Happy New Year to all.
This space will be used primarily as a commentary on the Indian Stock Markets. On the 9th of each month an update of the current market scenario will be posted. This monthy update will also have the update of a virtual portfolio of Rupees 1 Cr which was invested in 15 companies in July 2008. This site is meant for any person who is interested in Value Investing.
It is safe to assume that i have vested interests in all stocks that i comment on.
Atnamus.
Monday, January 5, 2009
Wednesday, December 10, 2008
5 Month Update
I know you people would be thinking that 9th Dec is gone and I would have forgotten (typical of the Apathy phase) ! No such luck J Comparing today’s nifty to 9th Nov nifty, there is hardly any change. The month of Nov again bounced back from the lows of 8K sensex. Can the markets go back again to 7900 levels, sure it can but I doubt it. It’s going to be a slow recovery but I would buy good companies on any day there is a 4-5% drop in the sensex. There is not much to say other than BUY but slow and steady and willing to take a hit of 15-20% on the downside BUT almost 40-50% upside in the next 12-13 months ! If you are sitting on a net loss of less than 30% on your portfolio you are doing pretty good. If your loss is more you keep the faith and keep putting in small amounts else it might be difficult to recover the loss!
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