I was looking at some personal finance website in India, like this one and this one. Its appalling to see no worth-while content in the Indian scene vs great tools like Mint and Wiki-Invest on this side of pacific.
Anyways i think that this is a great time to take stock of one’s financial health. The stock market and various other financial instituions around the world are facing a grim crisis. If you are a believer magic free market even in face of un-controlled and bottomless stock markets, then its a really great time to invest. However the big question is where to invest? Which stocks to pick and oh yes do you make up your portfolio in these times. Over the next few weeks i plan to address this very issue.
To make a modest start I’m ruling out any form of option trading, as the markets are really volatile, and i’m also going to rule out any chance of investing more that 40% of my savings in the cheap stocks.
Now once we rule out that. With a modest budget of $800 per month what can one do? The strategy i want to pick is buy stocks which were ridiculously high at one point and are dirt cheap (prefarably $1) now. However i’ll only pick companies how have real assets and a positive revenue in this mix. So what are these companies? F?
What do I do with rest 60% well, the dollar to rupee conversion rates are substantially high these days (possibly highest in last 3 years), so i’m going to try and send that money back home to India. I’m not sure though if i want my father to invest that in stocks. He is stock broken full time and has tendencies to over do it. So i’m going to cap that may to 20% stocks and rest as cash. Lets see though, it has to work THE man.game slots