I am blessed by Mata Sikotar. I have divine powers. I can treble your money. If you give me one lakh today, I will give you three lakhs next week.
Posts tagged investments
The stock picker who got it wrong!
Ramesh Damani deserves to be applauded. He is a man of scruples. His conscience is in the right place. And he is not afraid of saying “Sorry, I got it wrong this time.” The same cannot be said for all the other dooms day sayers like Shankar Sharma and Devina Mehra who, like Damani, had also predicted a dire future for the market.
LIC Hsg Finance stock = HDFC Jr
LIC Housing Finance Ltd is one of the largest housing finance companies in India having one of the widest networks of 130 marketing offices across the country and representative offices in Dubai & Kuwait. It was promoted by Life Insurance Corporation in 1989 and a public issue was made in 1994. The main objective of the Company is providing long term finance to individuals for purchase / construction / repair and renovation of new / existing flats / houses.
Don’t let your emotions be your enemy.
“Don’t let your emotions be your enemy. Be disciplined! Start investing in the market. Put in a little bit each month.”
This wonderful bit of simple but profound advice comes from Steve Forbes, the Editor in Chief of Forbes magazine. In a chat interview reproduced by Moneycontrol.com, Forbes had a number of impressive things to say about India.
History on the Stock Exchanges!!
History was made on the stock markets on Monday, the 18th May 2009. Immediately on opening, the Sensex surged 1,305 points and touched 13,479. This triggered the circuit breaker and trading was halted till 11.55a.m. Trading was resumed at 11:55 am after the 2 hour break but a further jump and the breaching of the 20% circuit breaker meant that trading was haled for the day. In all, the sensex gained 2099 points and touched 14,479.
10 Rules for Investment Success
It’s crucially important to understand that from time to time, your investments won’t turn out the way you wanted. To protect your portfolio, don’t set yourself up for complete failure in the first place. Giving yourself a large margin of safety, avoiding people of questionable character, and only taking on risk when you can be sure you’ll be satisfactorily rewarded are all steps in the right direction.
Our Top picks for 2009 – Bank of India
In the Bank and Financial Services sector, we are very bullish on Bank of India for two reasons – strong growth prospects and low price-earnings ratio – compared to its peers in the private and public banking space. Bank of India is the Country’s third largest government bank by number of branches.
Cairn India – Power Play for Crude Oil
In the Oil & Gas Sector, we am betting on Cairn in preference to the other players such as ONGC, Aban Offshore and GAIL.
The fortunes of Cairn are directly related to the fortunes of crude oil and in the recent past crude has taken quite a beating. From a high of $145.29 a barrel in July 2008, crude plumetted to a low of $33.87 a barrel in December 2008. Since that low, it is up 37%.
Satyam and Maytas Fraud
Ramalingam Raju, promoter of Satyam Computer Services has admitted that a massive fraud was committed by him and that the books of account of the Company are fraudulent. The text of the letter written by Mr. Ramalingam Raju is here.
Irrational Exuberance and Financial Scams
It amuses me that it is not just us ignorant in god-forsaken third world countries who get taken for a ride occasionally by smooth-talking scamsters but even storied and so-called sophisticated investors ……… The Bernard Madoff scam being a case in point. The list of defrauded victims reads like a who’s-who of the financial world. HSBC (1 billion), Royal Bank of Scotland Group PLC ($492,760,000), BNP Paribas, Nomura Holdings and hundreds of others.
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