9 personal finance mistakes to avoid….

All of us have made these mistakes, so let’s begin by seeing how many of them we can avoid/minimise…

I am normally a person who likes to say ‘be careful’ rather than say ‘do not break it’. The mind always sticks to the most important word — so the ‘break’ sticks in our head. However there are a few mistakes that I have been seeing and hearing from IFAs, websites, etc. and think it is necessary to summarise them in one place.

1. Optimism

This is a lovely thing to have, except when it comes to investing. When people invest in equities they have some outlandish expectation — say 28 per cent CAGR (compounded annual growth rate) or 17 per cent CAGR. No clue who gives them such ‘lofty’ expectations. Yes, some of us have got it in the past, but hey we have perhaps just been lucky.

A Rakesh Jhunjhunwala or a Vallabh Bhansali have got much higher returns, but you have no clue about the efforts and team work that has gone behind all this. A Naren Sankaran (Of ICICI) or a Motilal Oswal is perhaps capable of getting far better returns, but their risk taking capacity and sheer size of funds managed puts a huge limitation to the returns.

So please temper your expectations.

Just because you expect less it does not mean you will not get it. Keep your expectations at a far more realistic 20-25 per cent OVER PPF returns — so if you get 8 per cent in PPF, expect to earn about 10-11 per cent over a long period of time, tax free. It can do magic to your portfolio over say 50 years like it has done for some of us early starters.

2. Risk and return

The fact that you take more risks DOES NOT MEAN YOU HAVE TO GET greater returns. It is not your RIGHT; it is just that the odds favour you. If it were so certain, there would be no risk at all. Long term can mean really long term — say 13 years and you may have just lost patience after 12 years and 5 months.

Be very clear that for goals that are 7-8 years away equity is a good investment, but you will need a back up plan just in case it backfires.

3. Consumerism

Buying every shiny thing on the store shelf or on Amazon and Flipkart are not the way to create wealth. When you feel like buying something, wait. Think of the last 5 items that you bought and what you did with that. Clearly the manufacturer and the shop keeper want you to buy all that is made and displayed. It is up to you not to do so.

Investing more and for a longer period is the only route to a great portfolio.

4. Complications

Planners love to complicate things, ignore complex plans. Simpler plans are far superior.

5. Inertia

Good and noble intentions will not protect your family or create wealth for you. So get off your backside and get that term insurance, medical insurance, provident fund nomination form, …NOW and start your investing programme, NOW.

If you do not believe this, see the amount of money lying in bank deposits, savings banks, post offices around the country!

Even better see your own savings bank account and see how much of interest has been credited. Kickass start.

6. Impulsive actions…

…while in spending, investing, saving, eating and health issues only lead to pain later on. Learn some meditation and act in leisure. Relax, do not get bullied by bankers, contractors, salesmen, cousins, friends, television experts — by anybody.

Collect all the data, and then sleep over it for a day. Take a decision after a few hours, preferably 24 hours. Do not believe the agent who says “this scheme is closing…” Some agents have been using it for the past X number of years and doing it very successfully. When you have the money, a new scheme is born every day. Usually in a better form.

7. Ask

Ask the people who know before you invest. Parachutes are to be on your back BEFORE you eject from the plane, it cannot be sent to you mid air…

8. Greed

If you have invested in 50,000 shares of a company at Rs 30 a share and the price goes up to Rs 50 in two weeks time, great. Partial booking — of say 1000 shares every time a share jumps an X per cent is not a bad idea at all.

It is only the owners who can ride a share from its start to eternity — like a Premji or a Narayana Moorthy can/ will do. Yes there are many theories here, but hey, greed kills more than it makes you go. Be careful.

9. Mess

Do you have 40 items in a portfolio worth Rs 1 crore? You are a mess. You need to have no more than five. Okay make it 8, but not more. So please prune the mess, and clean it up.

Source………P V Subramanyam in www. rediff.com

Natarajan

 

Message for the Day…….” Hearts filled with the nectar of love indicate genuine humanity in people “…..

