Friday, May 13, 2005
Quest 005
What is the right time to sell asset? ‘When you need money,’ that is not all. Let us limit ourselves with sellable assets only. Other day a newspaper subheading passed my sight, ‘mother sold her kid for 25 paisa’. I think value of paisa is less than pesos. Offspring should not be treated as sellable assets but this extreme measure is, let me imagine, to save the life of a human child from acute poverty, starvation and death. Yes I agree with her. This is a right time and cause for the sale. But I am talking about wage earning padded class.
Say ignoramus invested quarterly surplus in a Birla index fund in 2003. Shall he remain there or move? Is there possibility of rapid rise of indexes in 2005? Or is it wiser to switch to a particular sector or balanced fund? Investing ones surplus in assets is time consuming job. Remaining informed all the time about the change of value that in turn world around is a daily affair. To spend so much time in investments that is, buy and sell assets and in maintaining them, is it worth doing? What is better alternative to consume time?
Say ignoramus invested quarterly surplus in a Birla index fund in 2003. Shall he remain there or move? Is there possibility of rapid rise of indexes in 2005? Or is it wiser to switch to a particular sector or balanced fund? Investing ones surplus in assets is time consuming job. Remaining informed all the time about the change of value that in turn world around is a daily affair. To spend so much time in investments that is, buy and sell assets and in maintaining them, is it worth doing? What is better alternative to consume time?
