'Stock Market gives better return on people's investments than banks'

By Lynn Ockersz

'Do not confine yourselves entirely to the banking system. The Stock Market has always given you a better return on your investments and it would be advisable for you to invest some of your hard-earned money in the Stock Market, with a full knowledge of the money-earning opportunities it opens out regularly, rather than invest all your moneys in the banking system, which today offers investors very low interest on their investments.'

Thus said Securities and Exchange Commission of Sri Lanka chairman Dr. Nalaka Godahewa, when asked by The Island Financial Review during an interview recently, what advice he has to offer retired personnel who are usually prone to deposit their lifetime savings in mainly the banking system and depend on the interest these investments bring for their daily sustenance.

'From being around 20 percent at one time, bank interest is down to 10 percent or thereabouts. This is slightly above the inflation level and would hardly prove adequate in meeting current living costs. On the other hand, wise investments in the Stock Market would bring substantial returns which would enable a retiree to live comfortably, the SEC Head explained.

'However, it is important that a prospective investor in shares refrains from making rushed decisions. First, he or she must study market opportunities carefully. Moneys must be invested judiciously after some time spent studying the market openings that would yield the best returns. I would also urge potential investors to invest some of their savings, and not all of it, at first, in the Stock Market and assess the progress before making huge investments, the SEC chief added.
http://www.island.lk

Well said. Would be better if the good Dr could give us some assurance that he stands guard against some unscrupulous elements in the market taking poor pensioners for a ride.

Lux2014 wrote:Well said. Would be better if the good Dr could give us some assurance that he stands guard against some unscrupulous elements in the market taking poor pensioners for a ride.

Which is very hard to give by him. We can see that in recent GSF price movements.

Then who's there to protect interests of poor pensioners? I am sure good Dr has their interests at heart.

Lux2014 wrote:I am sure good Dr has their interests at heart.

I think you are mistaken about Dr, refer the link.

http://en.wikipedia.org/wiki/Nalaka_Godahewa

If the fence and ridge devour the paddy crop, To whom shall we complain ?

Redbulls wrote:

Lux2014 wrote:I am sure good Dr has their interests at heart.

I think you are mistaken about Dr, refer the link.

http://en.wikipedia.org/wiki/Nalaka_Godahewa

What about the "good" part

Backstage wrote:

Redbulls wrote:

Lux2014 wrote:I am sure good Dr has their interests at heart.

I think you are mistaken about Dr, refer the link.

http://en.wikipedia.org/wiki/Nalaka_Godahewa

What about the "good"  part

 

Good - Always in the heart. 

Redbulls wrote:

Backstage wrote:

Redbulls wrote:

Lux2014 wrote:I am sure good Dr has their interests at heart.

I think you are mistaken about Dr, refer the link.

http://en.wikipedia.org/wiki/Nalaka_Godahewa

What about the "good"  part

 

Good - Always in the heart. 

A goodly apple rotten at the heart ?  

Lux2014 wrote:If the fence and ridge devour the paddy crop, To whom shall we complain ?

Good question, most of the third world voters and citizens talk but do not intend to think to change.