Mr. Amar is 30 year old, newly married and a successful actor in the Indian film industry.
Question:
Mr. Amar is 30 year old, newly married and a successful actor in the Indian film industry. Right from his struggling days, Amar always saved a part of his income and invested in safe instruments like fixed deposits. However, during the internet boom in the late 90s and early 2000, he successfully invested in equities and mutual funds. Amar thought that he was always well-diversified but when the internet stock bubble burst in 2002, Amar lost a majority of his stock portfolio. A major mistake he made was that even though he was diversified, he invested only in tech-stocks. Amar has always had a penchant for technology from his young age and thus he usually ended up buying tech stocks and funds. Currently, Amar suffers from the snake-bite effect and thus he is not willing to participate in the equity market at all. Amar, now misses the high returns that his portfolio had earned during the internet boom days. He has come to you to seek your suggestions to help his portfolio generate higher returns.
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill