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Financial Non Traditional Thoughts

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He has to make the country strong economically and financially and make indians aware of its glorious culture and sanatana traditions. Other countries will on their own will gravitate and align with india. What he said a month ago about international yoga day is relevant. When the idea was put up 176 countries supported without any lobbying, coercion, or barter. His sincere and straight forward and direct approach has gained many friends and well wishers for him and the country. Culturally contiguous akanda bharat from afganistan to cambodia/vietnam, from tibet to srilanka need not be a dream.

sangom said:
Since this thread is about Financial Non Traditional thoughts, how about India under Narendra Modi's leadership setting up an Asian Monetary Fund to compete with the IMF and making the Indian Rupee as its currency? That one step could solve most of our problems and our coming generations will be able to borrow and borrow and live happily...ever after. Any comments?
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sangom said:
Since this thread is about Financial Non Traditional thoughts, how about India under Narendra Modi's leadership setting up an Asian Monetary Fund to compete with the IMF and making the Indian Rupee as its currency? That one step could solve most of our problems and our coming generations will be able to borrow and borrow and live happily...ever after. Any comments?
Click to expand...

Naw, he tried to do it with BRICS, but the dragon breathed fire and burnt the peacock's feathers.

The govt could, instead, devalue the inr.
 
zebra16 said:
As you were working in RBI, you must have been aware of Asian Monetary Units and Asian Currency Union of 1970-1990 era with its HQ in Tehran. The central banks of the participating countries were its members.

Though it is still existing on paper, the basic idea mooted by UN to secure regional co-operation between member states was not possible to achieve because the major countries like India, Iran, Pakistan, Myanmar, Bangla Desh, Sri Lanka each had some scores or other to settle against their adversarial members.

Also Asia Monetary Unit (AMU) was pegged at the equivalent of U S $ 1. so still the system was slave to the U S $.

Without surplus countries like Japan and China joining, where would they have the money to lend to other borrowing countries ?
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I am not very familiar with the forex developments, but my memory is that there was a "Asian Currency Union" hq'd in Teheran and the AC Unit equal to a US$ and a euro, was simply a lollipop to the asian countries who were probably led to believe as though they had achieved something very great.

What I suggest now is not a reenactment of this sham, but a real alternative to the US$ with its own value against the dollar.
 
Fed rate increase is a non starter.

Wall street honchos are cursing.

Yellen has taken shelter behind china and emerging markets for postponing it.

Case of "Adu nanigarathe enru onai azthutham'

Indian markets cheered the postponement by jumping beyond nifty 8050 [rise about 150 points].

Rupee got stronger getting to 65 plus levels.against the dollar.

Next event rate cut by RBI by month end latest.

Senior citizen should mourn and count their losses on FD interest.
 
The FD which was @9% Matured today But renewal wiil give only less than 8% I opted for Senior Citizen tax saving Bond with lock in for 5 year I expect the interest Rate to fall further in future!
 
My strategy - appreciate the FD by short term trade on stock market to make up the loss and sell, and reinvest in FDs..

Only if you make a loss -a little bit then curse and imagine FD rate has fallen further
 
krish44 said:
My strategy - appreciate the FD by short term trade on stock market to make up the loss and sell, and reinvest in FDs..

Only if you make a loss -a little bit then curse and imagine FD rate has fallen further
Click to expand...

In case of stock market loss, it is not FD rate has fallen but you have to assume that FD rate has turned negative as Government has declared war with Pakistan & GOI requires funds to fund the war program!
 
JJ ji
THanks for the above post.

Indian retail investor has turned savvy.

Minor quakes do not shake them .

They stay put in the market and do bargain hunting when scripts are at low level.

When FIIs exit domestic institutions will move in to prop up the sensex.

If rupee falls on global cues,RBI will pump in dollars to see it does not run down too much lower.

Most think rupee is still over priced .

So one more round of bloodletting when rupee goes down to find its right level.

In this type of financial scenario, FD rate changes have no meaning.

