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நான் வேலை இல்லா பட்டதாரி – வேலை விடும் பாகம்

21 Oct

“வேலை இல்லா பட்டதாரி” என்றவுடன் அனைவருக்கும் ஏதோ படித்துவிட்டு வேலைகிடைக்காத இளைஞன் தான் நினைவுக்கு வரும்.

இது கொஞ்சம் வேறமாதிரி.

பல காலம் பணியாற்றிவிட்டு, ஏதோ ஒரு காரணத்தில் வேலையைவிட்டு, பல பிடித்த விஷயங்களை முயற்சி செய்துவிட்டு, மீண்டும் வேலை தேடி…பல பல்புகளை வாங்கி…மீண்டும் வேலையில் அமர்ந்த என் கதை.

‘தன் காலில் நின்ற ஒரு நல்ல குழுவுக்கு நான் மேலாளராக நியமிக்கப்பட்டேன். நாட்டில் எல்லாம் நன்கு நடந்தால் தலைவனுக்கு என்ன வேலை. எனக்கு அரசியல் நன்கு தெரிந்திருந்தாலும், அரசியல் செய்ய பிடிக்கவில்லை. ஒரு வேளை அரசியல் செய்திருந்தால் குழப்பம் ஏற்படுத்தி குளிர் காய்ந்து இருக்கலாம். அல்லது ‘உட்வர்ட்ஸ் கிரைப் வாட்டர் விளம்பர பாணியில் அலுவலகத்தில் நிலவும் அனைத்து பிரச்சினைகளுக்கும் ‘என்ன ஆச்சு ….நீ குழந்தையா இருக்கச்ச…’ என்று அழையா விருந்தாளியாக அருள் வாக்கு தந்திருக்கலாம்.

என் வேலை நிமித்தம் வரும் 400 இமெயிலில் குறைந்தபட்சம் 120 பொருள்/இரகசியம் செறிந்த (context rich) இமெயிலை படித்து வேலை செய்ய வேண்டும்.

இமெயில் படிப்பதை உலகத்துக்கு எவ்வாறு உணர்த்துவது.

இதையெல்லாம் விட என் மேலாளர் என் குழுவையும் என்னையும் நிர்வகித்ததால் ‘நான் மன்மோகன்சிங் போலும் அவர் சோனியாகாந்தி போலும்’ என் குழுவினர் கண்களுக்கு தென்பட்டேன்.

பலமுறை இராஜினாமாவுக்கு முயன்றிருக்கிறேன், அன்று பார்த்து மேலாளர் கண்ணில் படமாட்டார், மனம் மாறிவிடும்.

கடைசியில் இராஜினாமா செய்துவிட்டேன்.

அடுத்து என்ன செய்யப்போகிறோம் என்று தெரியாது, ஆனால் மனம் ஆனந்த கூத்தாடியது.

நான் அவ்வளவு மட்டமான வேலையாளா? வேலை பார்த்த பல மாதங்களில் ஒரு பாராட்டும் வழிகாட்டுதலும் இன்றி தவித்திருக்கிறேன்.

வேலையை விட்ட சிலமாதங்களில் புதிதாக என் பழைய வேலையில் அமர்ந்தவர் சமூக வலைதளத்தில் என்னை அணுகி சொன்னார் “உங்களால் எப்படி இவ்வளவு மாதங்கள் இங்கு பணியாற்ற முடிந்தது?” (அவர் பணிக்கு சேர்ந்து 1 மாதம் தான் ஆகி இருந்தது, அவரை எனக்கு இதற்கு முன் தெரியாது).

எனக்கு நோபல் பரிசு பெற்ற ஒரு சந்தோஷம்….

Companies that trade below their 11 year cumulative paid dividends.

1 Sep

I aggregated the dividend history of all indian companies from various sources since year 2002.

WARNING: IT IS NOT A RECOMMENDATION TO BUY ANYTHING. DATA MAY BE BIT INACCURATE WHEN IT COMES TO CONSOLIDATION/SPLIT/BONUS.

Found that close to 178 companies are trading below their 10-11 year cumulative dividends paid.

That may not be a sign for buying them as many suffer from structural/cyclical reasons.

But this data may shield us from the general bearish sentiment that we suffer from now.

Many of these companies suffer from “Structural issues” like “No single promoter”, “Huge Debt”, “Huge Foreign currency loans”, “Foreign competeition” etc.

