In the previous issue, we had mentioned that should the Sensex hold the 8,700 level, it would mean that the major market decline is over. This level did hold and this can be taken as confirmation of the termination of the major bear market that began in January 2008. Also, the Sensex has pierced 10,100, which was decisive because it was the upper end of the range it had been trading at. ...
When the market was in a bullish mode, there were a lot of new investing ideas. One was to invest in overseas companies. Indian brokers and fund companies were encouraging investors to take advantage of the Reserve Bank of India’s rule that allowed individuals to transfer US$200,000 overseas every year. Mutual funds came up with schemes that would invest abroad, positioning this as ...
When I was young, my mother, who had studied the learning process of a child, was keen to make sure that my brother and I had the right associations – within our very limited means. Not that I cared. But, clearly, she was on the right track – as were many other Indian parents I know of. To do well in life, it would be great if you have the right company early on. If not, you must ...
