A very nice article in Yahoo
To summarize, be careful on equities in the near term.I think instead of (100-your current age) allocation in equities, it is better to put 85% in safe instruments and take risk with 15%
As I expected, the budget had nothing much to offer. With the growing fiscal deficit, i did not think the tax rates would be brought down much.I also expected the infrastructure spending and disinvestment of public companies to be on the higher side.It was a disappointment.
The Indian markets crashes a lot as they expected a lot in the budget.If the market crashes below 12K etc, i think it is a good time to re-enter in a small way.
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