Facade Matters a Lot....

Facade is the term used to define the external appearances in retailing. Similar to retailing, the external appearances matters a lot even for an individual to survive in today’s world. You might be a person who does not have the real stuff that is required. But how you project yourself to this outside world do matters a lot.
For instance take my life. I hadn’t been a great personality till date as far as I know. I am an average person who, like all others, wants to enjoy a lot and study less. But my father is a man of expectations. He really expects a lot from both of us, me and my brother. At many times both of us would not be able to satisfy him completely. Those were the times where he used to reduce his expectations so that it meets our end results. But both I and my brother used to strive hard to satisfy his expectations. We do it sincerely most of the times. But in some cases we really couldn’t help ourselves as our make is not suitable for those types.
This being so there came my final year of UG. My father wished that I should do my higher studies continuously after the completion of my UG. A tough task indeed. It is not an easy job to carry out the higher studies immediately after your UG. That too if your UG is either BE or B Tech then it is very much difficult which could be well understood by those who are doing or had done their BE or B Tech. The reason why I am saying difficult is that there are lot of choices for a BE or a B Tech student for his PG. He can either do an MS or an MBA or he could very well do an ME. Even in case of an MBA, he can do it in India or in abroad. But one thing matters a lot while doing an MBA or an ME in India. You had to do your PG in a good institution or else it is of no use.
I decided to do an MBA in India. The first option that comes to your mind is to write CAT (Common Admission Test). Though CAT is primarily conducted by IIMs for their admission, the scores are taken by most of the top B Schools in India. I actually prepared for the CAT a year back. But the preparation was not up to the mark to write that years’ CAT. I dint even take the pain to brush up my knowledge for the examination. One thing about this exam is that many top B Schools would close their application entries for the next academic year the day before the CAT exam. So once a person finds himself competitive in the CAT exam that was conducted and thinks of applying for any of the Top B Schools it would not be possible for him to apply as most of the B Schools would have their last date for application submission the day before the CAT exam date. Though the application submission for IIMs is default on writing CAT, it is not possible for a person without any preparation to get shortlisted for IIMs in his first attempt itself as IIMs would look for individual sessions cut off mark which is a difficult task for accomplishment. A person without any preparation could possibly score a higher overall percentile but it is not possible for him to cross the average required percentile in all the individual sessions of the exam which would be declared by the IIMs. I wrote my first CAT exam on one November without any preparation but with the hope that I would write the same exam for sure in the next year too and this would be a mock test for my next CAT. This is the kind of thought which most of the persons who appear for CAT exam for the first time would have in their minds.

The Big Day

There came the big day, the day of my first CAT exam. I went and wrote the exam. My performance was satisfactory in quants and DI but I am very well sure that it was not up to the mark in verbal. This was the individual assessment made by me at the time when I left the exam hall. During the discussion with my friends about the exam, I came to know that I had done a comparatively good job. With this being so I hadn’t applied for any of the top B Schools till date with the confidence that I would surely not perform up to the mark in this year’s CAT. That very evening tentative results for the morning held CAT exam would be published in many of the CAT coaching center websites. On verifying those answers I came to know that I would be able to score a decent percentile. Having raised such a confidence in my mind I rushed to my CAT coaching center in order to ask for some guidance of what I can do next at that point of time. I was suggested to put the application for the remaining two Top B Schools whose last date for application submissions would usually be a week or two after CAT exam date. Thanks to their slow processing, I got my chance of usefully utilization that year’s CAT score. Then comes the toughest part, the preparation time period for the interviews. Out of applied two colleges, I got the call from only one college. This made my job easier so that I can focus on only one interview. In a sense it also made my strike a fearful one because I had only one chance to prove myself as I got a call for an interview from only one college.

