April 20, 2013 2 Comments
For Whom Wealth Matters
November 16, 2012 4 Comments
Here is something interesting ,on the NRI condition, I came across here.I thing its worth a read.
RAM KRISHNASWAMY writes from Sydney, Australia: Two years ago, I attended a reception for a Union Minister who had come to Sydney to make a big speech asking all NRIs to invest big in India and to attend the annual NRI yatra that was to be held at Bombay.
The Minister was expecting NRIs to queue up and pledge millions if not billions as was done by some Indians in Hong Kong and South Africa. He was most disappointed with the NRIs in Australia.
When question time came, the audience were suggesting to the Minister that for them to come to India to attend the meeting, they needed reduced fares in Air-India as well as freeaccommodation in Bombay! Read more of this post
October 19, 2012 2 Comments
If you have a ladder of fixed income instruments or are looking to take on debt,it helps to be able to have a feel for the interest rate cycle.I came across come interesting inputs to help in this effort in yesterday’s newspaper.
The chief takeaways of this article are:
1.By watching the long-term investments in infrastructure,maybe 10-15 years into the future,we can call the GDP growth rate.At present it is likely to be 5-7 %.
2.The current RBI governor has commented that the potential growth output frontier has shrunk to about 7.5%.
3.During the growth phase of the business cycle,when the growth reaches,85% of the capacity,which is about 6.5% growth,RBI will likely apply the brakes.
4..The business cycle time period has reduced from a previous 7-8 years to 1.5-2 years.
September 11, 2011 2 Comments
This is a BBC documentary I watched on Saturday on the internet.It was aired in India a few days ago. My friend Avishek Jha saw caught it on TV and was pretty insistent that I watch it.
This BBC documentary seems to have been made a couple of years ago and has probably been aired in the UK ,before being broadcast in India.So my apologies to my UK readers for re posting old stuff.
This documentary focuses more on Warren Buffett, the person,the manager,the entrepreneur and the philanthropist rather than just the investor .I think the movie is worth watching and at least I came out learning a couple of new things about the man.Here are the links to the documentary.Happy Watching!
September 6, 2011 45 Comments
Personally I admire Dhirubhai Ambani’s way of not letting other people circumscribe his dreams.I believe that if a person can dream up something he/she can do it.It may take time and effort and persistence but its not impossible. Personally I believe dreams are worth fighting for because they are a representation of out truest self and out innate abilities.Anytime I have self doubts I find that reflecting on incidents from his life gives me courage.After all life has not tested me in the way it did him.And anytime anybody tells me that something is undoable in one lifetime I just tell myself to see how far Dhirubhai came in one lifetime.Following are some quotes from the great man.Use them to spur you on in life.
“Only when you dream it you can do it.”
“For those who dare to dream, there is a whole world to win!”
“I, as school kid, was a member of the Civil Guard, something like today’s NCC. We had to salute our officers who went round in jeeps. So I thought one day I will also ride in a jeep and somebody else will salute me.”
“I am deaf to the word “no”.” Read more of this post
July 11, 2011 3 Comments
MIPs are hybrid debtoriented mutual fund products.They are great places to park money if you have a 2-3 year horizon.The majority of the money in this case is invested in debt and the NAVs fall when the interest rates rise.Currently the equity markets are showing some weakness and the interest rates are high,so MIP NAVs are low.So its a good time to pick up MIPs .HDFC and Reliance are 2 fund houses that are known for their treasury management operations.And HDFC and Birla Sun Life MIPs have perfomed well due to superior management of the equity component.
Here is a video that walks you through the ABCs of MIPs:
July 10, 2011 1 Comment
Mutual fund schemes known as liquid funds /money market funds/cash funds and ultra short-term bond funds/liquid plus funds are options for parking funds for the short term.They allow for a high degree of liquidity.They are alternatives to keeping money in a savings bank account or a short term bank fixed deposit.
Liquid funds invest in money market instruments of residual maturity up to 91 days.Liquid funds have the lowest volatility in returns among all categories of mutual funds because there is there is no mark-to-market (MTM) valuation of the portfolio on a daily basis unless there is a trade in the secondary market in the underlying security .Practically there is no trade in money-market instruments and valuation of daily NAV happens on an accrual basis, i.e., by adding the coupon accrued for the day without any mark-to-market impact. Read more of this post