Emerging Market Funds

Templeton Emerging Markets Fund

View Factsheet:. Templeton Emerging Markets Fund ... Long-term capital growth by investing mainly in equity securities of emerging market companies, ..

AGF Emerging Markets Fund

AGF Emerging Markets Fund is managed by Patricia Perez-Coutts using a bottom-up style. This equity fund invests in the best emerging market growth companies ...

Emerging-Market ETFs: A Sampler

Some emerging-market ETFs are more diversified than others, ... In 2006, the MSCI Emerging Markets Index and the Vanguard fund both had returns close to 30% ...

UBS - Fund Gate

Welcome to UBS Fund Gate, Please select your country of residence. ... Welcome to UBS Fund Gate. Welcome to UBS Fund Gate ...

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Moneychimp: Articles and interactive features explain investing and personal finance.

Why index investing makes sense...
What indexes and index funds are...
How to build a simple portfolio...
...and a tiny list of index funds and ETFs.

Small Value is Good
(or is it?)

Stock Market Randomness
(it isn't normal)

Financial Statements: the Big Picture.

Understanding the Roth IRA
How it works, why it's great; with Roth vs Regular calculator.

New: Roth Choices, Contribution Limits

Learn volatility basics; plan your life with a Monte Carlo calculator.

Intro to Modern Portfolio Theory: understand diversification and the Efficient Frontier, find a portfolio with the maximum Sharpe Ratio; why index funds are theoretically optimal.

The Rule of 72
How to estimate compound interest, and why the estimate works.

Capital Gains Calculator
What effect will the new low rates have on your investing?

Tax Brackets
How big was your tax cut?

Inflation Calculator

Stock market CAGR-lator.

Value Investing: How Much are Stocks Worth?

Learn the logic of stock valuation with a discounted cash flows calculator... plus P/E, P/S and PEG ratios, CAPM, DDM ... Buffett's secret formula (?) ... and a Grahamatron with Artificial Ben-telligence.

Confused by the economy? Try the guide to Economic Indicators; trace the components of the Gross Domestic Product; learn the twisty little logic of Government Spending and Tax Cuts; worry about Inflation.

How Finance Works:
interactive graphs explain bond yield, compound interest, present value,
stock valuation, mortgages....

Does Dollar Cost Averaging make volatility "work for you"?

Do Fibonacci Numbers predict stock prices?

Is the January Effect for real?

. . .

Eggheads & germs, commies & vampires; Pols in space; How rich would Elvis be?

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Day Trading --- U.S Securities and Exchange commission advice

Day traders rapidly buy and sell stocks throughout the day in the hope that their stocks will continue climbing or falling in value for the seconds to minutes they own the stock, allowing them to lock in quick profits. Day trading is extremely risky and can result in substantial financial losses in a very short period of time. If you are a day trader, or are thinking about day trading, read our publication, Day Trading: Your Dollars at Risk. We also have warnings and tips about online trading and day trading.

Under the rules of NYSE and NASD, customers who are deemed "pattern day traders" must have at least $25,000 in their accounts and can only trade in margin accounts. For more information, you can read the NASD's Notice to Members and the New York Stock Exchange's Information Memo.

The Connecticut Council on Problem Gambling has a quiz to help you decide if you are gambling in our markets and where to go for help.

S&P CNX Nifty

Home > Indices > IISL Indices > S&P CNX Nifty

Nifty Watch

S&P CNX Nifty is a well diversified 50 stock index accounting for 22 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds.

S&P CNX Nifty is owned and managed by India Index Services and Products Ltd. (IISL), which is a joint venture between NSE and CRISIL. IISL is India's first specialised company focused upon the index as a core product. IISL have a consulting and licensing agreement with Standard & Poor's (S&P), who are world leaders in index services.

