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vinst
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Post: #436  Posted: Mon Mar 19, 2012 11:05 am Post subject: |
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| ajayhkaul wrote: | 1...From the budget , the FY 13 govt disinvestment target is 30,000 crore.
Also ,
2...FM said in an interview that people save money and buy gold ( which does not help the equity markets!) so they should buy equities( thats why the tax exemption on 50000Rs of equity investment)
3..They are doing other things to make gold expensive to buy/keep.
( annually Indians buy huge quantities of gold , and this is to trick them into buying equities. Imagine a bride or groom garlanded with share certificates !)
I see a stealth link here.They are forcing people to buy equities.
Imagine that the salaried class starts to buy equities instead of gold for tax purposes -- how big is this going to be ?
Who will buy the govt stake in psu's? LIC again? After the ONGC fiasco , the bitter pill will be shoved down public throat ? (eg buy ONGC/sail/mmtc and get tax rebate?)
Also ,more serious , is this an exit strategy for FII? If so , expect the market to rise and rise till all the ducks(public) are in and distribution starts.
Am I imagining things?
Time will tell .... till then view with suspicion all the equity purchase schemes/ideas thrown at the public. |
Can we say 'inducing' instead of forcing?
Why blame the babus so much when all merchant bankers (the smart people) do much smarter things!
Besides, most of the people are not so innocent that that'd get into lock in of 3 years for one time tax rebate of max. ~15000 or so.
I think, the analysts assume that public is just up for grabs, which I do not find to be so. |
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ajayhkaul
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| Post: #437 Posted: Mon Mar 19, 2012 11:48 am Post subject: |
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Inducing is a nicer word 
But no more Mr Nice Guy!
The idea is not to blame etc. Its to counter any strategies that may be employed in the short term that will affect the unsuspecting public for the long term.
'most people are not so innocent ..' I Really hope so ? wait and see. The Financial IQ of general public is pretty low |
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vinay28
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| Post: #438 Posted: Mon Mar 19, 2012 11:54 am Post subject: |
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Financial IQ of general public is pretty low
I agree. Most don't know what equity market is but invest anyway. Also, they don't have access to good advice. |
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vinst
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| Post: #439 Posted: Mon Mar 19, 2012 11:57 am Post subject: |
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| ajayhkaul wrote: | Inducing is a nicer word
But no more Mr Nice Guy!
The idea is not to blame etc. Its to counter any strategies that may be employed in the short term that will affect the unsuspecting public for the long term.
'most people are not so innocent ..' I Really hope so ? wait and see. The Financial IQ of general public is pretty low |
This is where our 'superiority' traps us into wrong direction. A lot of investing/trading public is from business community. They don't come ever in the media since their money is of different colour. I have no doubt (having seen many of them) that these people are smarter than even the analysts and have fantastic killer instincts. |
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ajayhkaul
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| Post: #440 Posted: Mon Mar 19, 2012 2:41 pm Post subject: |
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A lot of investing/trading public is from business community.
Who is suggesting superior /inferior ? And note that I am talking about the salaried class as they are the targeted ones. And they out number the business community in your neighborhood, vinst |
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vinay28
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| Post: #441 Posted: Mon Mar 19, 2012 3:12 pm Post subject: |
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| I too have seen (and keep on seeing and meeting today as well) many investors over the last 25 years, including from business community and most of them neither know anything about the market nor trade on terminal nor know anything about TA. Even today whenever I go to BSE, I see hundreds from business community totally confused and asking what to do. If that is the case, then it's no surprise that thousands of salaried class guys who have no time to trade or invest, simply go by grapewine, all the more encouraged now by govt.'s new tax plan. |
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ajayhkaul
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| Post: #442 Posted: Mon Mar 19, 2012 3:13 pm Post subject: |
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| vinay28 wrote: | Financial IQ of general public is pretty low
I agree. Most don't know what equity market is but invest anyway. Also, they don't have access to good advice. |
True vinay... and people dont have time after work and all the mind numbing TV serials and bombardment of adverts to spend time and understand their life line ie money and investments.
So they do what the neighbor did ...keep up with the joneses ... just as they buy consumer items to be one up on each other ( the Indian consumption story) |
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vinay28
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| Post: #443 Posted: Mon Mar 19, 2012 3:17 pm Post subject: |
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arey, whenever I tell them to log on to icharts and start learning, you will be surprised by excuses I get from youngsters and middle aged guys for not finding time for it. Typical habit of wanting "the easy way out" and spoon feeding.
As an example, I had told a few guys last week to invest a little (not trade) in axis bank when it comes to 1180/90. I got a call today asking me what to do when axis made a low of 1190. |
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vinst
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| Post: #444 Posted: Mon Mar 19, 2012 3:29 pm Post subject: |
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| vinay28 wrote: | arey, whenever I tell them to log on to icharts and start learning, you will be surprised by excuses I get from youngsters and middle aged guys for not finding time for it. Typical habit of wanting "the easy way out" and spoon feeding.
As an example, I had told a few guys last week to invest a little (not trade) in axis bank when it comes to 1180/90. I got a call today asking me what to do when axis made a low of 1190. |
it shows your advice was kept in mind and wants to cofirm at time of execution whether your advice stands. |
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vinst
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| Post: #445 Posted: Mon Mar 19, 2012 3:33 pm Post subject: |
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| ajayhkaul wrote: | | vinay28 wrote: | Financial IQ of general public is pretty low
I agree. Most don't know what equity market is but invest anyway. Also, they don't have access to good advice. |
True vinay... and people dont have time after work and all the mind numbing TV serials and bombardment of adverts to spend time and understand their life line ie money and investments.
