Moving On.........

Dear All,

thanks for reading my posts in this blog. From now you can read my blog entries on www.anoopswarup.com

Regards

Commerce & Economics as I understand

Money - Currently the elixir for most of the people across the world. US Govt bail out package approx 1 Trillion USD. UK/Europe bail out packages .5 Trillion USD. APAC Bail out packages .2Trillion USD. Does anyone have any clue about Africa??. Is the bail out packages really required? I have my own views:

1. Govt is pumping in money into those very companies that ruined economies
2. the very ppl who were heading those companies have gone scot free and have been given more money to play around with
3. Actually bail out packages increase the risk for fraud. Sample this: - An leading IT company in India frauds the economy by $1.5B USD, the people concerned are arrested and convicted by the govt. But if the same thing had been committed by 5-10 companies and the amount involved increases to USD 100 Billion, then the same govt gives these companies more money to play with.

So you see, how can we be assured that things will be normal. Already on a daily basis we are seeing hunderds of thousands being rendered jobless. The show just cannot go on. May be its a long term plan (which again may fail) to correct the economy. People are still not spending worrying about their hard earned monies. Unless this situation changes the economic downturn will continue.

On the contrary, if the bail out package is extended to the tax payers as well, then we can actually see the entire machinery in action (not just in place). Commerce and Economics thrive on expenditure and rotation of money (in simple terms). People will start spending their money, may be repaying their mortgages, travelling, buying cars, in all actually circulating the money back within the system.

This is purely my opinion and I may be wrong, but again I cannot be more wrong the most of the Chief executives running those so called biggies on the wall street.

PS: I cud go on and on but wanted to restrict this to the current size.

Cheers,

Financial Wisdom

The time that I have chosen for blogging is the one where we are hearing words like Economic Turbulence, Financial Terrorism, Recession and many other words associated with it. Lots of people are currently wondering on how to plan or whether this is the correct time to invest, if yes then where or to save money for the "rainy day". Few tips which I got from my alter ego (Warren Buffet) are below:-

1. Hard work: All hard work brings a profit, but mere talk leads only to poverty.
2. Laziness: A sleeping lobster is carried away by the water current.
3. Earnings: Never depend on a single source of income. [At least make your Investments get you second earning]
4. Spending: If you buy things you don't need, you'll soon sell things you need.
5. Savings: Don't save what is left after spending; Spend what is left after saving.
6. Borrowings: The borrower becomes the lender's slave.
7. Accounting: It's no use carrying an umbrella, if your shoes are leaking.
8. Auditing: Beware of little expenses; A small leak can sink a large ship.
9. Risk-taking: Never test the depth of the river with both feet. [ Have an alternate plan ready ]
10. Investment: Don't put all your eggs in one basket

Disclaimer:- I am not responsible if all of the above methods fail for any of you guyz.