If you ever wanted to know how lobbying works, or how any government loots…read on: The government makes a lot of money by introducing a Security Transaction Tax – paid by all buyers and sellers of equities. This is a fantastic tax – it collects a lot of money and the government has to collect […]
Sometime in 2007-8 the BSE decided to use something called corpfiling to get the information from the public. This replaced the earlier method of collecting information. When a company conducts a board meeting or discusses its quarterly results…it is necessary to tell the stock exchanges and the regulator what was the outcome of the meeting. […]
Amazing how Sebi even under Mr. Sinha is trying to increase costs for the Mutual fund industry’s investor… there is no doubt that the mutual fund industry is suffering from the after effects of Mr. Bhave and Don Quixote. However when Mr. Sinha came the industry was (perhaps) hoping for some relief. Well what has […]
2 calls and 3 sms in the morning had the same message! No it was not about PONGAL, Sankrant, Lohri…..it was: “Anil Ambani has been banned for doing something on the stock exchanges..what does it mean for our investments in Reliance Mutual fund?” Well I do not think this will impact Reliance Mutual fund in […]
Let us break some myths: 1. SEBI is here to protect the small investor: Well tried! Nobody is here to protect the small investor, but to keep the small investor a facade has to be created. So along with MCA, ROC, IRDA, CLB, ..one more body was needed to complete the alphabetic soup so the […]
For most readers of my blog this is an avoidable post. My simple, sincere, honest advice is stay away from options. However there are some die hard borrowers (leverage lovers) for whom options are tempting…and many times fatal. Options are risky is a right statement for investors. However if you are a trader who holds […]
The advantage of running a blog and doing some training is you meet people of various types, shapes and sizes. I meet people who have made immense amount of money in equity markets (upwards of Rs. 20 crores), people who are die-hard market timers (some have done well so somewhat debunking the theory that no […]