On Networking
March 18, 2014 Leave a comment
Pre-Sales And Soft Launches
March 18, 2014 2 Comments
Pre-sales and soft launches are now a common practice in the real estate industry in The MMR. Builders go for pre-sales to get immediate funds. In case of pre-sales, buyers or investors make a down payment, which could be just 20% to almost half the cost of the flat, in return for a discounted price offered by the developer.In some cases,by getting people to book flats by paying just 10% to 20% before the first brick is laid, developers have manage to sell 200 to 300 flats even before the project is publicly announced.
Many builders go for pre-sales the moment they buy the land and mortgage it to the bank. The BMC now charges builders who want to avail of extra construction rights, called fungible FSI, and transfer of development rights, a premium. Builders require funds to pay this premium.Hence they start selling units even before a project begins. The approvals can take over a year after pre-sales.
However many unscrupulous builders have gone for pre-sales when even land titles are not clear.The problem is rampant in Thane district. Read more of this post
CamMi Pham On Marriage
March 16, 2014 2 Comments
Here is an interesting piece I came across today.Its definitely worth thinking over.
Smart Women Marry Money…with Conditions
Marriage is one of the biggest investment in your life. You will invest your time into someone. Unlike money, you cannot earn back the time you lose. Smart women know that they need to invest their lives wisely.
5 Reasons Why I Will Marry Money
1. There is nothing wrong about that
I grew up as an élite in Vietnam. My father is a financial and real estate investor. Anyone he introduces to me would be in the same industry and most likely they all have money…a lot of money. Why would I marry someone without money when I can marry one with money? It’s just as easy to fall in love with a rich man as a poor one. When two people come from the same background, it is so much easier for them to relate to the other. There are many amazing men out there but it is easier to find someone who is in my circles already.
It is ok for men to marry pretty women, but people always judge when women marry wealthy men. Why don’t they think she marries into wealth because she deserves it? Marriage is a business. If both parties are happy, there should not be a problem. Some marriage will last, some won’t. Smart women control their lives, they don’t let other people do it. They do what is the best for them, and a lot of time marry money is one of them.
2.The type of men that I love would always be wealthy.
I am used to be around super successful and powerful men.I don’t feel safe around men without a brain and clear vision. I know really well how the roller coaster of life looks like. I am not ready to share my life with someone who I don’t feel secure with. All my life I expect to marry an ambitious intelligent man who is willing to take risk because I feel safe around them. In life usually those men are very successful. Success goes together with wealth and power. Is it wrong to marry a person I love? I don’t think so.
Smart women usually want to share their lives with smart men. Smart men dream big and take big action. They always fight to get what they want. At the end they usually get rewarded with a successful career. Read more of this post
An Introduction To Financial Statements
March 16, 2014 1 Comment
Financial statements are among the most important sections of a company’s annual report. For a novice investor, reading and understanding a company’s financial statements is quite intimidating at first sight. However, to study and make good investing decisions, it is necessary to understand them.
Profit & Loss account: The profit and loss account (P&L) shows a company’s performance over a specific time frame, usually a financial year or a period of 12 months. In India, most companies follow a April to March financial year . The P&L account is also known as the income statement. It presents information relating to a company’s revenues, manufacturing costs, sales and general expenses, interest and depreciation charges, tax costs, other income, net profits, and dividends.
For a typical P&L statement refer to the image below:
Your Company’s Annual Report
March 16, 2014 1 Comment
The annual report is probably the most viewed company publication. It is the most comprehensive means of communication between a company and its shareholders. It is a report that each company must provide to each of its shareholders at the end of the financial year.
As a shareholder ie part owner of a company, you need to know its performance over the past financial year and the management’s view on the same. You also need to know what are the company’s future plans and strategies and what does the management intends to do to attain targets.And your company’s annual report is your means to do so.
Following are the Key Constituents of Your Company’s Annual Report
Director’s report: The director’s report comprises the events that take place in the reporting period. This includes a summary of financials, analysis of operational performance, details of new ventures and business, performance of subsidiaries, details of change in share capital, and details of dividends. In short, you the shareholder can get a gist of the fiscal year from this section.
Management discussion and analysis (MD&A): More often than not, the MD&A starts off with the management giving its view on the economy. It is then followed by a perspective on the sector in which the company is present. Any major changes like inflation, government policies, competition, tax structures, amongst others are highlighted and discussed in this report. It also includes the business strategy the management intends to follow. Details regarding different segments are provided in this section. The company also gives a brief SWOT (strength, weakness, opportunity, and threat) analysis and business outlook for the coming fiscal. Read more of this post
wealthymatters 