Offline
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
You are here : Moneycontrol  MMB Personal Finance |
| The latest messages in different topics under Personal Finance are displayed on this page |
Personal Finance
Tracked by: 0 Boarder
I inveseted 1000 Rs. in Birla Frontline Equity, on 08-Oct-2008, using on-line facility of Birla AMC, via my HDFC account.
But, after I transcated the amount, the last screen (page), which shows the "Purchase Summary", wasn`t displayed, though 1000 Rs. are debited from my account.
I have sent 2 mails to Birla AMC and posted to messages also on my on-line account on their site. But to avail no benefit.
Does it mean, that I lost this amount?
How to recover this amount?
Please suggest me, what to do?
(Dear Sharmaji, Ashal, Wadia, Raj - Any idea?)...
Tracked by: 0 Boarder
Yes pcspune, a staggered method is the best method.
But trading once or twice a year on days like ystday is the best way to build wealth. Imagine one could have made 50% in skumars and 10% in SBI with 20% in relcom in ONE DAY.
...
In reply to:
pcspune
Dear Radhika Nandlal,
If you decide to buy Gold, it should be in small Quantities on Declines( Similar to SIP Style).
P.C.Sharma 
Tracked by: 0 Boarder
Dear Radhika Nandlal,
If you decide to buy Gold, it should be in small Quantities on Declines( Similar to SIP Style).
P.C.Sharma...
In reply to:
radhika_nandlal
Thansk pcspune,
I will check it out.
In UK right now there is a gold rush.
Its so sad to invest for a 25 year term when i am 46, of what use to me? However i have emailed ur investment pattern to my nieces, nephews and kids so they read it at office. I will however be trying out ulips and mahila plans.
Tracked by: 0 Boarder
Liquidity crunch and fear are driving redemptions by companies in liquid and debt funds. With banks tightening working capital loans and refusing to discount letters of credit beyond 60 days, companies are trying to tide over the crunch by redeeming some of their investments in debt and liquid funds of mutual funds.
The redemptions are also driven by concerns on the quality of the portfolio: debts funds’ exposure to illiquid, pass-through certificates (PTCs) and the fixed maturity plans (FMPs) exposure to real estate companies, who many fear could default.
“There has been some amount of redemptions in debt funds,’’ said Murthy Nagarajan, head, fixed income, Mirae Asset Management. “The PTC portfolios are illiquid. People don’t want to be there. They are saying why should I keep my money in a mutual fund; I am better off with cash,’’ added a fund manager.
Like in the US, banks in India have securitised a part of their retail loan book to pass-through vehicles, which have issued PTCs to mutual funds. For instance, a bank with Rs 1,000-crore loan book, decides to securitize a part of it, say Rs 100 crore, which allows it to grow its loan book and meet the capital adequacy norms.
For mutual funds, the PTCs offer a return which is 200 basis points higher than the more-safer certificate of deposits (CDs) banks issue, said a fund manager.
The originating bank would go to a credit rating agency and seek a rating. The rating agency looks at the likely default rate on such loans (say 10 per cent), for which the originator stands guarantee. Based on this guarantee, the agency provides a rating which is higher than otherwise possible on such securities
“Market conditions have completely changed. The default rates on such loans could be higher today. These instruments are not listed; so it’s difficult to value them. Even if you want to do a bilateral transaction (a bank could sell to a fund, or one fund to another), there’s no liquidity,’’ said a CFO in Mumbai.
“It’s both the liquidity crunch and concerns on safety that’s driving companies to redeem. There are concerns on the underlying debt of mid-rated companies that mutual funds bought, some of whom could default,’’ said the CFO with a leading corporate in Mumbai, which has trimmed its liquid funds portfolio by a quarter.
“Fear is driving fear here,” said a mutual fund analyst. Funds have been trying to dispel the same. “We have 50-odd FMPs. There has been no delay or default on any of our investments in last ten years of FMP’s history,’’ said Nilesh Shah, deputy managing director, ICICI Prudential.
Analysts said funds have been trying to meet redemption pressures by selling the commercial papers and certificate of deposits to some banks, who expect things to change in the next 2-3 days but that calls for some government intervention.
Ranju Sarkar / Mumbai October 14, 2008...
Tracked by: 0 Boarder
It well could, though I wonder why anyone should stick on such a fund, depreciating over time, to see the zero! ...
In reply to:
Investment in Mutual Funds
Posted by :
SATIJA
Is it possible in this bearist market that the NAV of a particular mutual fund may be quoted at Rs.1.00 or Rs. zero.
Tracked by: 0 Boarder
Thansk pcspune,
I will check it out.
In UK right now there is a gold rush.
Its so sad to invest for a 25 year term when i am 46, of what use to me? However i have emailed ur investment pattern to my nieces, nephews and kids so they read it at office. I will however be trying out ulips and mahila plans....
