Sensex crossed the 20k Mark after a volatile 2 weeks. We have seen it take wild swings in the last 2 weeks and achieving the targets that were only to be touched towards next year. Sensex hit 16k on Sep 19, 17k on Sep 26, 18k on Oct 9, 19k on Oct 15 and finally touched 20k on 29 Oct 2007. What a ride .. may people lost their shirts going short and many made money going long.. but in the midst of all the hoopla only 6 stocks seem to have contributed to most of the movement. We will have to watch and see what will happen to the broader market now.
I noticed that a few channels were putting up breaking news that mukesh ambani has surpassed bill gates to be the richest man in the world. Congratulations Mukesh !!!..
Dont you think that we will have more than 25 of the 50 richest people in the world if we allowed the political and industrial families to fully convert their black money to white ?
Stumbled upon an interesting collection of advice from some financial experts and thought I should share some of it.. though I try to follow some of them mentioned below, its not easy to put all these into practice
1. Be afraid when people are greedy and greedy when people are afraid, ie, get conservative when everyone wants it and get aggressive when no one wants it.. kinda like buy low sell high - Gary Belsky
2. Step away from television and magazines, all they serve to do is show you how stupid you are because you’ve missed whatever they are talking about.. its old news.. Dont follow the hot news since you will end up buying at the highs. - Neal Godfrey
3. Good Debt vs Bad Debt.. Good debt makes you money examples include an investment that yields positive cashflow.. Bad debt burns your pockets.. buying the expensive items that are not critical for your lifestyle. - Robert Kiyosaki
4. Slow and steady wins the race and cosistency matters.. get rich quick never wins.. If you try to impress others, you’ll lose the wealth race as well - Peter Navarro
Full article can be accessed at Yahoo finance
Today lehman brothers reiterated its call that rupee will appreciate to 39 by end of 2007 [ which has turned to be a reality ] and 36 by the end of 2008. Lehman claims that this will happen despite RBI easing overseas investment norms
The investment bank expects RBI to take the middle path by “allowing some rupee appreciation but managing its pace, continuing to mop up liquidity and further encouraging capital outflows.
I continue to believe that apartment market in hyderabad is in the worst shape ever. But, when deals like the Tellapur Apartments@2000/SQFT are available, why think twice ? [ I am not in the business of recommending any builder .. So, as always, its your money.. so spend it wisely ]..
The project is promoted by a Registered Society formed by Owners. Buyers have to become members of the Society, to be eligible to Own Apartments. Spread over 6.5 Acres in Tellapur, the Project will have around 400 Apartment Units of 1525 and 2210 SFT in a Gated Secure Integrated Complex. Also Duplex Apartments of 3050 and 4420SFT.
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