The Dream 11 Dilemma
Did you know that Indians are now spending more money on Dream 11 than on actual stocks?
This means that in India people are more interested in getting lucky quick rather than investing slowly and tediously.
And the numbers are very shocking because Dream 11 now has approximately 22 crore users while Demat accounts in India only are at 18.5 crores and there's a difference of nearly 3.5 crore accounts.
And even more concerning trend is that Dream 11's user base grew by 7 crores in just one year.
Dream 11 reported more than 6,000 crores in revenue just in the last one year.
Now with the current valuation of more than 45,000 crores, I will not be surprised if we get a Dream 11 IPO very soon and truth be told I would most definitely try to get a lot of that as this is a business that I would love to reap benefi
This is a fascinating development where more Indians are looking to get rich quick rather than taking time to invest and work properly.
So why Indians are not investing in the market but rather investing their time in Dream 11.
Please let me know in the comment section below.
In my college days, I tried to play one such Fantasy game. Back then, it was a brand new thing catching attention with heavy advertising and unrealistic promises. Obviously, after losing my money after taking bets in 3-4 matches, I understood my mistake and never walked down that lane again. These are really addictive and I would advise anyone to care for their hard-earned money.
!pimp !BBH