What should the rational reader do?
You do not need to be a speculator to enjoy the superior returns of equity investment. You can participate in the growth of the equity market through index funds. Index funds are available on Nifty, Nifty junior and the BSE Sensex. All three have shown handsome profits in recent years, given the growth of these indexes. The BSE Sensex has gone up from 120 to 8600 in the period from 1979 to 2005. If you do engage in stock speculation, be sure you really know a lot about the companies that you are trading in. And, if you are concerned about manipulation, you are safest when you are in a active stock where there are thousands of other traders.
