Slump in sales of Underwear
Posted By: Admin
Yes Economic Times ( 16th August) reported this news..
It must really be bad times facing the Indian economy.. if the sales of underwears has dropped to a multi year low, it is the last straw on the camels back… first it started with the news of economy slowing down.. then the news spread quickly to industries slowing down.. then came the news of the slow down in the auto sector.. now this. We believe the solution to this is not within our hands and the best minds in the govt and industry are already looking into it. But as they say, every dark cloud has a silver lining, in fact we have two in the Indian investment context currently.
- Debt investments is looking interesting, be it an accrual fund or a Non Convertible Debenture (NCD), not that they weren’t interesting earlier.. but now they are more interesting due to the slump in the economy and the equity markets as well. With the govt intent on cutting interest to spur credit and growth, we expect that the accrual funds ( Mutual funds) would generate handsome appreciation going forward in the next 12 months.
- Equity markets are down, so is your portfolio and mutual funds.. but this gives you the opportunity to spring clean your portfolio to bring a greater focus on growth that can happen when the markets rebound. I dare say it is not a time to be out of your equities but certainly a time to revisit your investing assumptions and replan/ restrategise your investment plan over the next 5 years. So identify the silver lining in every dark cloud and focus on making the most of the silver.. it will take your mind off the dark cloud as well. Before you know it the dark cloud also will give way to bright sunshine.