Less attachment to money is a solution.

Become a pauper and enjoy it as it happens over a period.lol
 
LOL.

the negative interest rates should be kept as a secret weapon by india to be unleashed at election time to demonstrate india shining.
 
JJ ji

Why do thoughts turn only to cheating when someone suggests wise investments instead of saving instruments?

This transformation from total savings with intermixing savings with investments in other papers in inevitable

We are heading towards a high spending and consuming economy with higher investment in non debt instruments like equities
 
krish44 said:
JJ ji

Why do thoughts turn only to cheating when someone suggests wise investments instead of saving instruments?

This transformation from total savings with intermixing savings with investments in other papers in inevitable

We are heading towards a high spending and consuming economy with higher investment in non debt instruments like equities
Click to expand...

I have the impression that even the Indian share market is some kind of cheating in which gullible public volunteer themselves to be cheated in a most hi-tech way! The market is "played" by those who can invest hundreds or thousands of crores of rupees, and they actually "play the market" by buying (which results in the prices going up) and selling when the prices reach a certain high level. When these big players start selling, the markets fall and the ordinary fellows are motivated to sell so as to prevent loss or prevent huge loss; but many end up selling at below purchase prices. The cumulative losses of these "ordinary" investors goes to form the profit made by the big players. This was explained by me once by a very seasoned and experienced share market operator (a very senior bank officer too) as something similar to churning curd and taking out butter and leaving the buttermilk without fat, to fend for itself!

High spending and consuming economy will not happen within the next 20 years, if you ask me, because either other countries should be ready to export to us on the basis of our IOUs or we should be able to produce much more of the consumable goods within our country itself. Both are unlikely to happen any time in the near future. Even if that happens, senior citizens may not be able to "consume" much and so their spending will be limited.

However, I do have a few people here who go on prodding me to go in for investment in shares. Discreet enquiries revealed that they are working like LIC agents of yore, bringing customers to share traders, their investment agencies or things like that, and earn a commission based on the initial investment which the 'bakra' makes. I don't know if such a thing is there in other parts of the country!
 
However, I do have a few people here who go on prodding me to go in for investment in shares. Discreet enquiries revealed that they are working like LIC agents of yore, bringing customers to share traders, their investment agencies or things like that, and earn a commission based on the initial investment which the 'bakra' makes. I don't know if such a thing is there in other parts of the country!
Click to expand...

A month back( before the stock market crashed ) my brother in USA was sending me the names of few stocks whose name I never heard much asking me to invest in the same . I asked him how did he arrive at these stocks and he told some one from India was sending him these tips to him regularly . I told him that receiving these tips on some unknown stocks is a danger sign that the market is overheated and some big HNI investors who have invested in these unkown stocks are waiting to exit and to create liquidity these tips are sent out so that all relatil investors will start buying them in small lots and the share price will keep rasiing and all relatil investors will keep clapping their hands only to relize later that those HNI invstors will dump them and the stock price will start coming down and these retail investors will keep buying them ( based on the tips ) in order to sell tham at a higher rate not realizing that they are catching a falling knife and they will soon bleed and true to that the market has fallen in the last 1 month .

I am neither for nor against Stock Market or investing in shares but do not want people to enter it with a superficial knowledge of stocks or the way stock market and brokers operate and they need to do their own due diligence before investing in a particular stocks and not rely on these tips that may turn out to be profitable in the short run but will not be in the long run .
 
sangom said:
I have the impression that even the Indian share market is some kind of cheating in which gullible public volunteer themselves to be cheated in a most hi-tech way! The market is "played" by those who can invest hundreds or thousands of crores of rupees, and they actually "play the market" by buying (which results in the prices going up) and selling when the prices reach a certain high level. When these big players start selling, the markets fall and the ordinary fellows are motivated to sell so as to prevent loss or prevent huge loss; but many end up selling at below purchase prices. The cumulative losses of these "ordinary" investors goes to form the profit made by the big players. This was explained by me once by a very seasoned and experienced share market operator (a very senior bank officer too) as something similar to churning curd and taking out butter and leaving the buttermilk without fat, to fend for itself!

