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Showing posts from 2008

Current Economy Crisis - Thoughts from Yogesh Chanbria

From Yogesh Chhabria : Investor, Entrepreneur, Educator and Happionaire! LATELY, I have been thinking a lot about the Lehman crisis. Spending money that they didn't have and going beyond their means is one of the main reasons for their situation today. In fact that is the cause for the current economic crisis in the US. When I see all this happening, I can only remember the good old days. Then, karz (loan) was bad. People looked down upon those who took loans. Parents would not give their daughter's hand in marriage to a man with loans. But of course, the times have changed now. Everyone I know has a loan. The buzz word is EMI (equated monthly installment). Today, you can buy everything on EMI - a house, a television, even an i-Pod. In fact I know of someone who just bought a fancy BMW 3 series on EMI, instead of buying a cheaper car outright with cash. I mostly prefer to take public transport, but then I am an old man with old thoughts! Anyway, coming back to what caused the c...

U CAN MAKE A HUGE DIFFERENCE

      U CAN MAKE A HUGE DIFFERENCE TO THE INDIAN ECONOMY BY FOLLOWING FEW SIMPLE STEPS. Please spare a couple of minutes here........ for the sake of India ... our country.. I got this article from one of my friend s , but it's true, I can see this from day to day life, Small example,            Before 5 months                1 CAN $ = IND Rs 32            After 5 months. Now it is 1 CAN $ = IND Rs 37 Do you think Canadian Economy is booming? No, but Indian Economy is Going Down. Our Economy is in u'r hands INDIAN economy is in a crisis. Our country like many other ASIAN countries is undergoing a severe economic crunch. Many INDIAN industries are closing down. The INDIAN economy is in a crisis and if we do not take proper steps to control those, we will be in a critical...

Bankruptcy explained in simple words !!!

  Bankruptcy explained   Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollars as there were only two pieces of 1 dollar coins circulating around.   1) There were 3 citizens living on this island country.  A owned the land. B and C each owned 1 dollar.   2) B decided to purchase the land from A for 1 dollar. So, now A and C own 1 dollar each while B owned a piece of land that is worth 1 dollar.   * The net asset of the country now = 3 dollars.   3) Now C thought that since there is only one piece of land in the country, and land is non producible asset, its value must definitely go up. So, he borrowed 1 dollar from A, and together with his own 1 dollar, he bought the land from B for 2 dollars.   * A has a loan to C of 1 dollar, so his net asset is 1 dollar. * B sold his land and got 2 dollars, so his net asset is 2 dollars. * C owned...

An Open Letter From Grand Pa.............ABOUT LEHMAN BROTHERS

An Open Letter From Grand Pa By Yogesh Chabria LATELY, I have been thinking a lot about the Lehman crisis . Spending money that they didn't have and going beyond their means is one of the main reasons for their situation today. In fact that is the cause for the current economic crisis in the US.When I see all this happening, I can only remember the good old days. Then, karz was bad. People looked down upon those who took loans. Parents would not give their daughter's hand in marriage to a man with loans.But of course, the times have changed now. Everyone I know has a loan. The buzz word is EMI (equated monthly installment). Today, you can buy everything on EMI - a house, a television, an i-Pod. In fact I know of someone who just bought a fancy BMW 3 series on EMI, instead of buying a cheaper car outright with cash. I mostly prefer to take public transport, but then I am an old man with old thoughts! Anyway, coming back to what ...

50 Factors that Affect the Value of the US Dollar

50 Factors that Affect the Value of the US Dollar Would you believe something as mundane as a rainstorm in New England can affect the value of the Dollar? It's true. The US Dollar is subject to numerous influences, from politics to Walmart, and everything in between. The following list contains 50 factors that affect the value of the US dollar, both big and small.   Balance of trade and investment The balance of trade and investment is often cited by analysts as the most important influence on the value of the dollar, with good reason. The balance of trade, related to the current account, represents the difference between what the US exports and imports in terms of goods and services. The balance of investment, or financial account, represents the difference in exports and imports of capital. If exports exceed imports, in either the current account or financial account, it is called a surplus. When imports exceed exports, on the other hand, it is referred to as a de...

24-August-2008

NSE and BSE Tips: Pick of the week.   Script Name Target Recommened Term Recommended by: 01 Medium Term Short Term Long Term 02 Medium Term Short Term Long Term 03 Medium Term Short Term Long Term 04 Medium Term Short Term Long Term 05 Medium Term Short Term Long Term   Source: Published over the net, differnet media channel and brokerage houses.   Disclaimer: All information provided is on "as is" basis and for information purposes only. Kindly consult your financial advisor or stock broker to verify the accuracy.   ...

Smallcaps and Midcaps at throw away prices

  10Paisa.com Goldmine for small investors Midcaps.in Genuine platform for investors     RECENT RECOMMENDATIONS www.10paisa.com www.midcaps.in Scrip Rec. Date Rec. Rate As on Date Scrip Rec. Date Rec. Rate As on Date HPCL (Futures) 10 Aug 231.70 241.05 (12 Aug) HPCL (Futures) 10 Aug 231.70 241.05 (12 Aug)   Hind. Tin Work. 03 Aug 29.45 35.75 (05 Aug) GHCL Ltd. 03 Aug 66.65 85.95 (05 Aug)   ...