In reply to:
pcspune
Dear Radhika nandlal,
I DONT see GOLD as an effecient Investment from Returns Point of view
& hence never monitored it as Investment avenue. If you understand it Properly & monitor Regularly, it may be an Option.
Regarding 100 - AGE Formula,my views are as Following.
If somebody youngman in TWENTIES has only few Thousand Rupees, he should Invest at least 6 months Expences in DEBT & Remaining ( say less han 50% of Total Assets) in Equity.
If somebody is above 50 years & have 1 Crore Rupees, he should Invest 5-10 Lacs in Debt & Remaining ( over 90% ) in Equity so that he is not short of money at the Age of 80 years(considering Infltion).
for VAC please visit w w w moneytoday dot in website & Click on Mutal Funds & 10th month. Lot about VAC was Exchanged last month by vvrk & Anshal on this Board.
P.C.Sharma
Tracked by: 0 Boarder
Dear Radhika nandlal,
I DONT see GOLD as an effecient Investment from Returns Point of view
& hence never monitored it as Investment avenue. If you understand it Properly & monitor Regularly, it may be an Option.
Regarding 100 - AGE Formula,my views are as Following.
If somebody youngman in TWENTIES has only few Thousand Rupees, he should Invest at least 6 months Expences in DEBT & Remaining ( say less han 50% of Total Assets) in Equity.
If somebody is above 50 years & have 1 Crore Rupees, he should Invest 5-10 Lacs in Debt & Remaining ( over 90% ) in Equity so that he is not short of money at the Age of 80 years(considering Infltion).
for VAC please visit w w w moneytoday dot in website & Click on Mutal Funds & 10th month. Lot about VAC was Exchanged last month by vvrk & Anshal on this Board.
P.C.Sharma...
In reply to:
radhika_nandlal
Thanks a lot pcspune for giving us a glimpse into your investment style. I have in fact saved ur post for future reference. YOu see this is the time to sell everything and invest in equity related instruments.
BTW you havent mentioned gold at all. In UK I understand folks are Queing up to buy Gold. Dint know UK will display the herd mentality that India displays for the yellow metal. LOL
Mahila unit scheme really looks interesting, i should look it up and also take some ULIP... what i feel sad about though is that i dint have the interest when i was 20 years old to invest safely and wisely. Only now i have developed an enormous interest in Wealth creation. Had i this kind of interest, i could have beaten my hubby to the game. LOL.. frankly the kind of interaction MMB provides it would be impossible to get anywhere in the world. Its almost like a free service. Thanks a lot.
Equity investment = 100- age
Yes the above leaves no room for optimism for citizens over 40.
Regards
Radhika
What is VAC process?
Tracked by: 0 Boarder
Thanks a lot pcspune for giving us a glimpse into your investment style. I have in fact saved ur post for future reference. YOu see this is the time to sell everything and invest in equity related instruments.
BTW you havent mentioned gold at all. In UK I understand folks are Queing up to buy Gold. Dint know UK will display the herd mentality that India displays for the yellow metal. LOL
Mahila unit scheme really looks interesting, i should look it up and also take some ULIP... what i feel sad about though is that i dint have the interest when i was 20 years old to invest safely and wisely. Only now i have developed an enormous interest in Wealth creation. Had i this kind of interest, i could have beaten my hubby to the game. LOL.. frankly the kind of interaction MMB provides it would be impossible to get anywhere in the world. Its almost like a free service. Thanks a lot.
Equity investment = 100- age
Yes the above leaves no room for optimism for citizens over 40.
Regards
Radhika
What is VAC process?...
In reply to:
pcspune
Dear Radhika Nandlal,
I am not Expert in Share Market although I started Investing in shares ( only Primary Market ) since 1987. I sold most shares after getting 300 - 400 % Profits within 1-4 years. I also lost money in few IPOs( hardly 10% of Profits ).
I started Investing in Tax saving Mutual Funds from 1990
(hardly Rs.10000 per year).
Profits Earned from Shares / Mutual Funds are very low in Comparison to my Regular Income as Engineer /Construction Business.
I held Shares of 1 company for over 14 years & got Profits 25 Times
( 2500% )when sold few months back.
Being Mechanical Engineer by Profession, I know TOO MUCH about many Companies & therefore not comfortable investing in Secondary Market.
I think that Most MUTUAL Fund Managers are more Intelligent than me.
therefore I Invest in Mutual Funds.
Returns of Reliance Growth Fund & SBI Tax Gain Scheme 1993 are best I recieved ( more than 100% from 2005 till date ) in Dividend Payout Option.
I always opt for Dividend Payout even if I dont need Money.
I had never Invested in any PLAN of LIC because I did not Require Life Insurance of 1-2 Lacs & Returns are less than FD / PPF.Currently( after 2004) I have 18 Lacs Life Insurance cover through ULIPS of Plivate Insurerance Companies.
