Top 5 Books on Investment and Finance : Must Read

In this article I will tell you the Best Books On Finance and Investment As I mentioned in earlier Post.
A lot of People have mentioned a lot of Books But Let me also mention what you can expect from each Book. 

Here are My top 5 book recommendations - 

#1 Rich Dad Poor Dad by Robert Kiyosaki

What will you learn?

• Why it is important to understand the basics of finance.
• How rich people think about money.
• How do some people stay mediocre while some become rich.
• How to grow your wealth.

#2 How to avoid loss and earn consistently by Presenjit Paul

What will you learn?

• How to identify the right stocks in the Indian context.
• How to avoid the common mistakes which result in people losing their money in the stock market.
• Insights into Indian stock markets.

#3 The Intelligent Investor by Benjamin Graham

What will you learn?

• Difference between a value investor and a speculator.
• Importance of margin of safety while investing.
• Why it is important to maintain a balance between debt vs equity exposure and how to do it.
• How to invest risk-free.

#4 One Up On Wall Street by Peter Lynch

What will you learn?

• It is not a rocket science to learn finance.
• How an ordinary person can pick stocks as efficiently as a Wall Street expert.
• Importance of investing in good companies than just looking at the stock price.

#5 Millionaire Next Door

What will you learn?

• Importance of saving and living a frugal lifestyle.
• How a millionaire become a millionaire.
• Why it doesn’t matter how much you earn but what matters is how much you save.
• How to save money.

Remember:

• Do not just read these books for the sake of reading.
• You need to read, re-read and repeat until you remember everything.
• You have to practice each and every principle.
• You do not need to read 100’s of books on finance and investing but need to read a few good books with dedication. These 5 books will set a strong foundation for your financial journey.
• Always stay away from quick money making tips.

Now it is Bing vs Google

Bing - if you wish to insult it you can expand it as ‘But, It’s Not Google’. But certainly it is not true. Bing is a new search tool from Microsoft which looks like next version of Google, but with some added features. While Google is taking over Microsoft’s monopoly with release of new tools, it is now Microsoft’s turn to shock Google and its supporters.

Bing is much like Google, that’s why I called it as next version of Google! There is a search box with all the options for specifying search for image, maps, shopping, videos, news etc. Difference could be felt once you enter some thing for search and hit search button. 

Here in Bing, no need to click on the result link to see what is inside. Just point on the result link, a pop up balloon shows the first few lines of the content. You need not to leave the result page to see what is there in it.

Bing gives a number of options to get what you looking for. Like in Google, if you search for Katrina you get the options for image search for the celebrity along with the search result. Here in Bing if you search for name of the celebrity you will be given option to choose news, image, quotes, biography etc. Similarly if you search for a disease, you can later choose to go for causes, treatment, remedy, news.

Similar to Google, Bing also allows you to search images. In Bing you can customize the size of the thumbnail. Also, there is no need to go to next page to view more images. You feel like you are viewing image from your own system. Details like sources, pixel are hidden and will be shown in balloon when you point to it.

Unlike Google video search, you can preview the video in Bing search for few seconds by pointing cursor to the thumbnail. Again you need not leave the result page to preview video.

Bing is just a child. It lacks a lot of features that Google offers. But for a normal search use it is now preferable along with Google. Bing makes searching more easy.

A Non IITian Success story

A M Naik, Chairman and MD, Larsen & Toubro (L&T) 

Success never asks for the certificates given by an institution. It is an inspiring story of Mr A M Naik (See Wikipedia), who struggled to speak in English climbed the top position in L&T, one of the prestigious corporate group of the country. This story by Shyamal Majumdar was published in Business Standard .

Consider what A M Naik has achieved in terms of making Larsen & Toubro (L&T) one of the most respected engineering conglomerates in the country. Now, consider his initial experience at L&T. Apart from the fact that he was not from any of the Indian Institutes of Technology (Naik did his mechanical engineering from Birla Vishvakarma Mahavidyalaya Engineering College in Vallabh Vidyanagar in Gujarat), his poor knowledge of English led him to make seven to eight mistakes in the first employment form he filled.


