Tuesday 27 December 2011

Satyajit Das: The Cultural Transformation of the World of Finance (1/6)



by on Dec 22, 2011
When Satyajit Das started to work at a commercial bank, the world of finance was simple: banks made money by lending it. That was 44 years ago, and the tools of the trade have changed quite a bit since then. In this INET interview with Robert Johnson, Das describes some of the cultural changes that transformed the world of finance from the perspective of a practitioner and shows how traders of the "School of Hard Knocks" were replaced by a generation of traders that came straight from business school and overly relied on models and financial theory.


All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Business Line : Markets News : Gold should form 10-15% of asset allocation: IDBI Mutual

Business Line : Markets News : Gold should form 10-15% of asset allocation: IDBI Mutual


Gold should form 10-15% of asset allocation: IDBI Mutual

 No secular reason why gold prices should decline


Gold should form an important part of asset allocation of every investor as it is a meaningful asset option especially in times of uncertainty, a top official of IDBI Asset Management Ltd said.
“Everyone should have a sizeable amount, at least 10-15 per cent holding in gold as a prudent asset diversification strategy,” Mr Debasish Mallick, Managing Director and Chief Executive Officer, told Business Line.
In long-term financial planning, it is prudent to hold various assets and gold should be one of these, he said.
The fund house is the latest entrant to India's growing gold exchange traded fund market.

SAGE HAVEN OPTION

It mobilised Rs 110 crore in the gold ETF new fund offer that it launched during Diwali and has had the highest collection till date, Mr Mallick said.
Gold ETFs in India has seen substantial growth every year as the yellow metal has proved itself as a safe haven investment option.
“Gold ETF is the best buy option instead of physical gold. There is no wealth tax, you can sell anytime,” Mr Prithviraj Kothari, President, Bombay Bullion Association, said. According to him, it is a safe method of holding gold.
While Mr Mallick declined from making any gold price projection, he said, the global macro-economic situation remains uncertain. The yellow metal is seen as a safe haven asset and a hedge against inflation...



All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Gold prices may be down, but analysts predict rise in 2012 | Alaska Dispatch

Gold prices may be down, but analysts predict rise in 2012 | Alaska Dispatch

Gold prices may be down, but analysts predict rise in 2012

What is it with gold?
Spot gold prices soared to a record above $1,900 an ounce in early September, dipped below $1,600 late in the month, rebounded strongly, and then fell below $1,600 again last week. That's a 16 percent decline in three months, although the shiny metal is still up for the year.
Will the decline continue into 2012?
It could. Concerns about the euro debt crisis have sent investors scrambling to buy dollars as a haven from risk, rather than gold, which has caused the dollar price of gold to fall. When gold prices fell below their 200-day average last week, a technical sell signal, prices broke below $1,600 although they have recovered a little since then.
"What is surprising is that in an environment where headline risk news is bigger than ever, gold has actually fallen from its highs," Christoph Eibl, CEO and founding partner of the Swiss commodity hedge fund Tiberius, told Reuters.
With the euro debt crisis virtually certain to extend into the new year and the US economy still weak, keeping inflation tame, many analysts see gold prices could fall further. Yet, they do not anticipate any precipitous fall since gold serves as a kind of ballast to market volatility and as a store of value.
Looking further into 2012, many analysts are bullish on the precious metal.
For technical buyers, the signal could come early, if gold can break above its 200-day average of about $1620 an ounce......


All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Gold prices to see consolidation in first-half of 2012 - Business Today

Gold prices to see consolidation in first-half of 2012 - Business Today


Gold prices to see consolidation in first-half of 2012

B.S. Srinivasalu Reddy     Mumbai   December 27, 2011    
The year 2012 may give an opportunity to investors and households to increase their investments in gold at a relatively low level of Rs 25,000-25,500 for 10 gm. Those who have missed the bus earlier could wait for this opportunity before June.
"We suggest investors to buy gold, even in bulk, at Rs 25,000-25,500 per 10 gm during 2012, when the price of the precious metal consolidates in the first half. At this level, it would not have much of a downside risk, but would have high probability of going up," said Naveen Mathur, associate director-commodities and currencies of Angel Broking




In the first-half of 2012, gold prices are expected to witness consolidation as a sharp upside will be restricted on account of the ongoing economic uncertainty.

"However, by the second half of the year prices could witness a bounce back as by then the global economy will receive clarity over the lingering European debt crisis and an improving US economy, thus helping investors allocate investments with 'caution' taking a back seat," Mathur added.

Gold has marked its eleventh annual consecutive rise this year, despite falling sharply from its all-time high of $1,920/oz. It has gained 12 per cent in the dollar-denominated international markets, which dictate gold prices across the world, including India, from the opening level of $1,420.8 per troy ounce (31.1034 gm). It was trading at $1,606 per troy ounce when the market broke for year-end holidays last week......

http://businesstoday.intoday.in/story/gold-prices-movement-in-2012/1/21228.html

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

50 Things Everyone Should Know How To Do...marcandangel.com


Marc and Angel Hack Life

Practical Tips for Productive Living

 

jUNE 2ND, 2008 @ 7:56 AM  BY: MARC

50 Things Everyone Should Know
How To Do

Self-reliance is a vital key to living a healthy, productive life.  To be self-reliant one must master a basic set of skills, more or less making them a jack of all trades.  Contrary to what you may have learned in school, a jack of all trades is far more equipped to deal with life than a specialized master of only one.
While not totally comprehensivehttp://www.assoc-amazon.com/e/ir?t=marandang-20&l=ur2&o=1, here is a list of 50 things everyone should know how to do.

