I was surprised to read a report in the India Today magazine yesterday which suggested that small investors are fast exiting the stock markets.
One reason for my surprise (and sadness) was to think about the future of Safal Niveshak.
After all, if small investors stop investing in stocks, who would read my daily rants on sensible, long-term investing?
But a bigger reason for the surprise came when I read this…
Most retail investors have lost faith in the capital market…Investors are exiting because there has been no capital protection in India.
Then I read this…
Investors are fast losing confidence in the capital market and unless Securities and Exchange Board of India (Sebi) brings in radical reforms, they would hardly return.
Now my question is – who was worried about “capital protection” during the heydays of 2004 to 2007 when everything they touched turned to gold?