CELEB FINANCIAL PLANNERS Global
01.11.2010
After spending so many years with people around us , through their experiences and our own experience we have come out with 9 RATNAS of CELEB FINANCIAL PLANNERS Global, They are:
1.Confidence
2.Hard work the smart way
3.Humbleness
4.integrity
5.Self Belief
6.Character
7.Vision with Mission
8.Focus
9.Perseverance
An explanation of every word would be different for every individual, so we are not explaining what it means for you, becuase we know what it means for us, which we would share in times to come.
Sunday, October 31, 2010
Learning on HR, through a co-passenger on indian railways
On 30th october 2010, on my way to Lucknow from Delhi, my co-passenger who was travelling from khanna in punjab, shared a lot of his views and as i love human interactions and analyse different personalities, he said something which just striked my chords.
He said : "If someone leaves your company and never comes back, he was never yours, you should not regret
- if he comes back and you say no to him, and he gets the job, then you were bad at managing a good resource.
-if he does not get a job, he was never a good resource and you can always get a better than him"
These few lines have given me a new chapter on human resource management, which i would see to it, that is incorporated in the HR Guidelines of our company soon.
These are the lessons of the life which no book teaches but Life Itself.
He said : "If someone leaves your company and never comes back, he was never yours, you should not regret
- if he comes back and you say no to him, and he gets the job, then you were bad at managing a good resource.
-if he does not get a job, he was never a good resource and you can always get a better than him"
These few lines have given me a new chapter on human resource management, which i would see to it, that is incorporated in the HR Guidelines of our company soon.
These are the lessons of the life which no book teaches but Life Itself.
Saturday, October 30, 2010
SAMANVAY 2010 LUMBA Reunion current batch, the lecturers as mentors and the ALUMNI.
LUMBA 2010
SAMANVAY 2010
The reunion organized to bring together the ALUMNI of the LUMBA campus, working at different levels in the corporate and the PSU companies, was a real refeshing juice, for all.
The event was SAMANAVAY 2010, the word itself means harmony and equality among all, was well received by all ALUMNI, and all had some great discussion with the current batch, alongwith some success mantras to apply in their endeavours once out of the campus.The super seniors and super juniors had some great bonding and lot of topics to discuss about.
As an ALUMNI, what i observed and analysed was that this esteemed institution has one thing in common which is the respect for their respective GURUS, because it is the teachers, the gurus who imbibe in us all the virtues of ethical understandings in the world , broaden our wisdom horizon and at the same time correct us in the best way possible,
Looking forward to a lot more events like this and at the same time the traditions should go and should not stop and the seniors passing out of the college should pass on the baton of culture and values which they have developed all thir life.
TC and BEST OF LUCK to all for their future endeavours.
AN ALUMNI
SAMANVAY 2010
The reunion organized to bring together the ALUMNI of the LUMBA campus, working at different levels in the corporate and the PSU companies, was a real refeshing juice, for all.
The event was SAMANAVAY 2010, the word itself means harmony and equality among all, was well received by all ALUMNI, and all had some great discussion with the current batch, alongwith some success mantras to apply in their endeavours once out of the campus.The super seniors and super juniors had some great bonding and lot of topics to discuss about.
As an ALUMNI, what i observed and analysed was that this esteemed institution has one thing in common which is the respect for their respective GURUS, because it is the teachers, the gurus who imbibe in us all the virtues of ethical understandings in the world , broaden our wisdom horizon and at the same time correct us in the best way possible,
Looking forward to a lot more events like this and at the same time the traditions should go and should not stop and the seniors passing out of the college should pass on the baton of culture and values which they have developed all thir life.
TC and BEST OF LUCK to all for their future endeavours.
AN ALUMNI
Thursday, October 28, 2010
India must improve infrastructure to compete with China: Narayana Murthy
Economic times
BANGALORE: India needs to improve its infrastructure significantly if it has to compete with China, said N. R. Narayana Murthy , non-executive Chairman of Infosys Technologies .
Addressing an All India Management Association (AIMA) Conference here, Murthy said that improved efficiency and lowered costs are the only way India can compete with cheaper countries for IT and IT-Enabled Services (ITES).
"At this point of time, to be able to compete with a country like China and even countries like Vietnam and others who happen to be even cheaper than India, it's not going to be very easy unless we improve our infrastructure significantly, unless we enhance the efficiency of our supply chain, and at the same time bring down the cost of those services. It's not going to be easy for India to compete with these countries," said Murthy.
Murthy added that the Indian IT industry is growing at the rate of 20 percent per annum, and in the next decade would reach a figure of 300 billion dollars.
"The industry grows at 20 percent per annum. In the next decade, we can reach that figure clearly of 300 billion dollars from the current figure of what is 50 billion dollars, or so. On the other hand, if we grow at 10 percent, then we can indeed do that in, perhaps, in about 16-17 years. And most often we have performed better than what the projections have said. Therefore, I think we are all quite positive that there will be great opportunities," added Murthy.
He said that the areas where incremental opportunities can be seen are the public sector and governance. The second area for such opportunities would be from emerging markets as against the developed world and the third would be relatively newer fields like appliance, computing, firmware, genomics, healthcare and the digital economy.
Critical issues being faced by the knowledge and professional services industry in India today were discussed at the conference and a road map was developed to stay ahead of the global competition.
India's 60 billion dollars outsourcing industry employs over two million people and accounts for five percent of the country's economic output.
Addressing an All India Management Association (AIMA) Conference here, Murthy said that improved efficiency and lowered costs are the only way India can compete with cheaper countries for IT and IT-Enabled Services (ITES).
"At this point of time, to be able to compete with a country like China and even countries like Vietnam and others who happen to be even cheaper than India, it's not going to be very easy unless we improve our infrastructure significantly, unless we enhance the efficiency of our supply chain, and at the same time bring down the cost of those services. It's not going to be easy for India to compete with these countries," said Murthy.
Murthy added that the Indian IT industry is growing at the rate of 20 percent per annum, and in the next decade would reach a figure of 300 billion dollars.
"The industry grows at 20 percent per annum. In the next decade, we can reach that figure clearly of 300 billion dollars from the current figure of what is 50 billion dollars, or so. On the other hand, if we grow at 10 percent, then we can indeed do that in, perhaps, in about 16-17 years. And most often we have performed better than what the projections have said. Therefore, I think we are all quite positive that there will be great opportunities," added Murthy.
He said that the areas where incremental opportunities can be seen are the public sector and governance. The second area for such opportunities would be from emerging markets as against the developed world and the third would be relatively newer fields like appliance, computing, firmware, genomics, healthcare and the digital economy.
Critical issues being faced by the knowledge and professional services industry in India today were discussed at the conference and a road map was developed to stay ahead of the global competition.
India's 60 billion dollars outsourcing industry employs over two million people and accounts for five percent of the country's economic output.
Wednesday, October 27, 2010
Few steps towards "INDIA, a DEVELOPED NATION"
Analytics on Indian Economy
by CELEB FINANCIAL PLANNERS Global
27.10.2010
As blogged few days back about indian economy speculated to become a developed nation by 01.01.2014, through FII's , FDI's , money being raised through large indian corporate houses fulfilling the corporate social responsibility (CSR), by venturing into different need based industries like health, education, telecom, departmental retail stores, financial services company or other companies in other industries looking for banking license, would actually effect and affect the indian economy on a B+ve platform which actually create "a Bharat Nirman"
As a good time citizenship suggestion is that why don't we as an economy bring in conditional FII's or FDI's , wherein the investor will have all the benefits it enjoys under present paradigm, but cannot suck or liquidate or withdraw the investment before a fixed tenure say 91 days/ 181 days. 271 days or 366 days. This should not be treated as FD's or short term debt funds, neither should the benefits of FD or short term benefit should apply, rather should be treated as FII's or FDI's with few more added financial advantages to them.
For economy: This would bring immense stability to the stock market and already booming share prices will go up more steadily, more investors will find to invest in india because the returns will be more lucrative and steady. this is a small step towards INDIA - a DEVELOPED NATION.
For FII's or FDI's : the investment would be held stuck for a fixed tenure, liquidity would be zero for the fixed tenure, but the advantages arre that the benefits and returns would be of or similar to what is being given to present FII's or FDI's.
by CELEB FINANCIAL PLANNERS Global
27.10.2010
As blogged few days back about indian economy speculated to become a developed nation by 01.01.2014, through FII's , FDI's , money being raised through large indian corporate houses fulfilling the corporate social responsibility (CSR), by venturing into different need based industries like health, education, telecom, departmental retail stores, financial services company or other companies in other industries looking for banking license, would actually effect and affect the indian economy on a B+ve platform which actually create "a Bharat Nirman"
As a good time citizenship suggestion is that why don't we as an economy bring in conditional FII's or FDI's , wherein the investor will have all the benefits it enjoys under present paradigm, but cannot suck or liquidate or withdraw the investment before a fixed tenure say 91 days/ 181 days. 271 days or 366 days. This should not be treated as FD's or short term debt funds, neither should the benefits of FD or short term benefit should apply, rather should be treated as FII's or FDI's with few more added financial advantages to them.
For economy: This would bring immense stability to the stock market and already booming share prices will go up more steadily, more investors will find to invest in india because the returns will be more lucrative and steady. this is a small step towards INDIA - a DEVELOPED NATION.
For FII's or FDI's : the investment would be held stuck for a fixed tenure, liquidity would be zero for the fixed tenure, but the advantages arre that the benefits and returns would be of or similar to what is being given to present FII's or FDI's.
Monday, October 25, 2010
Analysis & speculation 01.01.2014 -INDIA- A DEVELOPED NATION
"Economy, BRIC, and G-7, my analysyis and speculation says that the kind of investments through foreign instruments by FII, and the money floating in the market if utilized optimally, can create a situation for india becoming a DEVELOPED NATION BY 01.01.2014"
Indian econmy will become a developed nation by 2020, is what our EX- President Mr, APJ Abdul Kalam said, but seeing the indian econmy's present growth story, FII's coming to india, and money being raised through IPO''s and all major corporate houses in india adding on to this through CORPORATE SOCIAL RESPONSIBILITY, what CFP Global see the Future is that india is going to become a developed nation by 01.01.2014.
