I first thought about buying shares of Pantaloon Retail a few years back while standing in a very long queue at Big Bazaar. While looking around at all the people struggling to actually pay money I was thinking it might be a good idea to be receiving all this money - as a shareholder :)
I did buy some shares in October 2008 (with an eye on on upcoming stock split; which I now know may not be a great idea) and then again in September 2009. Though the stock went above Rs. 500 at a point, it is now at Rs 277; which by the way is the same as I bought it at around 2 and a half years back and lower than what I got it for a year and a half back.
What now? The queues are still there, and the chain is growing, so I'm going to go with my gut and buy some more!
17 April, 2011
11 April, 2011
Following up on MeraFoF
Following up on MeraFoF, it has been tracking the Sensex, but lagging a bit behind. The lagging part is not too good, especially if you want to base your investment strategy on it.
Of course, 4 months does not conclusively prove anything, and I remain convinced that over the long run, the MeraFoF would prove to be an investment with lower than average risk and higher than average return.
Of course, 4 months does not conclusively prove anything, and I remain convinced that over the long run, the MeraFoF would prove to be an investment with lower than average risk and higher than average return.
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