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Wednesday, November 29, 2017

Bitcoin crossed $10000

crossed $10000 on smaller exchanges such as the CEX.IO, and the crypto-currency index long before it hit the milestone on BitStamp.
Sceptics say it is a classic speculative bubble with no relation to the real financial market activity or the economy, most famously JPMorgan boss Jamie Simon who labelled it a fraud.

Friday, August 04, 2017

Canara Bank gearing up for Singapore Stock Exchange

State-run Canara Bank is in the international bond market with a $400 million issue as part of its $2 billion medium-term note programme.
Canara Bank is in the international debt market with a benchmark dollar bond issue that will have a tenor of five years. The lender is likely to raise $400 million through the bond sale issue, which will be drawn through its London branch and will be listed on the Singapore Stock Exchange,” 

Thursday, August 03, 2017

Choose Debt fund wisely

The Reserve Bank of India (RBI) had cut the repo rate by 0.25 percent, in its third bi-monthly monetary review for the financial year 2017-18, on August 2, 2017. 

The move is surely going to depress the retirees and other investors who rely heavily on the fixed income products such as bank fixed deposits. The bank FD rates are already lying low and in all probability will come down further.

The option one can opt is debt fund.
For a retiree, building up a portfolio to meet regular income needs requires careful attention. Safety, liquidity and post-tax return have to be kept in mind. Bank FD can be between 10%-15% of their portfolio for immediate liquidity requirement and debt mutual fund should be around 75%-80% of their portfolio, 
* Basic rule one needs to follow is, not to withdraw from debt mutual funds until the holding period of more than 3 years is completed in order to make it tax efficient. 

* For the income for the initial 3 years, required funds should be parked in Liquid and arbitrage funds, which are a better option compared to saving account and a systematic withdrawal plan should be setup from it. 

*Income for 4th year onwards will come from debt mutual funds through systematic withdrawal

Monday, July 24, 2017

Reliance: After Bonus just wait and watch

Reliance's past history have shown the stock to correct itself after a bonus but this time, RIL has left its investors yearning for more.
Market analyst are of the opinion that there is lot more left on RIL platter, which has gained over 46 percent since the beginning of this year.
Multiple factors that are leading to this optimism- Reliance's strong showing during the first quarter of this year led by the core segments and the fact that most of its big (profitable) investments are complete and have already started yielding results.
Its consumer business is expected to grow in importance and would mark a major shift.

Sunday, July 23, 2017

This seasons flavor : local investment banks

India’s record equity markets now have a particular flavour: Local bankers, who are taking the lead and on charge
of local investors. 

Indian funds and retail buyers of equity have knocked overseas investors off the leader-board this year, and the biggest beneficiaries of the changing trend have been local investment banks. 

Four of the top five on the league-table for equity markets deals by volume and value in the six months to June are local banks. Unlike their global peers, IIFL, Kotak or SBI Caps have capitalized on the strong demand from domestic institutional investors — insurance companies and mutual funds — and from companies riding the boom to unlock value through share or bond sales. 

Monday, January 02, 2017

A more challenging New Year

The New Year is likely to be more challenging for equities than 2016 as companies are expected to post poor earnings atleast for the next couple of quarters following demonetisation.
Global headwinds ranging from US policies under Donald Trump to poll in three key European countries will also impact investors sentiments.
As per analyst prediction earnings growth for the next 1-2quarters should be tough from economy perspective. A fall in cement offtake, automobile, textiles, gems and jewellery and retail footfall is expected. However there is no anticipation of any major negative surprises in sectors like metals and oil & gas. 60% of the net profits of the Nifty-50 Index do not depend on India's GDP growth as their revenues are largely dependent on global factors.

Friday, June 17, 2016

Basics of investment is must for Single Mothers

Women usually get scared with the idea of handling money and remain indecisive - often turns out to be a problem if for some reasons they are forced to live on their own and this problem becomes more ugly if they gave children with them and they have to secure the financial future of all of them having zero knowledge about finance and investing.

First few steps to start managing their investments:
# Never give management of your money to a relative
# Open a fixed deposit account as your first investment in a good bank and keep money in it
# Must educate yourself with the basics of finance and investing
# To gain experience of investment start with a small amount from the money kept in your FD ( fixed deposit)
# Understand financial planning and if needed get in  touch with a financial planner for a fee
# Choose your planner by relying on strong references
# Financial planner must have a minimum 2-3 years of experience
# For a good long term investing experience you have to have a disciplined approach to saving and investing
# Keep calm during markets short term volatile phases
# Trust SIPs for investing in mutual funds. SIPs average out costs, neutralise negative impact of volatility.

Tuesday, June 14, 2016

Biggest Deal is going between Microsoft and Linkedln

Microsoft Corp. has agreed to buy Linkedln Corp. for $26.2 billion in its biggest ever deal combining the software giant's fast growing cloud services business with an online network of 433 million professionals.
The offer of $196 a share represents a premium of 49.5 percent to Linkedln's closing price on Friday. Linkedln's shares soared 48 percent to $194 a piece in early New York Stock Exchange trading while Microsoft's shares were down 4 percent.
Jeff Weiner will remain the chief executive of Linkedln, reporting to Nadella ( Microsoft CEO Satya Nadella )
Microsoft is looking to combine Linkedln services to make workers more productive by revealing connections and data that might otherwise take additional step to find. That could increase the value of Microsoft Office to customers.