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Thank you, Sir, for sharing your views with us. We Indians have always been skeptical about investing in the stock market. The scams perpetrated by Harshad Mehta & the likes had only deepened this fear. Indians rather sought refuge in gold. But this hoarding of gold has been one of the reasons for high fiscal deficit of India that invariably affects the power of INR. At the same time, it has eaten into a huge pie of Indian household savings which could have served as equity capital for companies. With SEBI cracking a whip on fraudulent brokers & the advent of dematerialized shares, Stock market workings are now more transparent than ever. The rise of BSE SENSEX from 1,000 points in 1991 to 30,000 in 2017 has been stupendous. This rise hasn’t been a smooth curve. Every stock market has periods of boom & bust. One has to remember that “Returns are subject to market risks” and one has to time the market to get above average returns. But is it possible to time the market??After the Economic liberalization in 1991, the interest of Foreign Portfolio Investors in Indian markets has grown steadily. Our markets are now closely linked with the Global Markets & any event of global economic significance has a bearing on the Indian markets thus making the market more volatile. Hence for an average investor, timing the market may be difficult. The best way to enter the market is investing in Mutual funds over long term. With MFs average investors benefits from the expertise of Fund Managers. Another way is to invest in Value stocks & keeping tab of their fundamentals on an ongoing basis. To make above average returns one needs to have patience & discipline. If decisions are driven by fear, then one would end up in the red. A good knowledge of the economy, political situation, global events & company fundamentals can only create a successful investor. With time, one can learn to time the market. According to an Economic times article, over the past fifteen years Gold returns have been comparable with that of the stock market. As Warren Buffet rightly says "Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn't produce anything."

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