Preparation Phase

It is generally advised for those who are preparing for CAT to read the daily newspaper and develop their general knowledge. The reason for asking students to read the dailies is that the topics given in the GDs (Group Discussions), which are conducted by these top B Schools as a part of their selection process, may also involve current affairs. So it is advisable to read the dailies without which it is generally not possible to outshine in GDs and the interviews conducted by these top B Schools. Scenario being so, I did not had the habit of reading newspaper those days. This was a major drawback for me. Moreover I never used to read any of the books other than my subject books (even that was only during my semester times). Moreover I did not have quotable hobbies at that point of time (this is applicable even in the present days). All these things stood as a huge terrain in front of me during this phase. My coaching center started conducting mock GDs for those students who got call for the interviews from various institutions. Me and my friend used to go to those mock GD sessions regularly. That friend of mine made a sincere attempt at that CAT and he got an extra ordinary percentile. Moreover he also got calls from many premiere B Schools. He used to read newspapers daily and had got a lot of quotable hobbies. He was also strong in his hobbies. Even though I used to quote certain hobbies in my resume I did not had a great knowledge about those things. The only point where I out stood him was in academics. Academics did not make a much difference at that level. So it was not a competitive edge for me. During our mock GDs we would mostly get topics on the current affairs, a difficult part for me to deal with. I had a voice with great pitch and I always used it aptly where I wanted. All the other members who used to attend these mock GDs along with us were just like my friend, too sincere in their preparations. The only ‘odd man out’ there was me. As soon as the GD commences there would be a lot of fight going around in the discussion panel about the topic. Initially a person would start the discussion from one end. This person does so in order to get the advantage of ‘the beginner’ title. Generally in a GD it is assumed that one who begins the GD has some leadership skills. I do not believe in those facts, maybe it is not true in all the cases. Even before that person could complete his point another person would start his turn from another end of the panel. All the other members in the panel have to look at the one who makes his point in order to create the impression among the minds of the judges that they would also listen to other members’ points. Only first two members can make their points in a silent environment. The real GD starts only after the second member makes his point. There starts the ferocious discussion once the second member is done. The reason being so is that it is generally assumed that those who do not makes his point within the first one and half minute after the start of the GD is not so competitive and he doesn’t know much about the topic. So others would try to put in their views within that time frame. Then comes the great question of maintaining the consistency. We had to put in our views into the discussion at regular intervals. The judges should not feel that we are not contributing to the discussion for a long period of time. In addition to that we had to show our leadership qualities and other good tendencies like giving opportunities to others, etc during the entire GD session. A fifteen minute of this process would make your throat dried and your entire thought process exhausted.
I generally used to make m first point only after one and half or two minutes later. Initially I used what others speak about the topic. The reason being most of the times I don’t know what the topic is all about. I used to make my point from the argument of the other members in the panel. I capitalized on my voice pitch and would make my point clearly and boldly. This was done by me for the mere reason of survival. If we did not make some points in the GD then we will be pointed out in the last to make some views on that topic. I usually feel it as a humiliation. In order to avoid that thing I generally used to make points which would be derived from others argument. I used to follow certain rules and regulations while I participated in these discussions. So far I was successful in those things. Even though I made my points from others argument I never used to support others argument. Like this I had many small principles which I would follow in these discussions. All these made me a valid identity in these discussions. But all these things were done only for my survival but not to project my competence.

Realization of the Fact

My coaching center also conducted three mock interviews before the closing of the coaching classes for that academic year. I missed the first two due to various other non professional reasons. I tried to make a sincere effort on the last mock interview by attending it. I was the last one to reach the place. All others had left after their mock interviews. The only person remaining there was my sincere friend. After his interview was completed they called me in. I went in and said that this was my first mock interview. Initially they asked for my name, the only question that I was able to answer. Then gushed the sequence of questions. After that I was not even able to answer even a single question. Lastly they advised me that my preparation for the interview was nil and if I continued like this to the final interview then definitely I would not make it. Thanks to their advise it still made me satisfied that I would definitely attend the forth coming years’ CAT exam. After my mock interview I came out and told what happened inside to my friend who was waiting outside for me.
On hearing my actual scenario he mentioned that so long he had the intention that I was preparing sincerely for my final interview by daily going through the newspaper and having a gasp of other stuffs like reading books and watching English news channels to develop my general knowledge. Only on that day he came to know that I hadn’t even started doing any of this. But my projection of things in the GD sessions made him think like that. This clearly pointed out to me that it is not really important to know all the stuffs around you. It is enough if you were able to express the right things at the right time. All that matters is that how you project yourself to the outside world. People should know to ride on the situations and convert it into a success story on their side.
My further activities were based on this fact. I dint even prepare after that. With the little knowledge I know and with the things I had, I made through my final GD and interview in a successful manner. All I did was I projected myself as if I know everything under the sun in a humble fashion and I properly capitalized on the situations. Finally, to my own astonishment, I got through the interview and was selected as a student of that college for that academic year. So this clearly suggest me that the external appearances (what we project outside) do matters a lot in life.....

