2008 – A recap

A lot of good things and humongous amount of ugly things happened in 2008.  The global financial meltdown, terror attacks in Bombay and the rest of the country, millions of job losses, more than 20 banks going bust in the US.  Big investment companies like Lehman, Merrill Lynch, Bear Stearns etc down the drain.  All the bad things were very promptly covered by the world media.  So, let me look at some of the best things that happened to me this year.

Best thing to happen to me in 2008

I got married.  Is there anything better than this? 🙂

Travel in 2008

I made 4 trips to India this year and contributed my part to global warming.  So, other than the regular trips home, 2008 has been a pretty dry year when it came to travel.  2009 seems more promising as i already have lots of travel plans lined up now that i have my wife as my travel partner.

Movies in 2008

Have lost count of the number of movies i watched this year.  It should be more than 150.  That means around one in 2 days.  Fortunately, i dont restrict myself to any particular genre or language,  so i have had the honour of watching some truly remarkable movies across languages

Let me emphasize that all the movies mentioned below are not necessarily released this year.  These are just some of the movies that i saw this year which impressed me.

A Wednesday
Oye Lucky Lucky Oye
Jodhaa Akbar
Subramaniapuram (Tamil)
Dasavatharam (Tamil)
Gamyam (Telugu)
Slumdog Millionaire
Dark Knight
Children of Men
Death at a Funeral
Before Sunset
3:10 to Yuma
Rebel without a cause
The Towering Inferno
In Bruges
Gran Torino
28 weeks later
Rang-E-Khoda (Colour of Paradise) – Iranian
Bacheha-Ye aseman (Children of Heaven) – Iranian

Books in 2008

Kaoboys of R&AW – B Raman
Eleven Minutes – Paulo Coelho
Reluctant Fundamentalist – Mohsin Hamid
Freakonomics – Steven Levitt
Barefoot Investor – Scott Pape
Undercover Economist – Tim Harford
It happened in India – Kishore Biyani
We are like that only – Rama Bijapurkar
The World is Flat – Thomas Friedman
Intelligent Investor – Benjamin Graham

Investments in 2008

At the begining of the year even though there were predictions that the world economy was in for a rough ride, no one would have believed if the markets would be at a situation where it is now.  From 20,000 to 9000, the Sensex has been on a mother of all crashes.  My portfolio is totally in the red.  But then as some great soul said…

Buy when everyone sells and sell when everyone buys

Iam buying and have built up quite a bit of my portfolio by now.  I averaged out quite a lot of my losses and surely dont need the market to climb back to 20k to see a positive portfolio.  I still cant believe why people keep advising me that i should start buying only when the market is stable.

How does one judge when a market turns stable?  The worst thing you can do is to time the market.  Its practically impossible for anyone to guess the top and the bottom of the market. The only thing a long term investor can do is to religiously invest a bit of his savings in the market and cash out when he hits paydirt.

Career in 2008

Nothing interesting happened in my career during 2008. In fact, hanging on to the job one has is the mantra in this gloomy economy. In fact this is a good time to start studying and get certified in some courses that can make a difference when the economy rebounds.

My resolution for 2009

…. is to have no resolutions 😉