Humans are those who consider love as the only quality to be fostered and stay away from inferior qualities as if they are snakes. Bad conduct and bad habits distort the humanness of people. Hearts filled with the nectar of love indicate genuine humanity in people. True love is unsullied, unselfish, devoid of impurity, and continuous. The difference between human(manava) and demon (danava) is only ‘ma’ and ‘da’! The letter ‘ma’ is soft, sweet, and immortal in symbolism, while the sound ‘da’ is merciless, lawless, and burning. Are they humans who have no sweetness in them and who endeavour to suppress the craving for immortality? Theirs is the nature of demons, though the form is human! For, it is the character and not the form which is primary. Good nature is resplendent on the faces of true humans as bliss (ananda). But without that goodness, even if they are infatuated with joy, the face will indicate only the destructive fire of the demon; they won’t have the grace of spiritual bliss.

Sathya Sai Baba

When a Bird Died in His Arms, This Man Decided to Rescue Every Injured Bird in Jaipur….

Thousands of birds, some endangered species included, are injured and maimed every year during kite flying festivals across India. This is the story of one man and his NGO, who are fighting to rescue and rehabilitate the helpless creatures and spread the message of compassion.

It was Jaipur’s famous kite flying festival, Makar Sakranti, in 2006. An injured bird fell right in front of 34-year-old Rohit Gangwal. He picked it up to take it to the bird shelter but it was too late. The bird died in his hands.

This incident troubled Rohit so much that he got a few friends together and started an organization to rescue injured birds every January, the month in which the kite flying festival is celebrated.

rohit raksha

Rohit Gangwal

“Every year, thousands of bird die due to the sharp threads people use to fly kites in the sky during this festival. I thought this is the time when immediate intervention is required,” says Rohit.

Rohit and his friends would go out on the roads to look for birds that had fallen. They would give them treatment and food, and as they got better, release them where they found them.

Gradually, his work was noticed by others and he started receiving emergency calls for bird rescue around the year.

So Rohit decided to form an NGO, Raksha, to rescue and rehabilitate injured birds and reptiles. Today, the Raksha team rescues two or three birds every day. Rohit now has a team of about 50 volunteers who work with Raksha for free.

What do they do?

The Raksha team

The Raksha team

Raksha’s core work is to rescue and rehabilitate injured birds. The volunteers are first trained using a dummy bird before they actually go on a rescue operation. After a few weeks of training, the volunteers know how to provide basic medication and treatment to a rescued bird.

“In some cases the bird is too small to feed itself so we feed it till it is big enough. After a few weeks, when the bird starts feeding itself and is healthy enough, we release it at the location from where we first rescued it,” says Rohit.

Raksha does not just provide medical intervention. The birds are prepared to deal with the ‘outside world’ during the time they are healing.

“Our team keeps their food at different locations and they have to find it. Once we release them out in the world, they’ll have to find food for themselves. This is like a training for them,” says Rohit.

The seriously injured birds that will take a long time to heal are kept in a ‘bird orphanage’ and looked after regularly by the volunteers.

Injured birds are rescued immediately by the experts at Raksha.

Raksha also has a 24×7 helpline, which enables people to report injured bird cases.

This NGO’s work is not just restricted to rescuing birds; they also rescue reptiles (mostly snakes). With help from a team of experts, Raksha has been actively rescuing and rehabilitating snakes from residential homes, school buildings, and other such urban locations.

“If a reptile is hurt we bring it to our orphanage but release it after 24 hours because it is illegal to keep it beyond that time,” says Rohit.

The law in India says that keeping snakes in captivity and their display in public is prohibited under the Wildlife (Protection) Act 1972 and is an illegal activity.

Going the extra mile

Every year hundreds of birds get injured due to the kite flying festival.

Every year hundreds of birds get injured due to the kite flying festival.

 

The team also rescues snakes.

The team also rescues snakes.

The good Samaritans at Raksha also spread awareness about compassion towards birds and other animals among children. They go from school to school to talk about how students and teachers can help injured birds and how they should be more considerate towards the feathered species by not flying kites. They provide the children with bird feeders and water bowls to encourage them to love and care for birds.

The Raksha team has also organised snake bite management training programmes for those who are exposed to the risk of snake bites. “The event is focused on security guards, engineers, and other people who work in high exposure areas,” says Rohit.

The Impact

The team rescues over 300 birds every year.

