India's 40 Richest

Forbes latest list of 40 richest Indian.

Bulll market

Is it the last phase of bull market?
Emerging markets in last stage of equity boom

Unbelievable amount of money is flowing into emerging markets.
PetroChina's IPO attracts record $440 bn.
In Rupee terms it is 176000 crores.

NRN's Interview

One of the most candid interview by NRN.

NRN's interview.

I liked this statement very much.

"In Ramayana, Rama was accused of letting down the interest of Sita. But there is a lesson in that fable and that is for the sake of majority; leaders have to set an example."

I'm trying to be back

Almost six months since I did anything actively on stock market.
I'm trying to come back now.

I did invested in Power Grid IPO and results are beyond expectation.
Well, bull markets can do anything. No upper limits. I am still holding PowerGrid.

I am keeping all my money for IPOs. Looks like they are the safest bet right now. Don't think, just blindly invest in IPOs, you'll definitely make some money.

Some Inspirational Quotes

"An investment in knowledge pays the best interest!"

Benjamin Franklin (1706 - 1790)

The best way to forecast the future is to invent it

Alan Kay

“To buy when everyone is desperately selling and sell when everyone is buying requires the greatest fortitude but pays the highest rewards.”

Sir John Templeton

"Destiny is not a matter of Chance,
but a matter of choice.
It is not a thing to be waited for,
it is a thing to be achieved..."

William Jennings Bryant

“Purity, patience, and perseverance are the three essentials to success and, above all, love”

Swami Vivekananda, (1863-1902)

Some people Succeed because they are Destined to But, most people Succeed because they are Determined to!

Mutual Funds I have

As I mentioned last time, I have sold almost all my stocks.
I have mutual funds in my portfolio now.
Funds I have are
1. Fidelity Equity Fund
2. Fidelity Tax Saver
3. Fidelity India Special Situation Fund
4. Fidelity International Opportunities Fund
5. HDFC Top 200

As you can see my major investment is in fildelity funds, I am trying to diversify now.
I have a SIP in HDFC Top 200 and Fidelity Equity Fund, rest of them were lump sump
investment.

Everything sold

Last month I got a chance to off load all my stocks.
And first time in last 7 yrs I was able to overcome my emotions and stock mania.
There are multiple reason why I did this.
1. I got bored of stocks.
2. Stocks impacted my primary job too much.
3. For some time I want to concentrate on my IT career.

Now I have taken alternative approach of mutual funds. Have bought couple of SIPs in equity funds.