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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Seems 50% + group members dont know at least basic accounting

Seems 50% + group members dont know at least basic accounting

+2
roshan1039
ThilinaM
6 posters

Go down  Message [Page 1 of 1]

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics

SAD story. then how to invest if u dont know basic accounts???

roshan1039


Moderator
Moderator

irrelevant topic

Teller

Teller
Moderator
Moderator

Not 50%,above 90% people doesnt know the basic. 2/3 investors have lost their 38% capital they invested

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics

yes correct 90% i put 50% since there will be many arguments from perpole who know NAV and EPS (they think they know accounts).

There is a considerable advantage for accountancy graduate to win market after lurning market basics.
accounting knoledge only will not solve the puzzle

roshan1039


Moderator
Moderator

My argument here is no matter how much qualified are you in the accounting does not help you to win.

Market has its way of behaving, if you cant understand that rhythm you are loosing.

Yes knowing some accounting principles is always advantages, but as far as you don't understand other economics, politics world trends, disasters etc etc. you cant win.

Can any expert mention the reason for todays drop?

Beta1

Beta1
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

roshan1039 wrote:My argument here is no matter how much qualified are you in the accounting does not help you to win.

Market has its way of behaving, if you cant understand that rhythm you are loosing.

Yes knowing some accounting principles is always advantages, but as far as you don't understand other economics, politics world trends, disasters etc etc. you cant win.

Can any expert mention the reason for todays drop?
i think force selling by some brokers

Teller

Teller
Moderator
Moderator

This due to PM visited INDIA and he discloses country's economic situation infront of 1250 million population , The news spreaded whole over the world and now over the 2 billion people lost the trust. The other scenario is the IMF and rating agencies concerns plus huge rupee depreciated today

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics

im on which side  Rolling Eyes Very Happy Rolling Eyes Very Happy Rolling Eyes Very Happy

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics

if you can get C pass for advanced level accounting paper congrads. you can do this. o level comz little difficlut have to study more. knoleadge of CA or accountancy graduate will not required

Teller

Teller
Moderator
Moderator

"knowleadge of CA or accountancy graduate will not required"😂😂😂😂🤣🤣🤣🤣🤣
Yes agreed , if high qualified accountant comes to market he will Recommend RHL,TILE,RCL,TOKYO,LWL,etc...but there is no faith of these shares. In simply useless to invest

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics

roshan1039 wrote:My argument here is no matter how much qualified are you in the accounting does not help you to win.

Market has its way of behaving, if you cant understand that rhythm you are loosing.

Yes knowing some accounting principles is always advantages, but as far as you don't understand other economics, politics world trends, disasters etc etc. you cant win.

Can any expert mention the reason for todays drop?
Frankly, Market has not enough funds to run up, and some bad economic news locally and internationally. IMF targets missed etc.. So market has no momentum even with some good 3Q reports.. its struggling... and some just waiting in the side till General Election over...Some disputes in the ruling party etc...So many negatives,,, so dont expect market to run a major rally for sometime...It will be little up... little down scenario...

Teller

Teller
Moderator
Moderator

When i predict market will come down to 5700 (november onwards, ) , so many blame cames. Thats the reason i sold majority of my holdings. Currently i trust 6 companies to hold. Balance funds went to international markets.

NANDANA2012


Manager - Equity Analytics
Manager - Equity Analytics

http://bizenglish.adaderana.lk/economic-revival-can-be-expected-in-2020-cbsl-chief/

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