A brilliant article by Mr. Farooq Tirmizi on how to invest in stock market, for new investors. The article questions traditional modes of investment in Pakistan: Foreign currencies make no sense, yielding only about a 6pc return for the past 15 years. Gold does a little better at 15.6pc per year during that period. Oil had returns of about 22.9pc, but stocks outperformed all of these asset classes with a 24.5pc per year average return (measured by the benchmark KSE-100 index). To put this in simpler terms: if you had invested Rs10,000 each in 1999 in dollars, gold, oil and stocks, the account with dollars would be worth Rs19,702 today, the one with gold would be worth Rs93,790, the one with oil would be worth Rs205,598 and the one with stocks would be worth Rs284,701. Which would you prefer? m.dawn/news/1106508/the-case-for-in-vest-ing-in-stocks
Posted on: Sun, 18 May 2014 06:41:08 +0000
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