Saturday, November 22, 2008
Shopping time
I keep a wish list of things i desire :). However with the coming shopping season and Black Friday i thought this is the opportunity to make a comprehensive list of things we need to buy for everyone and make up for Diwali and not doing household chores in general.
Monday, November 17, 2008
Trusting the future
I was looking at some personal finance website in India, like this one and this one. Its appalling to see no worth-while content in the Indian scene vs great tools like Mint and Wiki-Invest on this side of pacific.
Anyways i think that this is a great time to take stock of one's financial health. The stock market and various other financial instituions around the world are facing a grim crisis. If you are a believer magic free market even in face of un-controlled and bottomless stock markets, then its a really great time to invest. However the big question is where to invest? Which stocks to pick and oh yes do you make up your portfolio in these times. Over the next few weeks i plan to address this very issue.
To make a modest start I'm ruling out any form of option trading, as the markets are really volatile, and i'm also going to rule out any chance of investing more that 40% of my savings in the cheap stocks.
Now once we rule out that. With a modest budget of $800 per month what can one do? The strategy i want to pick is buy stocks which were ridiculously high at one point and are dirt cheap (prefarably $1) now. However i'll only pick companies how have _real_ assets and a _positive_ revenue in this mix. So what are these companies? F?
What do I do with rest 60% well, the dollar to rupee conversion rates are substantially high these days (possibly highest in last 3 years), so i'm going to try and send that money back home to India. I'm not sure though if i want my father to invest that in stocks. He is stock broken full time and has tendencies to over do it. So i'm going to cap that may to 20% stocks and rest as cash. Lets see though, it has to work THE man.
Anyways i think that this is a great time to take stock of one's financial health. The stock market and various other financial instituions around the world are facing a grim crisis. If you are a believer magic free market even in face of un-controlled and bottomless stock markets, then its a really great time to invest. However the big question is where to invest? Which stocks to pick and oh yes do you make up your portfolio in these times. Over the next few weeks i plan to address this very issue.
To make a modest start I'm ruling out any form of option trading, as the markets are really volatile, and i'm also going to rule out any chance of investing more that 40% of my savings in the cheap stocks.
Now once we rule out that. With a modest budget of $800 per month what can one do? The strategy i want to pick is buy stocks which were ridiculously high at one point and are dirt cheap (prefarably $1) now. However i'll only pick companies how have _real_ assets and a _positive_ revenue in this mix. So what are these companies? F?
What do I do with rest 60% well, the dollar to rupee conversion rates are substantially high these days (possibly highest in last 3 years), so i'm going to try and send that money back home to India. I'm not sure though if i want my father to invest that in stocks. He is stock broken full time and has tendencies to over do it. So i'm going to cap that may to 20% stocks and rest as cash. Lets see though, it has to work THE man.
Thursday, November 06, 2008
Nurturing entrepreneurship in India’s villages - The McKinsey Quarterly - Nurturing entrepreneurship in India’villages - Strategy - Globalization
Nurturing entrepreneurship in India’s villages - The McKinsey Quarterly - Nurturing entrepreneurship in India’villages - Strategy - Globalization
"In general, villagers, particularly in the emerging world, have benefitted less from globalization than urbanites have."
"Rural development is crucial for the overall development of a nation’s economy."
"India should seek to empower its villagers and nurture entrepreneurial activity, while also taking advantage of its strengths in the private sector."
Now wait a minute, what do you think of the following one -
"Outright foreign direct investment, by Düsseldorf-based Metro AG, for example, should be welcome, as should joint ventures, like the one between Bharti Enterprises and Wal-Mart Stores. Such businesses"
"In general, villagers, particularly in the emerging world, have benefitted less from globalization than urbanites have."
"Rural development is crucial for the overall development of a nation’s economy."
"India should seek to empower its villagers and nurture entrepreneurial activity, while also taking advantage of its strengths in the private sector."
Now wait a minute, what do you think of the following one -
"Outright foreign direct investment, by Düsseldorf-based Metro AG, for example, should be welcome, as should joint ventures, like the one between Bharti Enterprises and Wal-Mart Stores. Such businesses"
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