indian stock reco - Have i missed the bus; can i catch a running train??

Most of the people with investible surplus funds in fixed income securities seeing the newspaper headlines screaming that the Sensex is hitting all time Highs would be wondering whether this is the right time to enter the stock market;

The following will help to guide them

• Invest for the long term
• Invest only that amount the loss of which will not unnerve you
• Fixed income securities carry the least risk and hence the return are the least
• Invest after your own analysis and understanding; not on tips
• DOnt put your money in Penny stocks
• Dont get wedded to your stocks forever; take profits in the stocks that gave u favourable returns; or get out of stocks (in which u realise by hindsight the mistake of investing) with appropriate stop losses

" Food for thought" on Stock Prices

There is no “high” price or “low” price of a stock. There is only the “market” price of the stock nor any price too “high” for you to buy or too “low” for you to sell.
(ii) In isolation, price of a stock is not relevant. What is important is whether a share is “underpriced” or “overpriced”, overvalued or undervalued.
(iii) We do not invest in Stock Market Index; nor in Stock Market; nor in individual companies. We invest in a stock at a price at the correct “time”.
(iv) You can’t control the “market” nor the individual stock prices; but you can control your “reaction” to the market.
(v) Intelligent investing is knowing “what” to buy; smart investing is knowing “when” to buy.
(vi) Your profit is determined by your purchase price and not your sale price. Timing your purchase is important.
(vii) Don’t ask the price of the stock, ask what is the worth of the entire company to know whether the stock is worth investing.

Here is the list of stocks ( I will be adding to it periodically ) which first timers may consider for investment at these high levels too ; Invest periodically averaging your cost price if the scrip moves down

1) TCS

2) GACL

3) ITC

4) BHARAT FORGE

5) WOCKHARDT