Archives: 2009 March
Fantasy accounting
March 31st, 2009, No Comments
I recently read the news on suspending AS11 accounting standards for the next 2 years in view of the dramatic changes in international markets. In the last one year, the rupee has suddenly depreciated from 40s level to 50s declining by more than 20% during this period. Most of the companies were caught by surprise [...]
Getting cheated
March 26th, 2009, No Comments
I am mad ! very very mad. See this news item on novartis india. Novartis AG has announced an open offer for Rs 351 per share with the aim of taking their shareholding to 90%. Although they have not stated any plans for delisting, I think once the shareholding reaches 90%, delisting norms could kick [...]
A few thoughts on other instruments
March 23rd, 2009, 3 Comments
I received the following comment from Raj. I am posting my response via a post. Please feel free to share your comments Hi Rohit/Everybody, Can we include below mentioned financial instruments in personal finance and short comments (how easy they are for new investors, who should dabble with them, pros/cons) on them: A) Commodities B) [...]
Evaluating various personal finance schemes
March 20th, 2009, No Comments
I typically don’t write much on personal finance. The key reason is that it does not hold much interest for me and does not challenge me. After you have spent 1-2 years reading on investing, evaluating a scheme is quick and easy. In addition, there are a lot of other blogs and magazines which do [...]
Why unit linked plans are a bad idea ?
March 17th, 2009, No Comments
I recently visited icici and HDFC bank for some personal work and some of the sales folks at these branches went into a sales pitch, pushing their respective unit linked plans. These unit linked plans are a combination of an Insurance policy and mutual funds. The key highlights of these plans are Highlights - An [...]
Letter to shareholders from Warren buffett – Some thoughts
March 10th, 2009, No Comments
Warren buffett as most of you must be aware is considered as one of the foremost investors. He is the chairman of Berkshire Hathaway and publishes an annual letter to shareholders which is a must read for any aspiring or seasoned value investor. You can access his letters here. The 2008 letters was published more [...]
