Many of us would not have really put our money on such a clear Majority for any of the parties. I believe that we have voted for STABILITY and we have got it. No later than 3.00pm on the Election results day, we started hearing comments on the stock markets and everybody is expecting markets to rocket up. I have always been writing in favour of Equity Investments (read my earlier posts) but at the same we all need be cautious not to repeat the mistakes we had made earlier.
Our decisions on investments should be based on accomplishing our FINANCIAL GOALS and not on the short term market movements. We are going to certainly witness INDIA as the preferred Investment Destination but at the same time we should be careful that some people again would want to take advantage of the expected Good times for the market. We should not again get trapped in stupid investment options which although look lucrative when the markets are rising but prove to be pain in adverse market conditions. Right example to quote here are the NFO’s (New Fund Offers)…..BEWARE!!!
Now what’s the right way to go forward?….The answer is PLANNING. Discuss with people you term as your investment advisers and decide over total Asset allocation to be kept. After the allocation has been arrived then decide which funds to invest into based on the fund house track record, cost, past performance and objectives. DON’T BUY PRODUCTS ……………… BUY SOLUTIONS.
For any discussions or clarifications I be contacted at anilbudhraja@yahoo.com or +919811078787.
Nice read as always. I think this is a good time to invest specially in infrastructure, education and energy as these will be the new areas where UPA will focus.
Comment by Rishi — May 23, 2009 @ 2:57 pm |