1.  Build a Fire – Fire produces heat and light, two basic necessities for living.  At some point in your life this knowledge may be vital.
2.  Operate a Computer – Fundamental computer knowledge is essential these days.  Please, help those in need.
3.  Use Google Effectively – Google knows everything.  If you’re having trouble finding something with Google, it’s you that needs help.
4.  Perform CPR and the Heimlich Maneuver – Someday it may be your wife, husband, son or daughter that needs help.
§  Learn CPR
5.  Drive a Manual Transmission Vehicle – There will come a time when you’ll be stuck without this knowledge.
6.  Do Basic Cooking – If you can’t cook your own steak and eggs, you probably aren’t going to make it.
7.  Tell a Story that Captivates People’s Attention – If you can’t captivate their attention, you should probably just save your breath.
8.  Win or Avoid a Fistfight – Either way, you win.
9.  Deliver Bad News – Somebody has got to do it.  Unfortunately, someday that person will be you.
10.  Change a Tire – Because tires have air in them, and things with air in them eventually pop.
11.  Handle a Job Interview – I promise, sweating yourself into a nervous panic won’t land you the job.
12.  Manage Time – Not doing so is called wasting time, which is okay sometimes, but not all the time.
13.  Speed Read – Sometimes you just need the basic gist, and you needed it 5 minutes ago. 
14.  Remember Names – Do you like when someone tries to get your attention by screaming “hey you”?
15.  Relocate Living Spaces – Relocating is always a little tougher than you originally imagined.
16.  Travel Light – Bring only the necessities.  It’s the cheaper, easier, smarter thing to do.
17.  Handle the Police – Because jail isn’t fun… and neither is Bubba.
18.  Give Driving Directions – Nobody likes driving around in circles.  Get this one right the first time.
19.  Perform Basic First Aid – You don’t have to be a doctor, or genius, to properly dress a wound.
20.  Swim – 71% of the Earth’s surface is covered by water.  Learning to swim might be a good idea. 
21.  Parallel Park – Parallel parking is a requirement on most standard driver’s license driving tests, yet so many people have no clue how to do it.  How could this be?
22.  Recognize Personal Alcohol Limits – Otherwise you may wind up likethis charming fellow.
23.  Select Good Produce – Rotten fruits and vegetables can be an evil tease and an awful surprise.
24.  Handle a Hammer, Axe or Handsaw – Carpenters are not the only ones who need tools.  Everyone should have a basic understanding of basic hand tools.
25.  Make a Simple Budget – Being in debt is not fun.  A simple budget is the key.
26.  Speak at Least Two Common Languages – Only about 25% of the world’s population speaks English.  It would be nice if you could communicate with at least some of the remaining 75%.
27.  Do Push-Ups and Sit-Ups Properly – Improper push-ups and sit-ups do nothing but hurt your body and waste your time.
28.  Give a Compliment – It’s one of the greatest gifts you can give someone, and it’s free.
29.  Negotiate – The better deal is only a question or two away.
30.  Listen Carefully to Others – The more you listen and the less you talk, the more you will learn and the less you will miss.
31.  Recite Basic Geography – If you don’t know where anything is outside of your own little bubble, most people will assume (and they are probably correct) that you don’t know too much at all.
32.  Paint a Room – The true cost of painting is 90% labor.  For simple painting jobs it makes no sense to pay someone 9 times what it would cost you to do it yourself.
33.  Make a Short, Informative Public Speech – At the next company meeting if your boss asks you to explain what you’ve been working on over the last month, a short, clear, informative response is surely your best bet.  “Duhhh…” will not cut it.
34.  Smile for the Camera – People that absolutely refuse to smile for the camera suck!
35.  Flirt Without Looking Ridiculous – There is a fine line between successful flirting and utter disaster.  If you try too hard, you lose.  If you don’t try hard enough, you lose.
36. Take Useful Notes – Because useless notes are useless, and not taking notes is a recipe for failure.
37.  Be a Respectful House Guest – Otherwise you will be staying in a lot of hotels over the years.
38.  Make a Good First Impression – Aristotle once said, “well begun is half done.”
39.  Navigate with a Map and Compass – What happens when the GPS craps out and you’re in the middle of nowhere?
40.  Sew a Button onto Clothing – It sure is cheaper than buying a new shirt.
41.  Hook Up a Basic Home Theater System – This isn’t rocket science.  Paying someone to do this shows sheer laziness.
42.  Type – Learning to type could save you days worth of time over the course of your lifetime.
43.  Protect Personal Identity Information – Personal identity theft is not fun unless you are the thief.  Don’t be careless.
44.  Implement Basic Computer Security Best Practices – You don’t have to be a computer science major to understand the fundamentals of creating complex passwords and using firewalls.  Doing so will surely save you a lot of grief someday.
45.  Detect a Lie – People will lie to you.  It’s a sad fact of life.
46.  End a Date Politely Without Making Promises – There is no excuse for making promises you do not intend to keep.  There is also no reason why you should have to make a decision on the spot about someone you hardly know.
47.  Remove a Stain – Once again, it’s far cheaper than buying a new one.
48.  Keep a Clean House – A clean house is the foundation for a clean, organized lifestyle.
49.  Hold a Baby – Trust me, injuring a baby is not what you want to do.
50.  Jump Start a Car – It sure beats walking or paying for a tow truck.
Check out these books for more ideas on pertinent life skills:


http://www.marcandangel.com/2008/06/02/50-things-everyone-should-know-how-to-do/


All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.