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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
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Posts: 9319
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   Posted: 30/Aug/2009 at 11:54am |
Originally posted by tigershark
... time to change your ID from smartcat to TOPCAT  |
Yeah, true.
Some cats are real supercats. Watch this video here.
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Life can only be understood backwards—but it must be lived forwards
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9StockPortfolio
Senior Member
Joined: 10/Sep/2008
Online Status: Offline
Posts: 479
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Posted: 31/Aug/2009 at 1:30pm |
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I would invest in the child itself. give him good value, moral education. I give him good academic education. let him differentiate between good things & bad things. Let him learn the importance of earning money.
I remember my grand father saying that quality education & support to your children till 18 yrs is their birth right. We should at least give that. Let them start their own journey.. we will be there in case any help is required.
So i would suggest hat do not invest that money for your child. invest it as is it's your another chunk of money, whenever your child wants to start a business or want higher studies, Invest it in him.
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Pursuit of Value
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 31/Aug/2009 at 1:43pm |
Originally posted by 9StockPortfolio
I would invest in the child itself. give him good value, moral education. |
Wow! One of the best posts on TED.
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Life can only be understood backwards—but it must be lived forwards
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samirarora
Senior Member
Joined: 11/Jan/2009
Location: India
Online Status: Offline
Posts: 1037
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Posted: 31/Aug/2009 at 1:47pm |
Originally posted by 9StockPortfolio
I would invest in the child itself. give him good value, moral education. I give him good academic education. let him differentiate between good things & bad things. Let him learn the importance of earning money.
I remember my grand father saying that quality education & support to your children till 18 yrs is their birth right. We should at least give that. Let them start their own journey.. we will be there in case any help is required.
So i would suggest hat do not invest that money for your child. invest it as is it's your another chunk of money, whenever your child wants to start a business or want higher studies, Invest it in him.
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I get what you mean, but please take for granted, that all of the above is already taken care of.. no expense is being spared on schooling and clothing and all other expenses that a child has, childrens plans have been taken by hdfc, bank accounts are there... all accessories are there and now the father thinks he can put 5 to 10 lakhs in equity for his children, it can be taken for granted that the father has the money to do it, after everything is taken care of.
The question of what stocks to buy for a child until he/she is 20+ of age is not a moral or ethical one, but completely unbiased view of specific stocks.
Hence, only stock specific replies would be of any help within the scope of this thread.
Best wishes,
samir.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 31/Aug/2009 at 1:53pm |
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only stock specific replies would be of any help within the scope of this thread. |
Ooops. So i'm disqualified here.
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Life can only be understood backwards—but it must be lived forwards
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samirarora
Senior Member
Joined: 11/Jan/2009
Location: India
Online Status: Offline
Posts: 1037
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Posted: 31/Aug/2009 at 2:01pm |
 Not at all, you are not disqualified....its just that i am very seriously considering doing what i asked here, and wanted to take some help from TED before I took the plunge...i thought it would be a good idea to take the help of the collective wisdom and also, the thread might be of some help to some others hence while all posts are welcome (not that i am anyone to welcome or unwelcome any post) but also some query related posts also would be nice
Apologies if i came across any other way.
best wishes,
samir.
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hit2710
Senior Member
Joined: 15/Jun/2009
Location: India
Online Status: Offline
Posts: 4013
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Posted: 31/Aug/2009 at 2:15pm |
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The following would be my picks for such long duration
ITC
GILLETTE
BLUE STAR
HITACHI
CHENNAI PETRO
FEDERAL BANK
MAX INDIA
IDFC
CIPLA
TITAN
All the above stocks based on current prices.
If permitted, I would like to add some sort of SIP in Reliance, Infosys, HDFC, HDFC Bank.
Companies we select should be around when the child turns adult and should not do vanishing act.
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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samirarora
Senior Member
Joined: 11/Jan/2009
Location: India
Online Status: Offline
Posts: 1037
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Posted: 31/Aug/2009 at 2:16pm |
yes.. it is imperative that the companies are around after say 20 years.. thats for sure!!! 
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