The Milanka Price Index which tracks the most liquid 25 stocks in the CSE crossed the all important 3,000 mark today. I expected this day for a long time after i started investing in stock market in january this year at a time every body felt that the countries economy was heading to a almost worst stage. But apart from every think related to war and post war event i belive that i have judged the sri lankan economy in a possitive way. Every ruppee i earned turned into stocks immediately, then i became so addictted and got cash advance on my credit card and invested more and more above my earning capasity. The only think i had was the hope, i closely monitored the changes happened due to the circumstances of the war…
After i invested everythink i have and everythink i brought from my mum, my eager and hopes are not calmed, then i wrote a mailed letter to my friends, i felt ashamed to ask them straightly. this is the letter i wrote to them,
from P.Sutha haran
to ……………………………
date Fri, Apr 24, 2009 at 11:19 PM
subject Investment plan
mailed-by gmail.com
hi frns
Do you hv some money saving?
you are having it on a saving account (less than 5% interest) without any direction…
then you are the person i am looking for…
keep on reading.
I too have a simple plan.
i am investing my savings on Share market.
I do believe that i can brink out best by investing in a selected portfolio.
if you believe me
u can lend your stag money (10,000 – 70,000) to me at the rate of 23% annual interest rate . ( 100,000 will be 123,000 in one year)
i will assure the return of capital and interest on a timely manner.
The credibility dat i can prove at the moment is my name “Suthaharan”
r u interested …then contact me
(negotiations posible)
but no body turned around, they might thought that i am tring to become another sakvithy. but its important to note the share index at the time i am writing the letter. Its somethink around 1800 of MPI and 1550.
So thats mean for every 1800 ruppee u invested on shares should have returned you 3000 ruppees as at today roughfly 66% return in 4 months and if converted into year its somethink 200% return. ultimately i bought a brand new bajaj platina only from the profit i made in last six month. So i am writting this to prove my credibility never failed and my words became true.
I still believe MPI would grow at a slow rate and would hit the target of 3500 in next 6 month. i forecast Tourism sector has a massive potential of growth.. i i believe hotels would give a better return in near future.
Trading and services also would give better return due to the expansion of the new geographical market. If the busineeses grow within the country then automatically other sectors would give return. but my mighty mind says here after the growth will be slow and traders of stock would gain more than the long term investers.
Therfore whoever focusing to gain some money could try to become an investor atleast this moment where the sun smilies from the east in sri lankan economy.
haran5533