The average total traded value for the last six months of all Nifty stocks is approximately 45.24% of the traded value of all stocks on the NSE
Nifty stocks represent about 57.92% of the total market capitalization as on April 10, 2007.
Impact cost of the S&P CNX Nifty for a portfolio size of Rs.5 million is 0.08%
S&P CNX Nifty is professionally maintained and is ideal for derivatives trading

List of S&P CNX Nifty stocks

Home > Exchange Traded Funds

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Home > Exchange Traded Funds
	Exchange Traded Funds ETFs are just what their name implies: baskets of securities that are traded, like individual stocks, on an exchange. Unlike regular open-end mutual funds, ETFs can be bought and sold throughout the trading day like any stock. Most ETFs charge lower annual expenses than index mutual funds. However, as with stocks, one must pay a brokerage to buy and sell ETF units, which can be a significant drawback for those who trade frequently or invest regular sums of money. They first came into existence in the USA in 1993. It took several years for them to attract public interest. But once they did, the volumes took off with a vengeance. Over the last few years more than $120 billion (as on June 2002) is invested in about 230 ETFs. About 60% of trading volumes on the American Stock Exchange are from ETFs. The most popular ETFs are QQQs (Cubes) based on the Nasdaq-100 Index, SPDRs (Spiders) based on the S&P 500 Index, iSHARES based on MSCI Indices and TRAHK (Tracks) based on the Hang Seng Index. The average daily trading volume in QQQ is around 89 million shares. Their passive nature is a necessity: the funds rely on an arbitrage mechanism to keep the prices at which they trade roughly in line with the net asset values of their underlying portfolios. For the mechanism to work, potential arbitragers need to have full, timely knowledge of a fund's holdings.

NSE Certificate in financial markets---Curriculum & Study Material

Home > NCFM > Curriculum & Study Material
	Financial Markets: A Beginners' Module: Curriculum \| Study Material Derivatives Market (Dealers) Module: Curriculum \| Study Material Capital Market (Dealers) Module: Curriculum \| Study Material Securities Market (Basic) Module: Curriculum \| Study Material FIMMDA-NSE Debt Market (Basic) Module: Curriculum \| Study Material Surveillance in Stock Exchanges Module: Curriculum \| Study Material NSDL - Depository Operations Module: Curriculum \| Study Material Commodities Market Module : Curriculum AMFI - Mutual Fund (Basic) Module: Curriculum \| Study Material AMFI - Mutual Fund (Advisors) Module: Curriculum \| Study Material Corporate Governance Module: Curriculum \| Study Material Compliance Officers (Brokers) Module : Curriculum \| Study Material Compliance Officers (Corporates) Module : Curriculum \| Study Material Information Security Auditors Module (Part-1) : Curriculum Information Security Auditors Module (Part-2) : Curriculum

Day Trading --- U.S Securities and Exchange commission advice

The Connecticut Council on Problem Gambling has a quiz to help you decide if you are gambling in our markets and where to go for help.

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Alpha Profiles the Top 25 Moneymakers:

20 Apr 2007

James Simons, Kenneth Griffin, and Edward Lampert

Page 1 of 2 | Single Page

JAMES SIMONS

Renaissance Technologies Corp.

$1.7 BILLION

EVEN THE MOST SUCCESSFUL hedge fund managers have to shake their heads in wonderment at the extraordinary continued success of Renaissance Technologies Corp. founder James Simons. Last year his $6 billion Medallion fund posted a 44 percent return after fees, easily exceeding its roughly 36 percent average annualized net return since he launched the quant-based fund in 1988. What makes his performance all the more impressive is that the 69-year-old Simons, who has a Ph.D. in mathematics from the University of California, Berkeley, and once worked as a code breaker for the U.S. Department of Defense, charges a hefty 5 percent management fee and 44 percent performance fee. (The gross return was an astonishing 79 percent.) With $1.7 billion in estimated earnings, Simons tops our list of the best-paid managers for the second straight year.

