30 November 2012
No the answer does not lie in PE, NPM or other such analytical mumbo jumbo that I usually expound. In India, the (part) answer lies in taxation.
If you are making a loss on a stock purchased, sell it before you reach the 365th day of holding. Book the loss in the Short Term, reflect it in your tax return and set it off against your Short Term Capital Gain. If there is no Short Term Capital Gain(STCG) that year, you can carry it forward for the next eight years i.e, you can book it against STCG of the next eight years !
However be sure to reflect it in the income tax return AND unlike me, file the return in time. If you have emotional feelings for the stock, go right ahead and buy it back the next day for the next 364 days!
What to do with a stock which has gained, is another story!
30 December 2010
12 May 2010
Of all the cliches, the pithiest that comes to mind is- the more things change, the more they remain the same.
I left the market at a Nifty PE of 23 (Index Yield 4.35%) and a 10 year bond yield of 7.35%. I return at a Nifty PE of 21.77 (Index Yield 4.59%) and a 10 year bond yield of 7.98%.
14 October 2009
Dhanteras, for the uninitiated, is the hindu festival of prosperity wherein it is auspicious to buy an asset.
So lets start this edition with the most precious of assets - platinum.
Oflate a lot of interest has been generated in India about forex trading. So Lucky presents Forex Training Free - There are a Lot of Forex Training Free on the Net, but still Not Enough posted at Forex Software Free - Indian Forex Software.
So once again wishing you a very Happy and Prosperous Dhanteras and Diwali.
22 September 2009
19 September 2009
It is the privilege of Kuberkhana to present to you the 159th edition of the Festival of Stocks. In this edition, we have for you 12 articles on subjects ranging from the tactics to strategy adopted in the stock market, a couple of research reports and a host of issues related to personal finance.
Ray @ Financial Highway presents Basics of Credit Score and Credit Report and How often to Check posted at Financial Highway.