Investment Opportunities

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In

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Emerging India

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Hand-picked Investment News For Busy NRIs & PIOs

Issue No. 02 Evening Edition IST

Corporate News . Investment Opportunities in India
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Headline News in this issue:

• Market meltdown wipes off Rs 2 trillion
• Buffett says he's buying US stocks: Report
• Jet Air welcomes everyone back

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Investment Fundamentals

Be fearful when others are greedy, and be greedy when others are fearful.

- Warren Buffet

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SENSEX: 9,975.4 DOWN 53.0 % from 52-wk high

FOREX-Rs: USD 48.68 / EUR 65.54 / GBP 84.32
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Market meltdown wipes off Rs 2 trillion investor wealth in a day

As Dalal Street broke the psychological 10,000-level on sheer panic selling, investor wealth to the tune of Rs 2 trillion got eroded in just a single day with experts confirming that weakness and volatility are here to stay.

http://economictimes.indiatimes.com/Markets/Stocks/Mkt_meltdown_wipes_off_Rs_2_tr_investor_wealth_in_a_day/articleshow/3609816.cms
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Buffett says he's buying US stocks: Report

NEW YORK: Billionaire investor Warren Buffett is buying US stocks, he wrote in an opinion column in the New York Times."A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful," Buffett wrote in the paper.

Buffett acknowledged the economic news was bad, with the financial world in a mess, unemployment rising and business activity faltering."What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up," he said. "So if you wait for the robins, spring will be over."

Buffett, who made his money by building his company Berkshire Hathaway Inc into a $199 billion conglomerate, wrote that investors were right to be wary of highly leveraged entities or businesses in weak competitive positions. "But fears regarding the long-term prosperity of the nation's many sound companies make no sense," he said.Buffett said major companies would suffer earnings hiccups, but added they "will be setting new profit records five, 10 and 20 years from now."

http://economictimes.indiatimes.com/Buffett_says_hes_buying_US_stocks/articleshow/3609717.cms
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Jet Air welcomes everyone back (ET,17Oct08,Mum,Page1)

IT WAS a night of high drama for India’s aviation industry. Bowing to the considerable political backlash, an emotional Naresh Goyal, chairman of Jet Airways, announced the rescinding of the decision to sack 1,900 employees.

http://epaper.timesofindia.com/Daily/skins/ET/navigator.asp?Daily=ETM&login=default

AI plans to send 15,000 staffers on unpaid leave (ET,17Oct08,Mum,Page1)

BAD news is coming in a flurry these days. Even before one got over the shock of Jet Airways handing out pink slips to its staff, the loss-making state-owned carrier Air India has decided to introduce a voluntary leave scheme to cut operational costs.

The proposed scheme, to be open to 15,000 employees in non-operational areas, will allow them to opt for leave without pay for three-five years.

For news in detail, visit The Economic Times ePaper
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END OF THE DAY STATUS OF THE STOCK MARKET:

Sensex came down by 5.7 % today.

SENSEX: 9,975.4 (-5.7%) NIFTY: 3,074.4 (-6.0%)

. DOWN..53.0 % from 21,206.77 the 52-week high of BSE-SENSEX
. UP..........0.6 % from 9,911.32 the 52-week low of BSE-SENSEX

Investment & Wealth Creation Advice:

As indicated by us in the last few weeks, Sensex has come down substantially. It is now at about 47% of its 52-week high level. It is expected to go down further by about 1000-2000 points in the next few weeks. However, nobody can ever predict how much it will go down further.

You should now consider making systematic investments over the next few weeks after taking investment expert's advice. If you are planning to invest amount X in the next couple of months in equity shares / mutual funds, then invest 10% of the amount now, as the market may go down further. After a week or so, you could invest another 10% and so on.

As you, as an NRI, may not find it easy to remain in close touch with the Indian market, we recommend that you invest in diversified mutual funds with a 24-36 month perspective.

If you make investments in the right shares and mutual funds when the market is at 11000 or lower levels, you can expect minimum 20% (post-tax) compounded annual returns in the next 3 years.

We recommend that you read the Golden Rules of Investing given below at least once every month to ensure that you do not forget these golden rules and make investments in wrong assets.

Click here to display NSE CNX NIFTY Chart

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Golden Rules of Investing

• Never put all your eggs in one basket. De-risk by making equal investments in realty, fixed-interest instruments, equity / mutual funds and gold when the time is right for making these specific investments.


• Out of the investments planned to be made in equity & mutual funds, make equal investments in 10-15 stocks with strong fundamentals, belonging to 4-6 sectors OR equal investments in 3-5 diversified mutual funds OR a mix of these two asset classes.
  
• Never invest based on your gut feel or a friend's advice.


• Never make speculative investments. Listen to two or three time-tested investment advisors.


• Never make these 3 common mistakes: 1. Buying shares of a reputed company at a wrong price, 2. Buying shares of a bad company at any price, 3. Buying & Selling shares without consulting time-tested investment advisors.


• Never depend entirely on your broker for making all your buying & selling decisions. Do consult at least two time-tested investment advisors.


• Never lose money. Define your stop-loss rules in consultation with time-tested investment advisors to protect your capital.


• Never borrow to invest in stocks.


• Never believe that you are destined to make it big. Such beliefs often lead to wrong decisions and major losses. Be rational. De-risk. Listen to time-tested investment advisors.


• Avoid investing in stocks / mutual funds or realty or gold when their prices appear to be at a high. Make Systematic Investments with a long-term view when they are at a low.


• Keep the stocks for a long-term or make Systematic Divestments when the markets appear to be at a high.


• Caution: Speculative & Short-term investments and investments made without consulting time-tested investment advisors could be detrimental to your financial health.

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Disclaimer: Please make all your investments after taking expert advice. NRI.NewsIndia will not be responsible for losses, if any, incurred by you. Through NRI.NewsIndia, we shall be only making you aware of the investment opportunities in India at a broad level.
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