Wharton has launched a rich web site of India Knowledge@Wharton (http://www.ikw.in) -- the latest addition to Knowledge@Wharton's fast growing network.
The new site is free and published in English, and it will include articles that focus on India's increasing importance to the global economy. The first issue features interviews with Indian finance minister P. Chidambaram and Ronojoy Dutta, former CEO of Air Sahara, in addition to a look at Tata Steel's Corus takeover and stories on Indian real estate and the country's burgeoning BPO film industry.
Also, readers may find a special section on Indian financial scene and non-profits webpages.
Health & Wellness, Self Improvement, Self Development, Relationships, Mental Health, Wealth Management, Money Management
Friday, November 3, 2006
HDFC Prudence Fund
Yesterday I wrote about my MF decisions and talked about SBI's Magnum Global.
I wanted a hybrid fund which invests largely in stocks but has some fixed income securities which can protects your capital in hostile conditions.
HDFC prudence fitted the bill perfectly with a 23.3 % returns since it's launch in 1994. It's better than some equity funds!!
My purchase price for the fund was Rs 109.325 as against the NAV of Rs 106.919. So I pay Rs 220.12 as the fee to HDFC for handling my money(Rs 10000 p.m.)
Value Research rates HDFC Prudence as a five star fund on the basis of it's consistent performance. Hopefully my trust bears rich fruits. And I'll be happy with a 15% CAGR. Errr..., I remind myself that "Expectations reduce joy", and time to be unemotional....
I wanted a hybrid fund which invests largely in stocks but has some fixed income securities which can protects your capital in hostile conditions.
HDFC prudence fitted the bill perfectly with a 23.3 % returns since it's launch in 1994. It's better than some equity funds!!
My purchase price for the fund was Rs 109.325 as against the NAV of Rs 106.919. So I pay Rs 220.12 as the fee to HDFC for handling my money(Rs 10000 p.m.)
Value Research rates HDFC Prudence as a five star fund on the basis of it's consistent performance. Hopefully my trust bears rich fruits. And I'll be happy with a 15% CAGR. Errr..., I remind myself that "Expectations reduce joy", and time to be unemotional....
Sensex Review
Here's the list of 30 scrips which form the Sensex. The purpose of noting them here is to be able to review each stock and learn why they are part of the sensex. And it tells me that one may not profit from the booming sensex if his/her investments are not in the right scrips. Investment bankers may be scoffing at this elementary post, but it's a learning process for me.
SENSEX is not only scientifically designed but also based on globally accepted construction and review methodology. First compiled in 1986, SENSEX is a basket of 30 constituent stocks representing a sample of large, liquid and representative companies. The base year of SENSEX is 1978-79 and the base value is 100.
SENSEX is not only scientifically designed but also based on globally accepted construction and review methodology. First compiled in 1986, SENSEX is a basket of 30 constituent stocks representing a sample of large, liquid and representative companies. The base year of SENSEX is 1978-79 and the base value is 100.
- A.C.C.
- BAJAJ AUT
- BHARTI TELEVENTURES
- BHEL
- CIPLA LTD.
- DR.REDDY'S
- GRASIM IND.
- GUJARAT AMBUJA CEMENT
- HDFC
- HDFC BANK
- HERO HONDA
- HINDALCO
- HINDUSTAN LEVER
- ICICI BANK
- INFOSYS TECHNOLOGIES
- ITC LTD.
- LARSEN & TOUBRO
- MARUTI UDYOG
- NATIONAL THERMAL POWER
- ONGC
- RANBAXY LAB.
- RELIANCE
- RELIANCE ENERGY
- SATYAM COMPUTER
- STATE BANK OF INDIA
- TATA CONSULTANCY
- TATA MOTORS
- RELIANCE COMMUNICATIONS
- TATA STEEL
- WIPRO LTD.
SENSEX is regarded to be the pulse of the Indian stock market.
Your Investments means mastering your emotions!
Here's an amazing review of Chapter 19 of Boglehead Guide to Investing by It's just Money
We make decisions emotionally and justify them rationally.
But mastering your emotions is easier said than done. Looks fine in theory but very difficult to implement. Maybe the first step would be to watch these emotions and observe their power. But it's a long way to any freedom from these emotions!!
In theory there is no difference between theory and practice, but in practice, there is......!!!
We make decisions emotionally and justify them rationally.
But mastering your emotions is easier said than done. Looks fine in theory but very difficult to implement. Maybe the first step would be to watch these emotions and observe their power. But it's a long way to any freedom from these emotions!!
In theory there is no difference between theory and practice, but in practice, there is......!!!
Thursday, November 2, 2006
Stock investing
A post on Smell the Cheese group by Amit and I have his permission to reproduce his thoughts here( regarding buy/hold/sell confusion)
Answering my doubts about the time & effort required vis a vis the returns, Amit says that there is no need to spend 2-3 hours a day for trading, anyone can work during weekend and then try to take trades. But afterall, its our money, the more cautious we are, the more profitable it is and lesser risky.
Easier said than done for me atleast!
I would suggest you something. I hope you wont mind it, but after reading so many replies, I just thought to share my views:
In Stock Market, Don't be afraid of making mistakes. You can not win 100% of time. Take control of your Trading and be focused.
No Trade is completed without a) Entry Price, b) Stop Loss and c) Prospective Target Level with time duration. Focus only on net-net profits. If your Stop Loss hits, Exit immediately from losing stock and concentrate on next prospective profitable trade. This is the only way to make consistent profits in Stock Market: - Be Focused. Incur mentality of Professional Traders.
If you trade with discipline, there may be some occasions when you make consistent losses in a series and there will be trades where you will make series of profits.
A professional Trader is not afraid of making mistakes and taking losses, they just exit from a losing trade as soon as they identify a losing trade while they stick to profitable trades for months even years until they don't find any reasons for exhaustion of the rally or reversal in trends. They just keep shifting their Trailing Stop Losses up for protection from a sudden rise and fall in market (Like Black Monday) While we do exactly opposite :- We stick to our losing trades till the last penny drown and keep on averaging it in hopes of making it a winner. During this, we miss so many winning opportunities to make money, had we have enough capital to enter into a new trade.
I would say: - This is very very difficult to exit a losing trade, but we have to learn this hard lesson if we want to survive and make profits in Stock Market. Always Go for Value, not for the Price. You can still make money by buying a stock at 2000 and selling at 2400 till the rally is sustained.
Answering my doubts about the time & effort required vis a vis the returns, Amit says that there is no need to spend 2-3 hours a day for trading, anyone can work during weekend and then try to take trades. But afterall, its our money, the more cautious we are, the more profitable it is and lesser risky.
Easier said than done for me atleast!
Subscribe to:
Posts (Atom)