The markets may go down once during this tenure but that would be short term, not effecting much to the ecer fastest growth story of india,
the scopes:
Take any field or industry for that matter, the scope is immense both for the people and for the companies operating in these industries.
Agriculture/ commerce/ industries/ manufacturing/ service industry...every where a story of success can be written., re-written or new chapters of success can be added on to it.
Please feel indian and be a part of this story
Indian econmy will become a developed nation by 2020, is what our EX- President Mr, APJ Abdul Kalam said, but seeing the indian econmy's present growth story, FII's coming to india, and money being raised through IPO''s and all major corporate houses in india adding on to this through CORPORATE SOCIAL RESPONSIBILITY, what CFP Global see the Future is that india is going to become a developed nation by 01.01.2014.
The markets may go down once during this tenure but that would be short term, not effecting much to the ecer fastest growth story of india,
the scopes:
Take any field or industry for that matter, the scope is immense both for the people and for the companies operating in these industries.
Agriculture/ commerce/ industries/ manufacturing/ service industry...every where a story of success can be written., re-written or new chapters of success can be added on to it.
Please feel indian and be a part of this story
E-MAIL FROM NARAYAN MURTHY- INFOSYS
Mail sent by Narayan Murthy to all Infosys staff:
It's half past 8 in the office but the lights are still on...
PCs still running, coffee machines still buzzing....
And who's at work? Most of them ??? Take a closer look...
All or most specimens are ??
Something male species of the human race...
Look closer... again all or most of them are bachelors...
And why are they sitting late? Working hard? No way!!!
Any guesses???
Let's ask one of them...
Here's what he says... "What's there 2 do after going home...Here we get to surf, AC, phone, food, coffee that is why I am working late...Importantly no bossssssss!!!!!!!!!!!"
This is the scene in most research centers and software companies and other off-shore offices.
Bachelors "Time-passing" during late hours in the office just bcoz they say they've nothing else to do...
Now what r the consequences...
"Working" (for the record only) late hours soon becomes part of the institute or company culture.
With bosses more than eager to provide support to those "working" late in the form of taxi vouchers, food vouchers and of course good feedback, (oh, he's a hard worker... goes home only to change..!!).
They aren't helping things too...
To hell with bosses who don't understand the difference between "sitting" late and "working" late!!!
Very soon, the boss start expecting all employees to put in extra working hours.
So, My dear Bachelors let me tell you, life changes when u get married and start having a family... office is no longer a priority, family is... and
That's when the problem starts... b'coz u start having commitments at home too.
For your boss, the earlier "hardworking" guy suddenly seems to become a "early leaver" even if u leave an hour after regular time... after doing the same amount of work.
People leaving on time after doing their tasks for the day are labelled as work-shirkers...
Girls who thankfully always (its changing nowadays... though) leave on time are labelled as "not up to it". All the while, the bachelors pat their own backs and carry on "working" not realizing that they r spoiling the work culture at their own place and never realize that they would have to regret at one point of time.
So what's the moral of the story??
* Very clear, LEAVE ON TIME!!!
* Never put in extra time " unless really needed "
* Don't stay back unnecessarily and spoil your company work culture which will in turn cause inconvenience to you and your colleagues.
There are hundred other things to do in the evening..
Learn music...
Learn a foreign language...
Try a sport... TT, cricket.........
Importantly,get a girl friend or boy friend, take him/her around town...
* And for heaven's sake, net cafe rates have dropped to an all-time low (plus, no fire-walls) and try cooking for a change.
Take a tip from the Smirnoff ad: *"Life's calling, where are you??"*
Please pass on this message to all those colleagues and please do it before leaving time,
don't stay back till midnight to forward this!!!
IT'S A TYPICAL INDIAN MENTALITY THAT WORKING FOR LONG HOURS MEANS VERY HARD WORKING & 100% COMMITMENT ETC.
PEOPLE WHO REGULARLY SIT LATE IN THE OFFICE DON'T KNOW TO MANAGE THEIR TIME. SIMPLE !
Regards,
NARAYAN MURTHY.
It's half past 8 in the office but the lights are still on...
PCs still running, coffee machines still buzzing....
And who's at work? Most of them ??? Take a closer look...
All or most specimens are ??
Something male species of the human race...
Look closer... again all or most of them are bachelors...
And why are they sitting late? Working hard? No way!!!
Any guesses???
Let's ask one of them...
Here's what he says... "What's there 2 do after going home...Here we get to surf, AC, phone, food, coffee that is why I am working late...Importantly no bossssssss!!!!!!!!!!!"
This is the scene in most research centers and software companies and other off-shore offices.
Bachelors "Time-passing" during late hours in the office just bcoz they say they've nothing else to do...
Now what r the consequences...
"Working" (for the record only) late hours soon becomes part of the institute or company culture.
With bosses more than eager to provide support to those "working" late in the form of taxi vouchers, food vouchers and of course good feedback, (oh, he's a hard worker... goes home only to change..!!).
They aren't helping things too...
To hell with bosses who don't understand the difference between "sitting" late and "working" late!!!
Very soon, the boss start expecting all employees to put in extra working hours.
So, My dear Bachelors let me tell you, life changes when u get married and start having a family... office is no longer a priority, family is... and
That's when the problem starts... b'coz u start having commitments at home too.
For your boss, the earlier "hardworking" guy suddenly seems to become a "early leaver" even if u leave an hour after regular time... after doing the same amount of work.
People leaving on time after doing their tasks for the day are labelled as work-shirkers...
Girls who thankfully always (its changing nowadays... though) leave on time are labelled as "not up to it". All the while, the bachelors pat their own backs and carry on "working" not realizing that they r spoiling the work culture at their own place and never realize that they would have to regret at one point of time.
So what's the moral of the story??
* Very clear, LEAVE ON TIME!!!
* Never put in extra time " unless really needed "
* Don't stay back unnecessarily and spoil your company work culture which will in turn cause inconvenience to you and your colleagues.
There are hundred other things to do in the evening..
Learn music...
Learn a foreign language...
Try a sport... TT, cricket.........
Importantly,get a girl friend or boy friend, take him/her around town...
* And for heaven's sake, net cafe rates have dropped to an all-time low (plus, no fire-walls) and try cooking for a change.
Take a tip from the Smirnoff ad: *"Life's calling, where are you??"*
Please pass on this message to all those colleagues and please do it before leaving time,
don't stay back till midnight to forward this!!!
IT'S A TYPICAL INDIAN MENTALITY THAT WORKING FOR LONG HOURS MEANS VERY HARD WORKING & 100% COMMITMENT ETC.
PEOPLE WHO REGULARLY SIT LATE IN THE OFFICE DON'T KNOW TO MANAGE THEIR TIME. SIMPLE !
Regards,
NARAYAN MURTHY.
Friday, October 22, 2010
CELEB FINANCIAL PLANNERS Global- A mentor for CERTIFIED FINANCIAL PLANNER CM course
CELEB FINANCIAL PLANNERS Global is mentoring students and working professionals to get certified as a CERTIFIED FINANCIAL PLANNER by FBSB India, through IIFP( Indian Institute of Financial Planning), an authorized eductaion provider.
CERTIFIED FINANCIAL PLANNERCM
Certification is a mark of excellence granted to individuals who meet the stringent standards of education, examination, experience and ethics. It is the most prestigious and internationally accepted Financial Planning qualification recognized and respected by the global financial community. The CFPCM Certification wins trust and presents opportunities worldwide. In this era of super specialization, the Professional Certification - CERTIFIED FINANCIAL PLANNERCM Certification, gears career aspirants and existing financial intermediaries for giving comprehensive financial advisory services to individuals and make a satisfying career in the financial services industry. FPSB India is the principal licensing body that awards CFPCM Certification in India through an agreement with FPSB Limited. CFPCM Certification is the highest level of Certification worldwide in the field of Financial Planning with over 100000 CFPCM Certificants and widely respected by consumers, professionals & industry. Education is an integral component of the CFPCM Certification Program and any candidate aspiring to become CFPCM Certificant has to register himself with any of the FPSB India’s Authorized Education Providers. However, certain candidates having specified qualifications and work experience have an option of applying through Challenge Status pathway wherein they can challenge the CFPCM Certification Education Programme.
Benefits of CFP cm Certification
Enhanced career and employment opportunities with Financial Services companies. Your Services are sought by banks, distribution houses, AMC, insurance Companies, equity broking and Financial Planning firms.
Personal satisfaction of achieving the Financial Planning profession’s highest standard and met the global benchmark.
Satisfied clients who appreciate the comprehensive approach to Financial Planning and extend long term relationship and referrals.
Your expertise and credibility as a qualified professional is instantly communicated. More revenue streams by increasing your product and service offering to your clients.
Enhanced Social Status by joining the league of professionals.
Recognition in more than 23 countries across the world.
Your credentials demonstrate trust among the financial consumers.
You have met the global benchmark for competency, ethics & professional practice standards to provide comprehensive Financial Planning services.
You join the global league of the best Financial Planning professionals
For Advice call @ +919711300489, +919811536424
or email @ contact@cfpglobal.com, hrcfpg@cfpglobal.com
http://www.cfpglobal.com/
CERTIFIED FINANCIAL PLANNERCM
Certification is a mark of excellence granted to individuals who meet the stringent standards of education, examination, experience and ethics. It is the most prestigious and internationally accepted Financial Planning qualification recognized and respected by the global financial community. The CFPCM Certification wins trust and presents opportunities worldwide. In this era of super specialization, the Professional Certification - CERTIFIED FINANCIAL PLANNERCM Certification, gears career aspirants and existing financial intermediaries for giving comprehensive financial advisory services to individuals and make a satisfying career in the financial services industry. FPSB India is the principal licensing body that awards CFPCM Certification in India through an agreement with FPSB Limited. CFPCM Certification is the highest level of Certification worldwide in the field of Financial Planning with over 100000 CFPCM Certificants and widely respected by consumers, professionals & industry. Education is an integral component of the CFPCM Certification Program and any candidate aspiring to become CFPCM Certificant has to register himself with any of the FPSB India’s Authorized Education Providers. However, certain candidates having specified qualifications and work experience have an option of applying through Challenge Status pathway wherein they can challenge the CFPCM Certification Education Programme.