I started studying Mutual Funds Investments since 2004 only. Presently I can share my Following Observations / Conclusions with you & other Boarders.
- Few Good ULIPS with minimum Premium & Maximum Insurance Cover are BEST & CHEAPER option for Insurance & Retirement for INFORMED Investor. In many cases GREEDY Insurance Agents Cheat Investors by Selling Costly ULIPS to earn HIGH Commissions.
EQUITY / Balance Mutual Funds are Best Option for Wealth Creation.
For Safe Investments MIP / Mahila Unit Scheme are Better than FD.
Investments in FD may prove to be most INJURIOUS to your Financial Health after retirement( In view of Inflation & Tax Laws).
If somebody Invests 10% of Salary in GOOD ULIPS/Mutual Funds for 30 years,he can recieve 5 Times of Salary every month after 30 years(SWP from Mutual Funds).
I am INVESTING all my Incomes in Diversified EQUITY Mutual Funds by VIP ( Value Averaging Process).
I DONT believe in Following Theories
- Equity Investment = 100 - Age
- Long Term Investment without Profit BOOKING
Although Timing of Market is Impossible. However all of us try TIMING the Market. TIMING the Market is not CRIME. One Should try to BOOK Profits ( as per VAC Process).
Nobody can get Maximum Profits but we should try to get OPTIMUM Profits( 15-25% Per year).
Best Wishes.
P.C.Sharma
Tracked by: 0 Boarder
I found this article by Dhirendra Kumar of value research quite hilarious. Read on.
Have you heard the Panchatantra tale about the jackal that turned blue? That story holds an important lesson in trying to understand the root cause of the global financial crisis. Here`s my version.
Once upon a time, a jackal from the jungle wandered close to a village and was set upon by a pack of village dogs. While running to save his life, he stumbled and fell into a large vat of blue colour at a dyers` workshop. As he scrambled out, he was surprised to see that the dogs took one look at him and ran away, yelping in fear. He peeped into the water and saw that he had turned into a strange blue being. It was obvious to him that he had fallen into some sort of a magic potion and become a fearsome and powerful creature.
He went back into the jungle and declared himself to be the king. Scared of this blue apparition, the animals hastened to obey all his commands. Soon, using the money he extorted from the poor creatures, he bought himself an apartment on Manhattan`s Upper East Side and another one in South Mumbai, probably in the NCPA building. However, he spent most of his time in Dubai. For some reason, he preferred the dry weather there. One day the unthinkable happened. Just as he stepped out of a helicopter after surveying the Burj Dubai-2 (he was planning to buy an apartment on the 8000th floor), it started raining. As the torrential rain poured down, his blue colour washed off and there he stood, revealed in his true jackalness. But it was OK because everyone around him was also a jackal. No, wait, that`s a different story. As soon as he was revealed to be a jackal, the animals around him chased him back to the village.
The Jackal`s pretence has a great similarity to securities being painted up and disguised into something they are not. When the dust finally settles on the Great Panic of 2008, we will all realise that in almost every part of this crisis, the original sin was investments that were pretending to be something they were not. Take the American sub-prime housing loans, which were the first to collapse. They were risky loans that were hastily given away to people who had no hope of returning the money. But the loans were sliced and diced and repackaged as AAA securities and then bought and traded by institutions all over the world.
Perfectly good banks are in crisis because in modern banking is based on taking short-term money and lending it out long-term. Cash and money market funds promise next-day redemptions to investors but their underlying portfolios are based on investments that could take much longer to encash. I`m sure it`s all very innovative, but whenever the rulebook of the financial markets is rewritten, these disguises should be made transparent.
As for our friend the jackal, he went back to the village, ran to the dyers` shop and dived into the vat of red colour. And then, having learnt a trick or two from the friends he had made in Wall Street and South Mumbai, he went straight to a rating agency and got himself certified as RRR+, the grade for absolutely genuine, natural red colour with the highest degree of long-lasting colour fastness.
...
Can short term losses in equity be booked against gains in debt mfs and gold etfs?...
Tracked by: 0 Boarder
The bull and the bear market are cycles and none is permanent. Each one of them will pass. The key here is to stay focused on your goals and not to get swayed by market conditions keeping in mind the asset allocation.
Now would be a good time to check your equity allocation as it must have deviated from your actual allocation and if nothing has changed for you, then better to prop up your equity allocation at this juncture and bring back your asset allocation to the original that you are comfortable with.
Regards,
Wadia
...
In reply to:
It's the survival of the fittest: Tips to be fit
Posted by : MMB Messenger
We have to survive through a bad or a lean period, else we may not be there when the situation changes for the better. The survival can be achieved through proper planning. Prudence plays a major role. A balanced mind can help.
