wealthymatters

Yes Lady Finance Co

September 12, 2013 Leave a comment

wealthymatters Yes! Now high end luxury bags are assets! At least in Hong Kong where the Yes Lady Finance Co, accepts them as collateral for loans.

This four-year-old company accepts purses on the spot, bringing in assessors from affiliate Milan Station Holdings Ltd.,a chain for luxury secondhand purses, to check the bags’ condition and authenticity.

Yes Lady provides a loan within half an hour at 80% of the bag’s value—as long as it is from Gucci, Chanel, Hermès or Louis Vuitton. Occasionally, a Prada purse will do the trick. Secondhand classic purses and special-edition handbags often retain much of their retail prices.

A customer gets her bag back by repaying the loan at 4% monthly interest within four months. Yes Lady says almost all its clients quickly pay off their loans and reclaim their bags. Read more of this post

Filed under Alternative Assets Tagged with Chanel handbag, classic handbags, Gucci handbag, Hermès Birkin bag, Hermes Handbag, high end luxury hand bags, Hong Kong Monetary Authority, investing in handbags, licensed pawnbrokers, limited edition handbags, Louis Vuitton handbag, luxury secondhand purses, Milan Station Holdings Ltd, Money Lenders or Pawnbrokers Ordinance, no credit check, no proof of income, postaday, Yes Lady Finance Co

How To Save On Fuel Bills

September 12, 2013 Leave a comment

Wealthymatters

Petrol prices in Mumbai have moved to 81.57 from 69.83 a litre since May 1, a rise of 17% in the past four months, raising monthly fuel bills.

With crude prices continuing to remain high and the rupee depreciating sharply against the US dollar, petrol prices are likely to remain high in the near future,and spike in case of further uncertainty in the Gulf. Car drivers by changing driving habits and maintaining their cars well can bring down the monthly fuel bill by as much as 10-20%.

Driving habits play a major role in saving fuel. It is possible to drive the same distance in the same time and yet save on fuel provided you drive smoothly. Many of us tend to accelerate very fast even though we know there is a signal 100 metres ahead, brake suddenly or drive at a high speed on a much lower gear than we are supposed to. All these actions put pressure on the engine, which tends to guzzle more fuel in the process. If you change these habits alone, you could save as much as 10% in fuel costs. Read more of this post

Filed under Theory, Tool Kit Tagged with adjust gears properly, check wheel alignment, crude prices, drive smoothly, filter check, oil change, petrol price rise, postaday, save fuel, save petrol, saving money, servicing your car, switch off the engine at signals

Stick To The Shares Of Private Banks

September 12, 2013 Leave a comment

wealthymatters

The higher interest rates and slower GDP growth imply declining loan growth and rising NPAs in the banking system, most particularly in the cheap state-owned banks.

Current Indian gross NPAs are at 3.7% of total loans, but there are also another 4.6% of loans which are in the restructured category.

So despite the temptation to buy cheap banks on a contrarian basis, stick with the expensive quality private sector banks geared to the consumer space, since it is far from evident that India has passed the worst.

It is also the case that the credit problems are primarily in the corporate and infrastructure related sectors.

Filed under Paper Assets Tagged with HDFC shares, ICICI Shares, investing in shares, postaday

FII Facts

September 12, 2013 Leave a comment

wealthymatters

Foreigners currently own an estimated 22% of Indian equities.

The reason why foreign funds are not exiting India quicker is because they are heavily invested into quality expensive stocks, which are not worth selling at this point of time.

The long-term investment returns for foreign holders of the likes of HDFC or ITC have declined dramatically. Thus, the compound annual average return over five years of an owner of these two stocks in US dollars terms is now only 4% and 20%, respectively, compared with 13% and 30% in rupee terms.

The foreign ownership of Indian government securities is only 1.61% at the end of March, though it is up from 0.88% at the end of March 2012.