Posts in category All News
China cracks down on ‘illegal’ stock trading accounts (15-09-2015)
International Investing (15-09-2015)
Also, over years the allocation will go down from 20% to probably less than 10% as I need an absolute amount as emergency funds (like 4 months salary). NOT necessarily 20% of portfolio!
Thanks, please feel free to advice. It is always great to get another perspective!
Texmaco Rail gains 3% (15-09-2015)
International Investing (15-09-2015)
I completely agree with you. However, I prefer to have at least 20% of my portfolio in such securities which I can sell in case of urgent needs. The following are some points which made me consider developed/US markets:
- I don't need to pay any short-term capital gain tax in US compared to 17% in India. So freedom to liquidate holdings quickly.
- Indian equities are volatile (I agree equally rewarding as well), so I cannot be sure if I will get a good price for my shares or not in the short term.
- Currency conversion, other costs to send funds from India back to UAE will be quite high and tedious.
- Usually in times of crisis, INR depreciates along with Indian stocks, which basically paralyzes your Indian portfolio for at least 1-2 years. During these periods, a US portfolio will at least not be in such a bad shape. Hence, providing me the opportunity to take some cash out in case of any urgent needs.
- I can satisfy my urge to trade due to lower transaction costs!
Honsetly, it is an alternative to keeping my emergency funds in UAE accounts, which give me absolutely no returns.
I understand that I can open an account in India for a family member and take care of most of the issues above, but I prefer not to go that way. My portfolio is increasing significantly due to my ongoing savings (not stock gains ) so I don't think it is a good idea to transfer a lot of funds on someone else's name. That can create needless security and tax issues.
Suburban train derails in Mumbai, services hit (15-09-2015)
Dr Lal PathLabs plans IPO; files draft papers with Sebi (15-09-2015)
Goldman Sachs upgrades Axis Bank, ICICI Bank, YES Bank to ‘Buy’ (15-09-2015)
Goldman Sachs on Tuesday upgraded private lenders Axis Bank, ICICI Bank and YES Bank to ‘Buy’ from ‘Neutral’ citing attractive entry after recent underperformance on bad loans concerns.
At 11.44 am, Axis Bank, ICICI Bank and YES Bank were trading 1.57 per cent, 1.42 per cent and 0.33 per cent lower at Rs 488.20, Rs 268.20 and Rs 728.95, respectively.
On a year-to-date basis till September 14, ICICI Bank declined 22.9 per cent against 9.88 per cent fall registered by BSE Bank index.
The BSE Sensex declined 6 per cent during the same period. According to Eikon data, ICICI Bank is the only large cap private lender trading below 2 times of its book value.
Lenders with exposure to project finance especially in infrastructure sector have been under pressure over the last few months on worries over rising bad loans.
Goldman Sachs said: “Stocks are now trading at an attractive valuation of 1.6x to 2x of 1 year forward book value.”
The global investment banking firm also upgraded Kotak Mahindra Bank and Bajaj Finance to ‘Neutral’ from ‘Sell’. The share price of Kotak Mahindra Bank was trading 0.91 per cent down at Rs 639 while Bajaj Finance was up 0.52 per cent at Rs 5180 in the early trade.
(With inputs from Reuters)
Page industries (15-09-2015)
I got wrapped on the knuckles a bit, when I did comment once on price based discussion but yes, Page appears weak. I am very concerned since it has not fallen this much in recent times, from the peak levels....I am planning to add more (already my largest holding), if it comes around 12k