When he applied to L&T, he got a job, but the company reduced its initial offer by Rs 90 to Rs 670 a month and offered him a lower designation than what it had initially promised — all because the final interviewer thought he was a bit arrogant. Years later, Naik attributes this to a communication gap between him and the Englishman, who was the final interviewer. “I used to think in Gujarati and then translate it into English; the Englishman perhaps misunderstood what I had intended to say,” Naik said.


Naik could have easily given up on the L&T job, but didn’t, just to prove a point. He joined L&T on March 5, 1965, and became the workshop in-charge within one and a half years of joining the company. When he was not even 25, some 800 people reported to him. The rest is all too well known.


By the way title of the article was Opportunity in failures.

Money lost in the mid way of data transfer

Money!! If you imagine hard notes when some body tells the word money, consider you are still in the age of you grand father’s. Today money is in the form of electronic data. It is there in Banks computers, in your credit card, in your internet banking account. If you loose these data, you will loose your money.

With this brief idea, let me tell an incident. I usually recharge my prepaid mobile and pay bill through my internet banking account. I was recharging my mobile and I was redirected to my bank’s website from the mobile recharging portal. I clicked on pay button and confirmed the payment with my passwords. The information flow from the bank’s site to the payee site not happened and the recharge was not done. That means the mobile company did not get the amount. But the bank has already paid the amount. It was deducted from my account. Then, where is the money? It was lost with the data! That money was useless for that particular time until the communication error I corrected and refunded bank to the account!

Now consider the implication. Let the amount be little low, say a ten thousand rupees. Let the time taken to refund the amount be 5 day. When the bank calculates the interest for his account for the month this amount will not be considered and will not be paid. So he will loose three rupees. If it is just in the case of SB account which has lowest interest, what will be the implication of such money lost in the mid way through out the country?

I can easily say if the total amount lost in the data transfer for a day is pooled into BSE to purchase some share it BSE will gain at least a hundred points

ISKCON LTD is a good investment Choice

If you are looking for a better investment option ISKCON LTD will be a good choice!! It is not a real investment guide. An imagination if ISKCON goes for IPO and becomes a limited company which will never happen!!

ISKCON is running recession free business using Indian God Sri Krishna. Even if the recession attacks other businesses the Krishna Consciousness will arise in the recession hit people and hence ISKCON will continue to give good performance. Only a small part which might hit id fund raising activity though it will sustain as it has other way of fund raising apart from corporate donations.

ISKCON is running very innovative business. Even from the god to Prasadam! You might find Lord Krishna, Lord Narasimha some where near your house. But ISKCON gods are innovative products as they are Radha Krishna Chandra, Prahlada Narasimha etc. Even customers also get confused that they are different gods from what they usually see.

ISKCON has variety of Pasadam. It starts from simple Pngal to Gobi Manchurian. They have cakes, donuts, fizzas. Sometime the temple visitors get confused and visit the temple on the eve of Christmas. Music also very different and hears like rock band. The youth are targeted in this way and business is focused to be achieving further heights.

They are also investing in real estate. They are building Theme Park, Krishna Lila Park and are going to open their own super markets there. They already have their supermarket inside the temple. Market yard is hundred times more than the worshiping area which is their main business. From food to food grains, music to books, readymade dress to fancy item are available there.

Mid day meal program is also running successfully where in even government and some other major MNCs have their shares. In spite of number of cases and blames by the authorities it is being praised a lot by the general public.

ISKCON might be the first corporate office which is open to the general public.

Rupay : India`s Own payment brand card

There are 225 Million ATM cards in India, of which 90 Million are from a single Bank- State Bank of India, 0.55 Million merchants have PoS machines, Rs 3000 Crore is being dispensed every day from ATM machines. We are using American Branded Visa and Master Cards for all these. How much money they are making from giving their technology and brand name? What is the volume of personal financial data is getting transferred to US every day? So there comes an idea of India’s own card brand- RuPay.

