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kulman
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Joined: 02/Sep/2006
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   Posted: 01/Jul/2007 at 5:03pm |
DINKs (Double Income No Kids)
Smartcat....aren't those DINKs financially better-off than SINKs (Single Income Numerous Kids) of older generation?
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Life can only be understood backwards—but it must be lived forwards
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smartcat
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Joined: 29/Mar/2007
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Posted: 01/Jul/2007 at 5:15pm |
Definitely! But if you take a snap poll of all the DINKs and bachelors, you will find that equities/MFs get just about 5% of their salaries.
Most of the money is still 'invested' in automobiles, food, clothes, jewellery (by women) and gadgets. I feel we might have to wait for a decade or two for equity composition to increase to USA levels.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posted: 01/Jul/2007 at 5:29pm |
Most of the money is still 'invested' in automobiles, food, clothes, jewellery (by women) and gadgets
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Bilkul sahi baat hain. That's the 'domestic consumption story'...good for Pantaloons & Titans! (I can see Basant jee smiling as he reads this)
But you are right, most people do not know the basic difference between an asset and a liability! Even in USA they have these issues, don't they?
I'm suggesting that the transformation is taking place albeit slowly. Of course one shouldn't be buying stocks because this is going to happen (increase in allocation to equities by domestic investors).
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Life can only be understood backwards—but it must be lived forwards
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kulman
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Location: India
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Posted: 13/Jul/2007 at 11:57am |
The AUM for equity funds rose by 3.8% to Rs162,553 crore in June 2007.
(Source: Sharekhan's report)
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Life can only be understood backwards—but it must be lived forwards
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vkrulz
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Joined: 12/Jun/2007
Location: India
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Posted: 14/Jul/2007 at 3:55pm |
Smartcat Jee ,
While yes the younger generation does believe in spneding on conspicous consumption but every one of the 25 + generation does have some or the other amount stashed away as saving in mutual funds/elss/ulip's and the likes .
Infact I started saving at 25 (elss + ulip) and by 26 had garduated to saving in mutual funds. By 28  (too late in think) , i was into savings thru direct equity and by 29  (now) i have graduated to long term savings thru equity. But the most heart warming thing taht occured to me was when my father aged 62 now approached me for advice on saving spare cash in mutual funds after seeing my success with them and then my 23 yr old management trainee's fresh out of B schools approached me with there 4rth months salries on davice on how to go about saving in mutual funds.
It clearly points out one thing - young india is increasingly on the move and that also in the right direction.
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vkrulz
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Posted: 14/Jul/2007 at 4:00pm |
Kulman Ji and Basant Ji ,
What do you guys think about this ?
Infact despite all the great harm these so called Insurance agents and Mutual fund agents have done to the first time investing public , they are also doing some good (unintentionaly) by eduacting the general public about the wonderfull world of equity investment and that too those people (middle classs - middle income) who would have never conciously stepped into the world of equity investment
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basant
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Joined: 01/Jan/2006
Location: India
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Posted: 14/Jul/2007 at 10:27pm |
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Met Madhu Kela today in a seminar he repeated that the amount of money which stands on the sidelines to come into equity markets could be surprising. he expects Rs 300,000 crore to come in over rhe next few years.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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deveshkayal
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Joined: 04/Sep/2006
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Posted: 14/Jul/2007 at 11:52pm |
he expects Rs 300,000 crore to come in over rhe next few years.
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With these amounts coming in,how can one be bearish on India...JP Morgan should revise their Sensex target of 13,600!!
Fidelity has invested over $4 bn in India..Who is the largest FII in India???
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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