No doubt that India is in the phase of bull run. The brokers calling you for more investment for securities, Mutual funds, debt, Insurance etc. I know people hate to visit the regulatory websites like SEBI, RBI, IRDA and make most of their decision based on the brokers advise.
Quick question before proceeding further how many ever read the prospectus before signing the document for investments.? I guess very few of them.
Sharing some bold points issued by SEBI for securities & Mutual funds at least this is minimum information the person should have before investing :)
For Securities : View full article »
I know I might have done this post in the past but repeating myself for some of the friends that I made during my recent journey from Bhopal to Mumbai.
Wealth creation over the years has changed its avenues and area of interest for the investors in India. The prototype investment where the post offices and typically the scheduled banks through savings and fixed deposits have changed and with the awareness of finance, Mutual fund has become an excellent route to create wealth for the public at large.
“Mutual fund is a pool of money is invested in accordance with the common objective stated before the investment to the investors.”
Here is the concept of mutual fund which is a suitable for the common man as it offers an opportunity to invest and diversified, professionally managed basket of securities comparatively at low-cost. View full article »
Sharing some of the hilarious but the real phobias for the bankers in the extra regulatory time
1. Atychiphobia – fear of failure
2. Autophobia – fear of loneliness (billy banker no mates)
3. Coulrophobia – fear of clowns (boss related)
4. Decidophobia – fear of making decisions
5. Ergophobia – fear of work or functioning (another boss related phobia)
6. Gelotophobia – fear of being laughed at (bonus related)
7. Gerascophobia – fear of growing old or aging (career related)
8. Halitophobia - fear of bad breath (usually boss related)
9. Nomophobia – fear of being out of mobile / cell phone contact
10. Sociophobia – fear of people or social situations (client related)
11. Scopophobia – fear of being looked at or stared at (layoff related)
12. Telephone phobia – fear or reluctance of taking phone calls (layoff related)
13. Tokophobia – fear of childbirth (maternity leave related)
That Britain’s premier retailer TESCO was in news when they recently announced interim results, which show a fall in pre-tax profits of 92%. The key part of the statement is that
Amounts have been pulled forward or deferred, contrary to Tesco Group accounting policies; there have been similar practices in prior reporting periods; the current and prior practices appear to be linked as income pulled forward grew period by period
The basic issue here is profits are recognised early and/or costs are recognised late. It is easy to see how the problem snowballs. Say the company is struggling to meet a quarterly earnings target. Profits are brought forward and the target is met. But of course those profits would have accrued in subsequent quarters so new wheezes need to be found to keep profits rising.
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