Personal Finance – Intro

I really don’t know when such a thing happened to me. My only hobby now seems to be ‘Personal finance’ if you could leave anything related to cricket. I have gone to such an extent that I am able to easily advice others in this. But this hobby is helping me in my life very much. But the only person who is affected because of it is my wife. Whenever I understand something new, I never forget to explain it to my wife and she is the only person who will be willing to hear such things and try to understand as much as possible. In the end she would say, “I don’t need to worry anything related to money.” I started it because I could not help being surprised by one Mr.Iyer Vidhyashankaran’s knowledge on tax. He was also like any other employee of Honeywell, but somehow he seemed to know far ahead of others related to tax and savings. Then I started to read about it all during my after-work hours and slowly I began to understand that it was not that difficult. And after quite some study that included anything related to personal finance from PPF to mutual funds, investing in shares to trend trading, credit cards to portfolio allocation and diversifaction, gold funds, MMFs, realty funds, Pure term insurance cover’s advantage etc, I was able to spot mistakes in what Iyer was saying.
The best application of my knowledge came when I decided to take life cover. I approached LIC agent and he came up with an impressive PDF with my name in it and all the schemes that he wanted me to be involved. It also quoted how much I would receive at the end of 5 yrs, 10 yrs, 15,16, etc. I was thoroughly impressed and decided to shell out 3300 Rupees monthly (Close to 40k per year) on it. Then in only of my evening classes in personal finance I came upon the drawbacks of putting lot of money in insurance and of using insurance as a saving mechanism. So i went ahead and opted for a endowment plan where I needed to spend only 12K per annum and i would get the money that I put in at the end of the term. That seemed ok and so I signed the deal with the agent. After just only a few days, I learnt that in Life insurance the best is the ‘Term Policy’ where you get insured for a high value for a very less annual payment, but you forgo all your money if you were to stay alive. I called my agent and asked him to change my policy to pure term policy. As expected he did not approve of it (as he will not get a good commission out of term policies). Still I asked him to go with it and so I ended up with a life cover of 10 Lakhs for just 2800 per year. I later learnt that atleast one third of my first year’s payment goes to the agent and that is why he was pushing me for a 40k per year scheme.
Tasting the first success, I evalutated how much putting the remaining money that I saved in PPF will give me and I was startled at what I learnt, The money was cooly double of what I would have got if I  had gone with LIC. Such a difference with just a little thought (we all know PPF is very safe an investment). Only then I learnt that I had not even known of PPF a year before that. That left me with a thought to ponder. We work day-in and day-out for our monthly salary of X rupees, but give no thoughts on where to put it for investment. A simple mistake means for the full term of say 25 years we are going to lose half of that money. Something like earning X/2 in the place of X. Terrible!!! and then I understood that there is no regular classes or anything like that to educate people on personal finance. Then I started looking more carefully and found that many were dealing with problems of credit card debts and were trying to save for Tax. What would have been left unnoticed by me a year ago seeemed like utter stupidity now. Then I felt lot of gratitude to the guys who had taken steps to put such articles on the web. I felt that as a benefactor, I should do something to help others. So with the help of a website, I created the Tax Planner for 2005-2006. I have it with me and if someone needs it he/she can mail to simon.peter@rediffmail.com. I am also obliged to give the website address that have helped me to uncover many personal finance mysteries.
icicidirect.com
rediff.com – getahead – money
smartmoney.com – tradecraft
personalfn.com
pruicici.com – university
myiris.com
equitymaster.com
to name a few. If there is any query you can also contact me at my mail address. I will do my best to give an answer.

Trigged by a Failure

All things require a beginning and this blog began when I lost my free neopages account. Not that it was because of a mistake from my side, but rather because the college student, Roy who was maintaining it had called it the day for neopages when he finished his studies. Fair enough!!!.
Then I got a mail today from Sheikh boy, stating that he had started blogging on blogger http://regal-sivas-regal.blogspot.com and so I thought why not switch to something like this. After all it does not matter where our site is but what it does contain. I will try my best to keep this updated with all happenings and I make this promise to myself as I knew no bounds for my joy when I happen to read my scribblings after a year or two.
Blogging is good for your health and for your memory as well. Come let’s get on to Blogging.

