Got JNJ last month. Now I’ll chose India Fund IFN over Wipro WIT and Boeing BA October 25, 2007Posted by deminvest in funds, growth stock, IFN India Fund, India Investing, investment, Wipro, WIT.
In September I was undecided between those 4 options: Johnson & Johnson JNJ, India Fund IFN, Wipro WIT or Boeing BA: Graph
I took JNJ because of its good numbers, because it could be a safe heaven in times of markets turmoil and because I was convinced by other investor that it was the right choice. Now I have to make my October investment choice.
I think I will get IFN today. In September, I wrote: “ India Fund because I still think India has great opportunities and this closed end fund is trading at a favourable 10% discount. I called this fund a rip off when is used to trade at 30% premium, but now it is undervalued. Also IFN owns shares of many excellent Indian companies that are not available for Western investors.”
Also, among the two main economies of the future, I noticed that this year China’s stock prices have grown much faster than India’s This graph shows it clearly: one year ago India’s stock-market had outgrown China’s, so it was wise to invest on China. Now China’s stock prices have, have grown much more than India’s. Maybe even too much. So now I think it is wiser to invest on India. And this is what I’ll do buying IFN (which, by the way, is now at 13% discount).
Let the force be with me… and with India 🙂