Dear Allep and other Mumbaibulls,
First all all, Alp, Thanks for bringing up this. I have read your post 2 days back, but couldn't reply earlier as I wanted to make it in details. Hence, here I am now ..
Like you there could be some more people with the misconception that one needs a Infy-ICICI-Larsen or ABAN to enjoy the wonders of SIP which is anyday the wisest way for investment.
You said not every cricketer becomes Sachin Tendulkar irrespective of the hard work. They are anyway not supposed to, they create there own names like MS Dhoni a guy from Jharkand-Ranhci who used to booze and ride bike playing for local teams for Rs 200-400 per game irrespective of his performance in that particluar match.
Didi Dhoni thought he would become the best captain ever for Indian Cricket team or he would ever play for the Nation?
So why was the guy from Pathanamthitta district of Kerala was supposed to know he would grow this big? In fact, Warren Buffet and Bill gates also didnt think about it when they started there career.
Satyam, when a scam at such a level which can make or break Indian Corporate Governance image, it was the Government job to do the DAMAGE CONTROL.
Shouldn't we be proud of the Govt rather than thinking about something which actually didnt happen like what if Govt didnt into? Its like talking about a world which dont even exist or asking about the address of a road which none is going to go!
You were also talking about some list of stocks. I know what kind of stocks there would be in your, but then why would one SIP cats and dogs? The list which I want to show is NSE-50 and BSE-30 stocks are enough to explain that SIP had done wonders even for those who started SIP at Nifty peak 6300 levels in the year 2008.
We still havent reached 6300 back on Nifty, but these NSE 50 and BSE 30 stocks are giving profits already, so what list will you show us? A list which contains stocks like Austral Coke, Pentagon or Soft, ARL, Cals Ref, Veer Energy etc.
You are right, Stock prices cannot be predicted for the long term, but let me tell you that they can be projected given the past performance and future growth perspectives in mind. Like for Example, when I started recommending Educomp at 350 after IPO, I didnt knew in even bestest of my dreams that the stock would do 5k/share.
It took 1300 price levels for me to arrive to the conclusion that its headed towards 5k/share. Such price projection understanding comes along with the time which passes by year on year and it works wisely.
Another example, what target should I had given to people when recommended Tata Motors at Rs 150 in Feb 2009 ir Hero Honda at 600? Surely they would have given me the tag of "Mad Analyst" if I said 1000 by 2010 March.
Most of the people have not SIP and thats why most of them have only losses to show, admit or not, but you too know that its the truth.
I am quite surprised to know that someone of your kind of your knowledge with "9 years experience in stock market", which is actually more than 7 years of mine..lolz..got fooled by a ULIP less than 10k/month salary wala marketting agent who actually wont even know which sectors they will put money into??
ULIP's were introduced by houses to make money for them. The prospects said it all about the charges they are gonna slam on you but you got lost in the magical figures of the ULIP agent with no logical thoughts in the mind.
Last but not the least, SIP is not a TRY. Its a life saver, its a wealth and dreams creator, its a must, its the only way one can not only survive the stock markets but also achieve there Financial Goals which comes after lot of patience, discipline and faith down the line just few years, but is best when its longer.
Rest, its okay to have different opinions, one may no need to be sorry off. But it is also important to see things with a broader picture in mind and learn from mistakes so that 9 years down the line, you also have a different story of yours.
Happy Investing!