Tuesday, July 1, 2008

Falling Indian Stock Market kills Investor morale

The Indian Stock Market NSE & BSE is falling and going only towards downside from the starting of this year to lower the morale of Indian Investors and Traders to find out new terminology of the oftenly used Stock Market Terms and changing their abbreviations in a different manner Some of them are:

Message written on a board inside the church read ‘God never fails’. A speculator wrote just below that ‘Ask him to try trading in Nifty futures’.”
PE - Plunge Endless

EBITDA- Exit Before It Tumbles Down Again

QIB - Quixotic Indian Blunder

HNI - Has No Idea

FII - Furious Impoverished Investors

PMS - Premeditated Scam

SIP - Suicide by Investing Patiently

Fund Manager - Last year’s ace stock picker now locked up in an asylum

Investor - Someone who is broke

Broker - Worse off than an investor

Correction - The next day after you bought shares

Momentum buying - The fine art of buying high and selling low

Value buying - The art of buying low and selling even lower

Full form of sebi - ( SEBI )
S = systematic
E = education for
B = brokers and
I = investors on how to lose money.............. ???

Sunday, June 8, 2008

Bill Gate's 11 Rules of Life



Bill Gates recently gave a speech at a High School.
About 11 things they did not and will not learn in school.
He talks about how feel-good, politically correct teachings created a generation of kids with no concept of reality and how this concept set them up for failure in the real world.
Rule 1 :
Life is not fair - get used to it!

Rule 2
:
The world won't care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.

Rule 3
:
You will NOT make $60,000 a year right out of high school. You won't be a vice-president with a car phone until you earn both.

Rule 4
:

If you think your teacher is tough, wait till you get a boss.

Rule 5
:
Flipping burgers is not beneath your dignity. Your Grandparents had a different word for burger flipping: they called it opportunity.

Rule 6
:

If you mess up, it's not your parents' fault, so don't whine about your mistakes, learn from them.

Rule 7
:

Before you were born, your parents weren't as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you were. So before you save the rain forest from the parasites of your parent's generation, try delousing the closet in your own room.

Rule 8
:

Your school may have done away with winners and losers, but life HAS NOT. In some schools, they have abolished failing grades and they'll give you as MANY TIMES as you want to get the right answer. This doesn't bear the slightest resemblance to ANYTHING in real life.

Rule 9
:
Life is not divided into semesters. You don't get summers off and very few employers are interested in helping you FIND YOURSELF. Do that on your own time.

Rule 10
:

Television is NOT real life. In real life people actually have to leave the coffee shop and go to jobs.

Rule 11
:

Be nice to nerds. Chances are you'll end up working for one.

Wednesday, February 13, 2008

Facts about Warren Buffet & his advices

Warren Buffet-The second richest man who has donated $31 billion to charity. Here are some very interesting aspects of his life:


1. He bought his first share at age 11 and he now regrets that he started too late!

2. He bought a small farm at age 14 with savings from delivering newspapers.

3. He still lives in the same small 3-bedroom house in mid-town Omaha , that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.

4. He drives his own car everywhere and does not have a driver or security people around him.

5. He never travels by private jet, although he owns the world's largest private jet company.

6. His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. He has given his CEO's only two rules. Rule number 1: do not lose any of your share holder's money. Rule number 2: Do not forget rule number 1.

7. He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch Television.

8. Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.

9. Warren Buffet does not carry a cell phone, nor has a computer on his desk.


His advice to young people: "Stay away from credit cards and invest in yourself and Remember:


A. Money doesn't create man but it is the man who created money.


B. Live your life as simple as you are.


C. Don't do what others say, just listen to them, but do what makes you feel good.


D. Don't go on brand name; just wear those things in which you feel comfortable.


E. Don't waste your money on unnecessary things; just spend on things that you really need.


F. After all it's your life, then why give others the chance to rule your life."

Thursday, January 17, 2008

How to Spend Money : Nita Mukesh Ambani

In the Hindu religion, we pay homage to the Goddess in her various
incarnations. During Diwali, we invoke the Goddess in her most enchanting
form: the image of Lakshmi. This is very appropriate. Lakshmi is the Goddess of wealth and prosperity. We worship her when we earn money. We worship her when we spend it.

