Where to invest salary in current economic situation?
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Markets are at ATH and not many good stocks ar avaialble at cheap prices.
Which instrument is good as of now and share your ideas as to where you are planning to invest?
I was thinking a bit of PPF, arbritrage funds (largely due to it being classified as Capitals gains, so it will attract lower tax rate) and some opportunistic stocks.
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XPO (pm me for details)
How chartink scanner works :-
1. Here 1st Line (daily open greater than 30) denotes to stock price that is price should be above 30.
2. Second line volume greater than number 100000 that is to filter out low volume stocks.
3. Market Cap greater than 10000 Crore which is the current market cap of these stocks.
4. Weekly close of less than 0.85 that means stocks that are trading 15% or below from 52-week high.
5. Ema Greater than 200 This will list only those stocks that are trading above 200 Exponential Moving Average
Any more lines can be added to the scanner based on the preference.
Results are available on the below URL
https://chartink.com/screener/stocks-within-20-...
You can change any parameter based on your investing style this is just I gave you an example to shortlist the stocks like if you want to see small cap stocks in this list you can change market cap from 500 to 10000 crores instead of above 10000 crores. Also do check quarterly result from screener.in.
@Demon_slayer @bikidas2060 @Dastro @amdoinggood123 @kukdookoo
This should give companies that are in the large and some midcap space that are trading well below their weekly high. Right?
If you don't mind I have a couple of questions.
1. What is the reasoning behind the number, 0.85 in point no. 4?
2. When would be the ideal time of the day to run this scanner?
3. How to choose which company to invest from the list the scanner produces?
Thank you for the detailed answer.
These stocks are at decent/low levels, and very low risk if you're considering a long term horizon:
- asian paints
- bajaj holding
- bajaj finance
- sbi card
- hdfc bank
- kotak bank
- hdfc life
- idfc first bank
- IT index
- Page industries
WIPRO
HUL
UPL
ITC
HDFCBANK
if you don't want to invest in stocks or equity mfunds then you can go for any or mix of:
- liquid funds (better than fd/savings)
- equity saving funds (this is not elss)
- hybrid balanced advantage funds
Which liquid fund?
if stocks/ mutual funds are not safe now then invest in a RD.
Once you have a lumpsum - invest in a mutual fund when you see a good entry point
Just go with the flow and invest REGULARLY AND NEVER STOP, invest in top as well invest in bottom.. just keep investing and then nothing to worry (in any asset class you know the best)
dont check price every day lol xD thats the key to success
Wait till election results June 5 if you are a short term investor.
When in doubt go with index funds - sure growth will be slow sometime but you will never know, the market might hit the ceiling anytime.
Or give yourself an out and put your faith in a fund manager and invest in flexi funds.
They usually are adept at playing the field during uncertain times.
With salary, SIP is your best friend. Not many will understand, until you see the growth after a year of SIP.
Can you recommend an index fund?
Advisors and Gurus have been saying the same thing from last year or so. Instead of correction nifty has gained around 25%. No one knows when what will happen . If you are doing SIP keep continuing that. Sleep peacefully. In long term India economy will boom. If your goals are short term or nearby you should look at high quality debt funds.
Can you make a post on how one can do that? Sure will be appreciated by many!
anything can happen to make the market go negative/bloodbath, especially with Israel-Iran tension so all days are risky and the main foreseeable risk for Indian markets is the election results on June 4 which is hardly a month away so better to take entry or plan for stocks after the results and ideal would be mid of july as top companies' Q1 results would be out by then and stock volatile movements (during quarterly results date etc) should be settled by mid July..
Diversify in SIP , thats what I am doing so I dont have to worry about choosing stocks to invest or worry about risk.
Same question
Same question.
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Invest in Individual good fundamental stocks which are not at ATH in a staggered manner. You can filter out those stocks on chartink website.
How chartink scanner works :-
1. Here 1st Line (daily open greater than 30) denotes to stock price that is price should be above 30.
2. Second line volume greater than number 100000 that is to filter out low volume stocks.
3. Market Cap greater than 10000 Crore which is the current market cap of these stocks.
4. Weekly close of less than 0.85 that means stocks that are trading 15% or below from 52-week high.
5. Ema Greater than 200 This will list only those stocks that are trading above 200 Exponential Moving Average
Any more lines can be added to the scanner based on the preference.
Results are available on the below URL
https://chartink.com/screener/stocks-within-20-...
You can change any parameter based on your investing style this is just I gave you an example to shortlist the stocks like if you want to see small cap stocks in this list you can change market cap from 500 to 10000 crores instead of above 10000 crores. Also do check quarterly result from screener.in.
@Demon_slayer @bikidas2060 @Dastro @amdoinggood123 @kukdookoo
This should give companies that are in the large and some midcap space that are trading well below their weekly high. Right?
If you don't mind I have a couple of questions.
1. What is the reasoning behind the number, 0.85 in point no. 4?
2. When would be the ideal time of the day to run this scanner?
3. How to choose which company to invest from the list the scanner produces?
Thank you for the detailed answer.
Yes since I have mentioned market cap above 10,000 crores so these are midcap and large cap. If we just wants to restrict to midcap only we can add one more line less than market cap 50000. For small cap we can use 500-5000 crores.
1. There is a value of 1. So .85 denotes here approximately stocks that are 15-20% down from 52 week high. if we use .80 that will be like 20-25% down from 52 week high. Also you don't want to invest in a stock that is too much down why to chase laggards?
2. The ideal time to run would be whenever there is 10% or more correction in index that is nifty.
3. Selecting the stock will depend on multiple factor like how you want to diversify the portfolio among various sectors like banking, consumer goods, manufacturing, defence, railway, chemical & few others. And then small cap, midcap or large cap. You don't want to add stocks only from 1 sector. Also when you check quarterly results of companies on screener.in that should also helps you narrow down the list. Also pe ratio.