Re: Never
by subra on Jul 24, 2012 06:48 AM
You get better returns in recurring deposits.Mutual funds are for the fund manager's to make money.dont get fooled by this paid news in all economic journals.
Re: Never
by sudhir kumar on Jul 24, 2012 09:32 AM
Narendra, I am even surprised that you got 6k profit after investing in 2007. market was at peak in 2007, any one who invested then has lost money. I went through SIP from 2008 to 2009 and returns are doubled as my SIP went through 2009 lows. High return always comes with high risk. If you dont want mutual fund go ahead and invest in Gold ETFs or even a recurring FD. Even I am waiting for a long term FD like if there is any bank that offer over 10% for 5 or 10yrs I would immeditely move 30% of my investments here as in long run interest rates should fall. I sold 35% of my stocks, mutual funds in 2010 and moved to Gold at Rs.1850per gram. I made good profit and been selling gold and stil hold 20% of my investments in gold. If we go with the heard of ppl we are most likely to suffer. 2007 was not a good time to buy MF or stock but everyone recommended and bought it. Market will give lower return than FD now and everyone hates stock market. This is the right time to buy good stock and invest in SIP. Disclaimer: I m just another salaried employee like you and all want to do is earn money and get rich.
Re: Never
by sudhir kumar on Jul 24, 2012 09:35 AM
To add to this never buy those money back LIC or ULIPs. Buy only medical or term insurance with one time payment.
invest your money in MF. I made a small investment of 25000 in 2007 when BSE was running around 15000 points, but after 5 years I got in return 31000. Whom to blame except myself for falling prey to these type of articles.
Today, land is the best place to invest. History has proved this everytime. Those who are interested in investing in land can contact me on ganesh at luckybricks dot com
Note the following things - 1. Decide your priorities and choose insturment to save money. 2. Do not invest in Mutual Funds or SIP or ULIPs. They are in the business of money making. Fund managers get salaries more than 50 lac per month. From where this money comes? 3. Invest in Bank FDs, Company FDs for short periods ranging from 1 year to 5 years. 4. Do not buy LIC policies also if you are working with good organizations, your death coverage is already secured by good organizations. Do not invest in LICs for yourself. You can have LIC policies for your spouse and children. 5. Put money directly in shares - On your own. If you feel that you may get more through stocks, put a small amount of 50K to 1Lac in stocks directly. Do not go with mutual funds, rather do your own study and make your own portfolio. 6. Buy gold but not for savings - Buy coins of Gold, use them when you need to prepare ornaments. Do not consider gold as a saving option. If you think it's a good savings, check what rates are offered by Gold smiths when you try to sell them. 7. Try to invest in Land/Real Estate - Look for 1BHK or small plots and try investing there. This is tough but will return a lot. If you can invest 5 lac and with the help of a loan of another 5-10 lac, go for a plot or 1bhk flat. Hold it for 5 years and sell it to earn good profits. 8. Go for work permit or permanent residency visa with Australia, Canada, NZ, etc. This is the best investment.
Re: Never invest in mutual funds
by rajendra on Jul 25, 2012 12:04 AM
Not agree all your point. 1 . yes first decide your priorities. 2. Everybody doing business, pls check out all fund house are Bank promoted. Fund manager make 50 lacs because they deserved, you can try to join as fund manager 3. I tell some bank also bankrupt , some Company FD's not paying in time interest and also your deposit. 4. Means you suggest buy LIC policy for spouse & childern. means you are claim holder. 5. are you stock broker. if any purchase stock @300 and now trading @ 15 who you earn (example - Koutons) 6. Gold use for hedge against inflation. 7. If investor invest monthly 5000 can they buy flat. they already have one residential flat. 8. If all people go to Abroad then who read this suggestion.
In my openion we should not go for mutual funds am mostly putting your money in shares and you have not control over there for 3 years.Meantime NAV WILL COME DOWN TO 5 OR 6AS IN MY CASE AFTER 6 YEARS IT IS 5.5.BETTER YOU INVEST IN BONDS GIVING 13 FIXED INTEREST OR PUT YOUR MONEY IN GOOD SHARES LIKE ANDHRA BANK OR SO
Re: Re: mutual funds
by SVSChandraSekhar Nallapati on Jul 23, 2012 01:21 PM
agreed, i have in 2 MFs each worh 10k and even 1 year after the locking period, 1 MF is around 8.5 k and other is around 9k. MF = Utter wate of money
Re: Re: mutual funds
by sudhir kumar on Jul 23, 2012 04:38 PM
I have benefitted from mutual fund. I have around 6 funds and 4 of them are in profit and 2 are about the same as I bought. apart from these 6 i have exited 2 mutual funds in profit. Now is the right time to go for SIP when market is falling. Averaging concept will work well. 2 SIPs that I have not made money were started last year. If recession comes its time to invest more in SIP. Mentality of ppl is 'When its happy time they think they will remain happy for every, when its bad time they think world will come to an end'. Depending on your age take risks especially in inda.
Re: Re: Re: Re: mutual funds
by sudhir kumar on Jul 24, 2012 09:23 AM
Subra, Just bcos u disagree with me u cant accuse me of something I am not.Stock market investments always comes with a disclaimer, it is no place for the weak hearted. Most of us dont even understand and invest with a greed listening to a fund manager or a friend who tells you can fly with your bicycle. Diversifying with value buying always pays in the long run. most of us dont even understand basics of investing and its risks. From 4000 levels sensex grew 4 times to 17000 from 2003. It wil cross 50000 by 2020. Buy stock for cheap wait and we will all win.