Benefits of CFP cm Certification
Enhanced career and employment opportunities with Financial Services companies. Your Services are sought by banks, distribution houses, AMC, insurance Companies, equity broking and Financial Planning firms.
Personal satisfaction of achieving the Financial Planning profession’s highest standard and met the global benchmark.
Satisfied clients who appreciate the comprehensive approach to Financial Planning and extend long term relationship and referrals.
Your expertise and credibility as a qualified professional is instantly communicated. More revenue streams by increasing your product and service offering to your clients.
Enhanced Social Status by joining the league of professionals.
Recognition in more than 23 countries across the world.
Your credentials demonstrate trust among the financial consumers.
You have met the global benchmark for competency, ethics & professional practice standards to provide comprehensive Financial Planning services.
You join the global league of the best Financial Planning professionals
For Advice call @ +919711300489, +919811536424
or email @ contact@cfpglobal.com, hrcfpg@cfpglobal.com
http://www.cfpglobal.com/
More than half of world's most innovative companies are in Asia, Europe
Bangalore: There was a time when most of the top innovative companies were Americans, but that U.S. dominance no longer exists today. According to a survey done by James Andrew, Senior Partner and Head of the global innovation practice at Boston Consulting Group, more than half of the companies in this year's most innovative companies list came from Asia and Europe.
As per the report published in Bloomberg BusinessWeek, 80 percent of the respondents were of the opinion that to benefit from the economic recovery, innovation will be a key part of their strategy. While 72 percent of the companies consider innovation as a "top three" strategic priority, 61 percent of them are planning to increase their investment on innovation.
In this year's list of top 50 innovative companies, 15 Asian companies found their place, out of which, four were there in the top 10 companies. These four Asian companies are - Toyota Motor (5th), LG Electronics (7th), BYD (8th) and SONY (10th). On the other hand, 11 European companies made into the top 50 list including Volkswagen, BMW, Nokia, Virgin Group, Siemens, Nestle, British Sky Broadcasting, Vodafone, Banco Santander, Fiat and HSBC.
The survey showed that in the year 2007 Tata Group (17th) established the Tata Group Innovation Forum, a panel of the company's senior executives and selected CEOs of its independently run businesses. The purpose behind setting up the panel was to inspire its employees to be more innovative.
A similar move came from Honda Motor (26th), when it promoted its former head of research and development to the CEO spot last year. Samsung Electronics also took a vital step toward innovation by restating innovation's priority in Vision 2020
contributed by SILICON INDIA
As per the report published in Bloomberg BusinessWeek, 80 percent of the respondents were of the opinion that to benefit from the economic recovery, innovation will be a key part of their strategy. While 72 percent of the companies consider innovation as a "top three" strategic priority, 61 percent of them are planning to increase their investment on innovation.
In this year's list of top 50 innovative companies, 15 Asian companies found their place, out of which, four were there in the top 10 companies. These four Asian companies are - Toyota Motor (5th), LG Electronics (7th), BYD (8th) and SONY (10th). On the other hand, 11 European companies made into the top 50 list including Volkswagen, BMW, Nokia, Virgin Group, Siemens, Nestle, British Sky Broadcasting, Vodafone, Banco Santander, Fiat and HSBC.
The survey showed that in the year 2007 Tata Group (17th) established the Tata Group Innovation Forum, a panel of the company's senior executives and selected CEOs of its independently run businesses. The purpose behind setting up the panel was to inspire its employees to be more innovative.
A similar move came from Honda Motor (26th), when it promoted its former head of research and development to the CEO spot last year. Samsung Electronics also took a vital step toward innovation by restating innovation's priority in Vision 2020
contributed by SILICON INDIA
Thursday, October 21, 2010
INTRODUCTION LETTER to CELEB FINANCIAL PLANNERS Global
Corporate Office: Telephone: +91 (0120) 4215660
D‐83, First Floor, Cell: +91‐98115 36424
Sector‐61, NOIDA‐201301 contact@cfpglobal.com
India. http://www. cfpglobal.com
Introduction Letter
Ajit Panicker
Chief Financial planner
Celeb Financial Planners Global
Telephone: +91 (120) 4215660
Cell: +91 981 153 6424
contact@cfpglobal.com
ajitkpanickercfp@cfpglobal.com
http://www. cfpglobal.com
October 2010
www.cfpglobal.com‐ Visit our company’s website. As
soon as you open this page in one of the new tabs or
new window………WELCOME !!!!!
Corporate Office: Telephone: +91 (0120) 4215660
D‐83, First Floor, Cell: +91‐98115 36424
Sector‐61, NOIDA‐201301 contact@cfpglobal.com
India. http://www. cfpglobal.com
CELEB FINANCIAL PLANNERS Global is a private limited company, which is responsible for
designing financial plans that will take the clients from where they are now to where they want
to be in the future, i.e. a plan that satisfies their needs and objectives.
• we analyze their needs and objectives
• Match these with appropriate products and services.
• Work out a financial plan
• Implement the plan
• Provide ongoing review to ensure the chosen investment strategies continue to match
his changing objectives
• Modify the investment solutions as required.
As we have the required technical and an intuitive skill sets which is enforced because of the theory behind investing, economics and strategies we have, we can create a practical plan for you.
We will be implementers, a make‐it‐ happen professionals. We give you recommendations and then educate and advise to take actions.
Every financial planning we do is supported by research and training
PRICING
There are two models for pricing for our engagement. You can choose either one Depending on the quantity and frequency of work you have.
They are:
•Project Based Model
•Retainer Model
The Project Based Model has a fixed scope and price, both of which are non‐negotiable once the contract is signed.
The Retainer Model allows you to get as much work done, by us, as you would like for a Fixed monthly fee. The scope of the project is limitless and we will be required to produce all kinds of requirements raised by the company’s consultants for providing a particular type of planning service or consulting.
Terms & Conditions
1. We charge according to the plans to be made.
2. The charges are categorized according to few parameters, which are the client profile category, the type of services availed (one or more of the seven types) or a comprehensive plan.
2. We charge for work on hourly rate also, depending on customer’s choice.
3. We take one time service charge which is for the financial plan we make for the first time and then renewal fees every year which will be a nominal percentage of the first time charge.
4. 50% of the fee is payable in advance – balance 50% is payable after completion of project. Final set of Base documents will be released only after clearance off initial invoice.
5. A total of 3 financial will be provided for shortlist – only one can be selected for future iterations. One out of the 3 financial plans needs to be selected.
6. Changes to any financial plan will be carried out without changing the core characteristic requirements of the clients.
7. Cancellation of project mid‐way through the financial planning process will warrant a 25% project fee as “Rejection Fee”.
8. If you wish to change the selected financial plan after approval has been taken, the project will be considered to have “restarted” and any further financial plan will be carried out upon payment off full project fee as per the prevalent prices at the time. The original advance will be retained as “Rejection Fee”.
9. All fees are non‐refundable.
10. Project deadlines are liable to change depending on frequency & efficiency of feedback from the client.
11. The Client will be provided with a singular point of contact for all communication. A dedicated senior consultant will be assigned for each client for regular relationships and communication.
12. All implementation will be carried out at CFP Global office premises. At no point will the operation’s team of CFP Global will travel to the client’s site.
13. All meetings for briefings, discussions, feedback will take place over phone, through email, or at the Client / vendor’s office premises.
The financial planning will include the following services in detailed analysis.
Consumption Planning
Savings Planning
Debt Planning
Insurance Planning
Investment Planning
Retirement Planning
Estate Planning
Income Tax Planning
The financial plan would broadly include the following in phases‐
First free consultation with individual fact sheet analysis.
The disclosure of financial services guide with all terms and conditions
Preliminary financial analysis and subsequent detailed input gathering from client.
Concerns – problem areas identification analysis.
Designing of the financial plan with recommendations
Implementation of the financial plan with projections for years ahead.
Review of the financial plan after regular periods.
VISION
“Our vision is to act as financial doctors to the clients by creating financial plans by consulting, enquiry, analysis, concern identification, recommending, implementing and reviewing regularly through the most efficient way to tax free cash, savings, investments, relaxed retirement years and most importantly to make the clients achieve financial independence and security. We aim to
achieve this goal by implementing the best practices and financial planning
tools which help clients make the best use of their wealth, whilst providing a confidential and safe home for all their financial needs. Put simply, our aim is to assist high net‐worth individuals and bodies to grow and enjoy their wealth. “
VISION CFP GLOBAL Consulting.
“To be a Global consulting Brand with total consulting solutions by creating
trust within the stakeholders, clientele and public in large”
HOW TO BECOME A CFP Global Client:
Becoming a client of Celeb Financial Planner Global is a simple but exciting process. We will conduct a completely free initial consultation to tailor our services ensuring we comfortably meet your expectations and provide you with the maximum benefits.
We will explain the importance of being fully independent, providing you with a full explanation of our costs and charges. We pride ourselves in ensuring all our clients are never rushed, nor feel pressurized into doing something they don’t want to or do not fully understand.
After all as a client, you are either going to be our best advert or our worst nightmare! Our aim is to ensure you are always happy, so we work very hard to ensure that your objectives are met.
The category profile we cater to is:
CRICKETERS with more than 100 lacs as net worth.
CINESTARS with more than 150 lacs as net worth.
BUSINESSMEN with more than 30 lacs as net worth.
High Networth Individuals with more than 10 lacs as net worth.
