Next thing you know..some NFO may feature some college kid with male pattern baldness on the backdrop of Gandhiji & have a tagline
Edited by vivekkumar_in - 01/Jun/2007 at 12:21pm
Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
P Lynch
Joined: 01/Jan/2006
Location: India
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Posts: 18403
Posted: 02/Jun/2007 at 4:44pm
If you want your money to be allocated towards advertisements and brokerage please do invest in such NFO's!
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Why invest in HDFC Mutual Fund,invest in HDFC bank rather as Basantji mentioned...
This is the best time for fund managers as many foreign AMCs are setting up shop in India...JP Morgan,AIG..If i m not wrong Zamura too is looking to set up shop here!
"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
Well for long time I don't like NFOs but there is a point now. NFO is perfect hedge to one's existing personal portfolio. AIG is good candidate as they hired Tushar Pradhan from HDFC AMC. He has been a star performer.
Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
P Lynch
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