Some stuff I am reading today morning:
Nearly 30% stocks trading below 2008 trading lows (Moneycontrol)
Sugar decontrol gears for surge (ET)
FIIs bet big on oil sector (BS)
India’s fledging startup sector sees exodus (Mint)
New intel wing to check service tax evasion (FE)
Who says mutual funds can’t make you rich?(TRB)
Research:Absolute momentum strategy (SSRN)
Interview with George Soros (SCMP)
Michael Burry Commencement Speech at UCLA (ScionCapital)
Why it pays to sell in May (MarketWatch)
This post is in continuation of my coat tailing series (see here)
Indian Syntans Investments Pvt. Ltd. is in the news because of their stake in MCF Ltd.
The portfolio of Indian Syntans as on Dec 31, 2012 as per stock exchange’s website is given below:
| Comp Name | # of Shares | % |
| Bayer CropScience | 450298 | 1.14 |
| Mangalore Chem &Fert | 9970000 | 8.41 |
Came across this interesting presentation “How to be a smart investor” by Ranjan Varma
This post is in continuation of my Money Saving Tips series (see here)
In the olden days, when a King wanted to punish somebody he used to gift him an elephant.The cost of feeding the elephant etc was so expensive that the recipient used to go broke.
In the modern world, using a Gillette Razor is like a white elephant.As part of their marketing strategy, the razor is fairly cheap but the blades are expensive (A pack of 5 Gillette Fusion Blades cost Rs.600).
So, how does one enjoy a Gillette shave and yet not blow up a wad of cash on the blades?The video below explains how
Estimated cost savings per year:Around 3000 Rs (Earlier, one blade used to last for 2 weeks, now it lasts for 6 months)
Email your own money saving tips to Alpha Ideas
Was attending an investment seminar recently where the speaker was expounding the benefits of investing in tax free bonds.One gentleman got up and asked “Sir, how can we invest in these bonds when we don’t have any money left?””
The truth is that high inflation and galloping expenses have eaten away at the purchasing power of most people.
Its quite unlikely that prices of anything (food,fuel, school fees,medical expenses,property tax,insurance,travel etc) will come down, in fact they will just keep increasing over time.
Is there a way out?Well, the answer lies in the old proverb “A penny saved is a penny earned”.
I am a starting a new series called Money Saving Tips.Basically, they will cover simple tips to save money.I would request readers to contribute tips from their own experiences so that we can all benefit