CONTACT US
Please feel free to contact us @
For general enquiry: contact@cfpglobal.com
For Marketing : marketingcfpg@cfpglobal.com
For consultancy : consultantcfpg@cfpglobal.com
For recommendation: recommendationcfpg@cfpglobal.com
For implementation: implementationcfpg@cfpglobal.com
For Review: reviewcfpg@cfpglobal.com
For billing: billingcfpg@cfpglobal.com
For Customer care: customercare@cfpglobal.com
For Human Resource and admin: hrcfpg@cfpglobal.com
For any unresolved query: ajitkpanicker@cfpglobal.com
Line of Businesses: “Financial consulting, Financial planning, Financial analysis, Business consulting, Business analysis, management consulting”
Thanks & Regards
Team Marketing @ CFP Global
www.cfpglobal.com, 0120‐4215660
D‐83, First Floor, Cell: +91‐98115 36424
Sector‐61, NOIDA‐201301 contact@cfpglobal.com
India. http://www. cfpglobal.com
Introduction Letter
Ajit Panicker
Chief Financial planner
Celeb Financial Planners Global
Telephone: +91 (120) 4215660
Cell: +91 981 153 6424
contact@cfpglobal.com
ajitkpanickercfp@cfpglobal.com
http://www. cfpglobal.com
October 2010
www.cfpglobal.com‐ Visit our company’s website. As
soon as you open this page in one of the new tabs or
new window………WELCOME !!!!!
Corporate Office: Telephone: +91 (0120) 4215660
D‐83, First Floor, Cell: +91‐98115 36424
Sector‐61, NOIDA‐201301 contact@cfpglobal.com
India. http://www. cfpglobal.com
CELEB FINANCIAL PLANNERS Global is a private limited company, which is responsible for
designing financial plans that will take the clients from where they are now to where they want
to be in the future, i.e. a plan that satisfies their needs and objectives.
• we analyze their needs and objectives
• Match these with appropriate products and services.
• Work out a financial plan
• Implement the plan
• Provide ongoing review to ensure the chosen investment strategies continue to match
his changing objectives
• Modify the investment solutions as required.
As we have the required technical and an intuitive skill sets which is enforced because of the theory behind investing, economics and strategies we have, we can create a practical plan for you.
We will be implementers, a make‐it‐ happen professionals. We give you recommendations and then educate and advise to take actions.
Every financial planning we do is supported by research and training
PRICING
There are two models for pricing for our engagement. You can choose either one Depending on the quantity and frequency of work you have.
They are:
•Project Based Model
•Retainer Model
The Project Based Model has a fixed scope and price, both of which are non‐negotiable once the contract is signed.
The Retainer Model allows you to get as much work done, by us, as you would like for a Fixed monthly fee. The scope of the project is limitless and we will be required to produce all kinds of requirements raised by the company’s consultants for providing a particular type of planning service or consulting.
Terms & Conditions
1. We charge according to the plans to be made.
2. The charges are categorized according to few parameters, which are the client profile category, the type of services availed (one or more of the seven types) or a comprehensive plan.
2. We charge for work on hourly rate also, depending on customer’s choice.
3. We take one time service charge which is for the financial plan we make for the first time and then renewal fees every year which will be a nominal percentage of the first time charge.
4. 50% of the fee is payable in advance – balance 50% is payable after completion of project. Final set of Base documents will be released only after clearance off initial invoice.
5. A total of 3 financial will be provided for shortlist – only one can be selected for future iterations. One out of the 3 financial plans needs to be selected.
6. Changes to any financial plan will be carried out without changing the core characteristic requirements of the clients.
7. Cancellation of project mid‐way through the financial planning process will warrant a 25% project fee as “Rejection Fee”.
8. If you wish to change the selected financial plan after approval has been taken, the project will be considered to have “restarted” and any further financial plan will be carried out upon payment off full project fee as per the prevalent prices at the time. The original advance will be retained as “Rejection Fee”.
9. All fees are non‐refundable.
10. Project deadlines are liable to change depending on frequency & efficiency of feedback from the client.
11. The Client will be provided with a singular point of contact for all communication. A dedicated senior consultant will be assigned for each client for regular relationships and communication.
12. All implementation will be carried out at CFP Global office premises. At no point will the operation’s team of CFP Global will travel to the client’s site.
13. All meetings for briefings, discussions, feedback will take place over phone, through email, or at the Client / vendor’s office premises.
The financial planning will include the following services in detailed analysis.
Consumption Planning
Savings Planning
Debt Planning
Insurance Planning
Investment Planning
Retirement Planning
Estate Planning
Income Tax Planning
The financial plan would broadly include the following in phases‐
First free consultation with individual fact sheet analysis.
The disclosure of financial services guide with all terms and conditions
Preliminary financial analysis and subsequent detailed input gathering from client.
Concerns – problem areas identification analysis.
Designing of the financial plan with recommendations
Implementation of the financial plan with projections for years ahead.
Review of the financial plan after regular periods.
VISION
“Our vision is to act as financial doctors to the clients by creating financial plans by consulting, enquiry, analysis, concern identification, recommending, implementing and reviewing regularly through the most efficient way to tax free cash, savings, investments, relaxed retirement years and most importantly to make the clients achieve financial independence and security. We aim to
achieve this goal by implementing the best practices and financial planning
tools which help clients make the best use of their wealth, whilst providing a confidential and safe home for all their financial needs. Put simply, our aim is to assist high net‐worth individuals and bodies to grow and enjoy their wealth. “
VISION CFP GLOBAL Consulting.
“To be a Global consulting Brand with total consulting solutions by creating
trust within the stakeholders, clientele and public in large”
HOW TO BECOME A CFP Global Client:
Becoming a client of Celeb Financial Planner Global is a simple but exciting process. We will conduct a completely free initial consultation to tailor our services ensuring we comfortably meet your expectations and provide you with the maximum benefits.
We will explain the importance of being fully independent, providing you with a full explanation of our costs and charges. We pride ourselves in ensuring all our clients are never rushed, nor feel pressurized into doing something they don’t want to or do not fully understand.
After all as a client, you are either going to be our best advert or our worst nightmare! Our aim is to ensure you are always happy, so we work very hard to ensure that your objectives are met.
The category profile we cater to is:
CRICKETERS with more than 100 lacs as net worth.
CINESTARS with more than 150 lacs as net worth.
BUSINESSMEN with more than 30 lacs as net worth.
High Networth Individuals with more than 10 lacs as net worth.
CONTACT US
Please feel free to contact us @
For general enquiry: contact@cfpglobal.com
For Marketing : marketingcfpg@cfpglobal.com
For consultancy : consultantcfpg@cfpglobal.com
For recommendation: recommendationcfpg@cfpglobal.com
For implementation: implementationcfpg@cfpglobal.com
For Review: reviewcfpg@cfpglobal.com
For billing: billingcfpg@cfpglobal.com
For Customer care: customercare@cfpglobal.com
For Human Resource and admin: hrcfpg@cfpglobal.com
For any unresolved query: ajitkpanicker@cfpglobal.com
Line of Businesses: “Financial consulting, Financial planning, Financial analysis, Business consulting, Business analysis, management consulting”
Thanks & Regards
Team Marketing @ CFP Global
www.cfpglobal.com, 0120‐4215660
VIRAL Marketing by CELEB FINANCIAL PLANNERS Global
CFP Global Announcement:
This is to announce that CELEB FINANCIAL PLANNERS Global from today is starting viral marketing, via which we would be reaching out to atleast 1 bn people, start sending our company's introduction letter to atleast 27 email id's with cc to contact@cfpglobal.com, and get your Name pasted on the next blog through which you may reach out to your Dream Company and dream role or profile.
So i repeat, 27 minimum e-mail id's on which the attached introduction letter of CELEB FINANCIAL PLANNERS Global should be send. Company's introduction letter is being send on facebook, linkedin and twitter.
Marketing Team
CFP Global
This is to announce that CELEB FINANCIAL PLANNERS Global from today is starting viral marketing, via which we would be reaching out to atleast 1 bn people, start sending our company's introduction letter to atleast 27 email id's with cc to contact@cfpglobal.com, and get your Name pasted on the next blog through which you may reach out to your Dream Company and dream role or profile.
So i repeat, 27 minimum e-mail id's on which the attached introduction letter of CELEB FINANCIAL PLANNERS Global should be send. Company's introduction letter is being send on facebook, linkedin and twitter.
Marketing Team
CFP Global
Coming together of CELEB FINANCIAL PLANNERS Global & EARTH INFRASTRUCTURES LTD.
CELEB FINANCIAL PLANNERS Global & EARTH INFRASTRUCTURES Ltd has come together , for making clients aware of best commercial and residential properties in and around Delhi-NCR.
As by now all internet users reading blogs of celeb financial planners global, have come to know about our company, as a brief background about Earth infrastructures ltd, which is itself a big brand in real estate development and is known worldwide.
Mesimirization of both these companies will bring immense synergy in the real estate business, and already a lot professionalized sector of real estate would become a lot more professional.
The project which will be available for booking would be Earth Sapphire court.
So friends and well wishers come along with us for the best of properties with world class amenities and infrastructure, even the sample space is ready.
Please call for any type of booking to
+919811536424 or email to
marketingcfpg@cfpglobal.com
www.cfpglobal.com
As by now all internet users reading blogs of celeb financial planners global, have come to know about our company, as a brief background about Earth infrastructures ltd, which is itself a big brand in real estate development and is known worldwide.
Mesimirization of both these companies will bring immense synergy in the real estate business, and already a lot professionalized sector of real estate would become a lot more professional.
The project which will be available for booking would be Earth Sapphire court.
So friends and well wishers come along with us for the best of properties with world class amenities and infrastructure, even the sample space is ready.
Please call for any type of booking to
+919811536424 or email to
marketingcfpg@cfpglobal.com
www.cfpglobal.com
CELEB FINANCIAL PLANNERS completes 100 blogs today
CELEB FINANCIAL PLANNERS Global has complted 100 Blogs today.
Congratulations to all in the team and thanks to all well wishers.
Congratulations to all in the team and thanks to all well wishers.
Wednesday, October 20, 2010
CFP Global Announcement- shortlisting of EVENT Management companies going on
CFP Global Announcement:
The Team @ CFP Global , is in the process of shortlisting EVENT management companies across the country, who take care of brand endorsements of celebrities and proposals for the same would close on 24th october 2010, just four days from today.
