Sugathadasa and former director general Malik Cader started a crackdown on widespread microcap fraud and insider dealing and came under pressure from powerful investors.
Cader was kicked upstairs to a position in the finance ministry and the post has now been re-advertised.
Sugathadasa is a retired public official who has been in many senior positions in government service.
Another strategy is to get reputable companies to offer regular investment plans. The best thing about these plan are are that they are low cost and the dividends are invested automatically without a charge. Buying and selling costs are fraction of what a brokers charge. Many companies in UK, such as AVIVA, offer this service. Better still, go into property. You can do so many things with a property- renovate it, refurbish it, landscape it or completely re- model it. A property will keep you occupied, Improve your DIY skills --and if you do it right-- it can be a nice little earner. You can do so many things if you have a piece of land- grow veggies, keep a few pets or turn it into a Garden Centre -- A great hobby that's also profitable. Much better than looking at a screen and watch numbers going up and down.
The best part is, unlike with stocks, it's all under your control.
The Spider And The Fly
"Will you walk into my parlor?" said the spider to the fly;
"'Tis the prettiest little parlor that ever you did spy.
The way into my parlor is up a winding stair,
And I have many pretty things to show when you are there."
"O no, no," said the little fly, "To ask me is in vain,
For who goes up your winding stair can ne'er come down again."
Said the cunning spider to the fly, "Dear friend, what shall I do,
To prove the warm affection I've always felt for you?
I have within my pantry good store of all that's nice;
I'm sure you're very welcome; will you please to take a slice?
"O no, no," said the little fly, "kind sir, that cannot be;
I've heard what's in your pantry, and I do not wish to see."
"
The spider turned him round about, and went into his den,
For well he knew the silly fly would soon be back again:
So he wove a subtle web, in a little corner sly,
And set his table ready to dine upon the fly.
Then he came out to his door again, and merrily did sing,
"Come hither, hither, pretty fly, with the pearl and silver wing:
Your robes are green and purple; there's a crest upon your head;
Your eyes are like the diamond bright, but mine are dull as lead."
Alas, alas! how very soon this silly little fly,
Hearing his wily flattering words, came slowly flitting by.
With buzzing wings she hung aloft, then near and nearer drew,
Thinking only of her crested head - POOR FOOLISH THING! At last,
Up jumped the cunning spider, and fiercely held her fast.
He dragged her up his winding stair, into his dismal den,
Within his little parlor; but she ne'er came out again!
And now, dear little children, who may this story read,
To idle, silly, flattering words, I pray you ne'er give heed;
Unto an evil counselor close heart, and ear, and eye,
And take a lesson from this tale of the Spider and the Fly.
2 years ago Colombo was the best performing market. Today, we have the only head and body less regulator. What pathetic depth we can fall in to?
Once Sugathadasa is gone, who will take over her position
