Category Archives: VIVEK Speaks

MFF – 130903 – 22:56 Hrs

130903 – Our market newsletter MarketFastFood has always received the best feedback, ever since it was started in the year 2008. Ofcourse, some of them have also been critical about our opinion on certain issues. We would like to be categorically clear that, we don’t write to please a section of people or the investors, but we write our opinion which might or might not match with some.

Some time back we received a feedback that writing articles tantamount to journalism, and a journalist should write without any bias. We would like to be very clear that VRIDHI is not a journalism company but is one of the most respected Financial Planning company in Chennai and as well as India. We help others plan their finances and live in an organized way.

India is going through a touch phase, and our media and journalists should be more focused on healthy issues on their tv channels… atleast on prime time! But the sad thing is… as we write this article all major main stream tv channels, currently are spending their prime time on debating Director General of Police Vanzara’s letter about NarendraModi… how ridiculous that they just need a story on Modi to increase their TRP ratings. The quality of debates don’t matter anymore, the TRPs alone matter!

There are hundreds of ‘quality’ issues which can be discussed. No media runs continuous stories on scams or on the matters which are haunting the country right now. Even if now someone tells us now that again we are biased, since this is a story involving a CM of a state. We would still debate that this matter is not of great relevance since the contents of the letter are still not verified or proven.

How many of you are aware that a FIR was recently issued on Delhi CM Sheila Dikshit for alledged misuse of public money to win the 2008 assembly polls? Most of us may not have seen the news, simply because it was not hyped about by our so called journalists, or maybe they ran the news as scrolls for formality sake! They need to come out of the obsession of Modi… atleast for the countries sake and leave the judgment to the public.

We had almost stayed away from posting the news letter for quite some time. There have been various factors behind it. Let’s not dwell about them. But yes, we have been receiving requests from many and we intent to write our views regularly henceforth. Infact as well wishers you can text us or even mail us reminding us to post our views, in case if we miss. All appreciations, suggestions, criticisms, sarcasms will be taken in right strides.

Market details will be posted regularly henceforth and hence would like to keep this posting as short as possible by discussing one of the most important, rather by discussing the tsunami which can hit the entire country.

The Standard and Poors (S&P) already have a Negative rating of BBB- on India and have said that there are 1 in 3 chances that India might be further downgraded if things don’t improve on ground. Our PM-FM-PC Chairman all are economists, but they fail to realize that even a notch downgrade now would mean categorization of India to Junk Status!

If this happens we will see money flooding out of the Indian Economy and Stock Markets. Most of the pension funds are not even allowed to invest in countries with junk status. Govt. needs to act, act swiftly, and god knows if they would ever! The Rupee hitting new lows daily is the signal towards this.

So expect market to be volatile. Life of an investor will not be any easy, atleast until this corrupt govt. is voted out of Delhi.

Big support for Sensex lies at 17400-17800, more in next posting. Remain hooked to www.VRIDHI.co.in by following us with your email id. Look at the box on left to signup for email alerts.

VIVEK KARWA

Certified Financial Planner and Wealth Creator

Email: vk@vridhi.co.in

Mobile: +91 – 9841036524

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Our well wishers are our strength

Most probably, by the time you would be reading this note, our website would have crossed the 1,00,000 visitors mark. We agree that when compared to some of the famous websites this may be a small number but for a company which made a humble beginning not very long ago this achievement is by no means, small !

VRIDHI was founded by the undersigned who is a first generation entrepreneur. The recognition we have got today has not been achieved overnight. Vivek Karwa had been working very hard for the first 7-8 years of career and the results of the same have shown up only in past 3 – 4 years in the form of success! We at VRIDHI have always been honest, and been genuine to the investors and thus, though slow we are happy where we stand today.

Frankly we have seen actual VRIDHI after the inception of our company VRIDHI as a Pvt. Ltd. entity, today we have three private limited companies in our group. We believe that if a person continues to focus on excellence success will never let you down, but keep in mind you, you may have to remain patient for very long. We have been working for investor’s interest, and would like to be recognized as the best personal financial advisors in TN soon and would like to be in the top 10 list in India in the near future.

We would be lying if we say 100% of our clients are fully satisfied but yes except few rare cases none of them have left us! 100% can’t be achieved by anyone and if someone claims so you can easily assume a hidden agenda there. We as a company run by an IFA – Independent Financial Advisor cannot afford to lose clients unlike large companies who have number of people working to bring 10 new clients if 1 leaves them.

The undersigned, now-a-days gets invited as guest speaker at various meetings and programs by companies and many a times shares stage with top bureaucrats. Even today, a company with global turnover of over 15000 Crs had invited the undersigned to educate their employees. You all know we have great passion for educating investors and one interesting question put by a person in the meeting was:

We are so busy in our daily routine and you say go only through a good advisor, how can we find out if our advisor is honest and good?