So they do what the neighbor did ...keep up with the joneses ... just as they buy consumer items to be one up on each other ( the Indian consumption story) |
if Financial IQ of general public had been really low, they would have squandered theit money and their standard of living would not have risen. But living standard has risen.
Asking thy neighbour is a low cost way of propagating information (who wants to pay the analysts for rs 5000 worth of buying which 'general public' may do at a time
 ) |
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ajayhkaul
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| Post: #446 Posted: Mon Mar 19, 2012 3:37 pm Post subject: |
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Who wants to miss brain smashers like 'saas bhi kabhi ....' and such atrocious crap that goes on for years ?
Now IPL advert tells you to actively avoid work and cheat to see fixed matches !
Anyways , icharts is a good place to start and enhance tech skills ...so we should refer people .... some might ,some wont ...so be it! |
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ajayhkaul
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| Post: #447 Posted: Mon Mar 19, 2012 3:46 pm Post subject: |
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| vinst wrote: | | ajayhkaul wrote: | | vinay28 wrote: | Financial IQ of general public is pretty low
I agree. Most don't know what equity market is but invest anyway. Also, they don't have access to good advice. |
True vinay... and people dont have time after work and all the mind numbing TV serials and bombardment of adverts to spend time and understand their life line ie money and investments.
So they do what the neighbor did ...keep up with the joneses ... just as they buy consumer items to be one up on each other ( the Indian consumption story) |
if Financial IQ of general public had been really low, they would have squandered theit money and their standard of living would not have risen. But living standard has risen.
Asking thy neighbour is a low cost way of propagating information (who wants to pay the analysts for rs 5000 worth of buying which 'general public' may do at a time
) |
And that's how bubbles are formed also.
We are not asking people to hire analysts. We are suggesting that they dont and instead enhance their own skills as related to equity/investment ( find time for that).
We are talking about equity investment vinst , so stay in context. Read the post again so dont go off on tangent.
Standard of living ? is another subject ...so lets not go there in this thread.... thats a pandoras box,,,, stay on the subject |
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vinst
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| Post: #448 Posted: Mon Mar 19, 2012 3:50 pm Post subject: |
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| ajayhkaul wrote: |
Who wants to miss brain smashers like 'saas bhi kabhi ....' and such atrocious crap that goes on for years ?
Now IPL advert tells you to actively avoid work and cheat to see fixed matches !
Anyways , icharts is a good place to start and enhance tech skills ...so we should refer people .... some might ,some wont ...so be it! |
boldly right on dot !
But aren't we mixing up Soap-watcher and investors? There may be an overlap, but the two sets aren't the same. |
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ajayhkaul
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| Post: #449 Posted: Mon Mar 19, 2012 4:20 pm Post subject: |
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| vinst wrote: | | ajayhkaul wrote: |
Who wants to miss brain smashers like 'saas bhi kabhi ....' and such atrocious crap that goes on for years ?
Now IPL advert tells you to actively avoid work and cheat to see fixed matches !
Anyways , icharts is a good place to start and enhance tech skills ...so we should refer people .... some might ,some wont ...so be it! |
boldly right on dot !
But aren't we mixing up Soap-watcher and investors? There may be an overlap, but the two sets aren't the same. |
Read my lips ....vinst.......again.... we are referring to the salaried class that is being targeted to invest in equities under the new measure in the budget. They are the 'employed' class and could enhance their FIQ by devoting some time to it ( say at least one member of the family) so that they are more discerning when investing in equities.
I am sure some percent of the salaried class will be triggered to understand more about the equity culture when faced with the decision to invest for tax saving purpose.
Is this very complicated vinst? Try to understand why the measure has been introduced in the budget for this year ...thats all .
[/u] |
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vinst
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| Post: #450 Posted: Mon Mar 19, 2012 4:35 pm Post subject: |
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| ajayhkaul wrote: | | vinst wrote: | | ajayhkaul wrote: |
Who wants to miss brain smashers like 'saas bhi kabhi ....' and such atrocious crap that goes on for years ?
Now IPL advert tells you to actively avoid work and cheat to see fixed matches !
Anyways , icharts is a good place to start and enhance tech skills ...so we should refer people .... some might ,some wont ...so be it! |
boldly right on dot !
But aren't we mixing up Soap-watcher and investors? There may be an overlap, but the two sets aren't the same. |
Read my lips ....vinst.......again.... we are referring to the salaried class that is being targeted to invest in equities under the new measure in the budget. They are the 'employed' class and could enhance their FIQ by devoting some time to it ( say at least one member of the family) so that they are more discerning when investing in equities.
I am sure some percent of the salaried class will be triggered to understand more about the equity culture when faced with the decision to invest for tax saving purpose.
Is this very complicated vinst? Try to understand why the measure has been introduced in the budget for this year ...thats all .
[/u] |
I take this measure at its face value and not looking for any particular reason (read 'conspiracy' on the part of govt). If I want to look for reason, I'd think of proposed DTC showing the door to ELSS schemes. Probably, the govt will close one door and open another door beforehand.
If it is so conspiratorial to offer benefits to small investors, then all the measures to have some % of IPO's reserved for them, special schemes/waivers of charges (off and on) should have been protested against. In fact then why go to create so-called awareness and so-called 'educate them'? Govt should have let them remain complete suckers (if they all were ) and take advantage of them.
if the govt doesn;t offer anything for years, it is criticized for not doing anything to bring small investors to market. If it does offer some concession, it is branded like 'forcing' or like inviting lambs to be slaughtered.
What do we want? decide first and then take a position. |
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