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..
Milind N
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 .
subra
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
Milind N
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
Chandrakant Dhutadmal
I am glad to read subra mentioning specifically about Prudence and dynamic funds. I hope he also writes similat things about stocks also.
subra
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.
Srinivas Muthadi
Do not try to copy “Buffet”, “Ambani”, etc.,. The list should also include “Subra”.
vikrant
Hilarious, I man the Comment on Stock
vikrant
Hilarious, I mean the Comment on Stock query:)
Jitendra n.
Sir still couldn’t understand abcd of national pension scheme? Can anybody help? Please…