We have received some overwhelming response from the industry and out of 36 entries received we have just shortlisted 3, and we need to shortlist just 6 more, so hurry up, this opportunity may or may not come again.
please send your entry proposals to marketingcfpg@cfpglobal.com with cc to ajitkpanicker@cfpglobal.com
TRAFFIC in DELHI- NCR, MODEL IN CHANDIGARH
CFP Global:
20.10.2010
During my two years stay in chandigarh, if someone asks me about the best thing Chandigarh has, i would say it's TRAFFIC Model, and always alert traffic policemen, who do not negotiate on any terms and the accused is charged with the challan.
The same model , if optimized in Delhi -NCR would do great wonders, and we could proudly say, apart from excellent DTC services, Delhi Metro and easily available auto and taxi services, we also have the best in class TRAFFIC MODEL, which should become an example for other cities worldwide, not only in india.
Just a small observation..may be it works out some day..but my hope says in next 1 year.
Lets all delhiites, say in CHORUS " A better Delhi, A better India , A better world"
20.10.2010
During my two years stay in chandigarh, if someone asks me about the best thing Chandigarh has, i would say it's TRAFFIC Model, and always alert traffic policemen, who do not negotiate on any terms and the accused is charged with the challan.
The same model , if optimized in Delhi -NCR would do great wonders, and we could proudly say, apart from excellent DTC services, Delhi Metro and easily available auto and taxi services, we also have the best in class TRAFFIC MODEL, which should become an example for other cities worldwide, not only in india.
Just a small observation..may be it works out some day..but my hope says in next 1 year.
Lets all delhiites, say in CHORUS " A better Delhi, A better India , A better world"
HOW DO INFLATION AND RECESSION CORRELATE?
How Do Inflation And Recession Correlate?
Check this Chart to find out
Current Commentary-
Does high inflation correspond with a recession? Or does high inflation precede a recession?
The chart below shows the historical average Annual Inflation rate (red line) compared to the time periods where the country was in recession (blue shaded areas).
Since 1914 there have been eight recessions. Three lasted for a single year, (in 1953, 1957 and again in 1990). The longest recession was actually the "Great Depression" which lasted ten years from 1929 to 1939.
Before looking at this chart of the relationship between Inflation and recession you might think that as inflation rises costs would be getting higher and so people would be unable to afford goods and the economy would fall into recession.
And that is exactly what happened during the 1973 Oil crisis. This resulted in a recession which lasted two years from 1973 through 1975. Basically, as OPEC drastically raised oil prices it put a drain on the economy which resulted in an inflationary recession.
But this is not the norm. Looking at the post World War 1 recession from 1918 - 1921 we see a sharp drop in inflation from +20% to -10% during the three year recession.
The great depression is synonymous with deflation (or falling prices) during the first half prices fell 10% a year by the end prices were rising in the 2-3% a year range but then in 1938 prices lost 2-3% again.
During the 1953 recession prices were falling very slightly with inflation moving from slightly above 0% to slightly below.
The 1957 recession saw slightly declining inflation rates but the inflation rate didn't turn into actual falling prices. All that happened was that the rate of inflation fell slightly from around 3% to around 2%.
In the 1980 - 1982 recession inflation fell very sharply from around 13% to under 4%.
And in the 1990 - 1991 recession inflation fell about 2 points from just above 5%. And finally in the 2001 - 2003 recession inflation was relatively flat hovering around 3%.
So based on these time periods most recessions saw falling (or negative) inflation rates. But does that mean that falling prices cause recessions.
No not at all.
Generally, stable or gradually decreasing prices are good for the economy but other than the "Great Depression" what we see are high inflation rates prior to the recession which are "wrung" out of the economy by a recession.
We see this prior to 1918 when inflation rates were 20% and in 1980 they were over 13%. So how do we explain the other examples that weren't so high?
The "Great Depression" was actually an example of fiscal mismanagement as the government clamped down on the money supply too tightly in an attempt at fiscal responsibility.
The 1953 recession was once again caused by the government clamping down on the money supply in an effort to wring the almost 6% inflation out of the economy. Unfortunately they over did it a bit which resulted in the one year recession.
Monetary policy was tightened during the two years preceding 1957, followed by an easing of policy at the end of 1957.
The 1980 recession was closely related to the 1973 Oil embargo recession because the Iranian Revolution sharply increased the price of oil around the world in 1979, causing the 1979 energy crisis. This sucked capital out of the system causing both recessions.
On "Black Monday" of October 1987 a stock collapse lopped 22.6 percent off the Dow Jones Industrial Average. The collapse which was larger than that of 1929, drastically decreased the money supply and although the economy quickly began to recover it was hit by the one-two punch of the savings and loans collapse which sent the economy into a tailspin.
So this was once again a result of a collapse of liquidity in the system.
The 2001 - 2003 recession was similarly caused by a contraction of liquidity after a stock market bubble this time the result of excess liquidity created by the FED flowing into the new "DotCom" stocks. When this bubble burst it drastically reduced liquidity once again sending the economy into a tailspin.
But actually recessions although painful serve a useful purpose by wringing out excess liquidity out of the system and returning the economy to a more stable footing.
The key of course for individuals is to not get caught up in the excesses that precede the recession so they can weather the storm once it arrives.
So does high inflation cause a recession? In a way yes, but it precedes the recession. Usually, high inflation corresponds with liquidity creation and a booming economy. But after a while the party balloon can get no bigger and it eventually bursts. Liquidity contracts, inflation falls and the economy contracts into a recession.
contributed by inflationdata.com
Tuesday, October 19, 2010
TERM INSURANCE- A NECESSITY
CFP Global :
New Delhi: 20-10-2010
After all the changes which has been brought by IRDA , an apex organization and a regulatory body for all kinds of insurance, since sep 1, there has been an dramatic downfall in the business of insurance which was being sourced by the agents.
The problem persists because agents are still trying to sell ULIP products when the changes which has been brought is actually benefitting more to the customers than the agents.
A middle solution for the above scenario can be that agent start selling Term insurance more than ULIPS, because even till date out of indian population of 110 cr only about 14% are insured, so statistically and economically there is huge scope of insurance business in india and at the same time , every customer can have a huge insurance cover , by paying a miniscule premium every year as compared to an insurance cover which is given in ulip products.
So it is a win win situation for clients and the agents at the same time.
New Delhi: 20-10-2010
After all the changes which has been brought by IRDA , an apex organization and a regulatory body for all kinds of insurance, since sep 1, there has been an dramatic downfall in the business of insurance which was being sourced by the agents.
The problem persists because agents are still trying to sell ULIP products when the changes which has been brought is actually benefitting more to the customers than the agents.
A middle solution for the above scenario can be that agent start selling Term insurance more than ULIPS, because even till date out of indian population of 110 cr only about 14% are insured, so statistically and economically there is huge scope of insurance business in india and at the same time , every customer can have a huge insurance cover , by paying a miniscule premium every year as compared to an insurance cover which is given in ulip products.
So it is a win win situation for clients and the agents at the same time.
Monday, October 18, 2010
Reliance Group- Intrepetation by CELEB FINANCIAL PLANNERS Global
CELEB FINANCIAL PLANNERS Global
Intrepretation: This is one company which whenever started a business or took over a business by joint venture or complete acquisition, has always done justice to it.
The industries are varied and as far as my reserach says that more than 96 companies which the reliance group owns is doing good to the society ,biggest being providing employment to masses, actually fulfilling its social responsibility in this way.
They are really futuristic, and see growth in places where others only see problems, and hence aquuire or start in a new industries, in a way that the second competition in line is left far behind.
Vision of our respected Late Mr. Dhirubhai Ambani " karlo duniya mutheen mein" is being well served by Mr. Mukesh ambani, a czar in himself and Mr. Anil Ambani, an inspiration by his way of approaching problems and creating solutions.
The two opportunities which has not yet taken flight are The RETAIL and Reliance Petrol pumps, because of many economic, social and macro economic factors, but my intuition and positivity says sooner or later, they in themselves will be huge businesses for RELIANCE Group.
Intrepretation: This is one company which whenever started a business or took over a business by joint venture or complete acquisition, has always done justice to it.
The industries are varied and as far as my reserach says that more than 96 companies which the reliance group owns is doing good to the society ,biggest being providing employment to masses, actually fulfilling its social responsibility in this way.
They are really futuristic, and see growth in places where others only see problems, and hence aquuire or start in a new industries, in a way that the second competition in line is left far behind.
Vision of our respected Late Mr. Dhirubhai Ambani " karlo duniya mutheen mein" is being well served by Mr. Mukesh ambani, a czar in himself and Mr. Anil Ambani, an inspiration by his way of approaching problems and creating solutions.
The two opportunities which has not yet taken flight are The RETAIL and Reliance Petrol pumps, because of many economic, social and macro economic factors, but my intuition and positivity says sooner or later, they in themselves will be huge businesses for RELIANCE Group.
Sunday, October 17, 2010
CELEB FINANCIAL PLANNERS Global LOOKING FOR NINE PANEL TEAM
CFP Global News:
CELEB FINANCIAL PLANNERS Global is looking out for an nine panel team who are self employed and do consulting in the following arenas, mentioned below:
CONSUMPTION Planning: EX-Bankers or bankers who are self employed, Financial planners
SAVINGS Planning: EX- Bankers or bankers who are self employed, financial planners
DEBT Planning: Bankers of ASSET department or division , Financial planners
INSURANCE PLANNING: Insurance managers/ advisors/ agents/ consultants
INVESTMENT Planning: AMC's managers/ stock brokers/ mutual fund agents
RETIREMENT Planning: Insurance and stock 's experts
ESTATE Planning: Real estate developers/ real estate agents/ Real estate lawyers
TAX Planning: Tax advocates/ bankers/ insurance / mutual funds/ stock Experts
Financial planners who are CERTIFIED FINANCIAL PLANNERS, through FPSB Board India, can apply in all positions. One good institute is IIFP( Indian Institute of Financial Planing, on Barakhamba road.