Bangalore

When I first landed in bangalore I thought, well it is like any other city as the bus-stand was as bad as that of pondicherry’s.
But eventually I have changed my opinion about this city. It painfully tries to emulate a foreign city. There is something very unique here. U can find people very energetic and buzzing at 10.00 PM. They are the victims of the new disease called ‘Callcenteromania’ and have been hospitalized in various centres throughout the city.
No category of people are an exception. You can find married woman, college students among them, all for a few thousands of rupees. Well it is not like that they are born from a poor family and that their father is a poor dry washer and their mother works at other’s home to feed them.
They are rich by birth, but many don’t have enough money for a visit to the pub or cannot find more lies to get money from their parents.
90% of the group can be easily recognized as crazy cows with cellphones of the latest model and credit cards from almost all the banks. The lone 10% are actually who can be pitied upon as they are ususally in search of a better job with good engineering degrees but fate has them there and some house wifes who try to make it up for the family budget so that they can find a place for their kids in some stupid school which asks a monthly fee equal to that of their income.
This being the major impact there are a lot more facets to this city.
One thing is the cultural differences that this city can boast of. You have people from everywhere. Andhra, Tamilnadu, Kerala, Orissa, the entire north and from where not. That gives you many amazing experiences like the one we have next door. A telugu pair live next house and I had a doubt whether one or both of them is deaf. Such was the decibel level with which they used to converse. Many times we were in doubt whether they are fighting for a piece of meal.
Everyday the husband used to go out to his vehicle and she would shout from her house “evandi ekkada unnaru” and we used to mimic from her house “scooter mela unnaru”.
They were highly comical characters and we did not have a day without amusement.
The city is as such is aptly called garden city and people here take deliberate effort in keeping it so. You can find trees anywhere and everywhere and in places where there is no space people even have lawns few metres across. The city is evergreen.

The Hi-Fi bannarghatta road

Ask any honeywell employee how he feels coming to the office at 9.30. He would give a meaningfull glance at you and shout “To hell with you”. You might wonder what the hell had I done. But you will not realize that you have reincarnated bad memories of the person waiting patiently in a dreadful traffic filled with smoke and sand all over his face.
Let’s first see where is this horrible road in bangalore. It is the road where IIMB is apart from major companies life Honeywell, HSBC and Accenture.
5 years ago when IIMB was first inaugurated here, they used to say that it is hard to find anyone in the road but for a lone man riding his cycle. Even today the same man is present with his cycle, just that he is no more riding it, but moves it with his legs in a heavy traffic and has plans to sell if off and rather walk.
Where is a place without traffic, you might ask especially if you are from a place like chennai where you might end up going to a birthday function when you had intended to attend the marriage of the parents of the baby, but bannarghatta is something special.
First of all it has two glorious road beds on either side with full of noxious dust that has been estimated by IISc to have the power to kill anyone constantly inhaling it. If you happen to pass from one end (bileka hali) to other end (say HSBC) which is a mere 800 metres, you might not recognize yourself in a mirror. Such is the level of dust here and a few say that they don’t take breakfast as anyway they are going to get a mouthful of sand. Don’t speak and drive is the new rule here as you don’t want munching sand, do you?
The second special feature of this ill-fated road is that there are quite a few brilliant drivers on it like autos and a majority of two wheelers who climb hills on either side of the road in an attempt to reach before others and finally land up over someone’s head. It happened even today. One was hurt good enough that he is sure to be benefitted by a blood camp organized by honeywell tomorrow.
The last but certainly the most important feature of this road is that you can consider it a test bad for test driving any automobile for ruggedness. The BCC had made this happen by attempting to lay a road and ended by piling stones with red soil where now only the stones are seen smiling at the passers by and the red soil had gone for honeymoon with the rain waters. So you literally have thousands of blue granite stones lying there. Today morning a tomato vendor had a bad time, probably he had seen his own face in the mirror while waking up. He happened to move his cart over a stone and lo all his tomatoes are down in the bannarghatta road and he cannot even think about picking them up ’cause of the traffic. Poor fellow but he is not alone, We are about a 2000 odd people being harrassed and tortured beyond limits by a inanimate road.
What can one do? Honeywell it seems has contributed quite some money to the govt to lay the road but nothing has changed.
Well something has changed a bit. We get to see a lot of actions whenever we pass by but YES U COULD BE THE NEXT. So better watch out.

Poor IIM Prof

Today I did not have shirts washed, so I went for the HTSL white shirt that was given to us as a token of recognition for the CMMI level 5.
I also wore the marriage pant (green). I set off and it was a terrible traffic. I went to pay the electricity bill which was very low (Rs 237) and when I came

near adigas, there a person who asked me whether I was working in Honeywell. I said yes. He said he was working in IIMB, probably a prof there.
He asked for lift and I said ok. He was quite a fat person and so I had difficulty in moving my bike (there is heavy rains and the soil is loose. Rains in

May!!!). He asked me to be careful. On the turn to bannarghatta road which is just say 60 meters from where he boarded my calibre, there was a crook

turn with loose soil and water.
I tried to make it but ended up landing Mr.Prof on the watery soil and my shoes also inside it. I can remember how he was sitting plump on the soil. Poor

guy. I felt very sorry for him but had great difficulty in hiding my laughter. He was sitting there for quite some time before people gave him hands and took

him out.
Evening I was probably punished for it. Trying to surprise kayal, I went to her stop at 5.15 and started waiting for her bus. 5.30 still no signs of the bus. I

asked a nearby shop wala and he said that the bus had not yet come. I waited till 6.00 after which I made a call home. She picked up and said that the bus

had come at 5.14 probably. I though babre. Meanwhile it had started raining heavily and I had to wait till 6.20 and still no signs of rains ceasing. Finally I

gave up and went home drenched in rain.

