A few weeks back when I started this blog, I firmly believed that the worst was over and it was time to get some returns. How wrong I was. Portfolio has dived by another 10% in last two weeks.
I am contemplating buying Tata Motors bonds at discounts of 50%+. Some bankers tell me Tata Motors is already insolvent and it's only a matter of time... If companies like Tata Motors will go belly up, it will be a catastrophe. With the elections looming and public goodwill in short supply, no political party can afford it. Perhaps the risk is still very much worth the return.
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