The markets again touched their all time highs last week. In course of the week another issue came back to the forefront of the country’s economic debate. It was the review of India’s Sovereign ratings. And, it is quite clear that the ratings upgrade is nowhere near. India’s sovereign rating…
Liquidity can create more irrationality than we can imagine. Often, investors hasten their investment process just to rid themselves of liquidity. It tends to unnerve investors who are sitting on cash and seeing a rising market. It pains them no end to be mere spectators and not an active participants. Participation anxiety…
Domestic investor confidence has risen sharply over the past two months. During this period domestic investors have gravitated even more towards equity, overwhelmingly preferring it over other asset classes. This is in contrast to their usual standpoint, where equity was the least preferred asset class. From the least preferred to…
Seasoned investors are great believers in the power of circumspection. It is the rare ability to be guarded, prudent, careful, vigilant and wary exactly at the time when one needs to be. It is not often that one comes across such investors. Mostly, they are hidden behind the veil of…
The results season has begun. The first big one was from the tech major, Infosys. The markets clearly gave a thumbs down. Infosys has not been able to provide growth. More importantly, it has been unable to promise a return to growth. But, it has been working on improving efficiency…
Investing often follows a routine. We identify ways of turning investing into a set pattern or a routine. Our choosing to invest in what has recently performed well is a good example of this approach. A routine helps every investor to organise his savings, deploy money steadily and to achieve…
2016-17 was quite an extraordinary financial year. It was spectacularly unpredictable on the macro front. Few would have predicted that the rupee would have closed the year stronger at 64.9 vs the dollar after opening at 66.36. Fewer would have predicted that the NIFTY would deliver 18.9% returns after the…
Investors in mutual funds turn to one metric when they are confused about what to do? Difficult moments in investment decision making inevitably lead to that one- stop decision making tool. Every investment recommendation draws authority from this one metric that metric is past performance. Investors draw liberally from this…