Medallion, which is closed to outside investors, uses sophisticated computer programs to identify price anomalies, trading everything from equities and commodities to futures and options. An acclaimed mathematician, Simons has hired about 80 Ph.D.s at Renaissance's offices in Manhattan and East Setauket, New York, to find ways to enhance his firm's existing strategies and discover new ones. In August 2005 he launched the Renaissance Institutional Equity Fund, a long-short product that invests exclusively in equities and has a longer holding period for its securities than does frenetic Medallion. By maintaining a net exposure to the market of 100 percent, RIEF has been popular among institutional investors looking for higher returns from their traditional equity allocation. The fund has quickly grown to $20 billion, or one fifth of its stated $100 billion capacity; it was up about 20 percent last year.

Simons, who has said publicly that most of the researchers Renaissance has hired in the past seven years were educated outside the U.S., is a major proponent of boosting math skills. He was named to the National Mathematics Advisory Panel by President George W. Bush's administration to suggest ways to advance the teaching of math and is the founder and chairman of Math for America, a nonprofit organization whose mission is to improve math education in U.S. public schools.

In February, Simons received an award from software and IT solutions company SunGard and the International Association of Financial Engineers as their 2006 financial engineer of the year. At the award dinner, which was held at the United Nations, in New York, Simons told the crowd that although he was flattered to receive the prize, before getting it he never really thought of himself as a financial engineer. "At Renaissance we have lots of smart, imaginative people making lots of money," he said. "If that's financial engineering, I'm all for it."

KENNETH GRIFFIN

Citadel Investment Group

$1.4 BILLION

KENNETH GRIFFIN HAS COME A long way since he began trading convertible bonds from his dorm room in Cabot House at Harvard College. Griffin, who founded Chicago-based Citadel Investment Group in 1990, when he was just 22, is building an empire that has more in common with the business of another famous Harvard student -- Microsoft Corp. chairman Bill Gates -- than it does with most hedge funds. Nearly half of Citadel's more than 1,000 employees work in technology, developing and maintaining not only the firm's proprietary investment models but also its state-of-the-art hedge fund administration and electronic trading platforms. Citadel Execution Services, which trades an average of 150 million shares a day, has been offering market making to investors, including other hedge funds, since 2005. Citadel Solutions, which provides middle- and back-office administration services using the same technology developed for Citadel's own funds, opened for business just this spring.

The buildout of Citadel's non-hedge-fund businesses has fueled speculation that Griffin, now 38, is preparing to take his company public. The timing would be propitious. In 2006, Griffin enjoyed his best returns since 2002. Each of his two main funds -- Kensington Global Strategies and Wellington -- was up about 30 percent, net of Citadel's 20 percent performance fee. (The firm does not assess a management fee; instead, it charges all expenses to the fund.) The gains were spread across a variety of strategies, including long-short equities, quantitative, credit and energy. At least 5 percentage points of the firm's returns were directly attributable to the decision by Citadel to team up with JPMorgan Chase & Co. to buy, at a discount, the bulk of the energy portfolio of collapsed hedge fund Amaranth Advisors. At the end of 2006, Citadel had $12 billion in assets under management.

Griffin and his wife, Anne, who has her own hedge fund firm, Aragon Global Management, are among the world's biggest art collectors. Last year they paid $80 million for False Start, a 1959 work by Jasper Johns. In October the couple gave $19 million to the Art Institute of Chicago, which in turn will name the central court of its new Modern Wing, currently under construction, the "Kenneth and Anne Griffin Court."

1 | 2 Next

Sunday, July 01, 2007

Influences, news, issues, interesting stuff:

List of billionaires (2007)

This list of billionaires is based on an annual ranking of the world's wealthiest people compiled and published by Forbes magazine in March 2007^[1] including some revisions announced by Forbes later in 2007.^[2] There are altogether 946 billionaires on this list with 178 newcomers and 17 returning. The total net worth is an estimate measured in United States dollars, based on the closing stock prices and exchange rates on 9 February 2007, with the second and third place rankings updated in April, 2007.^[2]

Though Carlos Slim Helú is now listed in second place, due to exchange rates, stock valuations, and the overall impossibility of selling all shares at an equal price, the top three placeholders are statistically indistinguishable.^[2]

