2010
Want to be a Billionaire? Hone your Emotional Quotient
Filed Under (Investor News) by Admin on 30-06-2010
Journalist Roger Lowenstein, author of “Buffett: The Making of an American Capitalist,” makes the case that it’s Buffett’s strength of character, as much as his smarts, that has made him so successful. To quote him:
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2010
Long short?
Filed Under (Hedge Funds) by Admin on 28-06-2010
France are out of the world cup and it’s Warren Buffett’s fault? Berkshire Hathaway short sold and profited from their demise. Negative bets “cause” failure according to those who blame short sellers. Did the team fail due to fundamental problems or short sales? Have sovereign debt spreads widened due to amateurs belatedly realizing there are no risk free bonds or professionals using credit derivatives? That fact is that long only markets where short selling and derivatives are not allowed have worse drawdowns and volatility.
Some say short selling is a drag on returns, derivatives should be banned while security analysis and active manager selection are a waste of time. If there is no such thing as investment skill, there is no such thing as sporting skill? Anyone competent knows FUTURE talent is detectable. It just takes hard work, due diligence and experience to find the top performers in advance. Skill must be unconstrained which is why mandating good managers to be long only gets similar results to blindfolding soccer players. For those who prefer human decisions to quant strategies, check out world cup referees “accuracy”.
2010
Investing - Total versus Annual Returns
Filed Under (Investor News) by Admin on 28-06-2010
Annual Return - It represents the rate of growth of an asset for one year taking into account dividends, capital gains and reinvestment of distributions. If the figure is expressed as a percentage yield the effect of compounding interest has been factored in as well. Alternative names are yearly return, one-year return, 1-year return, compounded rate of return, annualized return.
Total Return - The cumulative or total return on an investment over a specified time period , usually several years, including dividends, capital gains and reinvestment of distributions. Another term used for the same is cumulative return.
2010
Key Points to Remember While Making a Will
Filed Under (Investor News) by Admin on 21-06-2010
June 21, 2010: Writing a will, and that too an effective one, may not be an easy task. For most people it is best to get help of an attorney. However there few things that we need to be aware of before seeking legal counsel.
Exercise This Precious Gift Carefully
Our right to make a will and distribute our assets according to our wishes is given to us by our state of residence. To ensure that a will is properly drafted we need to abide by certain guidelines.
2010
Happy Father’s Day
Filed Under (Investor News) by Admin on 20-06-2010
Jun 20, 2010: Our heartiest best wishes to all fathers on this special day. We are indebted to our dads* for taking such good care of us. At an early age they laid the foundation of a strong character by leading from the front with integrity. That played a major role in shaping our character and personality based on solid values and principles.
We learnt about wise money management and frugality at a very young age. A part of the credit goes to our dads for spending time to educate us about personal finance. They also made us aware about the pitfalls of poor money management and debt. And thanks to the universe that we followed their advice. Many grateful thanks to our wonderful dads!
2010
Are You Totally Lost?
Filed Under (Investor News) by Admin on 18-06-2010
We wish you a wonderful weekend. Stay healthy and have fun :).
2010
9 Debt Hacks
Filed Under (Investor News) by Admin on 16-06-2010
We had outlined a general strategy about how we had determinedly paid off our debts. Today we found a detailed step by step process to pay off debt at fool.com. It covers various scenarios specific to the needs of different people and then outlines a practical approach towards dealing with each situation.
2010
Direct Deposit - What constitutes one?
Filed Under (Investor News) by Admin on 14-06-2010
2010
Small Savings Can Still Save Our Retirement
Filed Under (Investor News) by Admin on 09-06-2010
Jun 07, 2010: With increasing price of food and gas, it has become a challenge to save a substantial amount of our salaries to fund our retirement. The subprime mortgage fiasco has reduced the market value of our homes. Consequently, unless we have stellar credit records, it is becoming increasingly difficult to get credit these days. Also, with the rise in unemployment, our jobs are also becoming less secure as time passes. For us, Americans, this is one of the most financially challenging times in recent history.
Since the economy is in turmoil, it’s more important for us to contribute some money towards our retirement every month. Even a tiny monthly contribution, can grow into a tidy retirement savings via the power of compounding. Here is an example. Read the rest of this entry »
2010
Mutual Fund SAI - Should I Ask For It?
Filed Under (Investor News) by Admin on 07-06-2010
What is a Mutual Fund SAI?