Our Answer: If you find any of these symptoms in your advisor, its time to change him/her

1. Your advisor is also your relative, brother in law, etc,. : If you feel you are giving business to these people to oblige them then immediately stop doing so. Oblige them in other ways not by investing your hard earned money.

2. Your HR ties with a company which sells same product to all: Any advisor/company selling the same product to all applying blanket rule then stay away! No two people are same and hence One product may not suit all.

3. Your advisor is a One Medicine Doctor: Imagine your advisor (read agent) has a tie up with just one company so what choices does he have but to sell this one product alone to you? If you doctor sells say only crocin then he has no other option to advise you crocin in case of fever, headache, even for liver failure!

There are many agents in the market who are either just an “Insurance Agent or Mutual Fund Agent” hence they will hear you patiently and finally end up giving you their product! These are just product sellers though they may call themselves planners!

4. Question Back: once an advice is given ask your agent why is this product which he is giving you good for you?

This list is not exhaustive but these few points itself can help you keep you’re hard earned money safe. We are sure some personal mails would be sent to us from our One Medicine Doctors asking us not to write so frankly, we are here to build relationships with our clients for next 20-25 years minimum and hence better be honest so as not to regret later.

Expecting your Similar Support to VRIDHI ever

VIVEK KARWA, CPFA., CFPCM

Investment Strategist & Retirement Planner

Office Mobile: 98405-40575

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Supershot by Ganguly

Looks like all Ganguly’s exit in style! Be it Cricketer Sourav Ganguly or the Supreme Court’s judge justice Asok Kumar Ganguly! Sourav Ganguly called it a day at an appropriate time and is being respected even today, Justice Ganguly will be remembered the way he delivered the historical judgement on 2G scam in the morning and then Retired at 4pm! The nation should thank the justice for giving back the nation its rightful asset which some of the politicians in the present government under the “guidance” of some big one’s looted. By no stretch of imagination should we imagine that the scam’s master mind is Raja who is celebrating his first year in jail today, his jail anniversary comes on the same day of the SC judgment! What a co-incidence!

One should understand that exiting at the correct time does not mean a defeat. In fact, it raises your dignity and respect in the eyes of people. The so called most honest person has fallen in love with the chair and is acting as dumb-deaf-blind when it comes to taking action against the few most dishonest people around him. The “Love with the Chair” phenomenon can be seen even in organizations where few people try to remain in posts permanently. Selfish people will always bring out Zero Loss theories since they work not for the country but just want to keep pleasing their boss. These people being Indian don’t work for India how can you expect the honesty from others? Just how cricketers in order to hit the “century of centuries” start shivering the moment 90 runs are crossed since at that point of time the interest of self overtakes the nation’s interest.

The only reasoning the corrupt people give for all wrong things is that they just followed Vajpayee led NDA government’s policies. That means only NDA 6 year rule has done all wrong things in the country since independence and all others daily take bath by milk! Grow up! People like swamy are right when they recommend some of these people to revisit their school of law! So will these corrupt people now refund all the monies which may have been illegally earned from these corporate’s who mostly may have been arm twisted in paying up the bribes.

The government has been committing one mistake after another, the sole reason for this is not accepting the fact that they are corrupt and trying to pass the blame on the other governments which only reflects their arrogance and immaturity and hence Saturdays verdict on the home minister may change many equations. These corrupt people sold the 2G for Rs.9000 approx, the latest 3G bid got the government almost Rs.69000 Crs, going by the arithmetic the re-auctioning of 2G can fetch the government around Rs.97000 Crs!

The SC has asked the non functional government to frame the policy within four months. Rs.97000 Crs is a huge amount which will really bring some relief to the alarming fiscal deficit burden. But one can’t be sure how will this money be spent? By way of legal bribing schemes like the “NREGA” or announcing newer Loan Waiver schemes ahead of the 2014 general elections.

This is the first time in history that a army chief has taken the government to the court. Instead of showing maturity and giving way to the army chief the government wants to fight back. They don’t understand that his post is so vulnerable one. An unhappy army chief can always be contacted by terrorist countries like the Pakistan and lure such hurt people to take revenge on the government.

Even after all these, if these people come to power in the present election bound states then God save our country from our own foolish voters! People will only get the government which they deserve.

Jai Hind

VIVEK KARWA, CPFA., CFPCM

Writing as a Honest Bharatiya citizen.

P.S: Do visit https://vridhi.co.in/2012/01/10/one-lac-reasons-to-celebrate/ where few fabulous offers are on for grab for all. We are almost at the 1 Lac hits mark and have till now received 298 emails availing the benefits! One things sure here: You have nothing to lose in this offer.