May be we should look at past data - Page touched 200 day moving average during the August 2013 correction. The present correction reminds me of that time. We are a bit below 200 moving average now and Page getting into F&O will have its impact on volatility both on the downside and upside. I think even on the upside Page could rise viciously.

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:

1. 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.
2. 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.
3. Currency conversion, other costs to send funds from India back to UAE will be quite high and tedious.
4. 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.
5. 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.

If you do not mind me offering an advice - Please stick to Indian markets. Indian markets have a long way to go in the long term. We do not need diversification into developed markets. The time to invest in developed markets was in 1980s, not now! Though you can find multi-baggers in any market, broadly Indian markets should outperform US and other markets by a large margin - again on a long term (at least 5 years) basis.

Disclosure: I'm a normal retail guy not an investment professional and not authorised to provide any investment advice.

I feel for a quality company like page with a strong cash flow business model we should value it for FY17. I might give an EPS of 310-320 for FY17. so currently its trading nearly at about 40PE for FY17. If some wants to load it its the time to accumulate again.Disc. Holding it for a long (since 2010) and largest holding in the portfolio.

Ayush - Congrats on your well deserved success. Always learn lots from you! One of the most self-less folks I've met thus far.