The combined net worth of the list is US$3.5 trillion, a US$900 billion increase from 2006.^[3]

Top billionaires reported by Forbes

#	Name	Net Worth	Citizenship	Source
1	William H. Gates III	US$56.0 billion	United States	Microsoft
2^[2]	Carlos Slim Helú	US$53.1^[2] billion	Mexico	Telmex, América Móvil, Grupo Carso
3^[2]	Warren Buffett	US$52.4^[2] billion	United States	Berkshire Hathaway, Investments
4	Ingvar Kamprad	US$33.0 billion	Sweden	IKEA, Real Estate
5	Lakshmi Mittal	US$32.0 billion	India	Arcelor Mittal
6	Sheldon Adelson	US$26.5 billion	United States	Las Vegas Sands
7	Bernard Arnault	US$26.0 billion	France	Louis Vuitton
8	Amancio Ortega	US$24.0 billion	Spain	Inditex Group
9	Li Ka-shing	US$23.0 billion	Hong Kong	Cheung Kong Holdings, Hutchison Whampoa
10	David Thomson and family	US$22.0 billion	Canada	Thomson Corporation
11	Lawrence Ellison	US$21.5 billion	United States	Oracle Corporation
12	Liliane Bettencourt	US$20.7 billion	France	L'Oréal
13	Prince Alwaleed Bin Talal Alsaud	US$20.3 billion	Saudi Arabia	Kingdom Holding Company
14	Mukesh Ambani	US$20.1 billion	India	Reliance Industries Ltd
15	Karl Albrecht	US$20.0 billion	Germany	ALDI
16	Roman Abramovich	US$18.7 billion	Russia	Millhouse Capital
17	Stefan Persson	US$18.4 billion	Sweden	Hennes & Mauritz
18	Anil Ambani	US$18.2 billion	India	Anil Dhirubhai Ambani Group
19	Paul Allen	US$18.0 billion	United States	Microsoft
20	Theo Albrecht	US$17.5 billion	Germany	ALDI
21	Azim Premji	US$17.1 billion	India	Wipro Technologies
22	Lee Shau Kee	US$17.0 billion	Hong Kong	Henderson Land Development
23	Jim Walton	US$16.8 billion	United States	Wal-Mart
24	Christy Walton and family	US$16.7 billion	United States	Wal-Mart
24	S. Robson Walton	US$16.7 billion	United States	Wal-Mart
26	Sergey Brin	US$16.6 billion	United States	Google
26	Larry Page	US$16.6 billion	United States	Google
26	Alice Walton	US$16.6 billion	United States	Wal-Mart
29	Helen Walton	US$16.4 billion	United States	Wal-Mart
30	Michael Dell	US$15.8 billion	United States	Dell
31	Steven Ballmer	US$15.0 billion	United States	Microsoft
31	Kirk Kerkorian	US$15.0 billion	United States	Tracinda Corporation
31	Raymond, Thomas and Walter Kwok	US$15.0 billion	Hong Kong	Sun Hung Kai & Company
34	François Pinault	US$14.5 billion	France	PPR
35	Suleiman Kerimov	US$14.4 billion	Russia	Gazprom, Sberbank
36	Vladimir Lisin	US$14.3 billion	Russia	Novolipetsk Steel
37	Jack C. Taylor and family	US$13.9 billion	United States	Enterprise Rent-A-Car
38	Vladimir Potanin	US$13.5 billion	Russia	Interros
38	Mikhail Prokhorov	US$13.5 billion	Russia	Interros
40	Oleg Deripaska	US$13.3 billion	Russia	Rusal
40	Michael Otto and family	US$13.3 billion	Germany	Otto GmbH
42	Carl Icahn	US$13.0 billion	United States	TWA
42	Abigail Johnson	US$13.0 billion	United States	Fidelity Investments
44	Adolf Merckle	US$12.8 billion	Germany	Phoenix Pharmahandel
45	Barbara Cox Anthony	US$12.6 billion	United States	Cox Enterprises
45	Anne Cox Chambers	US$12.6 billion	United States	Cox Enterprises
45	Mikhail Fridman	US$12.6 billion	Russia	Alfa Group
48	Vagit Alekperov	US$12.4 billion	Russia	LUKoil
49	Charles Koch	US$12.0 billion	United States	Koch Industries
49	David Koch	US$12.0 billion	United States	Koch Industries