High spending and consuming economy will not happen within the next 20 years, if you ask me, because either other countries should be ready to export to us on the basis of our IOUs or we should be able to produce much more of the consumable goods within our country itself. Both are unlikely to happen any time in the near future. Even if that happens, senior citizens may not be able to "consume" much and so their spending will be limited.

However, I do have a few people here who go on prodding me to go in for investment in shares. Discreet enquiries revealed that they are working like LIC agents of yore, bringing customers to share traders, their investment agencies or things like that, and earn a commission based on the initial investment which the 'bakra' makes. I don't know if such a thing is there in other parts of the country!
Click to expand...


Just like reverse mortgage there are reverse investing ideas too. There is no compulsion to buy or sell when the big players buy or sell. One can do a reverse transaction of buying when biggies are selling and wait to off load the shares to the biggies when they buy.

What is required, I feel, is courage of conviction and ability to wait out for the market to bounce back.

Share trader hardly earns anything worthwhile from an "Investor", his bread and butter clients is day traders, weekly traders and people who keep churning their portfolios.
 
sangom said:
I have the impression that even the Indian share market is some kind of cheating in which gullible public volunteer themselves to be cheated in a most hi-tech way! The market is "played" by those who can invest hundreds or thousands of crores of rupees, and they actually "play the market" by buying (which results in the prices going up) and selling when the prices reach a certain high level. When these big players start selling, the markets fall and the ordinary fellows are motivated to sell so as to prevent loss or prevent huge loss; but many end up selling at below purchase prices. The cumulative losses of these "ordinary" investors goes to form the profit made by the big players. This was explained by me once by a very seasoned and experienced share market operator (a very senior bank officer too) as something similar to churning curd and taking out butter and leaving the buttermilk without fat, to fend for itself!

High spending and consuming economy will not happen within the next 20 years, if you ask me, because either other countries should be ready to export to us on the basis of our IOUs or we should be able to produce much more of the consumable goods within our country itself. Both are unlikely to happen any time in the near future. Even if that happens, senior citizens may not be able to "consume" much and so their spending will be limited.

However, I do have a few people here who go on prodding me to go in for investment in shares. Discreet enquiries revealed that they are working like LIC agents of yore, bringing customers to share traders, their investment agencies or things like that, and earn a commission based on the initial investment which the 'bakra' makes. I don't know if such a thing is there in other parts of the country!
Click to expand...
undoubtedly retail investors are riding on the backs of HNI and global players who have invested 30% in indian markets.

the butter milk retail investor will get is better than almost negative returns one gets from FDs if inflation is considered.

one only has to go to rural areas to see the consumer boom in those areas.. even in urban areas , milkmen, newspaper men have mobiles and motorcycles.I see one

safai karamchari riding a bike with a long broom at the back everyday outside my home everyday. Consumption of discretionary consumer goods has skyrocketed.

Food is only a small component of consumer spending. It is huge speculative item for traders.

the markets are open for all foreign players of discretionary consumer goods. who does ot have a sony TV as preferred choice.

Why read motives in everyones actions.?

There is a mindset to suspect motives of anyone who suggests anything.

This is a brahmin mindset.

They are over possessive about their earnings and risk averse.

They would rather depreciate their money and blame the whole world for their woes .

they deserve only what they get from fixed instruments.
 
krish44 said:
There is a mindset to suspect motives of anyone who suggests anything.

This is a brahmin mindset.

They are over possessive about their earnings and risk averse.

They would rather depreciate their money and blame the whole world for their woes .

they deserve only what they get from fixed instruments.
Click to expand...


Why do you come and preach here where there is no one to spare their ears to your valuable advice?

What do you know about Brahmins and their mindset???

May be most of your neighbors are not Brahmins?

And may be most of your friends are not Brahmins?

