I invested 1 crore , now down 30 lacs, how to recover?

http://www.consumercomplaints.in/bycompany/ashwani-gujral-a142505.html


http://www.consumercomplaints.in/bycompany/ashwanigujralcom-a118361.html
Guys,
I invested 1 crore in Stock market. Ashwani Gujral is managing my funds.
After reading his books and his Resume , i decided to go with him.
His web site promises lots of things and the result shown on the front page are impressive. But belive me, the website shows totally diffrent figures from actual transactions in my account.

It has been one year now , I am down by 30 lacs.

Any way, its not about him, its about me. He has his disclaimer to protect him. I found myself completely stupid and hopless about situation.

Now, what should I do, how should I recover my losses, should I continue with him till breakeven or should I just exit.

I know you are absolutly upset with me , I can take any kind of answer in any kind of langauge , as I deserve it.

Thanks


Updated on Friday 23 April 2010.

Finally I closed my account with Ashwani Gujral...

Friend,

Without any further doubt in mind, just withdraw your remaining 70 lacs and put them in bank or some same deposits.

Market is unlikely to refund your lost 30 lacs in near future.

Mind you friend, 30 lacs is a much amount for many people in this country.
Then your remaining 70 lacs should make a larger difference in their lifes.

My last piece of advice.

Why donot you spare some time to learn some investing strategies to manage your money. Why entrust that responsiblity to some irresponsible persons covered under the pretext of disclaimer. If Gujral can loose 30 lacs in stock markets, there is no problem for you loose those 30 lacs yourself.

Its my view. Decision is yours.

what i suggest is that ,remove your money from aswini gujral scheme,company wateva the thing is ,and invests in any blue chip infra company ,your loss will be covered in less than six months ,u may even make profits any other investment avenues does not make any sense.u can even buy reality stocks if u have a view of lets say six months or so.if u want stocks specific idea,than let me know,i will jus suggests you,i dont have any consulting company or nothing of that sought,even i am an investor like you k
so jus let me knoe did my views helped you or not

don't be so upset , it is part of share market , u have lost 30% , there are several persons who already lost 100%, what ever might be , just diversify your portfolio, take help from several knowledgeable members of this forum, they will always help u.
My personal view is to allot 10% of your remaining amount in share market but before that u should have a good trading system so that your loss can be minimized. For Rest amount you can go to bank or else where you can get secured return .Also consider the Tax aspect on your income. If you dont want to invest directly you can opt for Mutual fund .Choose 2/3 good MF based on large cap and mid cap. AND WAIT FOR TIME it will heal everything.

I too think, put them in bank FD if you want to see 1 cr again in your account.

If you wish to do trading, then you have to operate your account by yourself.

Most preferred way would be to do swing trades with hedge. As your capital is big, no need to take huge risk for making money.

regards

Bro pls dont suggest him what is not good for him in FD with 8-8.5% return which is not tax free what do u think he can earn 50% in how many years
Bro first of all take money in ur hand after that start searching ways to earn
This is basic problem
when son of a rich man given 500 crore he mmake that 700 crore and when people like us start investing that bcome 50% reason is not attitude but its way of investing
making 50k to 150000 is easy but 70lac to 1 crore is hard as it need self confidence to take harsh decisions God bless us all

STP is best nowadays for this case as mkt is walking on razor and would go up slow and if fall would fall apart hugely:thumb:

Hello friend,

I'm a trader myself and I feel sorry for the situation. I feel sad about innocent people getting ripped off by the marketing companies promising stars. If this case is true, I've got only one thing to say:

The person (or group) who is managing your money is illiterate and has got intelligence no better than a snail.

Let me tell you why I made this bold statement. The very basic (but most important) lesson taught when one enters the business of trading (a.k.a managing funds in the market) is about Risk AND Money Management. And it seems that the person whom you've trusted your capital of Rs. 1 C has skipped this very lesson. :sos:

Don't try to get 'breakeven' - you'll windup losing another 30-40 Lacs.
First of all - withdraw your funds, close the deal and if possible, try him in court.

Seek a detailed explanations of all the transactions made with your funds. And WHY those transactions were made.

As somebody posted above, put your 69 Lacs in a 100% secured fund that is minimal risk & backed by Govt.

With the remaining 1 Lac, open up a trading a/c and learn to trade for yourself.

wishing you best of luck. :thumb:

The suggestion is good and you can think on it.
Another thing you can do is invest in stocks(systematically) that are fundamentally strong but are undervalued : like now Punjlloyd,some sugar mills will give good return in long term,Reliance good for next 2-3 years.Dont rush just be cool and play safe.

What's your suggestion buddy?

I thought that FD is the easiest option for breaking even, specially someone does not trade himself.