Your Deed Pays You

It had been a long time since It made my last post. What to do, life sometimes makes people busy. In all my previous posts I have discussed about Finance sufficiently. I think its time to take a diversion in my discussion. As I had already mentioned I would like to maintain this blog for sharing all the information that I had learn't in my life. On that ground here is a post which expresses my learning from the society.

I strongly believe that the world surrounding you teaches you a lot than anyone who is intentionally want to train you on something. So it is always better to have your eyes and ears open in order to receive from our surroundings.

This incident which I am about to quote happened to me when I was studying 1^st year of my Engineering Degree. It was a Friday, an auspicious day too. Being so it was pre decided by my family to open a new Business Service Outlet on that day. Since me being a part of the family couldn’t skip those occasions. A few closely associated family friends and relatives were invited on that day for the opening of the new outlet. The new outlet was located 15 kilometers away from my college premises. The opening was planned in the morning and I was on a dilemma whether to attend my afternoon sessions of college or not. Our college lunch timings were from 12:45PM to 1:30PM. At 12:30 PM I came to crude decision of attending the afternoon sessions of that day. So I hurriedly got ready and left that function spot by 12:40PM. Since I, being in my first year of College life, was not provided with two wheeler for my travel to college. I used to travel only through town buses. It was a long way for me to make it out. I had to change two buses in order to reach the location where my college is located. Then after that I had to make a walk of 2 kilometers from the main road to the interior to reach my college premises and again a walk of 1 kilometer from the main gate of my college to my class room after crossing a bare ground in the hot grueling sun. All the way of my travel I was in the hope of reaching the class on time. The first session in the afternoon was EM, a short form for Engineering Mechanics. The subject itself was a tough one. In addition to that the faculty in charge was a person who used to make fun of the students when they go wrong somewhere or somehow. With all these in mind and situation being so, all my intention was to reach the class room before 1:30PM (before the entry of my Prof).

But without proper planning nothing should be expected. By the time I reached the main road near my college the time was about 1:25PM. Still I had a three kilometers walk left to reach my destination. This should be done in remaining 5 minutes. A breathe taking job to be completed in such a short period of time. As I started my walk from the bus stand towards my college premises I was hoping to get some free ride on that road at that point of time. The sun was at its best peeping out completely to burn everything under it. I was literally running in that road in order to reach the class in time. I showed my hand sign for a free lift initially to two persons who were riding their bike alone. But both of them dint even stop their bikes.

Then I made my attempt to the third another person traveling in a Bajaj Pulsar bike. Even that was in vain. Following this bike there came a TVS50 Moped on that road. The Moped was already fully loaded with two persons. So I was not in the intention of stopping that Moped for a free ride. But the Head Light of that Moped was in ‘on’ state. So I showed the typical hand signal followed by the Indians for indicating the “Lights ON” condition in the road to the vehicles that pass by them. Seeing this the person, who drives that Moped, misunderstood that I was asking him for a free ride. As he passed by me without stopping he told me that it was not possible for him to give me a free ride as there were already two in the Moped. In turn I replied him that I was not asking him for a free ride but I was indicating him that his Head Light was in ‘on’ state. All these conversations took place in a fraction of seconds’ time with that Moped in moving condition. Hearing my reply the driver of that Moped stopped his bike after making a few distance of yards travel on that road. This ‘few yards of distance’ travel time was the time taken by that person to realize my helping nature without any intention of returns from him. The driver of that Moped then made a steep turn of his body and asked me where I was heading. I replied him that I was on my way to the college which was on the way of his travel. After uttering my destination spot he immediately offered me a free ride in spite of the fact that the Moped was already on its fullest possible mode. He immediately ordered his pillion rider to move in front so that I could possibly take a share of the Moped seat which they both were already occupying.

This action of that Moped driver made me to realize the fact which my father used to say often to me at home. Whenever we do some favour to others without any expectation of returns we would definitely get the pay back double the times of the favour that we do. This was evident on that day by the action of the Moped driver. He could have left me on the road just by saying a ‘thanks’. Moreover he was not in the condition to help me. But in spite of all those things he took pains to help me in that time of need because of the favour which I did to him without any expectations from him. This was a great lesson which the society had thought me practically in my real life. Because of that I was able to reach the class on time with a fraction of seconds’ difference between my entry followed by my EM Prof’s entry. If it had been the other way around then my classmates would have had a fun filled time for the initial fifteen minutes of that class session as he would have teased me to the core on that day. Thank God, I was escaped on that day. And thanks to that Moped Driver too.