Company Name Current Market Price 11 year cumulative dividend
VARUN SHIPPING CO.LTD. 5.98 28.1
MAHANAGAR TELEPHONE NIGAM LTD. 9.9 31
HCL INFOSYSTEMS LTD. 21.7 61.4
3I INFOTECH LTD. 4.01 11
GLODYNE TECHNOSERVE LTD. 6.1 16.15
RAMCO INDUSTRIES LTD. 36 92.95
FALCON TYRES LTD 8.75 22.5
SHIPPING CORPORATION OF INDIA LTD. 30.6(Even if we consider the 1 for 2 bonus it should be 45Rs) 76.5
WEST COAST PAPER MILLS LTD. 38.7 80.2
INDO RAMA SYNTHETICS (INDIA) LTD. 13.24 27.05
EVEREST KANTO CYLINDER LTD. 7.5 14.05
KABRA EXTRUSIONTECHNIK LTD. 23.95 41.75
JM FINANCIAL LTD.-$ 19.15 32.8
MIRC ELECTRONICS LTD.(ONIDA) 5.1 8.45
TULIP TELECOM LTD. 7.89 12.2
INVESTMENT & PRECISION CASTINGS LTD. 35.95 54.7
ALOK INDUSTRIES LTD. 6.35 9.55
BLUE STAR INFOTECH LTD. 75.9 111.5
MUNJAL AUTO INDUSTRIES LTD. 26.8 39.5
ENGINEERS INDIA LTD. 129.95 190.75(This stock underwent a 1:1 split in 2010)
SIRPUR PAPER MILLS LTD. 19.4 27.5
BANCO PRODUCTS (INDIA) LTD 38.4 16.35(after considering 1:1 bonus and and 1:5 split in 2007)
Dalmia Bharat Sugar and Industries Ltd 13.35 18.5
RICO AUTO INDUSTRIES LTD. 5.17 6.3
J.J.EXPORTERS LTD. 11.3 14.3
ASHOK LEYLAND LTD. 12 7.3(After adjusting for bonus in 2011)
KANORIA CHEMICALS & INDUSTRIES LTD. 26.5 28.5
ORCHID CHEMICALS & PHARMACEUTICALS LTD. 40.05 42

You can easily close demat account and transfer shares to other demat account.

22 Jun

Merging 2 demat accounts is easy.

If for some reason you have more than one demat account you can merge them by doing following steps.

  • Choose the one you want to close by charges/service quality/locational proximity.
  • Go to the office of the demat account which you want to close with the following documents,
  1. Photo copy of Pan card.
  2. Holding statement of demat account you want to close and transfer.
  3. Client master of demat account you want to *retain* with nsdl logo(by default you get without nsdl logo…ask for the one with nsdl logo from your preferred depositary participant(one you want to tranfer *to*).
  4. Fill transfer/closure form and give above documents to your depositary participant where you want to close demat account from.

It takes 4 business days to close and transfer.

More importantly it is *FREE*.

If you have more than one demat account with no specific reason it is better to merge them for the following reasons,

  • easy maintainability
  • easy inheritance(our successors can not understand our account complications and one of our demat account may become useless with underlying assets.)
  • savings in annual maintenance fees.

Always open “Either Or Survivor” accounts no “Single” Accounts

1 Jun

Only from this year start, I learnt the importance of “Either Or Survivor” also known as “Anyone or Survivor”.

In short “Either or Survivor” is known as “EORS” account.

“EORS” is NOT “Joint” account. Joint account is typically for company officials where one person can not be given absolute financial power.

EORS is a mode of holding style or how an account can be operated.

When an account is of type EORS *at least* anyone of the holder can sign to execute a transaction. It would be useful in the following scenarios,

  • First holder is in abroad and want to execute something in India.
  • First holder is in serious illness and can not sign.
  • If I understand correctly account number can be retained even after the demise of the first holder(Remember your account number may be persisted in different systems like dividend credit, interest credit, tax return credit etc).
  • If first holder dies second holder need not wait till all legal formalities to access the funds.

 

Now where and all we can open a “EORS” account.

  • Bank
  • Mutual fund
  • Company fixed deposits

As per http://www.sebi.gov.in/faq/faqdemat.html You can not open a demat account in “Either or Survivor” mode… It is very bad in my opinion.

 

What should I do if my account is “Single”?

For banks write one letter and fill the new customer application form for the second holder if he/she does not have account already.

 

For mutual funds there is NO way to change “single” to “EORS”. You need to open a fresh folio with a type “EORS” and sell your single holding and buy in “EORS” holding.

Caution:

  • Unless you trust the second holder do not give EORS access. If you are just married wait for some time to judge your partner before granting EORS.

Even if you are single you can add *trusty* parents as “EORS” holder.

