Amazingly stupid advice heard….
Do I have to tell you where I heard this advice? ….so here it is:
1. If you are not confident, keep your money in cash: ‘Cash is king’ goes the argument.
My take:
If cash is king what is inflation? I think sitting on cash till the market improves is an amazingly stupid piece of advice.
2. When in doubt invest in large cap funds:
My take
if everybody did that, will not yield expectations come down?
3 Do a SIP in a large cap fund, if in doubt choose an Index fund:
My take:
this is not a bad advice at all, except that he also added…in ONE year you will see a 20 to 30% return. I am not sure of that part. Also why the hell should they build such high expectations for the poor investor? He may get 20% but in the past he has been hurt so much that he may not stay beyond 15%.
My take is simple…see the performance of equities over the past 4-8 years, and decide on a fund house scheme. Look for a scheme with a large corpus. A flexicap fund makes sense…if you are still in doubt choose a fund with about 30% in debt and the balance in equity. Such a fund scheme will surely fluctuate less…and may calm your nerves..
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Thank You Sir.If we see AUMS ,its not difficult to conclude …Scheme with Large corpous and a scheme with 30 % in debt and balance in equity .Lets do that and forget Noices .
No Milind I did not only mean Prudence. But Prudence is a good place to start. I have money in Prudence and in I Pru Dynamic- that is simply because I LIKE Naren’s market calls.
For a beginner these are clean, safe funds why take risks with others is what I meant
I agree with you sir.You are right .In Naren and Prashant we have GEMS.For Beginers and otherwise also its Important to give our hard earned money to a person/Institution whom we can trust completly .Thank YOU
I am glad to read subra mentioning specifically about Prudence and dynamic funds. I hope he also writes similat things about stocks also.
One of the ways to financial Hara Kiri is to see what I say about stocks and do that. I have a lot of Coromandel International, and recently I have been selling…right from 308 to 260.
I have bought Bharti Tele, Tata Motors, Cummins, Ashok Leyland, Cholamandalam – but i have also sold these at high prices in the past.
Do u think any such info is useful for You? If yes, God Bless You.
Do not try to copy “Buffet”, “Ambani”, etc.,. The list should also include “Subra”.
Hilarious, I man the Comment on Stock
Hilarious, I mean the Comment on Stock query:)
Sir still couldn’t understand abcd of national pension scheme? Can anybody help? Please…