Rajesh Sharma
Yes, in Nepali market, rumor works as business strategy for trading.
Unfortunate but true. But for investment, it has not much relevance.
Thursday, February 26, 2015
A book on share market in Hindi
Rajesh Sharma
For
friends, who might have difficulty in English, this could be an option.
I have not seen this book in Nepali book stores, could be available in
Delhi or could be ordered online, but from India only, perhaps.
Stock Market Mein Safal Hone Ke Tips
Author Ashu Dutt
ISBN 9789350832905
No. Of Pages 130
Edition 2013
Format Paperback
Language Hindi
Price 100
- See more at: http://www.booksforyou.co.in/…/Stock-Market-Mein-Safal-Hone…
Stock Market Mein Safal Hone Ke Tips
Author Ashu Dutt
ISBN 9789350832905
No. Of Pages 130
Edition 2013
Format Paperback
Language Hindi
Price 100
- See more at: http://www.booksforyou.co.in/…/Stock-Market-Mein-Safal-Hone…
स्टॉक मार्केट में सफल होने के टिप्स - आशु दत
इस पुस्तक की विशेषताये:
- अपना नुकसान रोके और जीत के चौके लगाये
- निवेश में आम गलतियो से बचना सीखे
- अपने नुकसान को लाभ में बदले
- जब आप नुकसान उठा रहे हो तो उस पर नियंत्रण बनाये
- कुछ स्टॉक्स से ही भारी मुनाफा कमाये
वित्त्य मार्केट के गुरु आशु दत, जिन्हे शेर मार्केट का अतुलनिया ज्ञान है, उन्होने कई दशको की मेहनत के बाद यह ख्याति अर्जित की है।
- See more at: http://www.booksforyou.co.in/…/Stock-Market-Mein-Safal-Hone…
इस पुस्तक की विशेषताये:
- अपना नुकसान रोके और जीत के चौके लगाये
- निवेश में आम गलतियो से बचना सीखे
- अपने नुकसान को लाभ में बदले
- जब आप नुकसान उठा रहे हो तो उस पर नियंत्रण बनाये
- कुछ स्टॉक्स से ही भारी मुनाफा कमाये
वित्त्य मार्केट के गुरु आशु दत, जिन्हे शेर मार्केट का अतुलनिया ज्ञान है, उन्होने कई दशको की मेहनत के बाद यह ख्याति अर्जित की है।
- See more at: http://www.booksforyou.co.in/…/Stock-Market-Mein-Safal-Hone…
Books For You offers book Stock Market Mein Safal Hone Ke Tips
booksforyou.co.in
Sponsored news, articles, comments and analysis in Nepali share market
Rajesh Sharma
Many Nepali web portals, blogs and discussion forums are full of sponsored news, articles, comments and analysis. Hence, if we lack the capacity of a flamingo (Raj Hans) that could differentiate milk from milk mixed water, we may suffer heavily. Therefore, we should enhance our ability to analyze critically.
Many Nepali web portals, blogs and discussion forums are full of sponsored news, articles, comments and analysis. Hence, if we lack the capacity of a flamingo (Raj Hans) that could differentiate milk from milk mixed water, we may suffer heavily. Therefore, we should enhance our ability to analyze critically.
Friday, February 20, 2015
NRB's probable policy intervention regarding MFIs' dividend
Rajesh Sharma
NRB's probable policy intervention regarding MFIs' dividend
Micro-finance companies are patronized entities and are getting cheap fund from the banks as per NRB policy arrangement. Hence, they have higher vulnerability.
The second important factor is that they provide mostly collateral free loan and this is a great strength of them. But this is a weakness too as the default cases may rise due to several local factors such as failed micro-enterprises, political thugs borrow the money and so and so.
NRB's probable policy intervention regarding MFIs' dividend
Micro-finance companies are patronized entities and are getting cheap fund from the banks as per NRB policy arrangement. Hence, they have higher vulnerability.
The second important factor is that they provide mostly collateral free loan and this is a great strength of them. But this is a weakness too as the default cases may rise due to several local factors such as failed micro-enterprises, political thugs borrow the money and so and so.
Hence, those who put money in MFIs should have a higher risk absorption
capacity.
Right now, not only in Nepal, also in other countries, the interest MFIs charge has become an issue of debate as it is quite high.
The supporters of MFIs' higher rate plead that the money lenders may charge even more. However, this logic sounds strange in two counts. 1. The money MFIs cater is a drop in the ocean of credit need of the poor. And, many people have to go to money lender anyway, if so. 2. The dividend they are distributing is higher than the outright commercial ventures and they get this money from the poor. Me, a well enough individual and promoters several times well off than me are rightful persons/companies to get the value added by the people (borrowers of MFIs) who are in much disadvantaged situation? This ethical dimension also needs to be addressed by the policy makers. Therefore, I think, we should see this phenomenon in larger perspective.
My comment on Sudip Ojha ji's post on Share Bazar Kurakani.
Right now, not only in Nepal, also in other countries, the interest MFIs charge has become an issue of debate as it is quite high.
The supporters of MFIs' higher rate plead that the money lenders may charge even more. However, this logic sounds strange in two counts. 1. The money MFIs cater is a drop in the ocean of credit need of the poor. And, many people have to go to money lender anyway, if so. 2. The dividend they are distributing is higher than the outright commercial ventures and they get this money from the poor. Me, a well enough individual and promoters several times well off than me are rightful persons/companies to get the value added by the people (borrowers of MFIs) who are in much disadvantaged situation? This ethical dimension also needs to be addressed by the policy makers. Therefore, I think, we should see this phenomenon in larger perspective.
My comment on Sudip Ojha ji's post on Share Bazar Kurakani.
Friday, January 16, 2015
No CDS yet! BT is still the reason.
Rajesh Sharma
Many officials working as regulators do share trading. Some prominent officials of NRB are at the fore front followed by SEBON and Beema Samiti. Some official working as operators do share trading. The officials of NEPSE and CDSC belong to this category. Some influential brokers do share trading. Normally, some big traders do share trading using third party's, small traders', money in collaboration with brokers. If CDS implemented, their traditional modes operandi of BT trading shall have to go. Hence, they put obstacles in one or other way.
This sounds the sole reason behind the delay now. We are living in an anarchic environment. Hence, we should follow some discipline. Some tips mentioned below hopefully could help us.
1. Let's assume that for a long time, say a year or two, CDS would not be implemented. What should we do? We should go for long term investment that is for 3 to 5 years or beyond.
2. If we like to do trading, we should closely watch what the large BT holders are doing. Inside information and floor sheets are key to such watch. If they buy, let's buy and if they sell, let's sell. Trading without knowing the trend and trading without following the trend may be a loss making business.
3. For investment, fundamental analysis and company selection are key to succeed and for trading inside information, both that of companies and BTwalas, and keeping track with trend are key to be successful in this anarchic situation. Technical analysis and understanding common investors behavior would help but with limitation.
Note: the analysis presentation above is my qualitative assessment and not substantiated by quantitative data. Hence, please read this simply as opinion.
Many officials working as regulators do share trading. Some prominent officials of NRB are at the fore front followed by SEBON and Beema Samiti. Some official working as operators do share trading. The officials of NEPSE and CDSC belong to this category. Some influential brokers do share trading. Normally, some big traders do share trading using third party's, small traders', money in collaboration with brokers. If CDS implemented, their traditional modes operandi of BT trading shall have to go. Hence, they put obstacles in one or other way.
This sounds the sole reason behind the delay now. We are living in an anarchic environment. Hence, we should follow some discipline. Some tips mentioned below hopefully could help us.
1. Let's assume that for a long time, say a year or two, CDS would not be implemented. What should we do? We should go for long term investment that is for 3 to 5 years or beyond.
2. If we like to do trading, we should closely watch what the large BT holders are doing. Inside information and floor sheets are key to such watch. If they buy, let's buy and if they sell, let's sell. Trading without knowing the trend and trading without following the trend may be a loss making business.
3. For investment, fundamental analysis and company selection are key to succeed and for trading inside information, both that of companies and BTwalas, and keeping track with trend are key to be successful in this anarchic situation. Technical analysis and understanding common investors behavior would help but with limitation.
Note: the analysis presentation above is my qualitative assessment and not substantiated by quantitative data. Hence, please read this simply as opinion.
Sunday, December 14, 2014
Could the market sustain the increase?
Rajesh Sharma
Could the market sustain the increase?
The market has been highly unstable for a long time. However, it was continuously going down for a few months with some exception of increase for a day or two. This phenomenon is the result of immaturity on the part of investors and domination of traders. We behave in a very emotional manner and lack ability to rationalize new developments. Gut feelings, believing in luck and making decisions influenced by rumors are a few characteristics of us.
However, this depressed phase of a longer time period has, perhaps, compelled to leave the market for quite a good number of small investors and also it downsized the influence of some BIG names. The downward journey of the market has inflicted injuries to many. Now, who are still surviving, they have plenty of experiences. We have seen ups a few months ago and downs recently and most importantly, we survived to see happenings of today. In this time of "survival of fittest", we must have some strong qualities and are buying and selling now.
The external factors including macro-economic fundamentals and company performances are not bad. Even, they are far better than previous years. The political drama alone may play negative or positive as the parties and leaders are unprofessional, unpredictable and self-serving. Anyway, now, they are also pressurized from all corners and they have no escape route. In Magh 8 or after some months, they must complete the constitution writing task. Now, the Indian line is clear - you got already what you wanted in this fluid situation, institutionalize the gains by getting further endorsement from a more stronger authority in Nepal. Hence, the constitution and a national unity government afterward sound logical now.
Therefore, I believe that the increase that we have seen is not only sustainable, it will move up much higher. May be, tomorrow or day after, we can not say; but on week to week basis. it may go up and up. However, the gradual and slower pace of increase is much better and sustainable.
In this phase of upward movement too, we should not be color blind. We have to select the companies to trade on or to invest carefully.
Could the market sustain the increase?
The market has been highly unstable for a long time. However, it was continuously going down for a few months with some exception of increase for a day or two. This phenomenon is the result of immaturity on the part of investors and domination of traders. We behave in a very emotional manner and lack ability to rationalize new developments. Gut feelings, believing in luck and making decisions influenced by rumors are a few characteristics of us.
However, this depressed phase of a longer time period has, perhaps, compelled to leave the market for quite a good number of small investors and also it downsized the influence of some BIG names. The downward journey of the market has inflicted injuries to many. Now, who are still surviving, they have plenty of experiences. We have seen ups a few months ago and downs recently and most importantly, we survived to see happenings of today. In this time of "survival of fittest", we must have some strong qualities and are buying and selling now.
The external factors including macro-economic fundamentals and company performances are not bad. Even, they are far better than previous years. The political drama alone may play negative or positive as the parties and leaders are unprofessional, unpredictable and self-serving. Anyway, now, they are also pressurized from all corners and they have no escape route. In Magh 8 or after some months, they must complete the constitution writing task. Now, the Indian line is clear - you got already what you wanted in this fluid situation, institutionalize the gains by getting further endorsement from a more stronger authority in Nepal. Hence, the constitution and a national unity government afterward sound logical now.
Therefore, I believe that the increase that we have seen is not only sustainable, it will move up much higher. May be, tomorrow or day after, we can not say; but on week to week basis. it may go up and up. However, the gradual and slower pace of increase is much better and sustainable.
In this phase of upward movement too, we should not be color blind. We have to select the companies to trade on or to invest carefully.
Thursday, December 11, 2014
Overcome Fear!
Rajesh Sharma
Political uncertainty and perception of gloomy future have been considered the main reasons behind free fall in NEPSE index. Where the fall started, it created a strange phenomenon of fear among investors. Is the political situation so worse? Is the perception of gloomy future right?
1. The talk of new constitution has been irritating. Talks after talks, meeting after meetings and sitting after sitting have gone astray. Hence, this is frustrating. But, this failure of political leadership has limitations. Is it that sky will fall down if no constitution will be there in January or even July next year? No.
2. The politics of subjugation has many demerits. Bending body in front of a foreign leader is too bad. Renting conscience to occupy positions of power is too shameful. But, strange results have been seen in Nepal due to this factor. Decade long civil conflict has ended due to 12 point agreement as India wished so. In the same fashion, one fine morning if India wishes to end petty bickering in Nepal, there could be 'consensus' within hours. The decisions would be delivered from Delhi in fast food boxes, and the leaders of different names and faces would assemble the food items in packets and sell to us as their very own creation. Hence, being serious about differences among parties and leaders is too unrealistic.
3. There is no system break down; there is no anarchy at grassroots level where people live and work and maintain peace and harmony; and the financial institutions are functioning normally though a few cases of fraud and embezzlement are there.
4. Hence, the higher wattage given by media, experts and investors to political uncertainty particularly the holy cow called constitution is artificial. In reality, we do not have instability, yes there is some uncertainty and that is not that bad as it is perceived. And, the perception of gloomy future if constitution promulgation is delayed is nothing other than an imagery created by the investors themselves. This is not a realistic conclusion that we will be in dark days without a new constitution.
5. Finally, I believe, we have to come out of the cocoon made by self inflicting BIG players in the beginning and nurtured by ourselves thereafter. The market gets affected by government policies, its nature and image; however, focusing on a single factor for everything is the result of a tunnel vision. When, a good number of we investors will understand this reality, the market would start behaving normally. And, I think, the days are nearer, when many among us will understand this. Now, BT pressure has been over; CDS implementation sounds sure, banks have been providing loans at attractive interest rates and relative political stability is still there; only the major hurdle is mass psychology of fear among investors. This is time, we have to take moderate risk and use the opportunity provided by the lower market index.
Posted on
Political uncertainty and perception of gloomy future have been considered the main reasons behind free fall in NEPSE index. Where the fall started, it created a strange phenomenon of fear among investors. Is the political situation so worse? Is the perception of gloomy future right?
1. The talk of new constitution has been irritating. Talks after talks, meeting after meetings and sitting after sitting have gone astray. Hence, this is frustrating. But, this failure of political leadership has limitations. Is it that sky will fall down if no constitution will be there in January or even July next year? No.
2. The politics of subjugation has many demerits. Bending body in front of a foreign leader is too bad. Renting conscience to occupy positions of power is too shameful. But, strange results have been seen in Nepal due to this factor. Decade long civil conflict has ended due to 12 point agreement as India wished so. In the same fashion, one fine morning if India wishes to end petty bickering in Nepal, there could be 'consensus' within hours. The decisions would be delivered from Delhi in fast food boxes, and the leaders of different names and faces would assemble the food items in packets and sell to us as their very own creation. Hence, being serious about differences among parties and leaders is too unrealistic.
3. There is no system break down; there is no anarchy at grassroots level where people live and work and maintain peace and harmony; and the financial institutions are functioning normally though a few cases of fraud and embezzlement are there.
4. Hence, the higher wattage given by media, experts and investors to political uncertainty particularly the holy cow called constitution is artificial. In reality, we do not have instability, yes there is some uncertainty and that is not that bad as it is perceived. And, the perception of gloomy future if constitution promulgation is delayed is nothing other than an imagery created by the investors themselves. This is not a realistic conclusion that we will be in dark days without a new constitution.
5. Finally, I believe, we have to come out of the cocoon made by self inflicting BIG players in the beginning and nurtured by ourselves thereafter. The market gets affected by government policies, its nature and image; however, focusing on a single factor for everything is the result of a tunnel vision. When, a good number of we investors will understand this reality, the market would start behaving normally. And, I think, the days are nearer, when many among us will understand this. Now, BT pressure has been over; CDS implementation sounds sure, banks have been providing loans at attractive interest rates and relative political stability is still there; only the major hurdle is mass psychology of fear among investors. This is time, we have to take moderate risk and use the opportunity provided by the lower market index.
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