BouncyQuokka
BouncyQuokka

Caution to newbie investors

This is a friendly reminder that stock markets can be brutal.

You may have not seen cases of Vakrangee, Suzlon, Yesbank, IL&FS, DHFL etc but when they happen, you are almost dead.

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17mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
SillyDonut
SillyDonut
TCS17mo

Don't put all your eggs in 1 basket.

Dude was ultra pro risky

FuzzyNoodle
FuzzyNoodle
BYJU'S17mo

That's like the first rule of investment.

SwirlyTaco
SwirlyTaco

No, there are only two rules in investing:

  1. Never lose money
  2. Always Remember rule 1
PrancingNugget
PrancingNugget

Chill guys! Back then he was MD there but never attended any meetings.

ZestyKoala
ZestyKoala

Is that true!

PeppyMarshmallow
PeppyMarshmallow

Moral of the story: Don’t believe everything you read on Reddit or Grapevine.

PrancingDonut
PrancingDonut
Arm17mo

What happened to Vakrangee?

BouncyQuokka
BouncyQuokka
EXL17mo

It's an old story now. Used to be a darling stock at some point. You can read about it here: https://www.businesstoday.in/markets/company-stock/story/pc-jeweller-share-price-falls-vakrangee-share-buy-sebi-probe-225598-2019-08-22

FluffyNugget
FluffyNugget
Plivo17mo

Picking a bad example will not get the message across

BouncyQuokka
BouncyQuokka
EXL17mo

Such euphoria which we see in the market today is not new and I have seen gullible investors who wish to earn quick bucks resort to "tips" and end up investing large chunk of savings on these stocks. This may not be a large sum like in this example. But, it may be a large chunk of his NW.

WobblyPancake
WobblyPancake
Dukaan17mo

No that person is just stupid

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Top comments
user

Others are not stupid to fall for these. Everything in the world is not about choosing between evil & lesser evil. 😂...

user

Very well written stupid post.

user

Terrorism- a necessary evil