Parchayi.com – Personal Finance Simplified

I did a quick search for Amboy and found a bank that beats even 4.75% APY. Presidential bank offers a 4.87% APY account that requires a minimum of $5000 to open, however there are no fees if your account balance falls below 5000. However this rate is only offered if your account balance is below 35000$.

I had never heard of Amboy Direct (or their parent Amboy) until I saw an ad today in Google. They offer a no fees, no minimums, savings account that offers 4.75% APY. Interestingly, I couldn’t easily find this from the bank’s main page, which offers another esavings account which is only 4.10%!! I have no [...]

The India Fund Inc. announced its rights offering on Friday. Shareholders as of 3rd of July receive 1 right per share. For every three rights you can buy one share of IFN at 95% of NAV on Aug 4. As of Friday (16th Jun), the premium on IFN was 32%. Assuming this premium stays high until Aug 4, you have a significant return for using the rights offer to buy more India Fund.

India Fund is up almost 5% despite another drop in the Indian Indices, with the BSE ending below 9000. This generally indicates a positive start tomorrow for Indian indices.
INTC and AMD, both of which I mentioned yesterday are up over 3% after analyst upgrades.
Panera Bread, unfortunately is down to 61$, but well can’t have it all go up in a day, can I?

Intel Stock has been in the doldrums for a while. I figured 19$ was a bottom and acquired some INTC making it my third largest holding. Now it is sitting just over 17$, however I am hanging on to it. Average Analyst expectation according to Yahoo Finance is $23.81. My expectation is higher. With a [...]

Target corp, one of my long term Large Cap holdings, has an average analyst price target of 62.50 according to Yahoo (it has been that much for a while now and TGT did touch $60 once). Recently Lazard Capital Markets upgraded its own target for Target to $63! Currently TGT is just under $50, a [...]

Today the Indian market (^BSESN) jumped 514 points (5.5%). A similar gain is not noticed in the India Fund Inc. (IFN), probably because it did not fall yesterday along with the Indian markets. Does mean we will see continued improvements? Well, who knows. We saw several worse down days than today is an up day. [...]

It seems I only cover IFN here, so here goes coverage for my second largest investment after IFN – Panera Bread (PNRA). Today Panera reported same store sales below the estimates from the two (yes only two) that cover the stock. This sent the stock tanking down 2% (was down as much as 4%) to [...]

The Indian stock market has taken more beatings over the last two days, sending IFN down along with it. The Indian index closed below 10000 again today and all gains since Jan 27 have been erased in just over a week.
Despite today’s 200 point drop, IFN has not similarly dropped possibly due to strangth in US markets and the fact that [...]

This is tricky question, and even trickier to answer. There are so many different answers to this question that the best answer is ‘depends on your situation’. I will try to cover as much ground as possible with focus on the long term investor who is not into active trading. If you want free advice [...]