For detailed query and doubts, please visit the company's webiste http://www.cfpglobal.com/, and mail your proposals to marketingcfpg@cfpglobal.com, and resumes of all individuals/ directors or partners of PVT. ltd companies with the past work credentials to hrcfpg@cfpglobal.com
CELEB FINANCIAL PLANNERS Global is looking out for an nine panel team who are self employed and do consulting in the following arenas, mentioned below:
CONSUMPTION Planning: EX-Bankers or bankers who are self employed, Financial planners
SAVINGS Planning: EX- Bankers or bankers who are self employed, financial planners
DEBT Planning: Bankers of ASSET department or division , Financial planners
INSURANCE PLANNING: Insurance managers/ advisors/ agents/ consultants
INVESTMENT Planning: AMC's managers/ stock brokers/ mutual fund agents
RETIREMENT Planning: Insurance and stock 's experts
ESTATE Planning: Real estate developers/ real estate agents/ Real estate lawyers
TAX Planning: Tax advocates/ bankers/ insurance / mutual funds/ stock Experts
Financial planners who are CERTIFIED FINANCIAL PLANNERS, through FPSB Board India, can apply in all positions. One good institute is IIFP( Indian Institute of Financial Planing, on Barakhamba road.
For detailed query and doubts, please visit the company's webiste http://www.cfpglobal.com/, and mail your proposals to marketingcfpg@cfpglobal.com, and resumes of all individuals/ directors or partners of PVT. ltd companies with the past work credentials to hrcfpg@cfpglobal.com
SUCCESSION PLANNING, INDIAN DEMOCRACY AND SOCIAL RESPONSIBILITY
CELEB FINANCIAL PLANNERS Global
18 oct
After independence and big corporates before independence had one good trust to start anything and everything as an entrepreneur, to uplift the indian society and become part of growth story on indian progress.
Somehow , somewhere that has been lost due to personal belongingness becoming a first priority, but now i feel the time has come that all big , medium and small sized companies and firms to become part of the next level of progress to make india "The No.1 Developed economy", and trading be exchanged on Rupee with a new sign designed by Mr Uday Kumar, and not US dollar.
The size of the company doing good back to the society, does not become the parameter to be the biggest company on the "corporate social responsibility platform", even a company earning 1 lac can be the best company with the social responsibility ethics.
Now coming onto the succssion planning of any company to the next generation, what i feel , the succession should not be family based biased decision, rather it should be completely open for all the employees , and it should be completely based on Merits and talent, no other criteria, with a history or experience of life to back the selection to be the Head of any company.
Lets start feeling the country is not by only the politicians or bureaucrats, it is asaid by Abraham lincoln, "of the people, by the people, for the people,"
18 oct
After independence and big corporates before independence had one good trust to start anything and everything as an entrepreneur, to uplift the indian society and become part of growth story on indian progress.
Somehow , somewhere that has been lost due to personal belongingness becoming a first priority, but now i feel the time has come that all big , medium and small sized companies and firms to become part of the next level of progress to make india "The No.1 Developed economy", and trading be exchanged on Rupee with a new sign designed by Mr Uday Kumar, and not US dollar.
The size of the company doing good back to the society, does not become the parameter to be the biggest company on the "corporate social responsibility platform", even a company earning 1 lac can be the best company with the social responsibility ethics.
Now coming onto the succssion planning of any company to the next generation, what i feel , the succession should not be family based biased decision, rather it should be completely open for all the employees , and it should be completely based on Merits and talent, no other criteria, with a history or experience of life to back the selection to be the Head of any company.
Lets start feeling the country is not by only the politicians or bureaucrats, it is asaid by Abraham lincoln, "of the people, by the people, for the people,"
INVITATION TO REAL ESTATE DEVELOPERS AND BUILDERS
CFP Global News
An invitation to all real estate developers and builders is being floated for collaboration with CELEB FINANCIAL PLANNERS Global, a Financial Planning company with financial consulting and management consulting as the lines of bussinesses.
The invitation is for a conference on Real estate realities, marketing and new age methodology to increase sales of flats even in places which are remotely located.
The conference is limited to only those Real estate developers and builders who send their proposals by 30th oct 2010, so that the top 15 developers can be shortlisted and then can be invited for a conference with the objective mentioned above.
For collaboration send your proposals to marketingcfpg@cfpglobal.com. with cc to ajitkpanicker@cfpglobal.com.
To know more about the company please visit http://www.cfpglobal.com/
An invitation to all real estate developers and builders is being floated for collaboration with CELEB FINANCIAL PLANNERS Global, a Financial Planning company with financial consulting and management consulting as the lines of bussinesses.
The invitation is for a conference on Real estate realities, marketing and new age methodology to increase sales of flats even in places which are remotely located.
The conference is limited to only those Real estate developers and builders who send their proposals by 30th oct 2010, so that the top 15 developers can be shortlisted and then can be invited for a conference with the objective mentioned above.
For collaboration send your proposals to marketingcfpg@cfpglobal.com. with cc to ajitkpanicker@cfpglobal.com.
To know more about the company please visit http://www.cfpglobal.com/
OPEN INVITATION TO EVENT MANAGEMENT COMPANIES FOR COLLABORATION
CFP Global News:
OPEN INVITATION TO EVENT MANAGEMENT COMPANIES MANAGING THE BRAND ENDORSEMENTS OF CELEBRITIES IN INDIA AND ABROAD FOR BUSINESS TIE-UPS
As mentioned above we are going to organize a conference where all major event management companies have open invitation to partcipate subject to the same has been informed and confirmed from CFP Global before 24th october 2010, as by then then the entries would be closed.
Once the entries have been shortlisted, concerned P.R.O of that event company would be confirmed for the conference , only top 20 event management companies would be able to participate in the same.
The objective for the conference would be intimated to only the top 20 who will be shortlisted by our expert panel.
All even management companies are requested to put their proposals to our company's email id,
marketingcfpg@cfpglobal.com, with cc to ajitkpanicker@cfpglobal.com
For detailed know-how and credentials of the company visit http://www.cfpglobal.com/
Thanks
OPEN INVITATION TO EVENT MANAGEMENT COMPANIES MANAGING THE BRAND ENDORSEMENTS OF CELEBRITIES IN INDIA AND ABROAD FOR BUSINESS TIE-UPS
As mentioned above we are going to organize a conference where all major event management companies have open invitation to partcipate subject to the same has been informed and confirmed from CFP Global before 24th october 2010, as by then then the entries would be closed.
Once the entries have been shortlisted, concerned P.R.O of that event company would be confirmed for the conference , only top 20 event management companies would be able to participate in the same.
The objective for the conference would be intimated to only the top 20 who will be shortlisted by our expert panel.
All even management companies are requested to put their proposals to our company's email id,
marketingcfpg@cfpglobal.com, with cc to ajitkpanicker@cfpglobal.com
For detailed know-how and credentials of the company visit http://www.cfpglobal.com/
Thanks
LEVEL 1 TELEPHONIC ROUND FOR CELEB FINANCIAL PLANNERS Global between 18th oct to 30th oct 2010
CFP Global NEWS:
Careers:
Level 1 telephonic round for celeb financial planners for all the profiles restarts from tomorrow , 18th oct 2010 to 30 oct 2010. Only candidates who update their resumes on the company's HR email id , would be called for the 1st round.
Level 1 results of all who have appeared in the first round telephonic conducted by Mrs Raksha aand Mr Yogendra, would be displayed through this blog on facebook, linkedin, and twitter., apart from being send an individual e-mail confirmation on the same.
Level 2 Round ,for all who have cleared the first round would also commence tomorrow itself.
So please keep tracking the blogs and social networking sites where CELEB FINANCIAL PLANNERS Global operates.
To confirm all the 6 Levels of interview , please update with the below mentioned information
INTERVIEWS @ CELEB FINANCIAL PLANNERS Global
OFF CAMPUS INTERVIEWS:
VENUE: 1st Floor, 7 Arjun Nagar, Kotla MubarakPur, Bhishmapitama Marg, opp Defence Colony, New Delhi -1100003 ( from LEVEL 3 to LEVEL 6)
Time: 11:30 HRS to 15:00 HRS SATURDAY
11:30 HRS to 20:00 HRS MONDAY to FRIDAY
INTERVIEWS will continue from today 18-10-2010 till 30-10-2010
LEVELS:
Level 1: SCREENING
Level 2: Summer Internship/ Projects/ Certification
Level 3: Case Study
Level 4: Psycho- Analysis
Level 5:Human and Organizational Behaviour
Level 6:Board of Interview
Positions: FINANCIAL PLANNERS, FINANCIAL ANALYSTS, BUSINESS ANALYSTS, BUSINESS CONSULTANTS, RESEARCH ANALYSTS, ADMINSTRATION Executives, HUMAN RESOURCE Executives, OPERATIONS Executives, IT associates
Careers:
Level 1 telephonic round for celeb financial planners for all the profiles restarts from tomorrow , 18th oct 2010 to 30 oct 2010. Only candidates who update their resumes on the company's HR email id , would be called for the 1st round.
Level 1 results of all who have appeared in the first round telephonic conducted by Mrs Raksha aand Mr Yogendra, would be displayed through this blog on facebook, linkedin, and twitter., apart from being send an individual e-mail confirmation on the same.
Level 2 Round ,for all who have cleared the first round would also commence tomorrow itself.
So please keep tracking the blogs and social networking sites where CELEB FINANCIAL PLANNERS Global operates.
To confirm all the 6 Levels of interview , please update with the below mentioned information
INTERVIEWS @ CELEB FINANCIAL PLANNERS Global
OFF CAMPUS INTERVIEWS:
VENUE: 1st Floor, 7 Arjun Nagar, Kotla MubarakPur, Bhishmapitama Marg, opp Defence Colony, New Delhi -1100003 ( from LEVEL 3 to LEVEL 6)
Time: 11:30 HRS to 15:00 HRS SATURDAY
11:30 HRS to 20:00 HRS MONDAY to FRIDAY
INTERVIEWS will continue from today 18-10-2010 till 30-10-2010
LEVELS:
Level 1: SCREENING
Level 2: Summer Internship/ Projects/ Certification
Level 3: Case Study
Level 4: Psycho- Analysis
Level 5:Human and Organizational Behaviour
Level 6:Board of Interview
Positions: FINANCIAL PLANNERS, FINANCIAL ANALYSTS, BUSINESS ANALYSTS, BUSINESS CONSULTANTS, RESEARCH ANALYSTS, ADMINSTRATION Executives, HUMAN RESOURCE Executives, OPERATIONS Executives, IT associates
Friday, October 15, 2010
5 Oct, 2010, 06.23AM IST, Reena Zacharia & Shaji Vikraman,ET Bureau ,Fund houses' profit climbs 3 times in entry load-free year
MUMBAI: The asset management business in India is not as unprofitable as the mutual fund industry has sought to project, with fund houses nearly tripling their profits in fiscal 2010 - a year in which fund flows were impacted after distributors stopped selling some schemes.
