India Market is Overheating
There’s a bubble forming in India. Property Prices have risen 16% a year over the past four years, well ahead of average income. In some parts of India, the prices have doubled twice. Now that mortgage rates have increased sharply, property prices in Mumbai and Bangalore have already started to fall. The stock market is also way overvalued.
Well, unit fund investors have mentioned this long ago, but since I made so much money from India Fund, I went back to buy the fund again after selling it earlier this year, because the fund kept increasing.
However, over this few days, I’m bombarded with news from various sources about how expensive the Indian market was, so I’ve decided to sell my fund. I will only make 4% on it, but since it’s not losing money, and I’ve made some loose change, it’s good enough, since I cannot be sure when the Indian stock market will cash.
Sarah Tan – http://SingaporeProfit.com
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