Thursday, March 20, 2014
Thursday, September 27, 2012
A Beautiful Story.......
Subject - A Beautiful Story I came across on Time Management and Setting Priorities.
A professor stood before his class and had some items in front of him. When class began, wordlessly he picked up a large empty jar and proceeded to fill it with rocks right to the top, rocks about 2" diameter.
He then asked the students if the jar was full? They agreed that it was.
So the professor then picked up a box of pebbles and poured them in to the jar. He shook the jar lightly. The pebbles, of course, rolled into the open areas between the rocks. The students laughed.
He asked his students again if the jar was full? They agreed that yes, it was.
The professor then picked up a box of sand and poured it into the jar. Of course, the sand filled up everything else.
"Now," said the professor, "I want you to recognize that this is your life.
The rocks are the important things - your family, your partner, your health, your children -anything that is so important to you that if it were lost, you would be nearly destroyed.
The pebbles are the other things in life that matter, but on a smaller scale. The pebbles represent things like your job, house, or car.
The sand is everything else, the "small stuff."
"If you put the sand or the pebbles into the jar first, there is no room for the rocks.
The same goes for your life. If you spend all your energy and time on the small stuff, material things, you will never have room for the things that are truly most important.
Pay attention to the things that are Important in your life and spend time on the Important.
Some of the Important are:
• Spend time with your Family.
• Spend time with your People.
• Spend time for your Customers.
• Play with your children.
• Take time to get medical checkups.
• Take your partner out once a while.
• Take time to renew yourself.
• Find time for maintenance.
• Spend time on Preventing than on Solving Problems
***** Take care of the rocks first - the things that really matter.****
Set your priorities, the rest is just pebbles and sand.
Believe in yourself, know what you want, and make it happen!
He then asked the students if the jar was full? They agreed that it was.
So the professor then picked up a box of pebbles and poured them in to the jar. He shook the jar lightly. The pebbles, of course, rolled into the open areas between the rocks. The students laughed.
He asked his students again if the jar was full? They agreed that yes, it was.
The professor then picked up a box of sand and poured it into the jar. Of course, the sand filled up everything else.
"Now," said the professor, "I want you to recognize that this is your life.
The rocks are the important things - your family, your partner, your health, your children -anything that is so important to you that if it were lost, you would be nearly destroyed.
The pebbles are the other things in life that matter, but on a smaller scale. The pebbles represent things like your job, house, or car.
The sand is everything else, the "small stuff."
"If you put the sand or the pebbles into the jar first, there is no room for the rocks.
The same goes for your life. If you spend all your energy and time on the small stuff, material things, you will never have room for the things that are truly most important.
Pay attention to the things that are Important in your life and spend time on the Important.
Some of the Important are:
• Spend time with your Family.
• Spend time with your People.
• Spend time for your Customers.
• Play with your children.
• Take time to get medical checkups.
• Take your partner out once a while.
• Take time to renew yourself.
• Find time for maintenance.
• Spend time on Preventing than on Solving Problems
***** Take care of the rocks first - the things that really matter.****
Set your priorities, the rest is just pebbles and sand.
Believe in yourself, know what you want, and make it happen!
Attribution: http://www.citehr.com/431905-beautiful-story-i-came-across-time-management-setting-priorities.html#ixzz27fNmNqpD
Wednesday, September 5, 2012
Worlds Top Bank
| Rank | Bank | Country | Total Assets (US$b) | Date |
| 1 | Deutsche Bank | Germany | 2,805.50 | 31/03/2012 |
| 2 | Mitsubishi UFJ Financial Group | Japan | 2,641.22 | 31/03/2012 |
| 3 | HSBC Holdings | UK | 2,637.22 | 31/03/2012 |
| 4 | Industrial & Commercial Bank of China | China | 2,607.75 | 31/03/2012 |
| 5 | BNP Paribas | France | 2,545.34 | 31/12/2011 |
| 6 | Credit Agricole Group | France | 2,514.81 | 31/03/2012 |
| 7 | Barclays PLC | UK | 2,430.74 | 31/12/2011 |
| 8 | Japan Post Bank | Japan | 2,363.15 | 31/03/2012 |
| 9 | JPMorgan Chase & Co. | USA | 2,320.33 | 31/03/2012 |
| 10 | Royal Bank of Scotland Group | UK | 2,246.52 | 31/03/2012 |
| 11 | Bank of America | USA | 2,181.45 | 31/03/2012 |
