Stock market craze lands youth at shrink’s desk – 1 November 5, 2008
Posted by dhirendra1972 in Debt, Doom Market, Fortune, Golden Career, Stock Market.Tags: Financial, Pratap Mehta, Stock
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Good morning friends. I read the news here in our city about the stock market. I have read this at yahoo India site. I want to share it with you.
You have to meet this father to know how bloodbath at the stock market can weaken even bonds of blood, shake the very foundations on which one raises children whom people expect to be their support in old age. Pratap Mehta who is on the verge of retirement has used up his entire life’s income to pay off his 28-year-old son Maheshs Rs 30-lakh debt. Not only that, the 58-year-old man is also trying to keep Mahesh away from investing in the doomed markets, to which he was addicted when the bulls were on rampage to strike it rich.
After losing all his fortune, Mahesh believes that though he has learnt his lesson the hard way, he just needs some more cash to get the family out of financial trouble!
“I just need Rs 50,000 to get us all out of trouble. I know that Ive made a mistake by breaking the golden rule of not reinvesting capital but trading only on profits. Please, dad, give me a second chance,” Mahesh pleaded with his father. On hearing this, Pratap thought it fit to take Mahesh to an expert to make him see some sense.
Mahesh is one of those who not only lost their money but also a golden career. He used to work at Infosys in Bangalore drawing a salary of Rs 60,000 a month. However, he got so hooked to trading that he got obsessed with recovering his fortune lost in the markets. In the process, he also lost his job.