NPCI- National Payment Corporation of India is a section 25 non profit organization formed by RBI and other Indian Banks. To bring the competition in cards, reduce the cost of card payments and card issuance and most importantly to secure the data within the nation NPCI has brought its own brand of card called RuPay. Already 12 co-operative banks and Regional Rural Banks are using the RuPay ATM cards, which can be used to withdraw cash from ATMs. By the end of March 2012, debit card will be launched using the flat form of Axis Bank and SBI as acquirer (bank to which PoS machines belongs to) and issuer of cards and Union Bank of India and Bank of India as card issuer. RuPay card holder can do shopping by April 2012. It will be ready for online transactions i.e. ecommerce by June 2012.

Apart from the main stream card business RuPay is also concentrating on financial inclusion. Adhar enabled biometric cards are being issued in Jarkhand by Axis Bank, Bank of India and SBI. RBI has given permission to 18 prepaid card service provider to issue prepaid cards with easy KYC to non bank customers and migrant labours.

RuPay will not be just an domestic card. RuPay has tie up with Discover Cards which is a neutral player for Indian market and 3rd largest card issuer (Visa and Master occupy first two positions and Amex occupy the position next to Discover. RuPay cost is 50% lesser than the Visa and Master cards which are dominating Indian market.

If you are Thinking about investing in india : Understand some facts

If you are looking for a advice about investing in indian market to earn money a lot than you are at a place of thoughts. In present time 21th century india is the world`s third largest economy So there is lot of expectation of huge returns from the indian market.

Here i am discussing about some fact so that before investing in indian market you can gain faith and confidence. The most important factor is stable government of india working under prime minister Mr. Narendra modi. I think that after seeing seven months work of modi`s government gain faith of FII. Mr. Narendra modi has good financial policies ,good vision and excellent planning to develop  indian economy  in a fast way that why indian market index (BSE) is stable at 28,000.

here i clear that I am not supporting any political party but I want to share my views on new stable government and effect of their policies on indian economy.

In the world lot of news are coming from many financial agencies that indian market is the best place for investing . I heard yesterday that international monetary fund said india would overtake china as the worlds fastest growing economy in the year to march 2017, which will mark a historic switching of roles.( Source:economic times). 
The IMF said india`s gross domestic product is likely to grow at 6.3% marginally down from 6.4% projected in october,in the next fiscal year and 6.5% in the year to march 2017,which will be the third year of the modi government.
So Equity investor are gaining confidence that worries over inflation are preceding and growth could gain momentum. 
Now I am sharing some top stocks of the indian market (Bomaby stock Exchange)  in which you can gain good profit and better trust compare to others.for detailed of the stocks you can check technical charts.  these stocks are 

 1.   Titan company 
 2.   United spirits
 3.    Lupin

 According to me,all the stocks mentioned can certainly give going forward.

4.   Crisil Ltd.
5.   MCX
6.  Housing finance Companies
7.  Rallis india Ltd.

if india`s economy grows in stable and very fast way as in present time than free cash flow ,no investment needed,difficult monopoly to break -then volume is going to go through the root,
So it is a proxy for india`s economic growth and the financial sector.

If you have any doubt about investment in indian market than comment below .We will discuss.

Some Business Ideas in India

To make the ideas for business fruitful and working focus on those activities that help you generate a good amount of financials and also a good ROI.. You don't have to do a huge business but just the right plan and a good execution will make way for it. An idea of a business plan works if you measure the time and save by establishing rules in your business and thus spend a lot of time on your business.

ROI can be measured by the prestige of the company and the industry as such and how much the opportunities the company has.

• Will your business idea lead to a bigger business and success?
  • To determine this, you have to analyze your vision and mission of the company. If you spend a focused time and move closer to your goal then will you reach your desired outcome?
    
    How would you determine the returns from your business?Determine the cash outflow. The outflow cash need to be determined in advance.
    Will the ROI help in reduction of the errors?Determine how the ROI will impact your business
    How will it increase the time and the prestige of my company?
    

    
    
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• This is to position your company as a business leader and also entice all your business prospects. There are numerous things that you can do with a good business idea in India. The investment wouldn't be high but with a minimal amount of capital you can start being your own master.
Here are a few ideas that you can take up as a startup business idea: