e-Nagar

August 28, 2010

nerdy jokes

Filed under: Humor — Ankur Aggarwal @ 9:28 am

A woman asked her husband, a programmer, “Dear, would you please go to the store and buy some bread. If they have eggs, buy a dozen.” He agreed. A few minutes later he was back, with twelve loaves of bread. The wife was flabbergasted! “Why on Earth did you buy a dozen loaves of bread?” He logically replied, “They had eggs.”

My girlfriend took a pregnancy test last night and the results were positive. When she showed it to me, I asked, “Shall we keep it?” She replied, “What’s the point? You can only use them once!”

A Scottish grocer put a collection box on his counter with a small sign reading, “For the Blind.” Charitable customers put in their change. When the box was full, he used the money to buy a new window blind!

Q Frame a sentence with PINK, GREEN, and Yellow.
Lalu’s Answer: When the phone rings GREEN GREEN, Just PINK it up and say YELLOW.

4 stages of marriage
1. “Mad for each other”
2. “Made for each other”
3. “Mad at each other”
4. “Mad because of each other”
- courtesy SMS from Puja

College me ladkiyon ke kitne naam hote hai?
Answer: 4
1. Meri Wali
2. Tere Wali
3. Teri Bhabhi
4. Meri Bhabhi

August 27, 2010

Revolution in Insurance Industry

Filed under: Investing — Ankur Aggarwal @ 3:29 pm

Last year I had written an article on how a large of insurance industry (atleast the kickbacks) were supported by Money Laundering. enagar.com/2009/04/15/money-laundering-and-insurance-selling/ I had also hypothesed that the high commission of the tune of 30% of first year premium was unsustainable and would collapse soon. If you search in the archives of e-nagar, you would find atleast 5-6 articles describing how ULIP is everything but an insurance plan and the only person who benefits from them is the agent who sells the plan.

Today there are 2 term insurance plans that are available online. They require minimal/zero documentation. Since they eliminate the commission agent, you can get a 30 year term insurance cover of 10 million INR (1 cr.) for less than 10,000/- a year.

These are:

  1. i-protect by ICICI Prudential
  2. i-term by Religare-Aegon

To set the perspective right, a 5 million INR (50Lakh) term insurance cover for 30 years via an agent would cost me:

  1. 15,000/- p.a. from LIC Amulya Jeevan
  2. 11,000/- p.a. from ICICI- Pure Protect Elite
  3. 11,912/- from Aviva Life Shield Plus.

So a saving of almost 50%.

Note: The above rates are for a 28 years old average Indian male. Please consult your financial advisor before investing.

August 26, 2010

Infrastructure Bonds

Filed under: Investing — Ankur Aggarwal @ 4:13 pm

On top of the 1Lakh limit of 80c, Indian citizens can get an additional tax exemption of 20k if they invest in infrastructure bonds. Usually most public issue of infrastructure bonds provides abysmally low interest rates. However IFCI has come up with a private investment issue (which is open till 31st Aug ’10) http://www.ifciltd.com/Portals/0/IFCI%20Infra%20Bond%20Series%20I_IM_web.pdf

It has 4 different schemes with 5 year lock in and provides 7.85% to 7.95% p.a. interest for 10 years.

Note: Even though IFCI is a PSU, not so long ago it was on the verge of bankruptcy.

August 25, 2010

West Coast paper

Filed under: Miscellaneous — Ankur Aggarwal @ 8:23 pm

Last few years were harsh on Paper industry. Most of the Indian firms faced tough competition from the imports and also their earning capacity was restricted due to heavy investment in technology in order to comply with the latest environmental laws. Please note that the laws I am talking about were about the chemicals and bleaches used in processing of paper pulp and the effluents that are subsequently discharged. India still continues to be lax in enforcing the laws on deforestation and planting of saplings to replenish the green-belt.

Most firms were forced to invest in technology, plant and machinery and few companies like Tamil Naidu Paper (a PSU) and West Coast Paper Mills used the opportunity for capacity addition. Now time is ripe to reap the benefits. My associates made quite a killing in the recent bull run of Tamil Naidu Paper when the new capacity enabled the company to post higher sales and EPS. (I was a student and did not have much surplus cash for investments). West Coast paper mill’s capacity addition was delayed by about 6 months due to some operational difficulties. Hence it is still ripe for investments.

Apart from very low PE, what interests me in this sector is:

  1. Stable earnings and revenue (which is independent of economic cycles)
  2. High dividend yield. (so you don’t have to grow old before you can see the first fruits of your investment)

August 24, 2010

helping hands

Filed under: Photography — Ankur Aggarwal @ 8:23 am


courtesy: Puja

August 21, 2010

sms forwards

Filed under: Humor — Ankur Aggarwal @ 8:37 am

No matter how much you push the envelope, it’ll still be stationery.

“Mick, I’m thinking of buying a Labrador,” said Paddy. “You must be fooking crazy!” said Mick. “Have you seen how many of their owners go blind?”

People say that there is no difference between finish and complete…. but if you marry the right person you are complete, else you are finished.

Older Posts »

Theme: Silver is the New Black. Blog at WordPress.com.

Follow

Get every new post delivered to your Inbox.

Join 36 other followers