As extension of his new Primer Series – How to Invest into anything? , the author starts with most primitive form of Savings and Investment – Gold. He contends that his research on gold indicated that United States has frittered away most of its gold in either hedging or shorting operation. Although the gold is physically held by US, the true ownership lies elsewhere for about 6297 tons of gold. (in his new book – Sub Prime Resolved – Chapter 14 He therefore feels that the gold prices could go through the roof when this reality hits the major hedge funds and large investors. In this primer, he outlines the true value of gold investing, and goes on to describe each product variation in brief details. Why should one invest into Physical gold rather than in derivatives or paper gold, he is very specific. The present financial turmoil has not ended, and if one invests into some paper assets lying with brokers or banks who may fail, there is no recourse available to investors to capitalize on massive rally in the offing. Read more… you will learn about gold more than you already know
The author teaches the Investors the basic art of investing. He tells him how to, where to and when to invest into anything. He exhorts the investor to prepare themselves mentally before they dabble into investing. This is a first introductory chapter. The whole seris will deal with plethora of investment products from Property to gold, stocks to bonds, commodities to derivatives by explaining all basis, pitfalls and potential rewards. However, the most important thing is the mental set up. Investment is a mental game, he says. Read further
This is a sequel to Satyam Scandal in India. The author investigates like a forensic detective where the Auditors went wrong and how could they have missed the mountain and searched for a mole. The fraud could have been easily detected by the Auditor Price Waterhouse, India Chapter, which is part of Price Waterhouse Coopers, USA. The author points out exact mistakes committed by the Auditors. This shows the inadequacies of the accounting standard. While Investors depend on the Auditors for proper accounts so that they are not taken for a ride, the Auditors behave negligently and certify most of the accounts of listed companies based on relationship with the management or some other considerations .
Recent terrorist attack in Mumbai killed over 125 and injured 300. It was most brazen act equated with 911 on United States. This has promoted call to curb the Islamic terrorism in its bud and address the challenge to do what has not been done in India over 60 years. Things have changed in last 6 decaldes, aspirations of the people also changed. The modern India needs modern constitution. The old constitution lived its life. It is time to change it completely. Author critically evaluates entire scenario that have long term effect. Read the article.
The Author tried to address the hypes on one of India’s most premium business house – Reliance Induustries Ltd, and its presently promoted Reliance Petroleum Ltd. (RPL) a massive green refinery, ranked 6th largest in the world. The refinery, in which Chevron holds 5% stake, comes on production stream in December 08 (now delayed to Jan 09). The stock price of this unborne child went on as high as 259. Currently trading at Rs 82, the author argues that the stock of this prized company could drop to 30 to 60 level due to host of factors, including hitherto unknown Rs 77oo crores of derivatives outstanding (US$ 1.6 billions). Too many shares – 4.5 billions are too much to digest in the market, although 70% is owned by its parent RIL – first ever Fortune 500 Indian company.
The author analyzes the reasons for indida’s ailment, its misguided rupee policy, how weaker rupee hurts the economy and foreign investment, damaging measures taken by SEBI, RBI, Finance Ministry in hurting the rupee and their own economy. One of the finest essay on the Indian economy.
The Author addresses investor’s basic needs at the heightened stage of market stress. He provides comprehensive guidance to almost all Investors – personal to professionals -how to handle their portfolio at this point of time. He narrates in very simple language when to invest new money, and until such time, how to rebalance their present portfolio with existing resources. He also provides tool such as Excel spreadsheet with demo examples. No Author has ever provided such guidance ever. The Author has 40 years of rich experience in banking, stocks, bonds, currencies, commodities in international market.