| 12 | China Construction Bank | China | 2,107.21 | 31/03/2012 |
| 13 | Bank of China | China | 2,046.37 | 31/03/2012 |
| 14 | Mizuho Financial Group | Japan | 1,995.57 | 31/03/2012 |
| 15 | Agricultural Bank of China | China | 1,993.25 | 31/03/2012 |
| 16 | Citigroup Inc | USA | 1,944.52 | 31/03/2012 |
| 17 | Sumitomo Mitsui Financial Group | Japan | 1,726.21 | 31/03/2012 |
| 18 | Banco Santander | Spain | 1,712.05 | 31/03/2012 |
| 19 | ING Group | Netherlands | 1,656.88 | 31/03/2012 |
| 20 | Societe Generale | France | 1,592.72 | 31/03/2012 |
| 21 | Lloyds Banking Group | UK | 1,548.00 | 31/03/2012 |
| 22 | Groupe BPCE | France | 1,540.24 | 31/03/2012 |
| 23 | UBS | Switzerland | 1,514.15 | 31/03/2012 |
| 24 | Wells Fargo | USA | 1,333.80 | 31/03/2012 |
| 25 | UniCredit S.p.A. | Italy | 1,244.75 | 31/03/2012 |
| 26 | Credit Suisse Group | Switzerland | 1,108.61 | 31/03/2012 |
| 27 | China Development Bank | China | 992.00 | 31/12/2011 |
| 28 | Goldman Sachs | USA | 951.00 | 31/03/2012 |
| 29 | Rabobank Group | Netherlands | 947.62 | 31/12/2011 |
| 30 | Nordea Bank | Sweden | 925.83 | 31/03/2012 |
| 31 | Commerzbank | Germany | 921.83 | 31/03/2012 |
| 32 | Norinchukin Bank | Japan | 872.07 | 31/03/2012 |
Note: The foreign exchange rate on March 31, 2012
Sunday, February 13, 2011
Ground Rules for Investing
Investing is an interesting activity and it attracts almost every one. But the basic requirement is awareness and passions are simple to understand but difficult to adapt. The basic reason is investors think about long term but they act in short term. As simple that anyone can become a good investor just by following simple and easily understood rules, which also help avoid big mistakes.
Here are my rules for investment success.
Have a Plan or a Modular Approach:
step by step goals setting and achieving them, assures you in taking appropriate risks. Invest money that you'll need in the next three years to five years in cash and short-term bonds. If you've taken on too much risk for short-term objectives, pull back now. No one knows where the bottom of this market is? It's better to cut your losses and preserve the money you already have for short-term goals. For your long-term financial goals, consider equities as in long term their returns are un- beatable.
Adapt Simple Approach:
Before entering to Stock Market directly / indirectly:-
Step I: Get Term Insurance for your life at least 10 times of your annual
income.(We say that this approach clearly states that how much you
love your family. No One wants to see the family in a miserable
state after him/her.)
Step II: Have a Medical Insurance Policy Approx. 2- 2.5 Lakhs.
(This will help you save the hard earned money both on taxation as
well as Medical front.)
Step III: Keep 3 Months Salary in Saving Account.
(This will make you brave in front of your Boss as three months time
is sufficient to find another job and will kelp you to keep
liquidity crunch away.)
Step IV: Have 12 Months Salary in Fixed Deposit/ Maturity Schemes.
(This helps in drawing medium term goals as well as a cushion for
unexpected shocks.)
At this level you are financially matured to enter in the stock market indirectly, you can follow the following steps;
Step V: Park 40-60 % of your surplus funds in Equity Diversified Large Cap
Dominated Mutual Fund.( They move steadily and stably.)
Step VI: Park 25-30% of your surplus funds in Equity Mid Cap Fund. (They move
fast but usually show high volatility.)
Step VII: Rest of the portion can be parked with Balanced Funds or Gold Funds
or can be diverted to Real Estate acquition provisions.
This is only a outline around which a strong plan can be drawn to suit the individual need and effective results can be achieved.
There are no hot stocks and funds in this world:
If you buy this year's top-performing fund or stock, be prepared that it may and may not perform well in the future because they have more or less correlation with the economy as well as the approach of the fund manager.
Discipline is the key:
Adapt the gardener’s approach that plants the seed, takes its proper care and work around regularly and gives nature full opportunity to nourish it. Investing a little bit of money each month is the surest way to reduce the risk of investing, because you lessen the possibility of buying at the market top. Also, no one is smart enough to anticipate all the moves, both up and down.
Buy and Hold is a winning approach:
Research has proven that, buy and hold approach has out performed all the investment approaches in the long run. Short-term trading makes more brokers than investors rich. The income tax department likes the practice, too. If you meet anyone who claims to have made money through short-term trading, resist your temptation to listen any further and move on to a more productive conversation.