Hope this post had some sense. Meet you soon in my next post wandering on some new dimension.

Market is Myopia!!!

“Stock Market, Oh this is something unrelated to me”. This is the opinion of many people regarding the stock market in India. Such common opinion among many in our country is owing to the fact that they are unaware of the market and they really don’t know what the stock market all about is. To those people definitely market would be myopia. Here is an article to those souls which actually gives you some basic idea about the stock market. After reading this article you definitely see the market clearly which was there always functioning around by your side for a long time.

There are two types of asset classes as far as market is concerned, (1) Traditional Asset Class and (2) Alternative Asset Class. The traditional asset class includes stocks, bonds and real estates. The alternative asset class includes vintage cars, vintage stamps, furniture, paintings, commodities, etc. Derivatives are not asset classes but they are derived from these asset classes. Hedge funds(currently not in India) are a form of investment and not an asset class. Currency is not an asset class for investment purpose but it is a measure of exchange. Generally Indian stock exchanges trade only on stocks and bonds. There are two types of investors (1) Institutional investors and (2) Non-institutional investors. The institutional investors are those having surplus cash and so thereby investing their own money into the market eg. banks, insurance companies, corporate, etc. The non institutional investors are those other than the institutional investors eg. Individuals, small investors, mass affluent, etc.

There are two types of risks involved before buying a company’s stock in the market

(1) Market Risk or Systematic Risk – Risk of investing in the stock market which cannot be nullified and it has to be faced.
(2) Business Risk or Non Systematic Risk – Risk which might arise due to the management and operation of the company and it can be nullified by means of portfolio diversification.

Portfolio: A portfolio is an appropriate mix of or collection of investments held by an institution or a private individual. Holding a portfolio is part of an investment and risk-limiting strategy called diversification. By owning several stocks in a portfolio one can nullify business specific risk. Generally it is assumed that as far as 40 different stocks in a particular portfolio would be able to remove the non systematic risk of that portfolio on the whole.

There is a general difference between a stock and a share which everyone has to understand before going any further. A share (also referred to as equity share) of stock means a share of ownership in a corporation (company). A company would be having two or three stocks at the maximum being traded in the stock exchange. All the items that are actively traded in the market are the shares of these stocks. For eg. Infosys in India has only one stock of face value Rs. 5 being traded in the market. We can buy only the shares of that stock from the market. A portfolio can have different variety of stocks (Eg. Infosys, Wipro, Sathyam, etc) with many number of shares in each variety. There is a general perception that the world markets are linked when they go down but the reverse is not true.
Markets are generally considered to be efficient. Eugene Fama, father of efficient market, formulated the Efficient Market Hypothesis (EMH). According to this hypothesis there are three forms of efficient markets,
(1) Weak Markets – It considers that history won’t make money. Only the present and the informed information would help people make money in the market.
(2) Semi-Strong Markets – According to this, both past and present information won’t help to make money. It is only the informed information that helps to make money in the market.
(3) Strong Markets – According to this, whatever information we have in hand will not help to make money in the market. The ground argument for such an assumption is got from the mosaic theory which presumes that everybody have the same set of information with them.

With this hypothesis as base, we consider our market to be Efficient Market. Basically our assumption dwells on the fact that the market captures all the information and the fundamental values of the companies in their share prices which are being traded in the market. Regulation posed by SEBI and BSC helps to maintain the market efficiency. All these regulations are called as microstructures.

Generally stocks are bought by the professional traders based on the following analysis reports
(1) Technical Analysis: People look at the past history and try to say how the markets would behave in the future. Usually past share price movement graphs are used to make the analysis. It requires three basic criteria: (a) find out the entry price, (b) find out the target price and (c) find out the stop-loss.
(2) Fundamental Analysis: Fundamental analysis is carried out to check whether the fundamentals of the company are strong by means of some ratios, industry analysis, company analysis, etc. It captures the actual worth of the company and from that it derives to the share value. Generally fundamental analysis is not worthwhile for short term investors as the data used for drafting the analysis are quarterly data which are not the immediate past as like the technical analysis data.

Only one of these analysis reports can be used to buy the stocks. No one can use both the reports to decide on for buying a stock. It is not necessary that all the investors in the market would be following any one of these analysis before investing. Most of the retail investments are made based on Noise Trading. Noise Trading means that somebody in the market follows the pattern of others without any basic reason as why to follow.