Probably most of your colleagues were not Brahmins?

By going thro most of your postings, one can only conclude that you appear to be living in a world detached with Brahmin community not to speak about following Brahmins culture and traditions.

While so, your sweeping observation on Brahmins is nothing but an opinion of an highly prejudiced and narrow mind.

Generalising is incorrect and misleading.

Why do you repeatedly preach on investment in stock and shares with more who loathes to change on the ground that it is not their cup of tea?

Don’t try to overstep the decorum of this Forum by passing adverse comments on Brahmins mindset in general. Mind it.

You are free to practise whatever you think right using your discretion.

Advising others is also okay, but passing comments against those who don't follow is not in good taste. This speaks volume about your own mindset.
 
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The stock market crashed again since ADB - Asian development bank discounted indias growth rate for this year by 0.4 percentage points due to lack of reforms,weak

monsoons. Earlier Moodys had reduced the same by 0.5 %.

So again oppurtunities for buying good stocks at low prices.

Interest rates will be cut again by RBI for easing liquidity which is more misery for senior citizen

already bank deposit rates are down at 8 percent level with 0.5 extra for senior citizens,

In course of time if the European or US models are followed , senior citizens may not be able to live on FD interest if inflation falls too much due to deflation in

economy.

Whole sale index is in negative territory, CPI may go down on transmission .It is high partly on seasonal factors , so 3-4 % CPI is not far off with room for more rate

cuts in future.

Senior citizen have to look for other modes of income generation
 
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India has one of the highest savings rates . we believe in parking our money in banks, gold mostly. Indian families have very larges collections of gold as compared to

western nations in the world. We often hear of passing of gold from gran mothers to grand daughters. It is handed down generations. We are family oriented and have

social capital.In case we have to borrow , we would bank on relatives or friends than banks. If some start business , they get the start up capital only from family or

friends often on no interest. [brahmins do not get into business mode mostly].

Our investor thinking is limited to our enterpreneur class belonging to other castes whether it is ludhiana textiles , or tiruppur hosiery or sivakasi crackers.

These did not depend on banks for money.

Banks are for industrial corporate houses. Even here most are family businesses like birlas or tatas . most of these approach banks only to cover their risks.

If they make profits ,it is theirs. In case it is losses ,it is Banks NPA.lol

It is difficult for brahmins to be investment oriented. But if we go for open market models following europe or US , we are forced to become investing oriented against

our will.

We should have an inward looking ideology suiting india playngto our basic strengths , not western country oriented market economy nor the socialist model of soviets

or china
 
In a survey conducted on women teachers in coimbotore teaching stocks , shares, futures,option in subject classes in schools preferred to park their own money in banks

deposits and gold. There are differences in professional compulsions and personal preferences .

Savings in india extend to even the poorest . Even flower sellers borrowing money for working capital daily from money lenders in coimbotore, at 10% daily interest

,save every day.

They borrow about Rs 1000, make 400 rs profit , return 100rs and use 200rs and save 100 rs.Savings start at grass root level.

so it is difficult for us to change this behaviour regards in our lives I presume.

This different mindset calling for investing instead of savings is only for those who are thick skinned and who see oppurtunity in the model of economy that has been

thrust on us
 
krish44 said:
...
We should have an inward looking ideology suiting india playngto our basic strengths , not western country oriented market economy nor the socialist model of soviets

or china
Click to expand...

Very correct. But does share market risk-taking sync with the basic Indian ethos? I doubt very much.
 
sangom said:
Very correct. But does share market risk-taking sync with the basic Indian ethos? I doubt very much.
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I quite agree that it does not suit indian ethos. Having adopted a open market model like western countries or US what option do we have?

We can only atleast expose a part of our money to risk taking assets to stay afloat. A ratio of 30-35% share assets to 65-70 % mix works well

alternately we have to get reconciled to depreciating incomes.

Changing from savings orientation to investment mindset is not easy.It is not for all.
 
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