The BSE Sensex was up nearly 600 points yesterday, it’s 10th straight day of gains and 10th straight record close! The last few months have seen the market go up a couple of thousand points and it shows no signs of slowing down. However the index has also seen thousand point drops when it has risen so fast in the last couple of years. Eventually though it has always recovered and reached new highs very quickly.
I sold all my IFN in the India Funds rights offer and am waiting for dips below 50$ to buy some back. However this time around I might consider INP or FNI instead. I do own some INP already and it has given me spectacular returns. This has been an expensive year for me with travel, immigration and other expenditures, however my exposure to emerging markets is keeping me on track to meet my net worth goals for the year.