Posted by:  shri57 on ( 30-Jun-08 13:56 )
| | | Price : BSE: Rs 2144.00 ( -1.74 % ), NSE: Rs. 2141.00 ( -1.91 % ) | 30th June,‘08
If I had started a RIL Rs10000 pm SIP in Jan ’05 –
I would have got 396 RIL shares by May’08 end of market value of Rs989550/- at total cost of Rs411300/-. A neat profit of Rs578250/-
Alternatively,
If I had sold half of my shares in mid of Aug’06 I would have recovered 145000/- of my investment. (of course I would have continued my SIP !).
If I had sold off half of my shares I would have recovered Rs344000/- of my investment and I would have 118 shares totally free plus Rs138500/- in my pocket!!
By May’08 I would have 145 shares totally free of cost and I would have Rs77500/-in my pocket for further SIP investment.
Now I am totally converted to SIP.
No more watching CNBC for me, no more reading messages on moneycontrol messageboard , no more Bollinger bands, MACD, RSI or SOT! No more heart burns when market falls when I buy a share or a market rise after I sell ! ( A very common occurrence , you will agree !)
Just a lot of time on hand to pursue my other interests !
HAPPY INVESTING!!
CROREPATI BHAV!!
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