My Sentiments Exactly
June 30, 2013 1 Comment
Wealth Daily
June 30, 2013 Leave a comment
I found this blog via FB today.Do take a look at it.The content is guaranteed to be thought provoking.
The blog does not use measured language.So if this puts you off,do at least read this article before you quit.Link.And do recall the adage held dear by the Buffett-Munger duo:It doesn’t pay to bet against America.
The Cyprus Contagion Spreads
June 29, 2013 9 Comments
At the time of the banking crisis in Cyprus I wrote about the risk of governments falling in love with the deal they had hammered out then and making it general policy in other countries.And how this can spell disaster to savers.Link
My worst fears stand confirmed.Remember governments tend to copy each other.Here is a news article I found buried in the back pages of the Economic Times yesterday:
EU strikes deal to push cost of bank failure on investors BRUSSELS: The European Union agreed on Thursday to force investors and wealthy savers to share the costs of future bank failures, moving closer to drawing a line under years of taxpayer-funded bailouts that have prompted public outrage. After seven hours of late night talks, finance ministers from the bloc’s 27 countries emerged with a blueprint to close or salvagebanks in trouble. The plan stipulates that shareholders, bondholders and depositors with more than 100,000 euros ($132,000) should share the burden of saving a bank. Read more of this post
Planning A Break
June 28, 2013 2 Comments
Sabbaticals, which have become increasingly common due to work pressure and higher aspirations on the creative and entrepreneurial front, can hinder growth if not planned well. Worse, they can make the transition back to professional life tough.So here’s how you can reduce the risks o your employability.
1 Decide on the Reason Employees take sabbaticals to manage a special circumstance such as taking a baby-break,dealing with a family crisis or a child’s exam; when they feel the burnout coming; or to expand their knowledge and skills;live in the here and now,do something creative or try their hand at running a start-up. Decide what you want to address during your sabbatical, first, to make the best use of time that you will have to yourself.It helps too if you can decide on a cut-off date when you will return to work.
2 Discuss it with Your Family Before you reach out to your employer and communicate your decision, talk with your family.Your family backs you up if your plan doesn’t work out, be it financial or mental. Discuss with your spouse, children and parents before you take the leap. Read more of this post
Rising Popularity Of Resale Flats
June 28, 2013 Leave a comment
New home sales may be few and far between, but resale of properties is booming. Sale of such properties is up 40% across the country in the last 6-8 months as buyers become more risk averse, looking at the enormous construction delays, say property brokers and financial institutions. According to Punjab National Bank and Indiabulls Housing Finance, 35-40% of home loans being taken today are for resale properties, which include both apartments that are ready to move in and those that are in the late stages of completion. Primary sales have slowed down and prices have stagnated or dropped. Resale of properties, however, has been strong in the last few quarters.
Time over-runs in real estate projects have become a sore point with buyers. According to property research firm PropEquity, nearly half of the 900,000 under-construction residential units are likely to be delayed by up to 18 months. Slowing of the economy to a 5% GDP growth level too has put doubts in the minds of home buyers. Property sales across the country have dipped in the last year and a half because of rising property prices.
According to PropEquity, in the first quarter of the current fiscal, 13,797 residential units was sold in Bangalore compared with 9, 742 units absorbed in the first quarter of FY13. Other bigger markets such as the Mumbai Metropolitan Region absorbed 15,501 units, down 21%; National Capital region (NCR) absorbed 26, 798, up 31% and Chennai saw 5953 units absorbed down 21% in January to March 2103 compared to same period last year. Read more of this post
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