May 23, 2013 2 Comments
Have you ever wondered how local interest rates compare to those abroad?Here is the link to satisfy your curiosity.
For Whom Wealth Matters
April 28, 2013 Leave a comment
Google Trends, a tool that looks at patterns of searches on the internet, is a potential money-spinner for investors as it provides hints of impending stock movements according to a study led by Tobias Preis at the Warwick Business School in England .The researchers analysed data from Google Trends from 2004 to 2011.They looked at the volume of searches for 98 terms, such as “metals”, “stock”, “finance”, “forex”, “house”, “unemployment” and “health” as well as non-specific or neutral words, such as “ring”, “train”, kitchen” and “fun”.They then constructed a virtual portfolio of investment in the Dow Jones Industrial Average (DJIA), with a strategy based on search volumes that occurred on Sundays.If the search volume that day was high compared with a week earlier, the DJIA investment was systematically sold at the closing price the following day, and then repurchased at the end of the first day of trading in the week after.Conversely, if the search volume on Sunday was low compared with the previous week, the researchers “bought” the following day.Using the keyword “debt” – the term that saw the most fluctuation during the study period – the strategy netted a whopping cyber-profit of 326 per cent over seven years.By comparison, a strategy of buy-and-hold – purchasing in 2004 and selling in 2011 – would have yielded only 16 per cent profit, equal to the rise in the DJIA during this time.A third strategy, of buying or selling on the basis of movements in the Dow itself, would have netted a gain of 33 per cent.The results suggest that, following this logic, during the period 2004 to 2011, Google Trends search query volumes for certain terms could have been used in the construction of profitable trading strategies. Read more of this post
April 26, 2013 1 Comment
Both investments have an 8 percent average annual return. But Investment #1 has a wide range of returns, while Investment #2 has a stream of returns that more tightly hug the average annual return.
If each of the points on the charts represents a monthly return and both investments achieve the same end result, which investment should you choose?
The answer: Investment #2 — the one with the tighter distribution of returns since it gives you a higher probability of achieving a higher return. Read more of this post
April 25, 2013 Leave a comment
|Sr.No||Valuation Year||Whole Life Plan||Endowment Plans|
Now go ahead and project the most likely returns on your insurance policies.
April 2, 2013 Leave a comment
Normally I ignore anything to do with the IAC, AAP and Arvind Kejriwal but comments on the YouTube CobraPost Videos drawing parallels with HSBC got me googling to see what all the noise was about.
Following are the statements of three people who had opened accounts in Dubai, Zurich and Geneva with HSBC Bank,given when they were questioned under Section 132 (4)/133A of the Income Tax Act, 1961: Read more of this post
April 1, 2013 Leave a comment
It took me a while to watch this series of videos from Aniruddha Bahal. If you are inclined to watch them,the links to the public videos are available below. But be warned that they get repetitive after a while.
So what do you think?Have you similar experience either as a customer,financial intermediary or banker? Read more of this post
March 23, 2013 2 Comments
If you thought that by ensuring that you kept your money in scheduled banks only and in a way that the deposits were fully covered by deposit insurance, your money would be safe,think again.
Its not impossible that what is happening in Cyprus could happen to you too.You can catch up with the Cyprus story here:Link
Apparently this is not the first instance of a deposit levy.Here are some other examples:
1.In July 1992 Italy’s Socialist Prime Minister Giuliano Amato imposed a one-off levy of 0.6% on bank accounts.And again there are calls to repeat the action in Italy to tackle the national debt. Read more of this post