6 years back I had learnt my basics by losing money and also from the Sharekhan site. I revisit the site and give u one of the link to their article. The whole series is excellent piece to read. It is another matter, regarding applying it. I also admire articles written by Sanjiv Pandiya in Valueresearch. Check them out
http://www.sharekhan.com/KnowledgeCentre/ChapterArticle.aspx?ArticleID=f8a9c502-0e0b-431f-9df8-144fb631fb40
http://www.valueresearchonline.com/story/storyview.asp?str=8662
http://www.valueresearchonline.com/story/storyview.asp?str=8703
Friday, March 03, 2006
Thursday, March 02, 2006
Proven Wrong
For one who believes that the fudamentals are important, I acknowledge that even though the ego is hurt , it is good to be proven wrong about the sensex . This illustrates the point that you cannot time the market and predict the highs and lows of it. Equities are for long term. If you can keep your money locked for more than 9 years, then please go ahead and invest today. Also select industry leaders and stick to companies you know and understand.
Wednesday, March 01, 2006
NEw HIGHS
Well, the sensex is hitting new highs and my prediction that the markets will come down after budget has been proven wrong ! Or is there any merit in my suggesting that the markets will correct in near term. I still believe that from now till July the market will see decline in its level.
If you are a long term investor and u should always be one if u are investing in stocks, u can spread your purchases over next few months.
Regarding the basics which I had mentioned in the previous blog, I provide a link for information regarding asset allocation.
http://economictimes.indiatimes.com/articleshow/1420680.cms
If you are a long term investor and u should always be one if u are investing in stocks, u can spread your purchases over next few months.
Regarding the basics which I had mentioned in the previous blog, I provide a link for information regarding asset allocation.
http://economictimes.indiatimes.com/articleshow/1420680.cms
Monday, February 27, 2006
Basics
Doctors have a common quote amongst them that if the 'basics' are right then a person can tackle any situation and has answers for most of the problems.
I took upon writing this blog with the assumption that anybody who comes across it, is well versed with economics and personal finance. Honestly ? No.
Most of them want short cuts. Very few are ready to invest time and money to understand how to grow their money. People spend hours trying to buy their clothes or any other routine things, bargaining for 50-100Rs, but when it comes to investments they want expert advice and they will rely on any 'expert advice'. It only shows the lack of discipline and the inability to see the bigger picture. Most of my friends dont have any idea about the power of compunding, the simplest fundamental truth of all. Most of them have never heard of "Term insurance" plan and when I explain they think it is a big loss if u choose a term insurance plan. For majority of the people inspite of the "Bull run", stock market is a gambling den and mutual funds are some align concepts. I dont blame my friends. I was luck enough to have been introduced to economics. If you are someone u has not been able to follow what I have written so far, u can always contact me or leave a comment here. I shortly plan to upload all the 'basic ' information I have and reading which I have gained a fair knowledge regarding managing money. U can definitely benefit from it.
Let me make a disclaimer, I am a Doctor specialising in Cancer and have an avid interest in economics. I believe in Evidence Based Medicine, infact the Management guys have borrowed the concept and have started something called 'Evidence Based Management'. There are no short cuts to creating wealth.
I took upon writing this blog with the assumption that anybody who comes across it, is well versed with economics and personal finance. Honestly ? No.
Most of them want short cuts. Very few are ready to invest time and money to understand how to grow their money. People spend hours trying to buy their clothes or any other routine things, bargaining for 50-100Rs, but when it comes to investments they want expert advice and they will rely on any 'expert advice'. It only shows the lack of discipline and the inability to see the bigger picture. Most of my friends dont have any idea about the power of compunding, the simplest fundamental truth of all. Most of them have never heard of "Term insurance" plan and when I explain they think it is a big loss if u choose a term insurance plan. For majority of the people inspite of the "Bull run", stock market is a gambling den and mutual funds are some align concepts. I dont blame my friends. I was luck enough to have been introduced to economics. If you are someone u has not been able to follow what I have written so far, u can always contact me or leave a comment here. I shortly plan to upload all the 'basic ' information I have and reading which I have gained a fair knowledge regarding managing money. U can definitely benefit from it.
Let me make a disclaimer, I am a Doctor specialising in Cancer and have an avid interest in economics. I believe in Evidence Based Medicine, infact the Management guys have borrowed the concept and have started something called 'Evidence Based Management'. There are no short cuts to creating wealth.
Sunday, February 26, 2006
PHILANTHROPY
Well it is sunday and we need a different theme to relax. We all want to make money. let us assume that we are all super-rich, that is beyond what we can count, then what will we do with that money. It is not easy to answer because being super rich, u have all the luxuries and all the gadgets. So, let us see what way the rich people have spent their money and what the society thinks about it.
Philanthropy , embodied by many great people is an universal way in which the rich have partly used their money.
Examples include past giants like Andrew Carnegie, John D. Rockefeller, Joseph Rowntree and William Wilberforce, Tatas.
Presently Bill Gates hogs the limelight for the same reason.
Britain's Dame Anita Roddick, founder of the Body Shop, and Arpad Busson, a colourful French hedge-fund boss. India's new wealthy, such as Azim Premji and Nandan Nilekani, two Bangalore technology-firm bosses, are also becoming keen philanthropists. If I have ighnited your interest in this area, u can check out the following links.
Philanthropy , embodied by many great people is an universal way in which the rich have partly used their money.
Examples include past giants like Andrew Carnegie, John D. Rockefeller, Joseph Rowntree and William Wilberforce, Tatas.
Presently Bill Gates hogs the limelight for the same reason.
Britain's Dame Anita Roddick, founder of the Body Shop, and Arpad Busson, a colourful French hedge-fund boss. India's new wealthy, such as Azim Premji and Nandan Nilekani, two Bangalore technology-firm bosses, are also becoming keen philanthropists. If I have ighnited your interest in this area, u can check out the following links.
- http://www.economist.com/surveys/displaystory.cfm?story_id=5517605
- http://www.fordfound.org/news/view_news_detail.cfm?news_index=118
- http://en.wikipedia.org/wiki/Philanthropists
- http://en.wikipedia.org/wiki/Special:Search?search=indian+philanthropists&fulltext=Search
- http://www.answers.com/topic/philanthropist-1?method=22
To create wealth to distribute requires effort and discipline. So what to buy and what to sell, to make money ?
Patience is required. Hold cash for some time if u can. Buying opportunities are there but let us take some deep breaths before we resume to buy and sell.
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