The team rescues over 500 birds every year.

The team also organizes health camps for the birds.

The team also organizes health camps for the birds.

Today, the Raksha team rescues and rehabilitates over 500 birds every year. They have also helped change the mindset of hundreds of school children towards birds, teaching them compassion and training them to give basic medical treatment to injured birds.

The team also teaches school students to be more compassionate towards the birds and animals.

The team also teaches school students to be more compassionate towards the birds and animals.

Manan Tholia, a volunteer at Raksha, recalls an incident from when he went to a school to spread awareness about this cause. The session inspired the kids of the school so much that they managed to rescue an injured bird the next day.

“An injured bird fell in one of the classes. Maybe it came in the class accidentally and hit the fan, or maybe it was attacked by some other bird and entered the classroom. The students made a small nest for the bird, fed it and took care of it for a day. And when the condition of the bird did not improve, they called our helpline. We went to the site and rescued the bird. It was because of our session that the kids felt the need to help the bird, otherwise mostly people do not know what to do in such cases,” says Manan.

The birds are rehabilitated when they are cured.

The birds are rehabilitated when they are cured.

Though Raksha has been catering to the needs of injured birds for nine years now, they still struggle to find good volunteers who can give enough time to the cause. The organization runs on donations in kind, where they get medicines, bird food and other necessary material. They also get some monetary support from individual donors.

“We want to expand more, reach other cities and address more cases,” says Rohit. Thanks to Raksha, hundreds of birds that are injured every year now have someone to look after them.

You can learn more about Raksha by visiting this website.

Source…..Shreya Pareek in http://www.the betterindia.com

Natarajan

Message For the Day…” The path of dharma mandates that you give up hatred against others and cultivate mutual concord and amity…”

Whatever you are dealing with, you must first grasp its real meaning. Then, you have to cultivate it daily, for your benefit. By this means, wisdom grows and lasting joy is earned. The two basic things everyone must be super clear are dharma and karma (action). Righteousness(Dharma) has no prejudice or partiality; it is imbued with truth and justice. So if you choose to adhere to dharma, you must see that you never go against it. It is wrong to deviate from it. The path of dharma mandates that you give up hatred against others and cultivate mutual concord and amity. Through concord and amity, the world will grow, day by day, into a place of happiness. If these practices are well established, the world will be free from disquiet, indiscipline, disorder, and injustice. The wise, who are impartial and unprejudiced and have resolved to follow Dharma, must walk on the path of truth (sathya).

Sathya Sai Baba

Space Station Fly over of British Columbia’s Coast Mountains…

Snowcapped rocky mountain range on the coast photographed from orbit

ESA astronaut Tim Peake (@astro_timpeake) took this photograph over the west coast of Canada from the International Space Station on Dec. 31, 2015, and shared it with his Twitter followers on Jan. 5, writing, “I was lucky enough to fly a helicopter in these Rocky Mountains once – I’m a bit higher this time! #Principia”

The photograph shows Canada’s Coast Range of mountains, with King Island and Burke Channel in the center. The Pacific Ocean is visible at the bottom and north is to the left.

Image Credit: ESA/NASA

Source……www.nasa.gov.in

Natarajan

Message for the Day…”Among Sacrifices [yajnas], I am the Repetition of Name(nama-yajnas)”…Lord Krishna in Gita…

Lord Krishna declared in the Gita, “Among sacrifices(yajnas), I am the repetition of the name (nama-yajna).” For curing grief and earning joy, temples where the name of God can be remembered are very essential. Remembering the name (smarana) grants bliss; there is nothing more fruitful, charming or blissful than this activity! Sage Vyasa wondered, “Having the great yet simple name, on the ever available tongue, and the temple where His enchanting image is installed so that people can sing His glory in an exalted voice… why should people hasten toward the gates of hell?” So too, Saint Tulsidas, who lived constantly in the temple and sang of the joy he tasted, lamented, “Alas! When people give up the name and the temple, and seek peace and joy in other places, I am reminded of the foolishness of those who forsake the rich and tasty fare on their plates and beg with outstretched hands for the remains from other’s plates!”

Sathya Sai Baba

Satirical Illustrations Which Show Our Addiction To Technology…!!!

