I, personally, do not need advice on why I should be in equities, or timing, so thanks.
This comes from having been in the equity markets since 1979 individually and since 1957 for my dad. So seriously, no complaints. I have been of the view that when you have money you invest, when you need money you sell. Long term and short term is only when you assume that you are not EARNING any money, and treat money as a fixed amount. This is true only for retired people -not for the regular earners.
Be that as it may, there are times when the market beckons. I run a website in an extremely lazy fashion, so I am going to give you some hints – please go and work on those hints. Check out the numbers:
– India has reduced its Debt to GDP ratio over the past 9-10 years. This is good news – and actually ignores inflation (inflation affects both the numerator and the denominator).
– the market has some very good value scrips – if you leave out some FMCG (Itc, hul, colgate..), Pharma (Gsk), TCS, – we are at 2008 levels. All of us know inflation has ripped us apart since then, right?
– market is a slave of cash flow and decent corporate management. I am saddened by the poor corporate governance in India (the parliament undoing all the good work of the Supreme Court is so tragic) but I am still optimistic about many many good Indian corporates.
Tata Motors is actually suffering the India rating. If Mr. Mistry, renames it JLR Motors and lists it in London, or preferably in US, the prices will double. Remember 60% of its revenue is in hard currency, and all its ratios have improved over the past 5 years (go and check it out, I am too lazy to do it for you). If you are too lazy to do it, there is always Naren Sankaran who will do it for you. Or Anand – now looking after Bluechip at good old Templeton.
I am optimistic about many scrips, just picked Tata Motors out of the whole box. Will I name them? No. I hate meeting the regulator – especially when he calls me for me to defend myself (so far it has not happened, thank fully)…..
Let me be frank. I hate meeting the regulator for whatever reasons – unless of course I need to sell something to them…
Post Footer automatically generated by Add Post Footer Plugin for wordpress.