POSTINGS FROM A PREVIOUS BLOG

RIGHT ON TARGET
Remember my post sometime back about Para dyne infotech.The scrip has since appreciated by almost 25 % and should hit my target of 200 by year end.
Posted by The Money saver at 3:21 AM 0 comments
Saturday, May 26, 2007

Interesting article
There is s very good article in the latest issue of Outlook business, titled "Broker Advice". I could not find the article on the web and so am not able to post a link. However I summarize it here :The author Dhruv Rathi asks you not to invest on the basis of your broker's advice or on the basis of recommendations in the media. He lists numerous cases in the last year where scrips recommended by various brokerage houses and equity research analysts , have lost heavily ( as high as 50 % in some cases ) . The reason which he gives for this is something that I have long suspected . According to insiders at one of the leading brokerages, stock ideas are first used to build proprietary positions, then recommended to big clients - institutions and mutual funds- followed by private banking clients, friends and associates and finally to the media and newswires. Thus the common investor usually gets to see the broker advice/report well after the big moves have taken place and mostly just before the offloading starts. Little wonder then that they make little or no money on brokerage recommendations, as these come into the public domain only after the key clients have made their purchases. Doesn't this sound similar to what I said while recommending "paradyne infotech", in my last post.So, the moral of the story is that these recommendations should be taken more as food for thought, rather than for making investment decisions without doing your homework.
Posted by The Money saver at 9:56 PM 0 comments
Thursday, May 24, 2007

Multibagger
PARADYNE INFOTECH: This , I think is a multibagger in the making.The company which came out with a public issue just 2 yrs back has been constantly increasing its profits for the last five quarters. Right now, the market pundits are accumulating this scrip , and once they have accumulated suficient nos, they will start throwing recommendations in the newspapers, magazines, tv programs etc. I tink this scrip should touch 200 by the year end. It is a sound investment. It is currently quoting around 125/-.
Posted by The Money saver at 4:01 AM 0 comments
Sunday, May 13, 2007

Interesting article.
There was an interesting article in the Economic times today, telling about how an investment of Rs. 30 lakhs through SIP @Rs. 25000/- per month for the last ten years in various mutual funds could have made you a crorepati. It should be an eyeopener for those crores of Indians who still stick to the post office and bank fds, as far as investment is concerned. The following is the link to the article :http://economictimes.indiatimes.com/Heres_how_to_let_your_money_work/articleshow/2039232.cms
Posted by The Money saver at 2:34 AM 0 comments