Trading with PT style
- Thread starter praveen taneja
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Stock Specific News
•Maruti mulls options to counter yen impact on margins.
•Kotak Realty to raise $500 mn for investment in India.
•ArcelorMittal signs $6 bn credit facility.
•Jindal Saw eyes acquisition of logisics firm.
•BILT paper plans $330-mn London IPO.
•Sesa Goa bags Bellary Steel for Rs 220 cr.
•Cairn expects Vedanta deal to be approved.
•Mundra Port to build coal import terminal at Vizag.
•Yanzhou, Aditya Birla Group eye Whitehaven bids.
•Jyothy Labs acquires Delhi-based Diamond Fabcare.
•Times, Nimbus scout for global partners to sublicense IPL rights.
•Tata Power, Sunengy in pact for solar plant in India.
•'EGM to appoint new addl director on TFCI board invalid'.
•I-T dept issues Rs 616-cr tax notice to Mahindra Satyam.
•Mylan sues FDA, seeks earlier Lipitor generic sale.
•Maruti mulls options to counter yen impact on margins.
•Kotak Realty to raise $500 mn for investment in India.
•ArcelorMittal signs $6 bn credit facility.
•Jindal Saw eyes acquisition of logisics firm.
•BILT paper plans $330-mn London IPO.
•Sesa Goa bags Bellary Steel for Rs 220 cr.
•Cairn expects Vedanta deal to be approved.
•Mundra Port to build coal import terminal at Vizag.
•Yanzhou, Aditya Birla Group eye Whitehaven bids.
•Jyothy Labs acquires Delhi-based Diamond Fabcare.
•Times, Nimbus scout for global partners to sublicense IPL rights.
•Tata Power, Sunengy in pact for solar plant in India.
•'EGM to appoint new addl director on TFCI board invalid'.
•I-T dept issues Rs 616-cr tax notice to Mahindra Satyam.
•Mylan sues FDA, seeks earlier Lipitor generic sale.
<><>God's work must be done in God's way <><>
Three soldiers, hungry and weary of battle, came upon a small village. The villagers, suffering a meagre harvest and the many years of war, quickly hid what little they had to eat and met the three at the village square, wringing their hands and bemoaning the lack of anything to eat.
The soldiers spoke quietly among themselves and the first soldier then turned to the village elders. "Your tired fields have left you nothing to share, so we will share what little we have: the secret of how to make soup from stones."
Naturally the villagers were intrigued and soon a fire was put to the town's greatest kettle as the soldiers dropped in three smooth stones. "Now this will be a fine soup", said the second soldier; "but a pinch of salt and some parsley would make it wonderful!" Up jumped a villager, crying "What luck! I've just remembered where some's been left!" And off she ran, returning with an apron full of parsley and a turnip. As the kettle boiled on, the memory of the village improved: soon barley, carrots, beef and cream had found their way into the great pot, and a cask of wine was rolled into the square as all sat down to feast.
They ate and danced and sang well into the night, refreshed by the feast and their new-found friends. In the morning the three soldiers awoke to find the entire village standing before them. At their feet lay a satchel of the village's best breads and cheese. "You have given us the greatest of gifts: the secret of how to make soup from stones", said an elder, "and we shall never forget." The third soldier turned to the crowd, and said:
"There is no secret, but this is certain: it is only by sharing that we may make a feast".
And off the soldiers wandered, down the road.
Three soldiers, hungry and weary of battle, came upon a small village. The villagers, suffering a meagre harvest and the many years of war, quickly hid what little they had to eat and met the three at the village square, wringing their hands and bemoaning the lack of anything to eat.
The soldiers spoke quietly among themselves and the first soldier then turned to the village elders. "Your tired fields have left you nothing to share, so we will share what little we have: the secret of how to make soup from stones."
Naturally the villagers were intrigued and soon a fire was put to the town's greatest kettle as the soldiers dropped in three smooth stones. "Now this will be a fine soup", said the second soldier; "but a pinch of salt and some parsley would make it wonderful!" Up jumped a villager, crying "What luck! I've just remembered where some's been left!" And off she ran, returning with an apron full of parsley and a turnip. As the kettle boiled on, the memory of the village improved: soon barley, carrots, beef and cream had found their way into the great pot, and a cask of wine was rolled into the square as all sat down to feast.
They ate and danced and sang well into the night, refreshed by the feast and their new-found friends. In the morning the three soldiers awoke to find the entire village standing before them. At their feet lay a satchel of the village's best breads and cheese. "You have given us the greatest of gifts: the secret of how to make soup from stones", said an elder, "and we shall never forget." The third soldier turned to the crowd, and said:
"There is no secret, but this is certain: it is only by sharing that we may make a feast".
And off the soldiers wandered, down the road.
11 smart ways to get out of debt and stay out of debt
In spite of steady, regular income there are so many individuals who live pay cheque to pay cheque, carry their credit card outstanding, and fail to save anything for their retirement. If you are one among them, now is the right time to take some smart action to come out of debt and stay out of debt. It is not only possible; it is unbelievably achievable.
1) List down all your debts
You need to take stock of all your loans and borrowings. It could be credit card due, personal loan, car loan, housing loan, education loan, loan from FD, loan from insurance policies, loan from your employer, hand loan and so on. For each and every loan you need to note down how much you owe, the present interest rate, EMI, Number of months to be paid.
2) Negotiate for lower interest rates
If you could negotiate the interest rate and bring it down, then you can come out of debt quicker. Most of the credit card companies come forward for negotiation if you sincerely show interest in repaying. They need not run after you to collect the debt. It will reduce their expenses. So they will be happy to negotiate. Balance transfer offers from credit cards are also a way to reduce your interest rate.
