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5 Yrs of no returns in India Markets !
This historical example serves as a cautionary tale
25 July 2024 · Thursday
Good evening, WeekendInvestor
Today’s Daily Byte
There was a starting hiccup in the market today with markets opening gap down due to Nasdaq getting trashed last night. Big stocks like Tesla, Broadcom, AMD, and Nvidia took significant hits.
Today’s main story is the real estate tech shocker, and we’ll delve into the fine print in the video below !
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5 Yrs of no returns in India Markets !
In the mid-2000s, infrastructure funds were booming. Many of these funds started between 2004 and 2008, during a period of rapid growth in the infrastructure sector.
At their peak, these funds managed large sums of money, with many handling around 500 crores each. This boom was expected to continue, but the reality turned out to be very different.
By February 2013, the performance of these infrastructure funds was overwhelmingly negative.. . . . .
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History may rhyme but may not repeat
Many people believe in the market adage, “Sell in May and go away,” which suggests that the second half of the year is usually dull for the stock market.
This saying implies that summer is a bad time for stocks, and it is better to avoid the market during this period.
However, this belief does not always hold true, and relying on it can lead to missed opportunities.. . . . .
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