Ramesh Damani says: "If you are young and you have children who are below 5 or 10 years or your grandchildren as in my case, open a Demat account and start investing for them, your money will get clubbed with them in the capital gains but try and buy stocks for 10-20 years and remember that until you sell it there is no tax consequences. So, the money can grow unimpeded, compounding over long periods of time."
Ramesh Damani says: “A bull market changes the course of your portfolio, the course of the country. It is like an eclipse. It is a miracle of modern finance. And when this bull market started in 2021, you know how badly hit we were and what we were thinking about ourselves and our portfolio out there. Already 2-3 years into this, it has transformed our outlook, the feeling of a country and wealth.”
Sandip Sabharwal says: “Stocks like HAL, BEL or stocks even in the ship building space, should do well longer term because the revenue visibility is so great that they will ultimately keep on performing. If you own them, you should not be selling. But if you do not own, you should wait for some bad days of the market when there are corrective moves and there are sudden sell-offs to add.”
“The market has to have the cyclicality and up and down trajectory that goes through. I think people who in 2000 said only invest in tech in India or people who said I only invest in high-quality business, pay the price. The market is not a place for the arrogant. It is a place for the humble.”
"Unpopular, unloved, and unacknowledged entities have surprisingly performed well, which is a typical characteristic of a new bull market. In order to witness new leadership, it is necessary for it to emerge from extreme unpopularity. This phenomenon has been observed time and again. However, caution must be exercised in the SME and option segments, as there might be a potential bubble forming."