Amboy Direct
I had never heard of Amboy Direct (or their parent Amboy) until I saw an ad today in Google. They offer a no fees, no minimums, savings account that offers
India Fund Inc. Rights Offering > 32% Return
The India Fund Inc. announced its rights offering on Friday. Shareholders as of 3rd of July receive 1 right per share. For every three rights you can buy one share of IFN at 95% of NAV on Aug 4. As of Friday (16th Jun), the premium on IFN was 32%. Assuming this premium stays high until Aug 4, you have a significant return for using the rights offer
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India Fund?? Intel Corp. & Advanced Micro devices
India Fund is up almost 5% despite another drop in the Indian Indices, with the BSE ending below 9000. This generally indicates a positive start tomorrow for Indian indices. INTC and AMD, both of which I mentioned yesterday are up over 3% after analyst upgrades. Panera
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End of a losing Streak for India?
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
India Fund Inc. Once More
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
How to Pick Mutual Funds – Part I
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
Small Monthly Investments Howto
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
Citibank’s New 4.75% Savings Account with Deception
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
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More on IFN and India
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
Another big drop in Indian markets
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.