Alongside, we worship Saraswati. She gives us the wisdom to spend money wisely. We also worship Durga who destroys the demon of egoism, when Lakshmi's bounties, and the wealth bestowed by her, tend to make us arrogant. Our own tradition teaches us a lot about how to spend money.

May I urge you to discard a myth? That spending money is very easy and making money very difficult. Wasting money is easy. But spending money is extremely difficult. There is a world of difference between the two. Buying an expensive automatic toy for your two-year-old son, when he cannot use it is wasting money. But buying a computer for your enthusiastic 10-year-old is spending money. Money is a vehicle; not a destination.

Personally, I see money as the most important vehicle to fulfilling a person's destination of understanding, and experiencing happiness, fulfilment, and completeness in life. We should put in an effort to acquire this vehicle; but we should also discern the destination with care, conscious effort, and wisdom. Nations spend money to build. They also spend money to destroy. Spending money requires as much application of mind as earning it does.

There is another personal belief, which I keep very close to my heart and soul. It is that money is the manifestation of gratitude. It is one of the important ways in which the universe rewards you for your efforts, intentions and merits. My father-in-law, Dhirubhai Ambani, often tells us that we must use our hardearned money in a way that expresses our gratitude to the universe for its kindness. We must respond to nature with grace for all its bounties, and for her eternal balance.

This is exemplified vividly by the natural principles of sharing and interdependence. The sun, for example, draws water from the oceans and rivers and pours it back onto the parched earth to make it green. Similarly, we must spend money with discretion; we should balance self-gratification with selflessness and social contribution.

Today the top 200 people in the world possess more money than the 2.5 billion people at the bottom of the ladder. This happened because man's innate greed has made him convert money to an end in itself. Instead, he must learn to use it as a means for a transparent and equitable co-existence of humanity.

Today, man has lost touch with two of the most fundamental aspects of money as an invention. Firstly, money was not invented to be kept idle in steel cases behind bars. Money is meant to create a balance between self-interest and the good of the community. With the rise of individualism, the concept of 'my money' has come into vogue.

When I was a child, there was no concept, no concept of 'my money' in the family. There was a common pool for the whole family. Each one of us dipped into that pool and received our share. What we spent affected every one else. This taught us the value of restraint. This gave rise to sharing and caring. We need to nourish this impulse in society.

Secondly, money was invented as a method to ensure greater self-ex-pression, self-satisfaction, and happiness for every human being in his personal capacity. Each man, or woman, is born with his or her own individual personality, nature, tendencies and life purpose. Spending money is always linked with an individual's personal philosophy of life.

Last year, at a vocational training programme for rural women at Jamnagar, we asked the ladies: "if you earned a hundred rupees, how would you spend it?" Ten per cent said they would go to the next fair and buy some jewellery. 20 per cent said they would spend it on the family. 25 per cent said they would donate it towards the construction of a village well, and 45 per cent said they would save it. When it comes to spending money, these four fundamental impulses guide people at all levels and at all times.

You spend money on yourself, on the family, on the community, and you save it for the future. A combination of all the above is a judicious mix.

As for myself, I can only say this much - God has blessed my family with adequate wealth. I am privileged to participate in using the resources of our family ventures towards making a significant impact in the areas of health and education. I also feel obliged to transfer a sense of gratitude and responsibility onto my children, so that they may deal with money and life in a discriminatory manner in their adult life.

From my own experience, in the last few years I have realised the fulfilment that comes from sincerely contributing to the welfare of the people.

Suddenly, the dimensions of my life have changed and have been uplifted. There is much more purpose and accomplishment in using money for the good of others.

I now find that my true inspiration for spending money comes from within, just as the true test for real happiness comes from within. I feel humbled, and deeply satisfied, if I can help someone who needs it. It is not what you possess, but what you do with what you have that determines your true worth.