51	Silvio Berlusconi and family	US$11.8 billion	Italy	Fininvest
52	Nasser Al-Kharafi and family	US$11.5 billion	Kuwait	M. A. Kharafi & Sons
52	Leonardo Del Vecchio	US$11.5 billion	Italy	Luxottica
54	Alexei Mordashov	US$11.2 billion	Russia	Severstal
55	Duke of Westminster and family	US$11.0 billion	United Kingdom	Grosvenor Group
55	Spiro Latsis and family	US$11.0 billion	Greece	EFG Bank Group
55	Birgit Rausing and family	US$11.0 billion	Switzerland	Tetra Laval
58	Forrest Edward Mars, Jr.	US$10.5 billion	United States	Mars, Incorporated
58	Jacqueline Mars	US$10.5 billion	United States	Mars, Incorporated
58	John Mars	US$10.5 billion	United States	Mars, Incorporated
61	Viktor Vekselberg	US$10.4 billion	Russia	Renova Group
62	Serge Dassault and family	US$10.0 billion	France	Dassault Group
62	Charles Ergen	US$10.0 billion	United States	EchoStar Communications Corporation
62	Michele Ferrero and family	US$10.0 billion	Italy	Ferrero SpA
62	Naguib Sawiris	US$10.0 billion	Egypt	Orascom Telecom Holding
62	Kushal Pal Singh	US$10.0 billion	India	DLF Group
62	Alain and Gerard Wertheimer	US$10.0 billion	France	Chanel
68	Susanne Klatten	US$9.6 billion	Germany	Altana
69	Philip Knight	US$9.5 billion	United States	Nike Inc.
69	Sunil Mittal and family	US$9.5 billion	India	Bharti Telecom
71	John Kluge	US$9.1 billion	United States	Metromedia
71	Vladimir Yevtushenkov	US$9.1 billion	Russia	Sistema
73	Rupert Murdoch	US$9.0 billion	United States	News Corporation
73	Hans Rausing	US$9.0 billion	Sweden	Tetra Laval
73	Reinhold Würth	US$9.0 billion	Germany	Würth
76	Ernesto Bertarelli	US$8.8 billion	Switzerland	Serono
76	Pierre Omidyar	US$8.8 billion	United States	eBay
78	Maria-Elisabeth and Georg Schaeffler	US$8.7 billion	Germany	Schaeffler Group
79	Rafael del Pino and family	US$8.6 billion	Spain	Ferrovial
80	Donald Bren	US$8.5 billion	United States	Irvine Company
80	George Kaiser	US$8.5 billion	United States	BOK Financial Corporation
80	George Soros	US$8.5 billion	United States	Soros Fund Management
83	Nikolai Tsvetkov	US$8.4 billion	Russia	Nikoil Financial
83	August von Finck	US$8.4 billion	Germany	Allianz
85	Dan Duncan	US$8.2 billion	United States	Enterprise Products
86	Mohammed Al Amoudi	US$8.0 billion	Saudi Arabia Ethiopia	Corral Petroleum Holdings
86	Abdul Aziz Al Ghurair and family	US$8.0 billion	United Arab Emirates	MashreqBank
86	Kumar Birla	US$8.0 billion	India	Aditya Birla Group
86	German Khan	US$8.0 billion	Russia	Alfa-Eco
86	Iskander Makhmudov	US$8.0 billion	Russia	Uralskaya Gorno-Metallurgicheskaya Kompaniya
86	Sumner Redstone	US$8.0 billion	United States	National Amusements
86	Shashi and Ravi Ruia	US$8.0 billion	India	Essar
93	Philip Anschutz	US$7.9 billion	United States	The Anschutz Corporation
93	Galen Weston and family	US$7.9 billion	Canada	Associated British Foods
95	Enrique Bañuelos	US$7.7 billion	Spain	Astroc
96	Stefan Quandt	US$7.6 billion	Germany	BMW
97	Maan Al-Sanea	US$7.5 billion	Saudi Arabia	Saad Group
97	Edward Johnson III	US$7.5 billion	United States	Fidelity Investments
99	Sulaiman Al Rajhi	US$7.4 billion	Saudi Arabia	Al-Rajhi Bank
100	Donald Newhouse	US$7.3 billion	United States	Condé Nast Publications
100	Samuel Newhouse Jr	US$7.3 billion	United States	Condé Nast Publications

