Thank you for not investing in Equities: Satirical article by Samir Arora on importance of investing in stock market
“As it happens, retail investors are
helping markets more by staying out than by investing in equities. So from a
purely selfish point of view, we (current equity market participants) do not
mind if you stay away from equities. Keep your money in low interest bearing
savings accounts and this will help banks raise cheap funds.
Then, while you earn
taxable 9% per year in fixed deposits and 4% in savings accounts, we will
continue to buy HDFC Bank, IndusInd Bank, Yes Bank and the like, which are up
3.5 times, 11 times and 5.9 times respectively since December 2008. Also,
remember to pay all your EMI installments on time so that retail loans made by
private banks do not get into trouble and we can continue do well owing their
stocks.