There are two types of investing fashion followed in the market
(1) Active Investing: Investing in stocks actively
(2) Passive Investing: Investing in index funds which are not considered as active investments as there is a lack of active trading in these stocks.
Investments can be done directly as done by the insurance companies or indirect investments can also be done as like that of mutual funds.

There are two major indexes in India, (1) Nifty – An index of fifty companies decided by National Stock Exchange (NSE) and (2) Sensex – An index of thirty companies decided by Bombay Stock Exchange (BSE). The companies in these indexes may be changing based on their performances. Indexes acts as the reference for the market as a whole. There may be a total of around 7000 stocks that are listed in the market out of which around 1000 would be traded in which around 100 would be actively traded by the traders in the market. The number of shares for a particular company that are freely available in the market can be found out using a parameter called free float.
Free Float = (Total Shares available for a company – Shares which are not available for trading).
There are three types of investment styles that are adapted by the investors in the market like investing in (1) Large cap companies (2) Mid cap companies and (3) Small cap companies. When the market goes up the large cap companies stock prices immediately reflect the market condition. But after that the stock prices of mid cap companies outperform than that of large cap companies. Nifty and Sensex, both are large cap indexes. So a large cap active manager would produce returns more than Nifty index. Companies offer stocks and bonds as the investors need to invest in the market.

Basically there are three different types of services are given to a high net worth individuals by the financial service institutions.
(1) Portfolio Advisory Services: Advises are given to the client regarding the kind of portfolio he can maintain in order to suit his requirements. The client may now buy the advised stocks from his broker.
(2) Portfolio Management: The portfolio manager of the financial institute gets the client’s money and invests himself in the stock market assuring a pre-confirmed return.
(3) Wealth Management: Cares about the inter-generational wealth transfer as it constitutes a lot of money when approached through proper legal channel.

People can either go on a short in stock trading or take a long position for a stock. Shorting is generally to sell the stocks immediately without the actual stock in hand with the view that the price of the shares of the stock would fall down in the future. On the contrary, taking a long position for a stock means to buy and keep the share of the stock for a longer duration.

The financial service institutions generally obtain the requirements of its clients before getting their money to play in the market. The requirement of the investors contain the following key things in it
(1) Amount to be invested
(2) Investment Objective
(3) Returns expected
(4) Time Period
(5) Investment Style
(6) Risk level (Portfolio Composition)
(7) Liquidity
(8) Fees for the service

Portfolio managers make money by means of playing wisely in these two fields
(1) Asset Allocation – Allocation of money in various asset classes
(2) Security Selection Process – Selecting the specific stocks in the portfolio
Thus the process of Security selection assures the 80% returns for the portfolio and the remaining 20% is acquired through proper asset allocation policy.

Stock Market is full of risks. By investing in stocks, one is exposed to the market risk whereas investing in bonds leads to credit risk in addition to the market risk. Both these markets have an operational risk which arises due to the malfunctioning of the computers in the stock exchanges.

These information would have given you a taste of the stock markets. Hope you got the idea right in your minds. This is just a lead into the no-extent deep blue ocean. Wait for some more distant swimming in this blue ocean which would be mentored through my next posts.

Account for Yourself

“You are responsible for the good and the bad that is happening in your life”. The one who realises this would excel in his life. Don’t think that I am being philosophical. What I meant was ‘Accounting is the key activity of success in one’s life which is essential to maintain the integrity of his life and his bank balance’. So it essential that everyone has to become accountants for their own accounts, either it may be a bank account or their emotional account. In order to have a glimpse about the basics of accounting I would suggest you to refer the book called “Financial Accounting” written by Reddy Murthy. It would give you the accounting principles in the simplest form. Some of the key terminologies in accounting that you have to know are jotted below. The train to accounting stars here ..

Accounting is a language used for identifying, measuring and communicating economic information for the users. The user may be internal (within the company) or external (outside the company) users.

Asset: Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property. There are two types of assets: Current Assets and Fixed Assets. Current Assets have shorter time span (a year or less) for liquidation whereas Fixed Assets have longer time span (more than a year) in general.

Liability: A liability is a financial obligation, debt, claim, or potential loss. There are two types of liabilities: Current Liabilities and Fixed Liabilities. Current Liabilities have shorter time span (a year or less) for liquidation whereas Fixed Liabilities have longer time span (more than a year) in general.