Seed Interview with James Simons

The billionaire hedge fund manager discusses the impact of mathematics on his former life in academia and his new one in finance.

by Joshua Roebke • Posted September 19, 2006 04:01 AM

Jim Simons, businessman and founder of Math for America Credit: AP Photo/Jason DeCrow

James Simons is sometimes referred to as 'Elvis' within hedge fund circles. He's the king, and you always know when he's left the building.

If you haven't heard of him, it's because he deliberately maintains a low profile. In Simon's business, secrecy is the key to abiding success. But, when rumors spread in 2005 that he was starting a new $100 billion hedge fund, people outside of his field also began to take notice of him.

Before becoming one of the top money managers in the world, Simons was a decorated mathematician. His work was primarily in geometry, peripherally related to the Poincare conjecture, which Grisha Perelman recently won a Fields Medal for solving. Simons' work on differential geometry, which he did in collaboration with S. S. Chern, has proved useful to string theorists.

Simons is also a generous philanthropist. He has donated significantly to math education, universities, and plans to give over $130 million in the next few years to the study of the genetic basis of autism. He also recently gave $13 million to keep the Relativistic Heavy Ion Collider at Brookhaven National Laboratory running when the Department of Energy announced a funding shortfall this past year.

In early September, I visited his rather spartan offices to talk to him about math, business, and his philanthropy.

When did you first get interested in math? Was there a singular moment, like Einstein and his compass, that turned you on to math?
I was always interested in math, even when I was a very little kid. I don't know what compass moment Einstein had, but there was rarely a doubt in my mind that I would do anything except mathematics. There was a brief period I thought I might like to be a Rabbi, but it fortunately came and went. When I went to MIT, that's all I wanted to study, and that's basically all I did study, except I took some literature courses which I enjoyed, but basically I just wanted to learn math and prove theorems. I liked to prove theorems.

Putting His Money Where His Math Is

James Simons has a considerable amount of money. He's the head of the top-performing hedge fund in the world, Renaissance Technologies Corporation, which he started after leaving a successful academic career in mathematics. More compelling than Simon's acquisition of wealth is what he chooses to do with it. Rather than collecting art or jets like many of his Wall Street peers, the former mathematician is donating substantial quantities of cash and time to basic science and math education....

BusinessWeek's Global 1200 companies

BusinessWeek's Global 1200 - Published in December 2005. US magazine BusinessWeek says that amid the rapid technological and economic shifts of our hypercompetitive world, here's a surprise: The top multinationals remain amazingly stable. Eight of the 10 companies that head up BusinessWeek's Global 1200, a ranking of corporations worldwide by stock market value, are the same ones that made the top 10 last year. In fact, General Electric, ExxonMobil, and Microsoft, collectively worth $1 trillion, didn't budge from the top three spots. Health-care products maker Johnson & Johnson and consumer-products maker Procter & Gamble) moved into the top group, while financial services giant HSBC Holdings and drugmaker Pfizer dropped out. One big reason for such stability: Fund managers like to hang on to these "mega caps" to counter the volatility of their riskier stocks.