Total earnings of the 41 fund houses in India rose 284% to a record high of Rs 935.6 crore in the fiscal year ended March 2010, according to data from the Securities & Exchange Board of India (SEBI). Indian fund houses managed to boost their earnings by focusing more on a good mix of equity and debt assets and limiting costs, in a period that was marked by major regulatory changes. The securities market regulator had, last year, eliminated some marketing practices, including a ban on entry load which it believed was inimical to investor interest. In some cases, the regulatory hurdle on commissions has turned out to be a boon, as it brought down costs.
In fiscal 2009, Indian asset management companies reported a profit of Rs 243.5 crore. The list of the most-profitable fund houses was led by Reliance Asset Management Company , followed by HDFC AMC, UTI AMC, ICICI Prudential AMC and Birla Sunlife AMC in that order.
"Profitability improvement is on asset mix change, fixed income volume and the focus on cost," says A Balasubramanian, CEO, Birla Sunlife Asset Management . "Increased volume on the fixed income side combined with every basis point improvement will increase the absolute profit."
The data prove that the profits of mutual funds have not been impacted by the regulator's ban on entry loads as claimed by some. SEBI, last August, banned such loads on the argument that they are quite high and erodes investor returns.
Moreover, it believes that the cost structure does not justify such loads as flows into some schemes that were doling out high commission to distributors have slowed, leading to a chorus that it is hurting the industry. Asset management firms need to have a right proportion of fixed income and equity assets and should not be over dependent on one segment for their profits if global data is any indication, says Harshendu Bindal, president, Franklin Templeton Investments (India) which manages Rs 40,000 crore.
"This reflects in our asset mix that is largely focused towards long-term assets on the equity and fixed income side," says Mr Bindal. "While trying to maintain competitive distribution fees, we also consider product profitability as a key element." But this does not mean that all mutual funds are earning profits. Nearly 85% of the industry profits are accounted for by the top-10 players, the SEBI data show. Though many fund houses are still bleeding, their sponsors, including some of the biggest names in the global fund management business, have not wound up operations since India is one of the fastest-growing markets.
India's 8.5% economic growth, which is the second-highest among major developing nations behind China, is expected to throw up many millionaires, according to a recent Capgemini-Bank of America Merrill Lynch report.
The past year's profitability may not continue if the assets don't increase at a fast clip. "There will be a loss of revenue," says Sundeep Sikka, CEO, Reliance Mutual Fund . "However, this will be compensated, only if the assets under management increase."
According to Mr Balasubramanian, from the perspective of a fund house , each basis point is important to maintain and improve profitability. "Increased volume on the fixed income side combined with every basis point improvement will increase the absolute profit," he says.
Harshendu Bindal, on the other hand, is of the view that the regulatory changes carried out by SEBI are in line with the global trend of increased efforts to enhance investor focus and, like in many markets, could lead to lower margins in India as well.
Total earnings of the 41 fund houses in India rose 284% to a record high of Rs 935.6 crore in the fiscal year ended March 2010, according to data from the Securities & Exchange Board of India (SEBI). Indian fund houses managed to boost their earnings by focusing more on a good mix of equity and debt assets and limiting costs, in a period that was marked by major regulatory changes. The securities market regulator had, last year, eliminated some marketing practices, including a ban on entry load which it believed was inimical to investor interest. In some cases, the regulatory hurdle on commissions has turned out to be a boon, as it brought down costs.
In fiscal 2009, Indian asset management companies reported a profit of Rs 243.5 crore. The list of the most-profitable fund houses was led by Reliance Asset Management Company , followed by HDFC AMC, UTI AMC, ICICI Prudential AMC and Birla Sunlife AMC in that order.
"Profitability improvement is on asset mix change, fixed income volume and the focus on cost," says A Balasubramanian, CEO, Birla Sunlife Asset Management . "Increased volume on the fixed income side combined with every basis point improvement will increase the absolute profit."
The data prove that the profits of mutual funds have not been impacted by the regulator's ban on entry loads as claimed by some. SEBI, last August, banned such loads on the argument that they are quite high and erodes investor returns.
Moreover, it believes that the cost structure does not justify such loads as flows into some schemes that were doling out high commission to distributors have slowed, leading to a chorus that it is hurting the industry. Asset management firms need to have a right proportion of fixed income and equity assets and should not be over dependent on one segment for their profits if global data is any indication, says Harshendu Bindal, president, Franklin Templeton Investments (India) which manages Rs 40,000 crore.
"This reflects in our asset mix that is largely focused towards long-term assets on the equity and fixed income side," says Mr Bindal. "While trying to maintain competitive distribution fees, we also consider product profitability as a key element." But this does not mean that all mutual funds are earning profits. Nearly 85% of the industry profits are accounted for by the top-10 players, the SEBI data show. Though many fund houses are still bleeding, their sponsors, including some of the biggest names in the global fund management business, have not wound up operations since India is one of the fastest-growing markets.
India's 8.5% economic growth, which is the second-highest among major developing nations behind China, is expected to throw up many millionaires, according to a recent Capgemini-Bank of America Merrill Lynch report.
The past year's profitability may not continue if the assets don't increase at a fast clip. "There will be a loss of revenue," says Sundeep Sikka, CEO, Reliance Mutual Fund . "However, this will be compensated, only if the assets under management increase."
According to Mr Balasubramanian, from the perspective of a fund house , each basis point is important to maintain and improve profitability. "Increased volume on the fixed income side combined with every basis point improvement will increase the absolute profit," he says.
Harshendu Bindal, on the other hand, is of the view that the regulatory changes carried out by SEBI are in line with the global trend of increased efforts to enhance investor focus and, like in many markets, could lead to lower margins in India as well.
LIC set to hire transgenders as agents
CHENNAI: In the first initiative of its kind in the country, transgenders will soon be working as agents for the Life Insurance Corporation (LIC).
This progressive move was an attempt to integrate them into the social mainstream , said R Vasuki, state director of social welfare. "We're trying to ensure that transgenders don't resort to begging and extortion to make ends meet," said Vasuki. The programme will soon be expanded to other districts of Tamil Nadu.
B Preethi (23), a transgender, said, "We've no means of employment. And contrary to what people think, we do not like begging. We want people to trust us and help us lead normal lives." Responding to this, Vasuki said, "Such people deserve our respect. This is possible only if transgenders are given salaried jobs."
Thirty transgenders will undergo training for a week, after which a test will be conducted before they become LIC agents . "Certain qualifications are necessary. In urban areas, we're employing those who have passed class XII and in rural areas we'll employ class X pass," said A Udayakumar, development officer at a LIC branch here.
"This will hopefully stop the violence, abuse and insults that we constantly suffer," said P Tanisha, another transgender.
S M Jayalalitha, head of the Thiruvallur group of transgenders, said employment would help erase the stigma associated with them. "Since most transgenders have many contacts among shopkeepers and policemen, it will help them sell insurance policies," she said.
Reshma Sharma, an advocate who runs an NGO to help transgenders get employment, said, "I've been working to integrate them into society for long, but it is good to see the government take steps too."
"Thanks to Reshma's efforts, I am now employed at HCL as a security guard. I hope others like me, also benefit from this scheme," said M Venilla, a transgender who works at the Greames Road office.
R Vasuki, state director of social welfare, said self-help groups for transgenders, modelled along those meant for women, were functional in some districts. Loans were being given to them to make a respectable living. "We hope this awareness will help parents of transgenders accept them as they are. Instead of living in independent groups, they should live at home and lead normal lives. We're doing our best to achieve this. The collaboration with LIC is our first step," she said.
This progressive move was an attempt to integrate them into the social mainstream , said R Vasuki, state director of social welfare. "We're trying to ensure that transgenders don't resort to begging and extortion to make ends meet," said Vasuki. The programme will soon be expanded to other districts of Tamil Nadu.
B Preethi (23), a transgender, said, "We've no means of employment. And contrary to what people think, we do not like begging. We want people to trust us and help us lead normal lives." Responding to this, Vasuki said, "Such people deserve our respect. This is possible only if transgenders are given salaried jobs."
Thirty transgenders will undergo training for a week, after which a test will be conducted before they become LIC agents . "Certain qualifications are necessary. In urban areas, we're employing those who have passed class XII and in rural areas we'll employ class X pass," said A Udayakumar, development officer at a LIC branch here.
"This will hopefully stop the violence, abuse and insults that we constantly suffer," said P Tanisha, another transgender.
S M Jayalalitha, head of the Thiruvallur group of transgenders, said employment would help erase the stigma associated with them. "Since most transgenders have many contacts among shopkeepers and policemen, it will help them sell insurance policies," she said.
Reshma Sharma, an advocate who runs an NGO to help transgenders get employment, said, "I've been working to integrate them into society for long, but it is good to see the government take steps too."
"Thanks to Reshma's efforts, I am now employed at HCL as a security guard. I hope others like me, also benefit from this scheme," said M Venilla, a transgender who works at the Greames Road office.
R Vasuki, state director of social welfare, said self-help groups for transgenders, modelled along those meant for women, were functional in some districts. Loans were being given to them to make a respectable living. "We hope this awareness will help parents of transgenders accept them as they are. Instead of living in independent groups, they should live at home and lead normal lives. We're doing our best to achieve this. The collaboration with LIC is our first step," she said.
