Today the Indian market (^BSESN) jumped 514 points (5.5%). A similar gain is not noticed in the India Fund Inc. (IFN), probably because it did not fall yesterday along with the Indian markets. Does mean we will see continued improvements? Well, who knows. We saw several worse down days than today is an up day….
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It seems I only cover IFN here, so here goes coverage for my second largest investment after IFN – Panera Bread (PNRA). Today Panera reported same store sales below the estimates from the two (yes only two) that cover the stock. This sent the stock tanking down 2% (was down as much as 4%) to…
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The Indian stock market has taken more beatings over the last two days, sending IFN down along with it. The Indian index closed below 10000 again today and all gains since Jan 27 have been erased in just over a week. Despite today’s 200 point drop, IFN has not similarly dropped possibly due to strangth in US markets and the fact…
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This is tricky question, and even trickier to answer. There are so many different answers to this question that the best answer is ‘depends on your situation’. I will try to cover as much ground as possible with focus on the long term investor who is not into active trading. If you want free advice…
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One very often asked question, especially by young and new investors is how to invest small amounts of money in mutual funds. Most mutual funds have an entry point that may not be easily reached of a few thousand dollars. Even if you can invest a few thousand dollars, it is diffcult to diversify because…
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I just happened to see a Citibank ad on Bankrate.com advertising 4.75% APY and went on to check it out. So I clicked on the link and was taken here. This page states – “Introducing the e-savings account with FREE Citibank EZ Checking”. Yes the FREE is in capitals on the site. Under the 4.75% APY, the Ad states – “No minimum balance required”. It…
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Shares of The India Fund Inc. dropped 10% today after the Indian Stock market took another beating. The Indian stock market started up about 600 points, however it quickly dropped over 10% causing the markets to shutdown for an hour. The Finance Minister urged investors to stay invested in the market citing no change in Indias…
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The Indian stock market dropped another 4% falling below 11000, after yesterdays 6% drop. What does this mean for India Fund Inc. holders? Well it probably means another drop today. Yesterday, I said it might be time to get into IFN, well today might be even better than yesterday to get in. I would also…
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Have some spare money? Want better rates than savings accounts? Are willing to take on some more risk with it? You need to check out Prosper.com. Here is how it works: “Borrowers create loan listings for up to $25,000 and set the maximum rate they are willing to pay a lender. Then the auction begins…
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Here are some stocks and Funds I follow because I own some in real life and some in my mimf contest portfolio: IFN – The India Fund Inc. PNRA – Panera Bread TGT – Target INTC – Intel WB – Wachovia GSK – Glaxo GOOG – Google AAPL – Apple NSANY – Nissan The other funds I own are index…
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