Investment Opportunities
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Hand-picked Investment News For Busy NRIs & PIOs
Issue No. 03 Evening Edition IST
Corporate News . Investment Opportunities in India
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Headline News in this issue:
Headline News in this issue:
- Sachin becomes highest run-getter in history
- Sensex takes a 606-point pounding
- Sensex fares worst among Asian indices
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Investment Fundamentals
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.
- Sagar
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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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Sachin Scales 12K (ET,18Oct08,Mum,P1)
Highest Run-Getter In History
Sachin breaks Brian Lara’s record on Friday and became the highest run-getter in cricketing history.
SENSEX TAKES A 606-POINT POUNDING AS FIIs OFFLOAD (ET,18Oct08,Mum,P1)
The Sensex has slipped below 10,000 — a number most felt was the floor. High-profile brokers, celebrity analysts and foreign fund managers, who till the other day felt the market had bottomed out, were reluctant to say on Friday where it can stabilise now. Suddenly, everybody is clueless.
The Sensex crashed to a low of 9,911.32, before inching up to 9,975.35 at close, down 606.14 points or close to 6%. The 50-share Nifty ended the day at 3074.35, down 194.95 points, or 6%, over the previous close.
Sensex fares worst among Asian indices (ET,18Oct08,Mum,P1)
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India was the worst performer in Asia, where the trend was broadly bearish. Taiwan, South Korea, Singapore and Hong Kong were down between 2-4%, while China and Japan were up 1% and 3% respectively.
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Key European markets were trading higher, as normalcy appeared to be returning to the money markets gradually. The cost of borrowing dollars in London fell further as the massive liquidity infusion by central banks finally started taking effect.
Life At 10000: Then And Now... (ET,18Oct08,Mum,P1)
Back to the bleak future life has come a full circle for those investors who entered the market in early 2006, as the Sensex falters back to the 10,000 level after a gap of 28 months. The index’s return journey, however, has been so painful that many blue-chip stocks led by IT are currently quoting much below the levels recorded when the index had touched the five-digit figure for the first time.
Big hole in forex kitty on $ sales (ET,18Oct08,Mum,P1)
INDIA’s foreign exchange reserves fell by close to $10 billion during the week ended October 10, a record dip mainly due to heavy dollar sales by the central bank to stem the fall in rupee’s value.
According to data released by the Reserve Bank of India (RBI), total foreign exchange reserves, including gold and SDRs, dipped to $274 billion during the week ended October 10 from $291.9 at the end of September.
This is the third straight week that the forex stockpile has fallen in tandem with the market slide, the past two weeks being specially severe.
For news in detail, visit The Economic Times ePaper
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END OF THE DAY STATUS OF THE STOCK MARKET:
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
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Investment & Wealth Creation Advice:
In line with the projection made 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 investment period.
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.
- Avoid investing in depreciating assets like expensive cars, mobile phones, electronics etc. You should rather put your extra money in appreciating assets like real-estate, equity, mutual funds, gold etc. when these assets are available at bargain prices.
- 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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