[vinit.merchant]

Same story here tsk. tata Steel, Rel Comm, powergrid, Suzlon, NTPC, Chambal, Bongaigaon, Century Text, TCS, etc. Though few of them have been going up, most of them in which I am heavily invested (one is Powergrid) have been constantly coming down.
Have had to keep my plans aside of buying car.

ECM: What does your charts say about Nifty now?

[BaCkSeAtDrIVeR]

Originally Posted by tsk1979

backseatdriver, do share the secret of your sucess.

Simple. Fundamentals. Book Value (!!!), EPS, P/E, NP, GPM, liquidity (No. of days of working capital). Above all, a long, hard look at the management.

Avoid the Johnny-come-latelys. I have not touched IT and Real estate so far. Remember Mesco, NEPC, Usha Rectifiers, Orkay, etc? Sudden spurt in publicity for the promoters (rather than the company itself) is a sure sign of a bubble in making. (Now, look back on the investments you made - how many of the companies' promoters have hogged more print space than their companies' performance?).

Of course, you need to be an all round macro economist to analyse the future macro economic trends. THis will help you get out of sectors likely to go down, and spot sectors fo the future. Most sectors are cyclic.

Probably, having a small portfolio helps. ;-)

[sriturl]

Invested in stocks thinking I will make lot of profits over night, and buy a "dream car"
Still not that bad, but on a lighter note, with losses, shouldn't come to a position to sell existing car

[snaronikar]

For all of you guys who have invested, stay put. It may come back in an year. Then you may book some profits and also avoid capital gains tax. As far as I'am concerened, I'am struck up and staying calm and invested hoping that the markets will revive soon. My 2 cents...;-)

[BWN]

Spot on snaronikar, markets are bound to bounce back once the US goes for elections in Nov.Our central govt is due for poll mode now. So me too hoping to avoid capital gains tax. Lets hope for the best.

[tsk1979]

More than Stocks, I am worried about mutual funds. Most of them are pretty low now. Many of them were purchased for tax saving.
Hopefully By feb 2009 things will be better!
Once the oil crisis tides over, and sensex regains 17K I can kind of get out.

[snaronikar]

Originally Posted by tsk1979

More than Stocks, I am worried about mutual funds. Most of them are pretty low now. Many of them were purchased for tax saving.
Hopefully By feb 2009 things will be better!
Once the oil crisis tides over, and sensex regains 17K I can kind of get out.

Just don't about this right now. If you think more it sure will give you cramps. Forget it dude (as of now) and enjoy.

[m3_07]

Gents...how about this...the technical analysts predict the bottoms at 9900 on the sensex, when would this be, no one knows. But, we sure are to see more downside.

Also there are talks on the consolidation of the crude prices. There was no reason for the crude to hit abnormal levels. The demands do not go up all of a sudden. It is a well managed event by the FIIs, where they feel that the equities are getting dry & commodities, O&G are the sectors which could be further milked.

Sit back & enjoy the journey, if you are not invested. If you are invested, look at every bounce as aa opportunity to "get out"

[BaCkSeAtDrIVeR]

Originally Posted by tsk1979

More than Stocks, I am worried about mutual funds. Most of them are pretty low now. Many of them were purchased for tax saving.
Hopefully By feb 2009 things will be better!

You can relax on this count. Tax saver schemes from MFs have a lockin period, of 3 years. So, you are invested for the long term, and unless you run into deep crisis at the end of that lockin, you ought to be able to live with it.

[harjeev]

hi guys,
I send out daily emails to all my clients/ associates/ friends. These emails are generally about stock markets, research reports by different research houses, predictions, investment study etc etc.
Basically anything and everything that i read about on a day to day basis, i share with others.

If any of you is/ are interested, drop me a PM with you email id and i would add you to the mailing list.

[DCEite]

I have a question.

I have an ICICIDirect online demat account. I havr some SIPs running in some mutual funds through ICICIDirect. The amount is debited from my ICICI Savings account each month. However, now that i have changed job, my salary account is no longer with ICICI bank. So there is no regular inflow of funds to this account.
Can i link a non-ICICI bank account (my current salary acc.) to ICICI Direct ? If not, what other options do i have?

[NetfreakBombay]

Salary account should give you facility of standing instructions for free. You can setup you account to transfer XXXX k Rs every month into ICICI savings account.

[DCEite]

Originally Posted by NetfreakBombay

Salary account should give you facility of standing instructions for free. You can setup you account to transfer XXXX k Rs every month into ICICI savings account.

I don not know if such a facility exists in my CITIbank (current salary acc.). There is an option of transferring funds online to other bank acc.

[spadival]

Originally Posted by DCEite

I don not know if such a facility exists in my CITIbank (current salary acc.). There is an option of transferring funds online to other bank acc.

I think this option of setting up SI on funds transfer was there earlier on the Citibank acct. Now it no longer seems to be there.

I had the same problem as you and switched my SIP's to Citibank investment account which is linked to my Citibank salary account

[NetfreakBombay]

Citibank mentions free RTGS (electronic) transfers for salary accounts on their site. I think a call to account manager in bank that looks after accounts of your company should sort things out.