Oxymoron List

OXYMORON:
"A rhetorical figure in which an epigrammatic effect is created by the conjunction of incongruous or contradictory terms"

OXYMORONS:
acute dullness · act naturally · Advanced BASIC · airline food · almost exactly · alone together · Amtrak schedule · bittersweet · boring court jester · briefing · British fashion · business ethics · butthead · cafeteria food · calm wind · cardinal sin · casual sex · cheerleading scholarship · childproof · Christian Scientists · civil engineer · clean coal · coal mine safety · computer jock · computer security · clearly ambiguous · clearly confused · clearly misunderstood · comfortably dressed · conservative liberal · conciliation court · constant variable · constructive attitude · corporate conscience · cowardly lion · dangerously safe · deafening silence · definite maybe · deliberately thoughtless · democratic machine · designer jeans · diet ice cream · divorce court · domestic bliss · double solitaire · educational television · effective compassion · essential service · even odds · exact estimate · extensive briefing · extinct life · family vacation · fan fatale · federal budget · fish farm · flexible ethics · found missing · free love · freezer burn · french deodorant · fresh-frozen · friendly fire · friendly takeover · funky white guy · genuine imitation · genuine imitation naughahide · good grief · good shit · government organization · guest host · healthy chocolate · hells angels · holy war · half naked · home office · humanitarian invasion · idiot savant · ill health · industrial park · instant classic · intense apathy · jumbo shrimp · justice rehnquist · larger half · least favorite · legally drunk · light rock · linear curve · liquid gas · lite beer · little giants · living dead · long sleeved t-shirt · loud librarian · managed competition · marital bliss · Microsoft Works · mild interest · mild mannered reporter · military intelligence · minor crisis · minor miracle · misanthropic humanitarian · modern history · moral majority · natural blonde · new classic · New York culture · non-alcoholic beer · non-alcoholic wine · non-dairy creamer · non-working mother · normal deviation · obscene art · old news · only choice · on-time airplane · on-time musical production · on-time train · open secret · original copies · original reprint · oxymoron · paid volunteer · passive aggression · peace offensive · peacekeeper missile · plastic glasses · plastic silverware · player coach · player piano · polite salesman · political science · post feminist · postal service · pretty ugly · private citizen · qualified success · randomly organized · rap music · Reagan Democrat · real potential · religious tolerance · republican party · resident alien · rock opera · rolling stop · rush hour · sad clown · safe sex · sanitary landfill · sanitary sewer · same difference · scheduled spontaneity · scientific belief · second best · sensitive guy · serious musician · seriously funny · silent scream · simply superb · small crowd · socialist market economy · soft rock · software documentation · standard deviation · straight angle · student athlete · study outside · successful suicide · sweet sorrow · sweet tart · synthetic natural gas · Tame cat · taped live · temporary tax increase · terribly enjoyable · terribly pleased · tight slacks · tragic comedy · train schedule · trial separation · turbo diesel · twelve-ounce pound cake · unbiased opinion · uncrowned king · unhappily married · united nations · unsellable stock · unsung hero · vaguely aware · virtual reality · war games · wholesome · working vacation

Harsh Laxman

I am an investor based in New Delhi with over 20 years of experience in various fields. I , therefore, like to take a holistic view on investing. The fundamentals, to me, are as important as the technicals. Neither can work without the other, in the long run. What sells in a corner grocery store in Delhi is connected to what happens in a boardroom in London---which is connected to a commodity trader in New York--who relies on his technicals on the Bloomberg--which is affected by an interest rate decision by the Fed in Washington.
The fundamentals and technicals are inseparable. Anyone who ignores one of them does so at his own peril. The fundamentals help us to limit the amount of risk. Even choosing the right broker, the right software, the best news sources or the right securities is part of the fundamentals. Reuters or Bloomberg? Icicidirect or Indiabulls? Futures or normal stocks? Growth stocks or value stocks?

