Thank you everybody replying on " RRSP SUCKS"
I am still confused and but in my opinion Mutual funds are not generating enough return in Canada. Managing company or Financial advisor or Sales person is making money upfront and you are looser from the begining.

I agree India is a better option to make money and I don't know how do we trade or buy shares sitting here. Somebody told me that I have to go to India & open account in HDFC or ICICI bank to trade shares. Indian bank doesn't consider online opening of account and you have to go personally and sign infront of Bank officer in India.

To go to India and open an account will cost me a lot and after hearing stories of Real " Bunty & Babli" in India is scary. I thought it is not safe as we are here in Canada.

I was a great fan of Relience & L&T & Telco shares but after coming to Canada, I lost the touch with Indian Market and becoming fully Canadianise.

I have great faith in US Market too because I remember it was dull in 90s and after WINDOWS 95 it changed the secenerio of US market. Presently it is dull but they will turn the table in near future.

Any way we will discuss more in this forum about Investment and any advise is welcome.

Kam

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I agree India is a better option to make money and I don't know how do we trade or buy shares sitting here. Somebody told me that I have to go to India & open account in HDFC or ICICI bank to trade shares. Indian bank doesn't consider online opening of account and you have to go personally and sign infront of Bank officer in India.
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Nope, you can open 3 in 1 account with ICICI direct.com sitting over there, just check out in their home page, it takes 3 weeks to open.

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I was a great fan of Relience & L&T & Telco shares but after coming to Canada, I lost the touch with Indian Market and becoming fully Canadianise.
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All these 3 stocks are still great, specially after demerger Reliance will be better. Infosys, Satyam last year gave a return of around 50%, Reliance almost 30% plush the additional stocks awarded to the investor due to split up of the assets between Anil and Mukesh. I would suggest to invest in Blue chips only. I give you one example - Assam Co. at the biginning of the year was quoting 19 Rs. /share, once they struck oil it reaches to 300 per share within 4 weeks and that was enough time to buy shares online and resale it, we all gained, though it was not bluechip company, similar is example of Microtech. There are so many info. channel, you can keep an eye on the market what is good or bad e.g. Equitymaster, sharekhan, moneycontrol and many more. India will be a bullish story in 2006 and 5-6 years to come after that it depends on our Goverment policy specially if Lefts are left out.

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I have great faith in US Market too because I remember it was dull in 90s and after WINDOWS 95 it changed the secenerio of US market. Presently it is dull but they will turn the table in near future.
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US / Canada and European Markets are laggards compared to India and China, just compare the GDP growth rate from 2 to 8 %. India will be safe bet for next 5 - 6 years.

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New Guy
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We can always do better!

I have primarily multiple mutual fund investments through Canadian as well as US mutual fund institutions. I have given my returns over a 7 year investment period. The percentages are returns specifically for my portfolio and not data from published annual reports of mutual fund companies. That is, I track my portfolio using Quicken software.

In the past 1 month - return - Low: 3.90% High: 6.54%
In the past 3 months - return - Low: 11.22% High: 15.50%
In the past 12 months - return - Low: 41.78% High: 54.32%

Average 3 year returns - Low: 11.36% High: 19.58%
Average 5 year returns - Low: 7.60% High: 10.26%

Low indicates the mutual fund that gave the lowest return among the several in my portfolio and high the mutual fund that gave the highest returns.

The five year returns reflect the effects of steep decline during the bust of 2001 and 2002.

Examples were provided in the previous post of 50% return over last year by Infosys and Satyam. I too saw high returns over 1 year period in my portfolio (41 to 54%). However, have these Indian companies and/or Indian mutual funds demonstrated sustained returns of that magnitude over, say, 3, 5, 7 or 10 years? In other words, on a long term, how have the Indian companies fared compared to the NA markets? Any past experiences?

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Dimple2001

Quote:

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Orginally posted by Desi Raja

Hello Members,

why not we start thinking about an " Investment club ".

I am sure there are lot of people with good investing Knowledge / experience . I happened to see this with every community.

Pls advs if this is a good idea.

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Dimple2001

This is really a positive discussion and let's continue to share ideas on Investment.
I will try to open online account through ICICI and see the outcome.
If any body of from our group is using ICICI or HDFC then please advise. Which one is better.
Now I am really thinking to invest in Indian market again and if we trade sitting here then it will be wonderful.
Real Estate is another option with Rental property investment on long run.

Kam

I personally prefer ICICI over HDFC, more over for tax returns they have digital notes facilities. Online trading facility was slow initially but it has improved a lot. Sharekhan also good trading site but ICICIdirect .com is more reliable becasue of its management in India, unlike Toronto chapter.

Even it is easier for me transfer the profit as and when required to ICICI Bank Canada online, last time it took only 3 days without commission and exchange rate was good enough and compatible with the market rate.

Yesterday Infosys result came out, it was quite impressive YoY andat the present value of Rs. 2970/- it will for sure touch 3400 per share this year. I am just giving an example so that you can verify in months to come that if you are selective in stock investment in India, really you can make money, though dividend earning record is not good enough, in my experience, with Indian companies.

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New Guy
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We can always do better!

Interesting discussion indeed.

All along I was under the impression that the NRIs from countries other than those from the Middle East can only trade in an off-line mode. And in order for an individual to open an online trading account, he must provide IDs to prove that he currently resides in India.

I would greatly appreciate if someone can provide me the info on how to open an online trading account sitting here in Canada.

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Man's Best Friend