You will never see this on any Business channel in India, but...
There has been a spectacular collapse in most major currencies against the US dollar just last month.
*-Against USD till Feb 18, 2020
Given that the INR is a highly overvalued currency, can anybody say with certainty, that the INR won't depreciate, and severely at that?
And a history of the INR shows that depreciation tends to be in violent moves, rather than orderly changes
Take a look at this table.
|
Brazilian Real |
-8.46% |
|
S. African Rand |
-7.21% |
|
Thai Baht |
-5.08% |
|
Australian Dollar |
-4.29% |
|
EURO |
-3.57% |
|
Russian Ruble |
-3.07% |
|
Singapore Dollar |
-2.96% |
|
South Korean won |
-2.91% |
|
Canadian Dollar |
-2.60% |
|
GB Pound |
-2.26% |
|
Mexican PESO |
-1.80% |
|
Japanese YEN |
-1.09% |
The net result is this: in US dollar terms, the Indian stock market has delivered abysmal returns over the past several years.
Around 2% CAGR over 5-6 years
Around 0% over 10 years
Now that is quite a shocker, isn't it?
At First Global, our Mantra, since the past 23 years has been global diversification of investments and ideas
Because it is only through Global diversification that you can avoid SCCARS (Single Country Single Currency Single Asset Risks)
From the desk of
Shankar Sharma & Devina Mehra
Want to open your PMS & Global Investing account with us? Email us on [email protected] and we will get you started super fast!!
Economists Think Dollar's Fall May Explain the Recent ‘Rally’ by Steve Liesman
Einstein taught us about relativity in nature. Now come Devina Mehra and Shankar Sharma of First Global to teach us about relativity in financial markets -- and raise some serious questions about just what is driving stock prices.
First Global reports are quite credible and, on occasion, more than that.
What prompts this mention is Intel's earnings report and the fact that First Global has had a pretty good bead on the company and its stock.
AMD up again following First Global upgrade to ‘buy’ (AMD) By Tomi Kilgore
Analyst Kuldeep Koul at First Global upgraded Advanced Micro Devices (AMD) to "buy" from "outperform," given the "exceptional traction" that the chipmaker's Opteron line of processors has been able to get.
Baidu Climbs on First Global’s ‘Outperform’ Outlook
Baidu Inc., the operator of China’s most-used Internet search engine, rose to the highest price in two weeks after First Global rated the shares “outperform? in new coverage.
Personality counts: Walmart's frugal, but Target charms
"It's better to take a slight hit on [profit] margins and keep on moving and inventing," says First Global Securities. And at least for now, Target is inventing in a way that appeals to consumers with money to spend.
Dead Batteries
At 11 times trailing earnings, Energizer is cheaper; Gillette's multiple is 25. But cheaper doesn't mean better, says First Global.
Bipinchandra Dugam @bipinchandra90
@devinamehra @firtglobalsec
invested in both GFF-GTS and Super I50. Thank you very much for such wonderful investing experience with completely new approach. In my 15years of investing first product I felt which close to what customer want.
Shishir Kapadia @shishirkapadia1
@firstglobalsec @devinamehra
by far you are the best, I have not come across transparency, acumen, global expertise, exposure, protection of capital, delivering return from any fund/ fund managers. Invested very small size in 3 products will keep on increasing it over the period
Copyright 2019, All Rights Reserved. Developed By : Hvantage Technologies Inc. Maintain By : Aarav Infotech