 

Art is often a mirror, reflecting the social issues and problems of the day. With the rise of ubiquitous Internet, smart phones, and other Internet enabled devices, being online all the time is not only possible, it’s the de facto state for many.

This list of satirical illustrations highlight some of the biggest problems with technology addiction. Which one has the strongest message?

 

Let's Play!

Periscope

Satirical Illustrations

Ego

Ego

Crossing The Road

Crossing The Road

Literature

Satirical Illustrations

 

Weirdo On The Subway

Weirdo On The Subway

Islands

Satirical Illustrations

Likeholic

Likeholic

Satirical Illustrations

Zombies

zombies

Confession

Satirical Illustrations

Can’t Escape

Can't Escape

Gossip

Satirical Illustrations

Never Alone

Never alone

Roots

Satirical Illustrations

Owned

Owned

Let’s Take A Photo

Let's take a photo

Jail

Satirical Illustrations

Time

Time

Freedom

Satirical Illustrations

E-king

E-king

 

Jesus Christ

Satirical Illustrations

Fine Dining

Fine Dining

Privacy

Privacy

Satirical Illustrations

Apple Watch

Apple Watch

Then And Now

then and now

Source…….www.boredpanda.com

Natarajan

” Never underestimate your Mother …” !!!

Never underestimate Moms!

Things were going exactly as Srinivasan had feared, his Mother would come in from India and crush his American way of life under her strong South Indian influence. For a genetic scientist like Vasu, as Srinivasan was called by his friends, the only kind of order was disorder. So consumed he was by his research that the world and it’s affairs mattered little to him. When his last girlfriend walked out on him, “Find a girl on planet Srinivasan,” she had screamed as she stomped out.

Now Vasu’s Mother had taken over the administration of the planet. It irritated him, this milk at night and chyawanprash every morning. “Have you been wearing the same pair of Jeans for the past three days?” Mother was beginning her morning interrogation.

Vasu stared at the hot idlis in front of him, the chywanprash to follow and the wardrobe interrogation that had begun. Something snapped in his mind. “Mom I love you and I love that you come all the way from India to take care of me but please don’t fuss over me! It irritates me!  And then I cannot work!”

His Mother did not really care if Vasu was upset, “The idlis are getting cold,” was her matter of fact response.

“You don’t really care, do you Mom?”

“I care about you Vasu. The work you do is alright. If you don’t do it, someone else will do it.”
“Mom, I am a genetic scientist. I am working on the evolution of man. Theory of evolution, Charles Darwin, have you heard of him? ” Vasu was exasperated with her unwillingness to understand.

His Mother sat down next to him and smiled, “I know Darwin, Vasu. I also know that what you think he discovered, was old news in India.”

“Yeah sure Mom!” Vasu said with sarcasm.

“Well if you are too smart then listen to this,” his Mother countered.” Have you heard of the Dashavatara ? The ten avataras of Vishnu ?” Vasu nodded. “Then let me tell you what you and Mr. Darwin don’t know.

The first avatara was the Matsya avatara, it means the fish. That is because life began in the water. Is that not right ?” Vasu began to listen with a little more attention..

“Then came the Kurma avatara, which means the tortoise, because life moved from the water to the land. The amphibian. So the Tortoise denoted the evolution from sea to land.

Third was the Varaha avatara, the wild boar, which meant wild animals with not much intellect, you call them the Dinosaurs, correct ?” Vasu nodded wide eyed.

“The fourth avatara was the Narasimha avatars, half man and half animal, the evolution from wild animals to intelligent beings.

Fifth was the Vamana avatara, the midget or the dwarf, who could grow really tall. Do you know why that is so ? Because there were two kinds of humans, Homo Erectus and the Homo Sapiens and Homo Sapiens won that battle.” Vasu could see that his Mother was in full flow and he was stupefied.

“The Sixth avatara was Parshurama, the man who wielded the axe, the man who was a cave and forest dweller. Angry, and not social but the seventh avatara was Ram, the first thinking social being, who laid out the laws of society and the basis of all relationships.

The eighth avatara was Krishna, the statesman, the politician, the lover who played the game of the society and taught how to live and thrive in the social structure.