Technical analogy “EORS” is like granting “sudo” access so be careful before granting “EORS” access.

One more Technical analogy EORS is like a “OR” operator between holders, “Joint” is like “AND” operator.

Now list all your financial accounts and migrate them to “EORS”.

Share your networth regularly with your spouse/trust worthy relative.

9 Mar

At least once in 6 months prepare your net worth and share with your spouse or someone trustworthy. You can set a recurring calendar alarm so that you would do it without fail.

Sample networth report.
1. PPF  Institute Account_number latest_balance
2. EPF  company Account_number latest_balance
3. EPF  company Account_number latest_balance
4. EPF  company Account_number latest_balance

Yes most have many EPF accounts these days(thanks to failed PF transfer or not sure how to redeem the existing PF)

5. If you own stocks of one or two companies mention the balance, ISIN number(I say ISIN as ISIN would change when they issue BONUS/SPLIT), folio number, DP/ClientId, latest known market value.

6. If you own too many stocks record them in valueresearchonline.com and share the folio name, username and password.

7. If you own units of one or two mutual fund schemes mention the balance, ISIN number(I say ISIN as ISIN would change when they issue BONUS/SPLIT), folio number, DP/ClientId, latest known market value.

8. If you own too many mutual fund units record them in valueresearchonline.com and share the folio name, username and password.

9. If your company gives ESOP share what is the remaining options and exercise value of each lot and expiry time of each lot. Record the same for past employer alslo.

10. If your company gives RSU share what is the remaining options and vesting schedule. Record the same for past employer alslo.

11. Insurance policy number, agent’s name, agent’s number, Death benefits etc.

12. Insurance policy number, agent’s name, agent’s number, Death benefits etc.

13. Insurance policy number, agent’s name, agent’s number, Death benefits etc.

Yes many have too many insurance policies than the number of dress they own.

14. All SB/Current account, bank name, account number.

15. Fixed deposits with account number and institution, maturity date.

16. Personal loan lent to friends and colleague and remaining principle.

17. Land you bought with all the details.

18. Houses you bought with all the details

19. List all the loans you have taken with interest rate, remaining principal, whether you pay for accident cover etc.

20. Share your netbanking all internet credentials in a secure way to trusted way.

This report would ensure your heirs would have smoother transition of your hard earned wealth.

Is real estate a good investment?

3 Feb

Real estate is a sentimental liablity(often misunderstood as an asset). It is a great feel to own it but not for investment.

Today I was shown a property(11 years old second hand flat) @ some prime location in chennai, It is good and rate is not good.

Flat will not have building value beyond 25 years(i.e 14-15 more useful life).

Offer price to me was 70 lakh, I have UDS of  425 square feet.

Assuming rent would fetch 15k per month from the property with 5% raise year after year and real estate would appreciate 10% year on year I did the following math using excel(realestate)

All I get is only 6.75% per annum compounded returns.

Real estate is highly illiquid and highly unregulated sector.

Effect of mutual fund ‘DIRECT’ schemes.

3 Jan

As on Jan 3 2013

It is only 3 days since their launch.

As of now http://www.amfiindia.com/spages/NAV1.txt reflects yesterday’s(2 Jan 2013) NAVs of all schemes.

For example if you take “Franklin India Blue chip Growth” and “Franklin India Bluechip Fund- Direct – Growth” as on Jan 2 2013.

Scheme: NAV
Franklin India Bluechip Fund- Direct – Growth 239.4858
Franklin India Bluechip Fund-Growth 239.4819

The difference of 0.39 paise in 2 days.

All it means that if you have invested the same amount in both “Direct” and “AGENT” schemes your “AGENT” scheme woud have grown *less* by 0.39 paise in 2 days or 0.00162% in 2 days if I assume 52 weeks and 5 days per week it would be 0.2% per annum. Over years this 0.2% would make significant difference.

This difference would be directly proportional to “Churn” of the schemes.
If you invested in a “AGENT” scheme and that scheme has too many entry and exit of investors you will see the NAV affected accordingly as “AGENT COMMISSIONS” are paid from common pool.

“DIRECT” schemes have no such problem.

So “DIRECT SCHEME” NAV would be higher over time.

Be Aware when MF Advisor says “Cheap NAV” would make you buy more units(It is like an individual feeling rich by changing 1000 Rupee Note to 100 ’10’ rupee notes).

Prosper by being your own “Advisor” by using simple and neutral tools(Fund selector http://www.valueresearchonline.com/funds/fund_selector_quick.asp) like “ValueResearchonline.com”.