Tamil way of learning Hindi 1,2,3…

Yake Gawn Mein Yake Kisaan RaghuThatha
Uske paas Dho Gai MayThatha
Roj Gai Theen Litre Dhoodh DheyThatha
Iske Baarey Mein Chaar Log Chaar Vidham BolThaatha
Kyonki Dhoodh Mein Thaatha Paanch litre Paani KalakThaatha

Chey O’clock Seval KoovThaatha
Thaatha Saath Logown Ko Is Dhoodh OooThaatha
Log Isko Aat Kaal Soup Kay Saath KudiThaatha
Soup Peekar Now Log Seththu PoThaatha
Un Logon Ko Dhas Dhin Kay Baadh Paththu HoThaatha

Yake Gawn Mein Yake Kisaan RaghuThatha
Aur Yake Gawn Main Aur Yake Kisaan Raghu Thatha

Gilli

This film starring vijay is expected to go well. It is a good commercial film with a good hero character, a good heroine character and also a very good villain character. Vijay is fond of playing kabadi and he is chellama called as gilli by his team mates. His father as expected opposes gilli’s kabadi intentions. The team goes for coimbatore for a semi finals. There vijay meets trisha. Actually the local don prakash raj falls in love with trisha and kills her two brothers as they oppose him. Vijay rescues her and elopes back to his home. There he hides her with the help of his sister. Vijay’s father is a policeman who is incharge of finding trisha, not knowing that she is in his home itself. Finally vijay hits prakash raj and gets trisha. The screenplay is again really good. The picturization also good inspite of a few glitches like the graphics scene where vijay showers chilli powder on the policemen. Vijay looks young and good. Trisha has done her part well. Prakash raj is a gem of an actor. When he says “Chellam, vada” to trisha his calibre is shown. Overall a good entertainer..

Arul

What the hell happened to director hari, or atleast to the top star Vikram. This film is a rotten one. I don’t really understand the theme that vikram will get angry if anyone speaks bad language. Is he a tamil prof or what?? No he is a good boy, who gets tremendously angry whenever he hears a hurting slang language being used.
He has a unique way of dealing with those situations. He tells “Say it again”. Is he interested in hearing it once more, you might ask. Then he tells. “See my eye and now say it again”. These are for making him really angry as he seems to be ok if the person tells it only once. so he forces him to tell it thrice (one looking at vikram’s eyes) and then he maar peets the poor guy who said it.
I am amazed. If only had vikram played a cricket match with us in our college, he would have ended up beating everyone in the field as for our guys the comma, full stop and even spaces are those wicked words of tamil language.
Too poor a performance from a top team.

Jana

Who said only music videos can be remixed. That is what the director has to say as he had very successfully remixed “Bhatsha”, the super dooper hit of rajnikanth. The only difference is that this time it is ‘Ajith’ who is playing the role of a hidden don.
One thing is for sure. Had there been no film like bhatsha and ‘Jana’ had come then we can consider it a pretty decent film. Now since it is a tamil remake of yet another tamil film, it fairs very poorly. The only thing is that Ajith looks a bit good in this movie. Just think how he was in ‘Red’ with a mottai and a thoppai and a colourful veti.
Sneha had probably messed up with her call sheets as she disappears like a genie, unexpectedly.
There are also a few comedy scenes like Jana’s dialogue “Thappu enga nadanthalum naan anga irupain. Adhu en thappu illai”. Wow !!! dialogue of this year.
There is nothing to discuss here as Jana is a poor xerox copy of batsha.
Rating :: 30/100

Ayutha Ezhuthu

One really good film from maniratnam. It also comes as Yuva in hindi starring ajay devagan in lead role. The actors in tamil are surya, maddy and siddarth (the boys tragedy). The film just portrays the lives of three young people and how they come into a common screenplay later. Maddy plays a wonderful role as adiyal. He has done a tremendous job and can be considered on par with many good actors of tamil industry. Even in a single shot he does not remind of our sweet, handsome maddy but becomes one with the character. Surya is also excellent and his hyper active role reminds us of karthik in ‘Mouna ragam’. Siddarth has nothing to do expect play the role of a young boy in love. Barathiraja has done the role of a politician and has done really well. His emotinal face sets the screen ablaze whenever he comes. His dialogues are well crafted. For eg in a meeting he says. “Have u even noticed the map of india. It is narrow in south and widened in north. Do u think it is because of geography. No. It is because we have been cheated” The story goes like this. Maddy is an adiyal who kills his brother and wants to become a great politician. In the process he has to kill Surya too as surya is a active student who makes villagers understand things and asks one of them to contest in elections. Maddy shoots surya, but surya is helped by siddarth to whom surya had given a lift in his bike. Surya stands in elections along with siddarth and a few others opposite barathiraja’s party and wins. The film tries to make us aware that politics must be treated as a profession by young people to change India. The screenplay is superb with the story revolving around maddy and his wife (meera jasmine in a good role). Surya’s girl is isha deal who has a great role of sitting in the bike with surya. Same is the case for trisha who comes as the heatthrob of siddarth and all she does is walk a few feets and board a train. The film is a class work from Mani Ratnam and a must see. Rating :: 70/100