The Ninth avatara,was Balarama the man who rose from Narasimha and found man’s true nature.

And finally, my boy, will come Kalki, the man you are working on. The man who will be genetically supreme.”

The last Avatar is yet to appear, and in many versions of the mythology, the ninth incarnation is mentioned as Lord Buddha. But this is a much later addition done at a time when the concept of Dashavatara was already fully developed.

Vasu looked at his Mother speechless. “This is amazing Mom, how did you.. This makes sense !”

“Yes it does Vasu ! Now have your chyawanaprash ! ”

source……input from a friend of mine
Natarajan

Jokes for the Day……..” Good Lord …It is Morning….” !

A father was approached by his small son who told him proudly, “I know what the Bible means!”

His father smiled and replied, “What do you mean, you ‘know’ what the Bible means?

The son replied, “I do know!”
“Okay,” said his father. “What does the Bible mean?”

“That’s easy, Daddy…” the young boy replied excitedly,
It stands for ‘Basic Information Before Leaving Earth.'” 
………………….

There was a very gracious lady who was mailing an old family Bible
to her brother in another part of the country.

“Is there anything breakable in here?” asked the postal clerk.
“Only the Ten Commandments.” answered the lady.
……………………

“Somebody has said there are only two kinds of people in the world.
There are those who wake up in the morning and say,
“Good morning, Lord,”
and there are those who wake up in the morning and say,
“Good Lord, it is morning.”
………………………
A minister parked his car in a no-parking zone in a large city because he was short of time and couldn’t find a space with a meter.

Then he put a note under the windshield wiper that read:
“I have circled the block 10 times. If I don’t park here, I’ll miss my appointment. Forgive us our trespasses.”

When he returned, he found a citation from a police officer along with this note : 
“I’ve circled this block for 10 years. If I don’t give you a ticket I’ll lose my job.
Lead us not into temptation.”

========

There is the story of a pastor who got up one Sunday and announced to his congregation:
“I have good news and bad news. The good news is, we have enough money to pay for our new gym-fellowship hall building program.
The bad news is, it is still out there in your pockets.”

========


While driving in Pennsylvania, a family caught up to an Amish carriage.
The owner of the carriage obviously had a sense of humor, because attached to the back of the carriage was a hand printed sign… “Energy efficient vehicle: Runs on oats and grass.
Caution: Do not step in exhaust.”

========

A Sunday School teacher began her lesson with a question,
“Boys and girls, what do we know about God?”

A hand shot up in the air.
“He is an artist!” said the kindergarten boy.

“Really? How do you know?” the teacher asked.
“You know – Our Father, who does art in Heaven… ”

========


A minister waited in line to have his car filled with gas just before a long holiday weekend.
The attendant worked quickly but there were many cars ahead of him.
Finally the attendant motioned him toward a vacant pump.

“Reverend,” said the young man, “I’m so sorry about the delay.
It seems as if everyone waits until the last minute to get ready 
for a long trip.”
The minister chuckled, “I know what you mean.
It is the same in my business.”

========


People want the front of the bus,
the back of the church,
and the center of attention.

========

Sunday, after church, a Mom asked her very young daughter what the lesson was about.

The daughter answered, “Don’t be scared, you’ll get your quilt.”
Needless to say, the Mom was perplexed. Later in the day, the pastor stopped by for tea 
and the Mom asked him what that morning’s Sunday school lesson was about.

He said “Be not afraid, thy comforter is coming.”

========

The minister was preoccupied with thoughts of how he was going to ask the congregation to come up with more money than they were expecting for repairs to the church building.

Therefore, he was annoyed to find that the regular organist was sick and a substitute had been brought in at the last minute. The substitute wanted to know what to play.

“Here’s a copy of the service,” he said impatiently.
“But, you’ll have to think of something to play after I make the announcement about the finances.”

During the service, the minister paused and said, “Brothers and Sisters, we are in great difficulty; 
the roof repairs cost twice as much as we expected and we need $4,000 more. Any of you who can pledge $100 or more, please stand up.”

At that moment, the substitute organist played “The Star Spangled Banner.”
And that is how the substitute became the regular organist! 
 source….input from a friend of mine
Natarajan