2009-11-23
Only a Marwadi can Do it
ONLY A real Marwadi can accomplish this:-
A keen immigrant Indian Marwadi lad applied for a salesman's job at
London's premier downtown department store. In fact, it was the biggest
store in the world - you could get anything there.
The boss asked him, "Have you ever been a salesman before?" "Yes sir, I
was a salesman in India", replied the lad. The boss liked the cut of
him and said, "You can start tomorrow and I'll come and see you."
The day was long and arduous for the young man, but he got through it.
And finally 6:00 PM came around. The boss duly fronted up and asked,
"How many sales did you make today?" "Sir, Just ONE sale." said the
young salesman. "Only one sale?" blurted the boss. "No! No! You see
here, most of my staff make 20 or 30 sales a day. "If you want to keep
this job, you'd better be doing better than just one sale. By the way
"How much was the sale worth?" "300534.00 pounds" said the young
Marwari.
"What"," How did you manage that?" asked the flabbergasted boss.
"Well", said the salesman, "This man came in and I sold him a small fish
hook, then a medium hook and finally a really large hook. Then I sell
him new fishing rod and some fishing gear. Then I asked him where he was
going fishing and he said down the coast. So I told him he'd be needing
a boat, so I took him down to the boat department and sold him that
twenty-foot schooner with the twin engines. Then he said his Volkswagen
probably wouldn't be able to pull it, so I took him to our automotive
department and sold him that new Deluxe 4X4 Blazer.
I then asked him where he'll be staying, and since he had no
accommodation, I took him to camping department and sold him one of
those new igloo 6-sleeper camper tents. Then the guy said, while we're
at it, I should throw in about 100 Pounds worth of groceries and two
cases of beer.
The boss took two steps back and asked in astonishment, "You sold all
that to a guy who came in for a fish hook!!"
"No" answered the salesman, "he came in to buy a box of Sanitary
napkins for his wife and I said to him, "Sir, Your weekend is screwed
anyway, you might as well go fishing."
Boss - "You sit in my chair......."
Pictures to Wonder
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Thanks and Regards,
Mayur Sanam
9323893852
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Getting Money Wise: How to Invest In Gold
If you liked the post then,GOLD prices have sky rocketed to a huge extent in the past few months.So much so that GOLD today powered to a record high of $1,161.80.The GOLD movement has been phenomenal so to speak.A lot of this might have to do with growing worries about inflation and a drop in U.S. stocks that stirred doubt about the economic outlook.GOLD in its physical form has been the most important precious metal.A lot of occasions are not complete without purchase of GOLD and GOLD enjoys a lot of value proposition as a gift.But, with the high prices and a lot of knowledge needed to buy quality GOLD , it is difficult for small and medium time investors to add GOLD to their Investment Portfolio.
In my last post discussing the High Prices Of Gold , i had pressed for the desire to learn various investment vehicles which can help us in allocating a part of our investment portfolio for GOLD based investments.Here is a comprehensive list of How To Invest In Gold,SPOT MARKET
Large buyers and institutional investors generally buy the metal from big banks.
To avoid cost and security risks, bullion is not usually physically moved and deals are cleared through paper transfers.
The significant markets for physical gold are India, China, the Middle East, Singapore, Turkey, Italy and the United States.
Not suited for Small and Medium term Investors
FUTURES MARKETS
Investors can also enter the market via futures exchanges, where people trade in contracts to buy or sell a particular commodity at a fixed price on a certain future date.
China launched its first gold futures contract on January 9, 2008. Several other countries, including India, Dubai and Turkey, have also launched futures exchanges.
These are much like the Futures & Options(F&O) in Stock Markets.
Suitable for traders/speculators with technical know how to make money by trading.
BARS AND COINS
Retail investors can buy gold from metals traders selling bars and coins in specialist shops or on the Internet. They pay a small premium for investment products, of between 5-20 percent above spot price depending on the size of the product and the weight of demand.
This is the orthodox way of investing in GOLD.Investors can either buy coins from retail shops or banks.A lot of banks in India are providing the options to invest in Gold Coins
EXCHANGE-TRADED FUNDS
Continously rising gold prices has attracted investments into exchange-traded funds (ETFs), which issue securities backed by physical metal and allow people to gain exposure to the underlying gold prices without taking delivery of the metal itself.
This is the most interesting and viable option for a small and medium term investor for increasing exposure to GOLD. Gold ETF's work mostly like Mutual Funds and can be purchased similar to stock market transactions.The fund corpus is used by the AMC to invest in GOLD based products.Based on the price of GOLD and trading volumes , a NAV is assigned to the ETFThis is the probably the best gold based investment according to me.For small and medium term investors having a limited corpus, GOLD based ETF's provide the option of purchasing in phases and also help take the advantage of volatility in the prices much like Sytematic Investment Plans
All said, GOLD is trading at a very high price right now which makes it a little less lucrative.Such high volatility can give rise to a GOLD bubble formation which can be very risky.
I am going to consider investing in Gold based ETF's when the prices cool off a bit.There is a comprehensive list of GOLD based ETF's in India here .
I will hopefully try getting to the fundamentals of how GOLD prices work and what are the key price drivers when it comes to GOLD based products.Watch out this space for some fundamentals on GOLD based investments.
Have you invested in GOLD based products? What factors do you consider before making investment? Please share your thoughts hereImg Credit: Reuters
Ankit is an Oracle Technical Consultant By Profession and passionate about Indian Business and Finance.Besides this blog,he also writes at Ankit@trakin .He is a student of Web 2.0 and loving it.He loves conversations on anything and everything.You should follow him at @ankit_a for micro-conversations or mail him at hatsoffforu [at] gmail [.] com
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