Rotary Club of Bombay West was delighted to have Shri Ramesh Damani, the Ace Investor and Member of BSE, as a Guest Speaker at its Meeting held on Wednesday, 2nd January, 2019.
In his presentation 20/20 Looking Back, Looking Forward made to a jam-packed hall at Rotary Service Centre, Juhu, Shri Damani stressed on starting early the journey of investment in Stock Markets. The compounding effect for those who start early is huge as compared to those who decide to splurge their income when they are young and start investments much later in their career. During the decades since he started investing in Indian Stock Markets in 1984, so many unsolicited events, scandals, disasters have occurred leading to markets crashing - like the assassination of Prime Ministers, Communal Riots, Bomb Blasts, War, Tech Meltdown, Tsunami, Demonetisation, GST to name a few. To quote Shri Damani, “India Grows at Night”. Despite all this, the index has seen steady rise over this period giving a decent Y-o-Y returns to the Investors like no other investment product. India growth story is intact and he was bullish on the long term prospects. According to him, Indian markets offer greater opportunities to the investors in the next 20-25 years as compared to the last 20-25 years.
Becoming rich through Stock Market Investments is Simple. All one needs to do is, as mentioned earlier, start early, identify businesses which will do well over the next decade and beyond and spot for specific stocks within that space. Ofcourse, he added that it requires a lot of hard work to do your own research and pick the winners.
Some of the potential winners in coming years would come from stocks in Liquor, Tobacco, Gaming, Real Estate, Clean Energy, Quick Service Restaurants, Airlines, Tech NBFCs, Logistics, Entertainment & Content and Algorithms, AI, Robots, Data, Curators. While the potential losers would belong to Auto, Auto Ancillary, Auto Insurance, Refining, Textiles, Conventional Banking, Pharma and Heavy Labour Industries.
His final advise was stay invested for longer term. The Presentation ended with a quote - “Financial winners don’t run sprints, they run marathons. They don’t rush. They do step by step over time.”
- Report by Rtn.Aslam Merchant