Tracked by: 0 Boarder
The bull and the bear market are cycles and none is permanent. Each one of them will pass. The key here is to stay focused on your goals and not to get swayed by market conditions keeping in mind the asset allocation.
Now would be a good time to check your equity allocation as it must have deviated from your actual allocation and if nothing has changed for you, then better to prop up your equity allocation at this juncture and bring back your asset allocation to the original that you are comfortable with.
Regards,
Wadia
...
In reply to:
It's the survival of the fittest: Tips to be fit
Posted by : MMB Messenger
We have to survive through a bad or a lean period, else we may not be there when the situation changes for the better. The survival can be achieved through proper planning. Prudence plays a major role. A balanced mind can help.
Tracked by: 0 Boarder
Dear Radhika Nandlal,
I am not Expert in Share Market although I started Investing in shares ( only Primary Market ) since 1987. I sold most shares after getting 300 - 400 % Profits within 1-4 years. I also lost money in few IPOs( hardly 10% of Profits ).
I started Investing in Tax saving Mutual Funds from 1990
(hardly Rs.10000 per year).
Profits Earned from Shares / Mutual Funds are very low in Comparison to my Regular Income as Engineer /Construction Business.
I held Shares of 1 company for over 14 years & got Profits 25 Times
( 2500% )when sold few months back.
Being Mechanical Engineer by Profession, I know TOO MUCH about many Companies & therefore not comfortable investing in Secondary Market.
I think that Most MUTUAL Fund Managers are more Intelligent than me.
therefore I Invest in Mutual Funds.
Returns of Reliance Growth Fund & SBI Tax Gain Scheme 1993 are best I recieved ( more than 100% from 2005 till date ) in Dividend Payout Option.
I always opt for Dividend Payout even if I dont need Money.
I had never Invested in any PLAN of LIC because I did not Require Life Insurance of 1-2 Lacs & Returns are less than FD / PPF.Currently( after 2004) I have 18 Lacs Life Insurance cover through ULIPS of Plivate Insurerance Companies.
I started studying Mutual Funds Investments since 2004 only. Presently I can share my Following Observations / Conclusions with you & other Boarders.
- Few Good ULIPS with minimum Premium & Maximum Insurance Cover are BEST & CHEAPER option for Insurance & Retirement for INFORMED Investor. In many cases GREEDY Insurance Agents Cheat Investors by Selling Costly ULIPS to earn HIGH Commissions.
EQUITY / Balance Mutual Funds are Best Option for Wealth Creation.
For Safe Investments MIP / Mahila Unit Scheme are Better than FD.
Investments in FD may prove to be most INJURIOUS to your Financial Health after retirement( In view of Inflation & Tax Laws).
If somebody Invests 10% of Salary in GOOD ULIPS/Mutual Funds for 30 years,he can recieve 5 Times of Salary every month after 30 years(SWP from Mutual Funds).
I am INVESTING all my Incomes in Diversified EQUITY Mutual Funds by VIP ( Value Averaging Process).
I DONT believe in Following Theories
- Equity Investment = 100 - Age
- Long Term Investment without Profit BOOKING
Although Timing of Market is Impossible. However all of us try TIMING the Market. TIMING the Market is not CRIME. One Should try to BOOK Profits ( as per VAC Process).
Nobody can get Maximum Profits but we should try to get OPTIMUM Profits( 15-25% Per year).
Best Wishes.
P.C.Sharma
...
In reply to:
radhika_nandlal
Subasu, Ashalanshu, pcspune, Ranjan,
I hold all of you in high esteem and think you have all the tools necessary to build wealth and have always wondered if you all have been enormously successful in building wealth with all the knowledge at ur disposal. Could you tell us how much the stockmarkets have given you in the past 10 years at least. Or is it too personal? How much you each invested in MFs, how much its now etc etc.. in which stock you invested at what rate and why and how much its now. What kind of LIC you have taken or other insurances. What has been ur success in real estate.. Every aspect of ur wealth building process would be of immense interest not only to me but to all boarders here. Who else but you can be our models here?
Tracked by: 0 Boarder
hi how r u kay kar rahi ho...
In reply to:
MF NAVs decline sharply as mkts crash
Posted by : MMB Messenger
Equity diversified NAVs have crashed and ended with weak advance:decline ratio of 218 as it was dreadful day for the markets. Massive selling was seen in metal, oil & gas, bank, IT, realty, capital goods and power stocks.
Tracked by: 0 Boarder
Equity diversified NAVs have crashed and ended with weak advance:decline ratio of 218 as it was dreadful day for the markets. Massive selling was seen in metal, oil & gas, bank, IT, realty, capital goods and power stocks....
More from Personal Finance
Poll
Udayan's Market Outlook
 |
Expect a subdued mkt on global cues | |
| ||
| Udayan Mukherjee, Stocks Editor, TV18 | ||
 |
Boarder Circle