PSU insurance staffers get 18% pay hike
NEW DELHI: There’s festive cheer for about two lakh employees of the public sector insurance companies with the finance ministry approving a 17-18 % salary increase.
“We have approved the wage revision,” said a finance ministry official and added that it is similar to the one approved recently for public sector banks.
The wage revision comes close on the heels of the central government employees getting a 10% rise in dearness allowance , and is sure to give some boost to the already robust consumer durable sales.
The wage increase would be effective from August, 2007, which means that employees would also be receiving substantial arrears just ahead of the festival season . Employee unions have given a thumbs up to the revision agreement notified on October 13.
“I think it is a fair amount as we've expected,” said A K Singhal, chairman, General Insurance Public Sector Association . But, the wage revision is not likely to substantially impact the bottom lines of insurance companies as they had been provisioning for the increase from 2007.
“We have already provided for it,” said M Ramadoss, chairman and managing director, New India Assurance. The new wage scheme worked out between the unions and the government also provides for a revision in the dearness allowance every time there is a four point rise in the quarterly average of the all India consumer price index.
There has also been a substantial increase in the allowances including house rent allowance in all categories. “The wage revision is in sync with what was given to the employees of Life Insurance Corporation and public sector banks, Mr Singhal said.
Similar views were echoed by R K Kaul, CMD Oriental Insurance who said that the wage revision would further motivate employees. However, some unions are not celebrating yet and will wait they see the notification in black and white. "We need one more pension scheme as it exist in banks.
We are awaiting for the administrative information on the pay revision and will then chart out a plan," said CA Baskaran , President, United India Insurance Officers Association .
“We have approved the wage revision,” said a finance ministry official and added that it is similar to the one approved recently for public sector banks.
The wage revision comes close on the heels of the central government employees getting a 10% rise in dearness allowance , and is sure to give some boost to the already robust consumer durable sales.
The wage increase would be effective from August, 2007, which means that employees would also be receiving substantial arrears just ahead of the festival season . Employee unions have given a thumbs up to the revision agreement notified on October 13.
“I think it is a fair amount as we've expected,” said A K Singhal, chairman, General Insurance Public Sector Association . But, the wage revision is not likely to substantially impact the bottom lines of insurance companies as they had been provisioning for the increase from 2007.
“We have already provided for it,” said M Ramadoss, chairman and managing director, New India Assurance. The new wage scheme worked out between the unions and the government also provides for a revision in the dearness allowance every time there is a four point rise in the quarterly average of the all India consumer price index.
There has also been a substantial increase in the allowances including house rent allowance in all categories. “The wage revision is in sync with what was given to the employees of Life Insurance Corporation and public sector banks, Mr Singhal said.
Similar views were echoed by R K Kaul, CMD Oriental Insurance who said that the wage revision would further motivate employees. However, some unions are not celebrating yet and will wait they see the notification in black and white. "We need one more pension scheme as it exist in banks.
We are awaiting for the administrative information on the pay revision and will then chart out a plan," said CA Baskaran , President, United India Insurance Officers Association .
Financial Planning , a Lifeline
CFP Global : 16TH OCT 2010
The observation and interaction with n number of clients of financial products or for even clients purchasing any item for consumption, has brought in the light of how consumption should be taken care of through prudent scissoring of illogical buying and maniac shopping through credit cards.
Once the habit of managing the credit card is learned by the individual and deposits all his credit card dues, on time and does not pay any extra interest on that by not crossing the due date. one can look forward to the next step of savings.
Please do consult a good financial planner , whom you trust to a level that he would feel the loss would be his, if he makes a wrong or an uninformed decision .
AJIT PANICKER
Chief Financial Planner
CELEB FINANCIAL PLANNERS Global
The observation and interaction with n number of clients of financial products or for even clients purchasing any item for consumption, has brought in the light of how consumption should be taken care of through prudent scissoring of illogical buying and maniac shopping through credit cards.
Once the habit of managing the credit card is learned by the individual and deposits all his credit card dues, on time and does not pay any extra interest on that by not crossing the due date. one can look forward to the next step of savings.
Please do consult a good financial planner , whom you trust to a level that he would feel the loss would be his, if he makes a wrong or an uninformed decision .
AJIT PANICKER
Chief Financial Planner
CELEB FINANCIAL PLANNERS Global
Thursday, October 14, 2010
INVITATION for SAMANVAY , by LUMBA for all ALUMNI of all times
Respected Lumbans,
LUMBA cordially invites you to the ‘SAMANVAY’ (Bringing together the Alumni and the present batch) to be organized on 30th October, 2010. With seasoned seniors and rejuvenated juniors, we hope to make the meet a memorable one.
Kindly forward this mail to the Lumbans in your contact.
Looking forward to your precious presence.
Venue : Auditorium, Deptt. Of Business Administration,
University of Lucknow
Date : 30th October, 2010(Saturday)
Time : 3 pm
Thanks & Regards
LUMBA
Please inform us @ the given Mail id.-
lumba.alumni@gmail.com
placements.lumba@gmail.com
Phone no. 8009496383(Pratikdhar), 9307267954 (Harsh),9044631294 (Shahrukh)
LUMBA cordially invites you to the ‘SAMANVAY’ (Bringing together the Alumni and the present batch) to be organized on 30th October, 2010. With seasoned seniors and rejuvenated juniors, we hope to make the meet a memorable one.
Kindly forward this mail to the Lumbans in your contact.
Looking forward to your precious presence.
Venue : Auditorium, Deptt. Of Business Administration,
University of Lucknow
Date : 30th October, 2010(Saturday)
Time : 3 pm
Thanks & Regards
LUMBA
Please inform us @ the given Mail id.-
lumba.alumni@gmail.com
placements.lumba@gmail.com
Phone no. 8009496383(Pratikdhar), 9307267954 (Harsh),9044631294 (Shahrukh)
Warren Buffet- The Philanthropist and a humble lifestyle
Warren Buffet is famous for being the world’s 3rd Richest Person, but most recently made the headlines for deciding to donate the majority of his wealth to the Bill and Melinda Gates Foundation. Will this socially responsible decision signal the start of a new era, where the super-rich begin to use their fortunes towards making the world a better place? Should there be more pressure on other billionaires to do the same, or do you think people who have worked hard all their life, spend their money however they want?
Warren Buffet’s incredible began his career as an entrepreneur at an early age. He started working at his father's brokerage aged 11; the same year he bought some Cities Services shares at US$38.25 per share, his first of many stock market investments. He sold the Cities Services shares when the price hit US$40, then saw the price rise to $200 a few years later!This had a long-lasting effect on his investment outlook - invest in good companies for the long term!
At 14, he and a fellow high school student started a pinball machine installation company, eventually selling his stake for $1,200 and used the money to buy 40 acres of farmland which he rented to farmers.
He graduated near the top 20 in his class at the age of 16 and despite having already proved to himself his future potential as an entrepreneur, he reluctantly followed his father's advice and decided to attend the University of Pennsylvania and then the University of Nebraska.
With a small amount of his own money, and investment from family and friends, he started what became Buffett Partnership Limited, which gradually grew into a multi-billion dollar company, the significant turning point being the purchase of Berkshire Hathaway, a large manufacturing company in the declining textile industry that was selling for less than its working capital. Some analysts criticised the move, though Berkshire became one of the largest holding companies in the world: the rest is history!
Unlike many billionaires, Buffet lives a relatively humble lifestyle, continuing to live in the same house in Nebraska which he bough in 1958 for $31,500. What Warren Buffett will be remembered for, for many years to come, is his decision to donate his wealth to charity, with 83% of it going to the Bill and Melinda Gates Foundation. The donation amounts to approximately US$30 billion, the largest charitable donation in history.
"My thought on this, which iam very confident many would agree on this"
"Is some one humble enough to start this in india, i know it is very difficult, to standby the feeling, that the hard earned money would go waste, but every single penny donated actually comes back to the same person in quantums, but donating to the right person should be through a wise decision, even all criminals or people with undeclared income can help, and citizens of the country should help them do this, there is nothing in this world which is impossible", i have met people on roads, in trains, in flights, in hotels, in hospitals who have devoted their complete or majority of their lives in this.
Ajit Panicker
Warren Buffet’s incredible began his career as an entrepreneur at an early age. He started working at his father's brokerage aged 11; the same year he bought some Cities Services shares at US$38.25 per share, his first of many stock market investments. He sold the Cities Services shares when the price hit US$40, then saw the price rise to $200 a few years later!This had a long-lasting effect on his investment outlook - invest in good companies for the long term!
At 14, he and a fellow high school student started a pinball machine installation company, eventually selling his stake for $1,200 and used the money to buy 40 acres of farmland which he rented to farmers.
He graduated near the top 20 in his class at the age of 16 and despite having already proved to himself his future potential as an entrepreneur, he reluctantly followed his father's advice and decided to attend the University of Pennsylvania and then the University of Nebraska.
With a small amount of his own money, and investment from family and friends, he started what became Buffett Partnership Limited, which gradually grew into a multi-billion dollar company, the significant turning point being the purchase of Berkshire Hathaway, a large manufacturing company in the declining textile industry that was selling for less than its working capital. Some analysts criticised the move, though Berkshire became one of the largest holding companies in the world: the rest is history!
Unlike many billionaires, Buffet lives a relatively humble lifestyle, continuing to live in the same house in Nebraska which he bough in 1958 for $31,500. What Warren Buffett will be remembered for, for many years to come, is his decision to donate his wealth to charity, with 83% of it going to the Bill and Melinda Gates Foundation. The donation amounts to approximately US$30 billion, the largest charitable donation in history.
"My thought on this, which iam very confident many would agree on this"
"Is some one humble enough to start this in india, i know it is very difficult, to standby the feeling, that the hard earned money would go waste, but every single penny donated actually comes back to the same person in quantums, but donating to the right person should be through a wise decision, even all criminals or people with undeclared income can help, and citizens of the country should help them do this, there is nothing in this world which is impossible", i have met people on roads, in trains, in flights, in hotels, in hospitals who have devoted their complete or majority of their lives in this.
Ajit Panicker
Subscribe to:
Posts (Atom)