3) Refinancing and consolidation
Replacing a loan with another is known as Refinancing. By doing a refinance it should reduce your interest rate and it should bring down the time you are in debt. But most often people go for refinance that provide them lower EMI but increasing the time they stay in debt.
4) Categorise your debt
Housing loan can increase your net worth over a period of time. Housing loan gives you tax benefit also. For a business man car loan provides some tax benefit. Based on these factors a debt needs to be categorized. This will help us in comparing different loans.
5) Prioritize your debts
After sorting out various loans, now we can comfortably prioritize the loans. Obviously this will be based on the interest rates and tax benefits. At times paying off a small loan first can give you a lot of motivation to get out of debt.
6) Creating and Executing a Debt payoff plan
You need to create a debt pay off plan with different scenarios. So that you can find out how some more savings or a different repayment order will help you to get out of debt sooner. When creating a plan, you need to choose one which is comfortable to your attitude. Otherwise, you may not execute it properly.
7) Refrain yourselves from applying for fresh loans
You need to make a vow that you will not be adding any fresh loans, till you come out of all your debts completely. Think for a moment, how you will feel when you become debt free. This will give you a lot of positive energy to come out and stay out of debt.
8) Postpone buying major assets
Buying a property or any other assets need to be postponed till you get out of debt. With your new ownership comes the new, probably large and unpredictable expense. This can make you deviate from your debt pay off plans and at times the consequences could be uncontrollable.
9) You stop using your credit card
There are two groups. One group of people uses the credit cards responsibly. That is they will repay the credit card dues in full when they receive the bill. The other group will pay the minimum amount due and carry forward the balance amount due. If you belong to the second group, you need to stop using credit cards temporarily. Take out and keep your credit cards in the locker. Once your financial situation and buying habits improve, then you can start using your credit cards again.
10) Change your spending habits.
Being in debt obviously means that you have been living beyond your means. The solution is very simple. Spend less than you earn and you will get out of debt soon. You need to change your spending habits. Then only this simple solution will be achievable. If you buy things you don't need, you'll soon sell things you need. Don't save what is left after spending; spend what is left after saving.
11) Involve all your family members
You need to inform all your family members and dependents about your debt status. Then you will be able to take decisions with much more clarity. Moreover, if your family members know about your debt, they will also change their spending habits and support you in getting out of debt faster.
Consider the postage stamp: Its usefulness consists in the ability to stick to one thing till it gets there. Similarly, you need to stick to your debt pay off plan till you get out of it.
In spite of steady, regular income there are so many individuals who live pay cheque to pay cheque, carry their credit card outstanding, and fail to save anything for their retirement. If you are one among them, now is the right time to take some smart action to come out of debt and stay out of debt. It is not only possible; it is unbelievably achievable.
1) List down all your debts
You need to take stock of all your loans and borrowings. It could be credit card due, personal loan, car loan, housing loan, education loan, loan from FD, loan from insurance policies, loan from your employer, hand loan and so on. For each and every loan you need to note down how much you owe, the present interest rate, EMI, Number of months to be paid.
2) Negotiate for lower interest rates
If you could negotiate the interest rate and bring it down, then you can come out of debt quicker. Most of the credit card companies come forward for negotiation if you sincerely show interest in repaying. They need not run after you to collect the debt. It will reduce their expenses. So they will be happy to negotiate. Balance transfer offers from credit cards are also a way to reduce your interest rate.
3) Refinancing and consolidation
Replacing a loan with another is known as Refinancing. By doing a refinance it should reduce your interest rate and it should bring down the time you are in debt. But most often people go for refinance that provide them lower EMI but increasing the time they stay in debt.
4) Categorise your debt
Housing loan can increase your net worth over a period of time. Housing loan gives you tax benefit also. For a business man car loan provides some tax benefit. Based on these factors a debt needs to be categorized. This will help us in comparing different loans.
5) Prioritize your debts
After sorting out various loans, now we can comfortably prioritize the loans. Obviously this will be based on the interest rates and tax benefits. At times paying off a small loan first can give you a lot of motivation to get out of debt.
6) Creating and Executing a Debt payoff plan
You need to create a debt pay off plan with different scenarios. So that you can find out how some more savings or a different repayment order will help you to get out of debt sooner. When creating a plan, you need to choose one which is comfortable to your attitude. Otherwise, you may not execute it properly.
7) Refrain yourselves from applying for fresh loans
You need to make a vow that you will not be adding any fresh loans, till you come out of all your debts completely. Think for a moment, how you will feel when you become debt free. This will give you a lot of positive energy to come out and stay out of debt.
8) Postpone buying major assets
Buying a property or any other assets need to be postponed till you get out of debt. With your new ownership comes the new, probably large and unpredictable expense. This can make you deviate from your debt pay off plans and at times the consequences could be uncontrollable.
9) You stop using your credit card
There are two groups. One group of people uses the credit cards responsibly. That is they will repay the credit card dues in full when they receive the bill. The other group will pay the minimum amount due and carry forward the balance amount due. If you belong to the second group, you need to stop using credit cards temporarily. Take out and keep your credit cards in the locker. Once your financial situation and buying habits improve, then you can start using your credit cards again.
10) Change your spending habits.
Being in debt obviously means that you have been living beyond your means. The solution is very simple. Spend less than you earn and you will get out of debt soon. You need to change your spending habits. Then only this simple solution will be achievable. If you buy things you don't need, you'll soon sell things you need. Don't save what is left after spending; spend what is left after saving.
11) Involve all your family members
You need to inform all your family members and dependents about your debt status. Then you will be able to take decisions with much more clarity. Moreover, if your family members know about your debt, they will also change their spending habits and support you in getting out of debt faster.
Consider the postage stamp: Its usefulness consists in the ability to stick to one thing till it gets there. Similarly, you need to stick to your debt pay off plan till you get out of it.
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