Start Early:
It is not the "market timing" but time in the market that matters. Power of compounding will turn things in your favour.
Investing is a long-term proposition. Research your investments, remember your goals, re-examine your risk, and limit how much you listen to others. Always remember that do not change your plan unless very strong and compelling reasons are there.
Investing is an interesting activity and it attracts almost every one. But the basic requirement is awareness and passions are simple to understand but difficult to adapt. The basic reason is investors think about long term but they act in short term. As simple that anyone can become a good investor just by following simple and easily understood rules, which also help avoid big mistakes.
Here are my rules for investment success.
Have a Plan or a Modular Approach:
step by step goals setting and achieving them, assures you in taking appropriate risks. Invest money that you'll need in the next three years to five years in cash and short-term bonds. If you've taken on too much risk for short-term objectives, pull back now. No one knows where the bottom of this market is? It's better to cut your losses and preserve the money you already have for short-term goals. For your long-term financial goals, consider equities as in long term their returns are un- beatable.
Adapt Simple Approach:
Before entering to Stock Market directly / indirectly:-
Step I: Get Term Insurance for your life at least 10 times of your annual
income.(We say that this approach clearly states that how much you
love your family. No One wants to see the family in a miserable
state after him/her.)
Step II: Have a Medical Insurance Policy Approx. 2- 2.5 Lakhs.
(This will help you save the hard earned money both on taxation as
well as Medical front.)
Step III: Keep 3 Months Salary in Saving Account.
(This will make you brave in front of your Boss as three months time
is sufficient to find another job and will kelp you to keep
liquidity crunch away.)
Step IV: Have 12 Months Salary in Fixed Deposit/ Maturity Schemes.
(This helps in drawing medium term goals as well as a cushion for
unexpected shocks.)
At this level you are financially matured to enter in the stock market indirectly, you can follow the following steps;
Step V: Park 40-60 % of your surplus funds in Equity Diversified Large Cap
Dominated Mutual Fund.( They move steadily and stably.)
Step VI: Park 25-30% of your surplus funds in Equity Mid Cap Fund. (They move
fast but usually show high volatility.)
Step VII: Rest of the portion can be parked with Balanced Funds or Gold Funds
or can be diverted to Real Estate acquition provisions.
This is only a outline around which a strong plan can be drawn to suit the individual need and effective results can be achieved.
There are no hot stocks and funds in this world:
If you buy this year's top-performing fund or stock, be prepared that it may and may not perform well in the future because they have more or less correlation with the economy as well as the approach of the fund manager.
Discipline is the key:
Adapt the gardener’s approach that plants the seed, takes its proper care and work around regularly and gives nature full opportunity to nourish it. Investing a little bit of money each month is the surest way to reduce the risk of investing, because you lessen the possibility of buying at the market top. Also, no one is smart enough to anticipate all the moves, both up and down.
Buy and Hold is a winning approach:
Research has proven that, buy and hold approach has out performed all the investment approaches in the long run. Short-term trading makes more brokers than investors rich. The income tax department likes the practice, too. If you meet anyone who claims to have made money through short-term trading, resist your temptation to listen any further and move on to a more productive conversation.
Start Early:
It is not the "market timing" but time in the market that matters. Power of compounding will turn things in your favour.
Investing is a long-term proposition. Research your investments, remember your goals, re-examine your risk, and limit how much you listen to others. Always remember that do not change your plan unless very strong and compelling reasons are there.
Saturday, February 5, 2011
Monday, September 13, 2010
CHINA Vs. India
There is a lot of talk on the same as some books are being published and expert views are being given. The matter really has some matter or just a issue not identified in this manner is being brought forward. Whatever may be the fact because "fact lies in perception". If any matter prepared with some facts and figures which are seldom given attention suddenly presented with fashion and strategy by taking comments of famous personalities and using the media approach has become a regular practice.
Though some serious thoughts and subject matter never gets such media support and attention e.g. the Amartya Sen and Late Dr. C.K. Prahlad but do get the recognition of academic and thinking world. Their work never falls in the BEST SELLER category but certainly get the attention of some serious thinkers who decides the NOBEL PRIZE category. Thanks to their wisdom and hearing capability which successfully distinguishes the noise from the silent but meaningful whisper.
The subject matter carries a lot of imperfections such as the size, demography, historical background and habit structure of inhabitants that make the discussion and comparison much complex. The political dynamics as well as the economic fundamentals are also incomparable still for the sake of considering it as stepping stone or mile stone we can look forward for that. Certainly the growth model of China is admirable but as the Elephant cant be compared with the Lion same is the situation here. Still debate is the way for bringing different insights on to the subject as well as utilization of learning modes.
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