The technicals, meanwhile, determine the buy, hold, and sell points. I believe you need to master both for sustainable superior performance. Most technical analysts base their advice on ready-made Fibonacci and Elliot Wave based software---which are fascinating but subject to multiple interpretations and therefore unreliable. Investment decisions must not be subject to interpretation. No one, in my opinion, can exactly forecast where the market is going in the near future. A good analyst can only determine the point at which he or she will buy/hold/sell. You have to be prepared for a bullish/stagnant/bearish market at all times.
I have yet to meet a day-trader who has made money after a bullish phase has ended. Shorter time frames always entail more volatility, slippages and brokerage. The longer-term traders----who have an outlook of atleast a few weeks---have more chances of success. Anyone who misuses insider information is immoral, though probably very rich (most lawyers and chartered accountants). Someone who depends on tips-- from the gym locker room etc--- will be bankrupt quite soon. The Nifty is a great leading indicator for real estate prices. Unlike what most Indians think, real estate prices will be as volatile as the rest of the markets in the future. There is no safe haven in the short run--- except fixed deposits or money markets. Unfortunately, even these are not safe in case of war or riots. During the Partition, people left all their properties and financial assets behind on both sides of the border. Ditto for all ethnic cleansings--Parsis in ancient Iran, Serbia, Indians (ethnic) settled in Uganda, the Jews in Europe during the World WarII. Sometimes the only thing you can take with you is your skills, your luck and maybe your precious jewelry. A brief study of history convinces me that it can happen again, to anyone, anywhere. The World Wars were preceded with periods of high growth---just like China and India are going through today. The wealth led to the building of armies and weapons-- which led to the wars. Yet, even the lack of wealth may lead to war and riots---religious or communal disputes, water disputes, unemployment.....the list goes on.

I am convinced that water will be a major determinant of real estate values and disputes in the near future. There is not enough for everyone if we dont reduce the consumption of meat.As an illustration, the water needed to produce a pound of wheat in the USA is 14 gallons whereas the water needed to produce a pound of beef is 441 gallons. The savings are mind blowing.

You must diversify your assets across states, countries and asset classes---Real estate, stocks, bonds, jewelry, art etc. In worst case scenario there will be no valid title documents, government, functioning banks, police............ But for now, the Nifty is what we seem to worry about or celebrate!

I hope this blog helps you in some way or the other. See you!
You can email me at harshlaxman@gmail.com

Harsh Laxman Investment Resources (Part 2)

Tuesday, October 30, 2007

Emerging Market Funds

HSBC Systematic Investment Plan

Urban Agglomerates

Real Estate

Real estate or immovable property is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, ...

Investment management

Stock Market

Moneychimp: Articles and interactive features explain investing and personal finance.

Absolute Returns

Day Trading --- U.S Securities and Exchange commission advice

Fool's School : Wisdom from The Motley Fool

Our 13 Steps to Investing

Getting Started

General Information

Ideal for Mumbai

S&P CNX Nifty

Home > Exchange Traded Funds

Bull Run

NSE Publications

NSE Certificate in financial markets---Curriculum & Study Material

Blue chip

Site map of ICICI Bank

Day Trading --- U.S Securities and Exchange commission advice

Related Sites

Alpha Profiles the Top 25 Moneymakers:

Institutional Investor Magazine

Heaven on earth

Sunday, July 01, 2007

List of billionaires (2007)

Top billionaires reported by Forbes

See also

High p/e ratio

Seed Interview with James Simons

Putting His Money Where His Math Is

Biography

BusinessWeek's Global 1200 companies

The World Heritage Sites

PETA

Happycow.net

Save a friend

Greenpeace

Breathtaking

Kayak.com

Weather Forecasts

Vegetarian Diet

Exercise program by Harvard Medical School

U.S. Military Fitness Standards

A breakdown in the desert

Amazon.com

Google Directory

Google Stuff

Ebay.com

Chess

Crosswords/Sudoku

Cartoons

NYT Bestsellers

Music Charts

Oxymoron List

Blog Archive

Harsh Laxman

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