An interesting observation on the 08/08/08 Nelson phenomenon

Just wanted to share an interesting perspective given in ET today on how Nelson dates have proven lucky for investors in India. An analysis shows that the investors who chose to invest in the benchmark indices on dates with three common digits — such as 05/05/05, 06/06/06 etc — in most cases earned positive returns at the end of the corresponding calendar year.

6 out of 7 instances in this century have proven to give positive returns to investors. Please do not read too much into this as it may just be a mere coincidence. Moreover, Indian markets were on a bull run in most of these 7 years.

Just enjoy the statistic attached :)