Today i was speaking to a prospect, he was looking for personal loan and he want to invest that money in shares, since he felt markets are down and sahres are available dud cheap. He asked me for good shares where he can invest. All shares in BSE sensex are excellent buys now. Is he ready to take the risk of market coming down by another 25% in worst case. If he is ready then he can invest in Banking, Software FMCG all are available at very attractive prices. Some banking shares are available at P/E less than 5, much below their book values, even divident payout will workout to more than 5% to the investment, which is a decent investment.
Now take your calculators, go to web sites of the companies read their dividend payout for the last 5 years, see their book values, see the market price, see the management outlook then invest. Hardly it takes 1 hour to study these fundamentals.. Technicals nonsense, the best of the technical analyst went wrong, i didnot see or heard from one analyst where the market will end, every one were wrong, so you are nothing bad to him. So invest boldly now. Market will certainly grow, Indian Companies are still strong and growing reasonably, and steadly.
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