Afreen’s Advice


wealthymattersFlitting between England, Dubai and Mumbai, Arfeen Khan coaches clients in the art of making, retaining and multiplying money. He is a life and financial coach rolled into one, and the author of The Secret Millionaire Blueprint.

Here’ some of his gyan:

1.)80 per cent of people grow up believing either that money is hard to make, or that it is the root of all evil. These thoughts are rooted deep in our subconscious, and have overtaken our thinking. There’s nothing wrong in making money. So stop feeling guilty if you desire to make loads of it.

2.)If fear, lack of clarity and knowledge are reversed, you are on your way to being a financial genius.

3.)Nine out of 10 people have no idea what they will do with their lives. It’s always, ‘I want to make money, enjoy time with family and go on a few holidays a year’. Interestingly, every rich and successful person is clear about goals to achieve. Read more of this post

TCS


wealthymattersYesterday, TCS, India’s largest software exporter, celebrated 10 years of listing on the stock exchange. It was on August 25, 2004, when TCS made its trading debut on Dalal Street at a 27% premium to its issue price. And, there has been no looking back for the stock, churning a compounded annual return of 27% for a decade.

The market capitalisation of the company has risen from Rs47,232 crore to a mammoth Rs4.94 lakh crore in 10 years of listing -the highest among all Indian listed companies.

Investors who stayed put in the stock in the period would have made over three times the average annual compounded returns from fixed deposits. For instance, an investor, who would have put Rs1 lakh in the TCS initial public offer (IPO) at Rs850 a piece, would be sitting on Rs12.52 lakh on Monday . TCS is currently trading at Rs2,521 after two bonus issues -one in July 2006 and other in June 2009. The company has also paid handsome dividends.

In contrast, if the investor had put Rs1 lakh in a fixed deposit with 9% interest in 2004, he would have made Rs2.37 lakh by now without considering taxes. Read more of this post

Copy To Thrive!


wealthymatters Players in the Rs 2,400-crore ,fast-growing ,Indian,online classifieds industry are freely ‘borrowing’ listings from rival sites in a bid to become the largest in their categories and attract funding. Only a few take the consent of advertisers.Not only small classifieds but large online classifieds players are also resorting to this practice.

The trend of replicating advertiser information is rampant across industries. According to IAMAI, jobs is the largest category in the online classifieds market constituting about 60% of the market share followed by matrimony (22%), B2B classifieds (13%) and real estate 7%.

Copying classifieds means saving on-ground sales staff, so a company can manage with a small tele-calling team, using cloud technologies, which scouts for listings across other platforms. Read more of this post

Dame Stephanie Shirley


wealthymattersDame Stephanie, or Steve as those closest to her call her, is the creator of the multibillion-pound IT software consultancy,the F1 Group, from which she made her £150-million fortune.

Dame Stephanie,was born Vera Buchtal to a gentile mother and German Jewish judge in Dortmund, Germany . Her family fled to Vienna only weeks before the outbreak of the Second World War and her parents put her and her nine-year old sister on one of the Kindertransport trains taking 1,000 refugee children across Europe to London to escape the Nazis.

“I remember arriving at Liverpool Street station; it was July but it was dull and grey . There were big bags of straw all around and the air was sickly with the smell of unwashed children. We had no idea what to expect. We were tired, hungry and traumatised,“ she says.

What she found, however, was a wonderful childless family who fostered her and her sister in the West Midlands where she lived until she was 18, even though both her parents survived the war. Later she took Brook ­ from her love of the poet Rupert Brooke ­as her naturalised name. Read more of this post

India’s Richest Pin Codes


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