Debt: An accounting entry which results in either an increase in assets or a decrease in liabilities or net worth.

Credit: An accounting entry which results in either a decrease in assets or an increase in liabilities or net worth.

Debtors: A debtor is simply an entity that owes a debt to someone else, the entity could be an individual, a firm, a government, or an organization. The counterparty of this arrangement is called a creditor.

Creditors: A creditor is a party (e.g. person, organization, company, or government) that has a claim to the services of a second party. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent property or service. The second party is frequently called a debtor or borrower.

Accounting Period: The period for which a business prepares its accounts. Internally, management accounts may be produced monthly or quarterly. Externally, financial accounts are produced for a period of 12 months, although this may vary when a business is set up or ceases or if it changes its accounting year end.

Share: The actual definition of a share is that a share is a share in the share capital of the company.

Profit and Loss Statement: A summary of a corporation's revenues, costs, and expenses within an accounting period--also called an "Income Statement". The balance statement and the profit and loss statement usually reflect a company’s financial condition. Because profits and losses relate to revenue inflows from business operations, a profit and loss statement is an income statement. It is written for a particular accounting period.

Trading Account: That part of an income statement which shows how the gross (operating) profit was generated through the firm's trading activities. Even this is written for a particular accounting period.

Balance Sheet: A balance sheet is a snapshot of a business’ financial condition at a specific moment in time, usually at the close of an accounting period. A balance sheet comprises assets, liabilities, and owners’ or stockholders’ equity. Assets and liabilities are divided into short- and long-term obligations including cash accounts such as checking, money market, or government securities. At any given time, assets must equal liabilities plus owners’ equity. Thus the balance sheet captures the firms total assets and liabilities as on that date.

A Skeleton of a Balance Sheet

GOLDEN RULES OF ACCOUNTING
DEBIT the receiver
CREDIT the giver
DEBIT what comes in
CREDIT what goes out
DEBIT all expenses and losses
CREDIT all incomes and gains

With these basics throw over, let’s go in for the actual structure of Trading and Profit and Loss Account and Balance Sheet of a manufacturing firm as an example.

TRADING and PROFIT & LOSS A/C DEBIT side consists of EXPENSES.
TRADING and PROFIT & LOSS A/C CREDIT side consists of INCOMES.

The above information would have given you a glimpse of what is accounting all about. This base is enough to provide confidence in your mind about accounting. This would ensure you to take any further developments in your accounting knowledge without any hesitation.

Touch of Finance is Essential for Our Daily Life!!!

Finance, Yuck....... This is the idea of finance in most our minds. One main reason for us to frame such an image about finance is the number crunching operation the field demands. It is also because of the fact that we lack good mentors to provide us with clear insights in this area. But after joining my MBA it happened for me to change my views about this field. If the person who teaches you finance is clear about the stream then definitely you would have a better insight about the stream as such. So don’t just hear to every ones views as far as finance is concerned as it is field where you may get lost anywhere in the middle. Choose your mentor clearly at the beginning itself in order to develop interest in the field.
Interest is the key tool for you to master in finance. This is not only for finance but it is true for all the learnings that we are about to. But finance particularly demands ‘interest’ as the basic requirement to carry on. If you are not clear about a concept in finance don’t ever give up. Read more and more on that concept and try to clarify it with the people who know about that concept very well. The stream of finance is very much important even to lead our day to day life. For example, in a middleclass family the head lady trying to tally that month’s expenses with the income is literally what is known as ‘profit and loss statement’ in finance terms. So we are carrying out some of the core financial activities in our everyday life without knowing that it come under the stream of finance. Whatever you do, do it with the knowledge of know-how-to-do.
If you master yourself in finance then you can earn with ease in your life. I would suggest you to read a book called “Rich Dad Poor Dad” written by Robert T.Kiyosaki. He had given a good insight about the things that you must know in finance to lead a happy life. If you are out of financial troubles then definitely your life would be happy. So finance is only stream, which could give you both “Happiness and Sorrow”, which everyone has to face in their lives.

Dear Note

Hi all. I wish to share the learnings of my life, with you, through this blog. Since I had generalised as “learnings of my life”, this blog will not be oriented towards one specific stream. It would contain all the information, which I perceived so long and which I would perceive in the future, in all aspects technical, management and general life. Be free to comment on my writings so that it would be helpful for me to improvise in whatever I produce. So here I go with the first post...........