Let India Make You Rich

Did you miss the bus? Don’t be sad, embarrassed, or defensive. Some 90+ percent of our country also missed it.

That’s the bad news. The good news is that you can still get on, and not just that, the bus will go even farther and faster now.

We’re talking, of course, about equity investing. At this magazine, we have a special history of suggesting that savers ignore all apparent problems and go head first into equity investing. Two decades ago, we were in the depths of the post dotcom crash, the Indian equity markets were still below a peak they had hit two-and-half years ago in 2000 – in fact, it was around the same level right before the Harshad Mehta scam erupted in 1992 – and people were still scared of even breathing the word equity. In that dark time, we published our landmark ‘Equity Without Fear’ in just the magazine’s second issue.

At that time, in November 2002, we strongly felt that India was on the cusp of a years-long bull run and investors who got in and stayed in would make an extraordinary amount of money. Were we right? You know the answer to that one! Despite all kinds of crashes and crises, here’s what happened: