25 FEBRUARY 2012

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FORTNIGHTLYPAGES Dream Issue9 2 4

Canadians alarmed by Volcker Rule

The 4 Worst Ways To Borrow Money

2 2 3

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INSIDE

STORY TIMEGREAT SPEECH

GTA Real EstateMarket Watch

Health News

Your Home Dreams Fulfiller

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Market Review

Moody's and Fitch Ratings - two of ment to return to fiscal balance.the world's leading ratings firms - are Shelly Shetty from Fitch Rating warning that the Canadian govern- concurs.ment's plan to increase spending cuts

"You don't have to swallow an isn't necessary and could actually do

extremely bitter pill if you are not sick," more harm than good.

she said, noting the Harper government In recent weeks, the Harper govern- deserves credit for its commitment to

ment has hinted that they planned to fiscal balance.reduce federal spending by $8 billion in

The warnings comes on the heels of a each of the next three years, twice the

Statistics Canada report indicating real amount it previously estimated.

gross domestic product shrank by 0.1 But Steven Hess, Moody's lead per cent in November, following zero

analyst for Canada, said that with a growth in October.budget deficit of around 2 per cent, there

Budget 2012 is likely to be presented is "no rush" for the Canadian govern-

in March.

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down less than 20%.

CMHC defines the benchmark rate as the Chartered Bank — Conventional Mortgage 5-year rate that is the most recent interest rate published by the Bank of Canada in the series V121764

The Bank of Canada Qualifying Rate as of 12:01 AM (Eastern Time) each increased to 5.24% Monday February Monday.20th, 2012.

In accordance with the new CMHC mortgage changes, the benchmark qualifying rate for insured high-ratio mortgages will be 5.24%.

Home buyers will now have to qualify based on the 5.24% interest rate if they want to choose a variable or a 1- to 4-year fixed term if you're putting

he Bank of Canada is warning again that growth in household T

debt supported by a decade-long increase in home prices means families and the economy as a whole are vulnera-ble to a correction in the housing market.

Governor Mark Carney and his policy team at the central bank have long flagged record levels of household

debt as the number-one domestic risk to Canada's economy and financial system. Still, while the report contains little new information and does not include any policy prescriptions, it comes at a time of escalating concern among policy makers about how overstretched many households have become.

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Free Market Evaluation

Once Again,

Issues DebtCentral Bank

Warning

Rating FirmsQuestionCanada'sBudget Cuts

Rating FirmsQuestionCanada'sBudget Cuts

>>CONT. PG.2

Canadian Housing Market to Remain SteadyOTTAWA, February 13, 2012 — Existing home sales will be in the

Housing markets are expected to remain range of 406,000 to 504,500 units in steady in 2012 and 2013, according to 2012, with a point forecast of 457,300 Canada Mortgage and Housing units. In 2013, MLS®2 sales are Corporation's (CMHC) expected to move up in the range of

417,600 to 517,400 units, with a point “With the Canadian economy set to forecast of 468,200 units.expand at a moderate pace and mort-

gage rates expected to remain low, The average MLS® price is forecast activity levels in 2012 in both new home to be between $330,000 and $410,000 in construction and sales of existing homes 2012 and between $335,000 and will stay close to levels seen in 2011,” $430,000 in 2013. CMHC's point said Mathieu Laberge, Deputy Chief forecast for the average MLS® price is Economist for CMHC. $368,900 for 2012 and $379,000 for

2013. The moderate increases in the Housing starts will be in the range of average MLS®price are consistent with 164,000 to 212,700 units in 2012, with a the balanced market conditions that point forecast of 190,000 units. In 2013, occurred in 2011, and that are expected housing starts will be in the range of to continue in 2012 and 2013.168,900 to 219,300 units, with a point

forecast of 193,800 units.Bank of Canada's

5.24%Qualifying Rate Increased to

2

25 FEBRUARY 2012 MONEYDREAMS &

Big Five banks started raising rates on lines of credit after the 2008-2009 stock market crash. After that, TD Canada Trust is raising rates on personal lines of credit not secured by collateral now. In many cases, the rise is steep.

TD spokeswoman said the adjustments were intended to “ensure a risk-based approach that evaluates factors including a cus-

from 0.5 to 3 per cent below current tomer's credit situation and their rates — go into effect April 2.relationship with us.”

Whatever be the type of line of Of the TD clients with unsecured credit, you can always borrow up to the LOCs who are getting notices, 60 per limit. In other words, you can borrow cent will see their rate go up and 40 per back the amount paid by you earlier up cent will see their rate go down, she said. to the limit. If you are confused about The increases — which range from home equity and unsecured lines of 0.5 to 3.75 per cent above current rates credit, here are the differences.— and the decreases — which range

Canadian politicians, regulators, In his letter to U.S. Secretary of the financial institutions and lobby groups Treasury Timothy Geithner, federal are making their voices heard in protest Finance Minister Jim Flaherty reiterated against the "Volcker Rule” The De Laurentiis's concerns: "Without a Volcker will prohibit U.S. financial change to the rule, a Canadian covered institutions from proprietary trading, banking entity could be precluded from that is, trading for their own accounts, continuing to sponsor such a fund if it and from owning, sponsoring or having had unit holders resident in the U.S., certain relationships with a hedge fund even temporarily.”or private equity fund. But Flaherty and Bank of Canada

Canadian and international leaders Governor Mark Carey also have broader c o n c e r n s t h a t c e n t r e o n t h e l i q u i d i t y a n d r e s i l i e n c y o f Canadian financial markets.

Carney points out three potential consequences of the proposed rule:

C a n a d i a n b a n k s m a r k e t -making and risk-m a n a g e m e n t activities may be limited.

fear the proposed rule may undermine Trading in Canadian government rather than support efforts to get the

bonds may be impaired, restricting global financial system on sound competition and liquidity in these footing.markets.

"As drafted, the Volcker Rule erects The use of U.S.-based global market a barrier between the Canadian mutual

infrastructure may be curtailed, hinder-fund industry and its Canadian clients,” ing progress in implementing global IFIC president Joanne De Laurentiis initiatives to promote financial stability.said in a press release, "especially

He recommends two suitable among our retiree, snowbird popula-changes.tion.”

Ÿ Calgary: 1,214,839, a 12.6% increase

Ÿ Edmonton: 1,159,869, a 12.1% increase

Ÿ Saskatoon: 260,600, an 11.4% increase

Ÿ Kelowna, B.C.: 179,839, a 10.8% increase

Ÿ Moncton, N.B.: 138,644, a 9.7% increase

Ÿ Vancouver: 2,313,328, a 9.3% increase

Ÿ Toronto: 5,580,064, a 9.2% increase

Ÿ Ottawa-Gatineau: 1,236,324, a 9.1% increase

Ÿ St. John's: 196,966, an 8.8% increase

Ÿ Brantford, Ont.: 135,501, an 8.7% increase

Ÿ Regina: 210,556, an 8% increase

Ÿ Oshawa, Ont.: 356,177, a 7.7% increase

Ÿ Abbotsford-Mission, B.C.: 170,191, a 7% increase

Ÿ Quebec City: 765,706, a 6.5% increase

Ÿ Kitchener-Cambridge-Waterloo, Ont.: 477,160, a 5.7% increase

Ÿ Canada's population as of May 2011 was 33,476,688.

Ÿ Canada's population grew by 5.9% between 2006 and 2011.

Ÿ Toronto, Montreal and Vancouver account for 35% of population

Ÿ Population is divided in three almost equal regions in Canada: British Columbia and the Prairies; Ontario; as well as Quebec and Atlantic Canada.

Once again, Central...From Pg.1

Since much of the growth in debt has come from households borrowing against the value of their homes – through home-equity lines of credit, or HELOCs - the report suggested a swift reversal in prices could have a "rela-tively large impact" on consumer spending, which Carney and his officials are counting on to fuel more than half of economic growth this year amid slower demand for Canadian exports (According to one simulation the central bank pointed to, a 10% drop in home prices could translate into a 1%

For instance, the central bank noted decline in consumption).

that while income and population Carney, who has left his key interest growth account for some of the gains in

rate at 1% since September, 2010 -- the house prices over the past 30 years, longest pause in decades -- has repeat- more recently other factors such as a edly warned that low borrowing costs drop in long-term interest rates and the are enticing too many Canadians to take expectation among borrowers that on debt that won't be affordable once prices would keep rising have also interest rates rise. played roles.

The central bank said Canada's "Over history," the central bank said, housing market has not yet shown signs "these other factors are associated with of "the excesses seen in other coun- the medium-run tendency of house tries," such as the United States and the prices to rise faster than their long-term United Kingdom in the years before the trend for a number of years and then global financial crisis, which in no small subsequently adjust back to trend." part was triggered by the bursting of

Also, the central bank published data real-estate bubbles. However, other

showing that younger Canadians are comments in the report reinforce the

more debt-strapped than Canadians of notion that the central bank -- which is

the same age were just over a decade not expected to be able to counter a

earlier. In 2010, the bank said the mean runup in debt through higher interest

real debt load of a typical household led rates any time soon -- is more and more

by people aged 31-35 was $120,000, up worried about this issue.

from $75,000 in 1999.

Rising line interest rates of credit

Home equity unsecured vs. lines of credit

Your home is the security for your debt

Your bank's prime plus 0.5 or 1.0 is the interest rate (the prime rate is currently 3 per cent). i.e. interest rate could be presently either 3.5% or 4%

You can pay “interest only” on a monthly basis Principal can be paid, whenever you like.

Set up can cost several hundred dollars to cover legal and other fees

Can be up to 80 per cent of the equity in your home

HOME EQUITY

No collateral pledged

Prime plus 1 to 7 percentage points based on risk and profitability factors i.e, interest rate could be anywhere between 4 to 10 % or more

Usually a minimum of 2 or 3 per cent of your balance per month, or a mini-mum of “interest only”( as decided by the bank)

None

Typically much less than home equity credit line

UNSECURED

Canada Census 2011 :Census highlights

15 fastest growing census metropolitan areas

Canadians alarmed by Volcker Rule

3

25 FEBRUARY 2012MONEYDREAMS &

s the economy remains shaky and banks are tightening up on A

their borrowing criteria, many consum-ers find themselves looking for new sources of funding. While some avenues are straightforward and understandable, small amounts of cash (usually up to some have high interest rates, fees and $5,000 maximum), the loan comes with charges - some of which are not obvious high fees along with a high interest rate. at first glance. Here are the four worst The minimum monthly payments ways to borrow money. required often don't include any

principal pay down, so it is easy to These are short-

term loans based on a percentage of your next paycheck. You must bring in a paystub to prove that you are gainfully employed and the lender may perform a credit check. The danger of these loans is that it is easy to get into a borrowing cycle that is difficult to get out of. Paying off the loan with your paycheck may chew maintain a high balance and pay more in up most of it, necessitating a new interest. Because this type of loan is payday loan against your next check. secured by the title to your vehicle, you There is little regulation in this industry may lose it if you default on the loan. and the fees can be steep as there is no security backing the loan.

Pawn shops are a source of fast money for those in dire straits. You leave

If you own your car free and clear, something valuable as security for the you may be eligible for a title loan if the loan and the pawnbroker can sell it if car still has value. The lender holds the you do not repay the loan. The benefit title to the car until the loan is repaid in for those with poor credit is that the full. While this is a fairly easy way to get pawnbroker won't run a credit check

Payday Loans

Pawn

Title Loans

amounts accumulate until the borrower dies or sells the house and then full payout is required. The fees and accrued interest often drain the equity out of a house and leave the heirs with a difficult financial situation. This is even truer today when many properties have

because the loan is fully secured. The mortgages larger than the value of the downside is that the fee and interest rate home. charged make these loans one of the most expensive methods of borrowing

There may be times in life when available. borrowing from an alternative source makes sense. However, reviewing the

These misnamed loans (after all, terms and conditions of the loan and they are simply mortgages) are adver- knowing all of the associated fees and tised heavily to seniors who have equity interest can help you avoid the dangers in their homes but not the income to of consumer loans. While there are less qualify for a conventional mortgage. risky places from which to borrow, there Often, these are even touted as a way to are also predatory lenders who can pay conventional mortgage payments make your financial situation worse still existing on the house. The loan than it was to begin with.

The Bottom Line

Reverse Mortgages

Condos in Toronto tion” of Toronto's condo market, with 20 percent to 30 percent or higher for some projects, according Ÿ Toronto has more skyscrapers and to OSFIhigh-rises under construction than

any North American city -- almost Ÿ Realtors say the record condo units three times as many as New York under construction will be easily

absorbed by 100,000 immigrants Ÿ Toronto has 148 high-rises and streaming into the city each year.skyscrapers being built, compared

with 59 tall buildings for No. 2- Ÿ A total 8,250 condo apartment rental ranked New York units were added to City, and 22 in Toronto last year, Chicago, according CMHC said. The t o E m p o r i s , a average vacancy H a m b u r g - b a s e d rate for Toronto b u i l d i n g d a t a rental condos was company. 1.3 percent last year,

down from 2 percent Ÿ Investors represent a in 2010.“significant por-

While there are less risky places from which to borrow,there are also predatory lenders who can make yourfinancial situation worse than it was to begin with.

The 4 Worst Ways To Borrow Money

By Angie Mohr

4

25 FEBRUARY 2012 MONEYDREAMS &

“REAL ESTATE AGENT ≠ FINANCIAL ADVISOR”“REAL ESTATE AGENT ≠ FINANCIAL ADVISOR”

PERRII.

PERRII

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PERRII @ 416 473 6100 / 647 352 4945

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This is what Elizabeth Newlin, a US based Real Estate Sale Representative says when talking about the present housing crisis in the

USA (Please see below for Her Story) What if someone who is a Financial Advisor IS ALSO a Real Estate Sale Representative.

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True Story of Elizabeth Newlin, a US based Real Estate Sales Representative

As your real estate agent, here's what I know:

Here's what I don't know:

ŸWhat your debts are

ŸHow high your tolerance for debt-risk is(source: http://realestatetangent.com/real-estate-agent- ŸWhether you've been squirreling away cash for %E2%89%A0-financial-advisor/) 7 years or living month-to-month

“I've had several encounters with various forms Everything else about your financial status I of media discussing or requesting more info from the would need to make a qualified judgment about what general public on the topic of real estate agents you can and cannot 'afford'encouraging or persuading buyers to purchase homes

My point is that, yes, I had clients who bought in that were 'more than you could afford'.……………2005, 2006 and 2007 who couldn't keep their

To begin with, home sellers were just as greedy as homes............ Don't you think that if I had some their agents. Yes, we were thrilled with our jacked up magic 8 ball knowledge about the collapse of the commissions, but did you turn down the $100K you made on your house from when you bought it in 2002 till when you sold it in 2005? Because that's more than I made in 2005 and 2006 together in commissions; I'm just saying. And now that you put it down on your house you bought in 2005, which is worth 60% of what you bought it for, you're angry and disappointed that you 'lost' that inflated equity. That's clearly also my fault. And secondly, I really a lot need everyone to understand this one thing: YOUR REAL ESTATE AGENT HAS NO IDEA WHAT YOU CAN AND CANNOT 'AFFORD'. I'm sorry. That was screamy and poorly written. I couldn't help it.

national housing market I would have warned the I seriously cannot deal with the concept out in the people I love about the upcoming disaster, instead of

public that a real estate agent has any clue whatsoever watching them walk into it totally unprotected while what his client can afford. gathering my comparatively paltry commission

checks?...........

So next time you hear someone blaming the real ŸWhat you tell me your price range isestate professionals for the bubble pop out here,

ŸWhat the lender says you qualify forremember this: four out of five of my closest friends who are real estate agents have lost their homes to

ŸHow much you make foreclosure in the last two years Does that sound like we had a clue it was going to happen?.......

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GTA Real Estate Market Watch

DISCLAIMERDreams and Money takes care to present all

the information as accurately and efficiently as possible. Any advice or recommendation appearing in the paper is also part of information only. They should not be construed as an expert opinion. Please note that no representation or warranty with respect to the accuracy or the completeness of the information is given. Information always keeps changing. Hence all the information, including advice and recommendations are to be treated as of general nature only. For your speci f ic circumstances, you are always advised to consult an expert before acting on any information.

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At Dreams & Money, we want to help people lead happy lives. We want to help people reach their dreams. A lot of dreams in the world require financial awareness and proper planning to bring to fruition. To get this financial knowledge can be challenging. We realize this, and want to make this process simpler.

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THE MISSION

Editor-in-Chief & PublisherPerrii Muthuraman

Direct : 416 473 6100

Editor & Technical AdvisorAishwar Muthuraman

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Manivannan

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MONEYDREAMS &

“The national housing market is stabilizing and remains well balanced,” said CREA president Gary Morse in a statement. The average price of a Canadian home hit $348,178 in January, up just 1.2 per cent from a year earlier.

CREA warned that average price comparisons could become “volatile and may turn negative” in the coming m o n t h s . T h a t ' s b e c a u s e a n unprecedented surge in sales in high-end Vancouver neighbourhoods, largely driven by Asian investors, pushed home prices there to such record-high levels at the beginning of 2011, they actually skewed the national house price average.

“A replay of this phenomenon is not expected this year,” said CREA chief economist Gregory Klump. “For this reason, year-over-year comparisons should be kept in perspective,” in the coming months, he warned.

continue to fetch top dollar, especially of March Break you'll really be able to considering the lack of listings. gauge the Canadian market's health. Or

lack of health.”“There is really a lack of product,” said Phil Soper, president of Brookfield The average GTA home was worth Residential Real Estate Services, which about 8.5 per cent more in January than operates Royal LePage. “We expect that over the same period a year ago, the to pick up considerably, and by the end statistics show.

TORONTO, February 6, 2012 – The Toronto Real Estate Board (TREB),

1. A series of price indices – The over time. This allows for an apples-to-Canadian Real Estate Association MLS® HPI price indices work in a apples comparison of price over time. (CREA) and four other major real estate similar fashion to the Consumer Price boards across Canada have developed a In the coming months, TREB will Index (Canada's measure of consumer new system to measure and provide publish an increasing amount of data price inflation). The indices have a base clarity on home prices and home price and analysis based on the MLS® HPI in month/year of January 2005, where the growth: the MLS® Home Price Index its monthly Market Watch publication in indices are equal to 100. In January (MLS® HPI). a new section called “Focus on the 2012 TREB's composite HPI was 143.6. MLS® Home Price Index”. Eventually, The MLS® HPI is calculated using a This means that the composite price the MLS® HPI will become TREB's sophisticated statistical model that is a index grew by 43.6 per cent between headline price number for release and hybrid of both the repeat sales and January 2005 and January 2012. On a reporting. However, traditional average hedonic price approaches. The MLS® month-over-month basis, TREB's and median calculations will continue to HPI takes into account a home's composite HPI was up by 0.28 per cent be published .quantitative attributes (e.g. the number compared to December 2011 and also of rooms it has; square footage etc.) and “The Toronto Real Estate Board is up by 7.6 per cent year-over-year in qualitative attributes (e.g., whether it extremely excited to be launching the comparison to January 2011. has a finished basement, a view etc.). MLS® HPI. This new approach will

2. A series of benchmark home prices provide clarity for the consumer and The MLS® HPI approach provides a – The MLS® HPI has also been used to prove to be a major improvement over less volatile measure of price than establish benchmark homes down to any other method to measure home averages and medians, which can swing TREB's Community level of geography prices and home price change available dramatically in response to changes in for major home types including single in the marketplace today. I look forward the mix of home sales from one time family (detached and attached), to discussing the many benefits and uses period to the next (see Chart 1 on Page 2 townhouses and apartments. A of the MLS® HPI in the coming of this release for a visual comparison). benchmark home is composed of a set of months,” said TREB President Richard Each month, there will be two key attributes typical of homes in the area Silver.outputs published using the MLS® HPI: where it is located, and remains constant

House sales have softened across the GTA. The resale properties inventory on the market continues to be low, particularly especially in the 416 regions of Toronto. That helped drive up the average house price across the GTA by 3.8 per cent just from December to January to $486,654, according to CREA.

Resale activity was down in more than half of all local markets in January, led by declines in Greater Toronto and Montreal, the two largest city areas, CREA said. It added that "demand also softened in a number of other major urban centres including the Fraser Valley (British Columbia), Calgary, Edmonton, Winnipeg, Ottawa and Greater Vancouver."

In Toronto, the bidding wars have largely given way to a market where houses sit longer and sell for closer to their asking price, said Richard Silver, president of the Toronto Real Estate Board. But hot neighbourhoods

Low Inventories Cooling Housing Market And In Toronto?25 FEBRUARY 2012

GTA REALTORS INTRODUCE MLS® ® HOME PRICE INDEX

TORONTO, February 3, 2012 – Greater Toronto REALTORS® reported 4,567 sales through the TorontoMLS® system in January 2012. This number was 8.8 per cent higher than the 4,199 sales reported in January 2011. Sales growth was strongest for low-rise home types in the regions surrounding the City of Toronto.

“A favourable affordability picture bolstered by very low posted fixed mortgage rates has kept home buyers confident in their ability to achieve the Canadian goal of home ownership,” said Toronto Real Estate Board President Richard Silver. “The buyer pool remains diverse in the GTA with strong interest in home types across the pricing spectrum,” continued Silver.

The average selling price for January 2012 transactions was $463,534 – up by almost nine per cent compared to January 2011.

“Low inventory levels have kept competition between buyers strong, resulting in robust annual rates of price

GTA REALTORS MONTHLY MARKET® RELEASE FIGURES

TorontoMLS® Sales & Average Price By Home Type

January 1 -

31, 2012

Sales

Average Price

416

905

Total

416

905

Total Detached 559 1,577 2,136 743,993 530,129 586,098

Yr./Yr. % Change 9% 15% 13% 15% 5% 8%Semi-Detached 157 336 493 526,599 377,456 424,952

Yr./Yr. % Change -5% 16% 8% 6% 11% 7%Townhouse 194 531 725 410,129 340,957 359,467

Yr./Yr. % Change

10%

19%

16%

7%

10%

9%Condo Apartment 775 351 1,126 343,835 272,103 321,475

Yr./Yr. % Change -2% 1% -1% 5% 7% 5%

growth over the last year. Strong price growth is expected to attract more listings. A better supplied market should result in a slower rate of price growth, especially in the second half of 2012,” said Jason Mercer, the Toronto Real Estate Board's Senior Manager of Market Analysis.

Summary of TorontoMLS® Sales and Average Price

January 1 - 31

2012 2011

Sales Average Price Sales Average Price

City of Toronto ("416") 1,705 $499,045 1,677 $446,458

Rest of GTA ("905") 2,862 $442,380 2,522 $412,000

GTA 4,567 $463,534 4,199 $425,762

6

25 FEBRUARY 2012 MONEYDREAMS &

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MONEYDREAMS & 25 FEBRUARY 2012

Crude oil advances continuously, which may be a worry some factor for recovery of USA and Europe. However positive economic news and data also kept New York indexes little changed

All these developments lifted TSX and Canadian dollar. The TSX energy sector was up 0.19%. Metal prices also advanced amid speculation. Bullion prices pulled back as the April contract shed $9.90 to US$1,776.40 an ounce.

Over all TSX’s journey in the north continues

TSX trend Feb 10, 2012 to Feb 23,2012

DM:

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What is specialty about Portfolio Management Services?

How will be the amount invested or in what way invest-ment would be made?

What kind of services are provided by India Finance Bazaar.com

Describe or Explain the fund allocation

Who are all the beneficiaries of services provided by India Finance Bazaar.com

What would be charges for portfolio management services?

How does Portfolio Management Services works?

ŸStructure / design the portfolio depending on the specific require-ment of the investor

ŸAscertain fund allocation based on the above

ŸAssist and guide to open a demat account, trading account and bank account

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ŸMonitor continuously

It is designed and managed by experience professionals and monitored continuously on request or need. Portfolio can also be structured based on client's preference and tailor made portfolio can also be made on specific needs. Portfolio structure can be made for single investment or for regular monthly investment / systematic investment. In case of SIP, portfolio weight age would be maintained only at the end of year / completion of invest-ment schedule

The following is Indicative fund allocation portfolio.

Exchange Traded Funds 20%

Gold 20%

Silver 15%

Mutual Funds 10%

NCD/Debt /bonds 15% The company provides professional Advisory services, Direct Equity Market 20%designing and managing Investment Total 100%Portfolio, Real time training to become independent and successful investor and other advisory services related to managing personal finance.

Ÿ Exchange Traded funds are buying a basket of securities listed on various exchange. Tax efficiency, low cost and stock-like characteristics make

The company provides ETFs a highly attractive investment services to all individuals, companies, option. It exposed to market risk, NRI, QFI and Foreign Individuals however it moves along with the

direction of the market.

Ÿ Gold is the obvious choice as a The company charges 2%on safe investment haven at the time of

portfolio value (one time charge)or global depression and economic Rs2500, whichever is higher to structure slowdown. Nowadays, gold investment your portfolio. It will also be charging can be made in various forms such as 0.25% per month on portfolio managed physical gold, gold accounts, future by the company. products, gold ETF, e-gold etc. Gold is

the only investible asset that has remained upbeat. Gold is a hedge against the dollar and inflation.

Ÿ Investing in e-silver also seen as ŸCollect basic information about safer options today since they are not the investor such as name, age, affected by inflation and other eco-dependent, their income, expenses nomic risks. In recent terms, silver etcmoves faster than gold as it is used in ŸFind out the financial goal of the automobile industry. Indian govern-investorment made silver available in smaller

ŸObtain the current financial denomination of 100 grams and its

position of the investor

multiple, benefiting investors to put plantheir small savings into the white ŸPeriod 36 monthsmetal.Investment in gold and silver

ŸEffective yield rate is 20%may yield average return of 10-15% p.a

ŸMaturity Amount is INR Ÿ Investments in mutual funds are 4,34,276/-

considered as important in order to ŸNo Market Risk will be passed on diversify money into different assets.

to youInvestment in mutual funds enables ŸFunds Managed by our Team diversification, liquidity, reduction in

Memberscosts, tax exemption and professionally managed by experienced persons ŸCompulsory Lock in period 36

monthsŸ Finances are tricky. Bonds and debentures are the best option for a ŸNo other Extra Chargessecure investment. Bonds are suitable ŸSeparate Fund Management for regular income purposes. In times agreement will be executed.of falling inflation, the real rate of return remains high, but bonds do not offer any

ŸCopy of Pan card

ŸBank account Statement

ŸAddress proof – Indian and abroad

ŸID proof

ŸCancelled cheque leafprotection if prices are rising. ŸCopy of pass port Ÿ Indian economy is growing fast. Documents required for NRI clients To enjoy the fruits of such growth, (Repatriation) investment in direct equity market is

made. Stock market is the actual place, ŸCopy of Pan cardwhere the wealth is created. History has ŸBank account Statementproven stock investment in the long run

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ŸAbroad address proof inflation.ŸID proof

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Documents required for NRI clients ( Non repatriation)

We manage your Fund ondiscretionary basis

How To Be Part Of Growing Indian Economy?Shekar .M explains lucidly in this interview all that and more to invest in India. Read on.

Source : Yahoo Finance

TSX trend Jan 1, 2012 to Feb 23,2012

TSX's in 2012 North Journey continues

8

WEEK ENDED 24TH FEBRUARY 2012

WEEK ENDED 17.2.2012

dropped sharply in the face of the euro-area debt crisis. The PMI, the earliest European stock markets declined on indicator of China's industrial activity, weak economic data. Asian markets rose to a four-month-high at 49.7 in were mixed amid concerns over February from 48.8 in January. Europe's Greek aid deal and higher oil 23.2.2012.prices. US stocks finished mostly higher

Oil advanced on signs of economic on Tuesday after European officials recovery from the US to Germany and agreed to another round of aid for concern escalating tension with Iran Greece. However, US stocks edged threatens crude supplies.lower on Wednesday, bringing a three-

session run of gains to an end, after a weak survey of euro-zone manufactur-

Asia markets started the week with ing reminded investors that Europe's positive trend as the Greek Parliament troubles haven't ended with this week's passed austerity measures required to aid deal for Greece. U.S. shares secure fresh aid funds and avert an advanced on Thursday as better-than-impending default. Greece needs the aid expected jobs and home-price data to make a 14.5 billion-euro bond buoyed sentiment. European stocks payment on 20 March. US stocks edged higher on Friday, with banks and recouped on Tuesday on improvement oil stocks leading gains. Most Asia in retail sales. US stocks fell on markets rose in a choppy session on Wednesday after the release of minutes Friday, extending their recent strong of the Federal Reserve's meeting last gains, on strong US economic data. month showed policy makers were

European finance ministers have divided on additional asset purchases to

agreed the terms of on a second bailout spur economic growth. On Thursday

deal for Greece. Greece is expected to US shares settled near four-year highs

have a debt-to-GDP ratio of just over on strong US economic data. European

120% by 2020. Greek bondholders will and Asian stocks dropped Thursday

take a final haircut of more than 53%. with investor sentiment hit by further

Private-sector activity across the 17- hurdles in the Greek bailout deal and by nation euro zone contracted unexpect- the prospects of more ratings down-edly in February, the index declined to grades for the region's financial institu-49.7 from 50.4 in January. A reading of tions. However, at the end of the week less than 50 indicates a contraction in Asian markets rose on positive US activity. China's manufacturing sector markets as lower US jobless report contracted in February for the fourth outweighed concern about Greek debt straight month as new export orders problems.

news from Greece.

Euro-zone finance ministers held off on approving a fresh trance of aid for Greece late the prior day. Greek political leaders clinched a deal on severe austerity measures and reforms indis-pensable for a second international Gross domestic product across the bailout in two years, but the country's 17-nation euro zone contracted by 0.3% global lenders demanded more steps in the final three months of 2011 and a parliamentary seal of approval compared to the previous quarter. before providing any aid. This program Japan's economy shrank a bigger-than-accompanies the new loan agreement to expected 0.6% in October-December, finance Greece with 130 billion euros. hurt by slowing global growth, Thai But, European finance ministers refused floods and a strong yen, casting doubt to sign off on a second aid package for about expectations that growth will Greece until the parliament approved resume this quarter as Europe's debt the austerity undertakings and eco-crisis clouds the outlook. nomic reforms. The ministers are Rating agency Standard & Poor's scheduled to meet next Wednesday and downgraded 34 of 37 Italian banks are expected to approve rescue funds citing a reduced ability to roll over their provided Greece had taken the neces-wholesale debt and expected weak sary steps. profitability. S&P said weak profitabil-

The Bank of England kept rates ity and increased cost of capital could steady but expanded the size of its QE lead Italian banks to write down a large program on Thursday. China's trade part of the goodwill they booked during shrank in January from a year earlier; a wave of industry consolidation over imports sank 15.3 percent in January the past decade. Rating agency Moody's versus January 2011, the lowest since chopped the debt ratings of Italy, Spain August 2009 while exports fell 0.5 and Portugal and put France, Britain and percent over the same period, the worst Austria on warning, saying they were showing since November 2009. It left increasingly vulnerable to the eurozone China with a trade surplus of $27.3 crisis. billion in January; it's biggest in six Euro-zone finance ministers will months and confounding expectations reportedly take a final decision on the of a further narrowing. Japan's core second bailout package for Greece at machinery orders, considered a key their meeting in Brussels on Monday 20 leading economic indicator, fell 7.1% in February 2012. Investors will closely December compared to a year earlier. watch developments in oil rich Iran. South Korea's central bank kept its key rate on hold at 3.25% for an eighth straight month on Thursday.

US markets, European and Asian markets declined on first day on concerns Greece may be unable to avoid a chaotic default as it struggles to reach terms on a new bailout package. Then, US markets rose as job openings rose in America and as the Federal Reserve kept to its low-rate stance. Asian markets traded with mixed trend during the week and European markets continued its decline trend tracking the

WEEK ENDED 10TH FEBRUARY 2012

Week -24thFebruary 2012

WEEK - 17THFEBRUARY 2012

Life Insurance Corporation of India (LIC)/mutual funds.

The finance minister will present the Indian market declined during the annual budget for 2012/13 on 16 March

week on profit booking by investors 2012, while the railways budget will be after recent rally. Concern over raising presented on 14 March 2012. Budget crude prices also weighed on sentiment. expectations may keep share prices However, more inflows from foreign volatile in the near term. Reports investors had supported the market from indicate that the finance ministry is further decline. India imports about considering a proposal to increase 80% of its total oil consumption and the excise duty from 10% to 12% in Union rise in prices could worsen a widening Budget 2012-13. Following the eco-trade deficit. Sensex declined 2% to nomic slowdown, that became promi-17923.57 and Nifty declined by 2.43% nent in September 2008, the govern-to 5429.30. The primary market saw ment had provided fiscal stimulus, revival after a long time with IPO of including cut in excise duty, to provide a MCX (Multi commodity exchange) cushion to the domestic industry. As the receiving an overwhelming response. government is faced with widening Inflation based on the consumer price fiscal deficit, there are apprehensions in index (CPI) rose 7.65% in January the industry that excise duty may be 2012. The annual CPI data measures hiked in the Budget. Investors will look retail prices in major food groups, fuel, for a possible road-map for implementa-clothing, housing and education across tion of the Good and Services tax in rural and urban India. Union Budget. Another pending tax

Market may trade with volatile trend reform is the Direct Tax Code. Although in the forth coming week on Budget the government is unlikely to introduce expectations. Automobile and cement the DTC from 1 April 2012, as planned shares will be in focus in the near term as earlier, it may incorporate some of the companies from these two sectors start provisions of the proposed law in Union unveiling monthly sales volume data for Budget. February 2012 from Thursday, 1 March 2012. HSBC's manufacturing purchas-ing managers' index (PMI), which indicates the health of the manufactur- Indian Market rallied during the ing sector will be out on Thursday, 1 week on sustained buying by foreign March 2012. The board of directors of investors. Inflation easing to 26 months state-run Bank of Baroda meets on low and strong global markets also Monday, 27 February 2012, to consider supported the trend. The wholesale preferential issue of equity shares to price index rose a slower-than-expected

6.55% in January 2012 from 7.47% rise trade deficit of $14.7 billion. India's in December 2011. Sensex hit 28 and exports reached $242.8 billion between half weeks high and Nifty hit 29 weeks April and January. As per recent high. Sensex up by 3.05% to 18289.35 Government forecast Indian economy is and Nifty up by 3.39% to 5564.30 in the estimated to grow 6.9% in the current week ended 17th February 2012 fiscal year through March 2012 sharply

slower than the 8.4% expansion reported last year, due to weaker growth in manufacturing and farm output

Indian Market rallied consecutively Making money in a volatile market for the sixth week on sustained buying and becoming a successful investor is a by FII. Market rose in three out of five tough job. We understand the real trading days. However, profit booking market situation and provide profes-weighed on the rally. Disappointing sional and practical training to become industrial production data released on independent investor. We offer short the last trading day also weighed on term and long term courses depending sentiment. Sensex rose 0.82% to up on the requirement of individuals 17748.69 and Nifty rose 1.04% to through on line as well as off line. We 5381.60 also offer professional advisory services

and manage investment portfolio to Industrial production rose a slower-achieve the financial goal and better than-expected 1.8% in December 2011, wealth creation for future generation.which was sharply lower than 5.9%

For more details send your information to g r o w t h i n N o v e m b e r 2 0 1 1 . Manufacturing output rose 1.8% from a

oryear earlier, India's January exports rose call or visit

10.1% to $25.4 billion while imports rose 20.3% to $40.1 billion, leaving a

Week -10thFebruary 2012

shekarm@indiafinancebazaar.com

shekarm@ifmaonline.com09380034431/ 9962534431

www.indiafinancebazaar.com www.ifmaonline.com

M.Shekar

GLOBAL MARKET WEEKLY REVIEW

Indian Market Review OutlookWeekly And

25 FEBRUARY 2012 MONEYDREAMS &

9

25 FEBRUARY 2012 MONEYDREAMS & STORY TIME / GREAT SPEECHong years ago we made a tryst with destiny, and now the time L

comes when we shall redeem our pledge, not wholly or in full measure, but very substantially.

At the stroke of the midnight hour, when the world sleeps, India will awake to life and freedom. A moment comes, which comes but rarely in history, when we step out from the old to the new, when an age ends, and when the soul of a nation, long suppressed, finds utterance.

It is fitting that at this solemn moment we take the pledge of dedica-tion to the service of India and her people and to the still larger cause of humanity.

At the dawn of history India started on her unending quest, and trackless centuries are filled with her striving and the grandeur of her success and her failures. Through good and ill fortune alike she has never lost sight of that quest or forgotten the ideals which gave her strength. We end today a period of ill fortune and India discovers herself again.

The achievement we celebrate today is but a step, an opening of opportunity, to the greater triumphs and achieve-ments that await us. Are we brave enough and wise enough to grasp this opportunity and accept the challenge of the future?

Freedom and power bring responsi-tear from every eye. That may be bility. The responsibility rests upon this beyond us, but as long as there are tears assembly, a sovereign body represent-and suffering, so long our work will not ing the sovereign people of India. be over.Before the birth of freedom we have

endured all the pains of labour and our And so we have to labour and to hearts are heavy with the memory of this work, and work hard, to give reality to sorrow. Some of those pains continue our dreams. Those dreams are for India, even now. Nevertheless, the past is over but they are also for the world, for all the and it is the future that beckons to us nations and peoples are too closely knit now. together today for anyone of them to

imagine that it can live apart.That future is not one of ease or resting but of incessant striving so that Peace has been said to be indivisible; we may fulfil the pledges we have so so is freedom, so is prosperity now, and often taken and the one we shall take so also is disaster in this one world that today. The service of India means the can no longer be split into isolated service of the millions who suffer. It fragments.means the ending of poverty and To the people of India, whose ignorance and disease and inequality of representatives we are, we make an opportunity. appeal to join us with faith and confi-

The ambition of the greatest man of dence in this great adventure. This is no our generation has been to wipe every time for petty and destructive criticism,

this message and bear the imprint in their hearts of this great son of India, magnificent in his faith and strength and courage and humility. We shall never allow that torch of freedom to be blown out, however high the wind or stormy no time for ill will or the tempest.blaming others. We have

to build the noble Our next thoughts must be of the mansion of free India unknown volunteers and soldiers of where all her children freedom who, without praise or reward, may dwell. have served India even unto death.

The appointed day We think also of our brothers and has come - the day sisters who have been cut off from us by appointed by destiny - political boundaries and who unhappily and India stands forth cannot share at present in the freedom again, after long slumber that has come. They are of us and will and struggle, awake, remain of us whatever may happen, and vital, free and independ- we shall be sharers in their good and ill ent. The past clings on to fortune alike.us still in some measure The future beckons to us. Whither do and we have to do much we go and what shall be our endeavour? before we redeem the To bring freedom and opportunity to the pledges we have so often common man, to the peasants and taken. Yet the turning workers of India; to fight and end point is past, and history poverty and ignorance and disease; to begins anew for us, the build up a prosperous, democratic and history which we shall progressive nation, and to create social, live and act and others economic and political institutions will write about. which will ensure justice and fullness of

It is a fateful moment life to every man and woman.for us in India, for all We have hard work ahead. There is Asia and for the world. A no resting for any one of us till we new star rises, the star of redeem our pledge in full, till we make freedom in the east, a all the people of India what destiny new hope comes into intended them to be.being, a vision long We are citizens of a great country, on

cherished materialises. May the star the verge of bold advance, and we have never set and that hope never be to live up to that high standard. All of us, betrayed! to whatever religion we may belong, are

We rejoice in that freedom, even equally the children of India with equal though clouds surround us, and many of rights, privileges and obligations. We our people are sorrow-stricken and cannot encourage communalism or difficult problems encompass us. But narrow-mindedness, for no nation can freedom brings responsibilities and be great whose people are narrow in burdens and we have to face them in the thought or in action.spirit of a free and disciplined people. To the nations and peoples of the

On this day our first thoughts go to world we send greetings and pledge the architect of this freedom, the father ourselves to cooperate with them in of our nation, who, embodying the old furthering peace, freedom and democ-spirit of India, held aloft the torch of racy.freedom and lighted up the darkness that And to India, our much-loved surrounded us. motherland, the ancient, the eternal and

We have often been unworthy the ever-new, we pay our reverent followers of his and have strayed from homage and we bind ourselves afresh to his message, but not only we but her service. Jai Hind [Victory to India]. succeeding generations will remember

Time to get connected to your inner self.

Stories attract people’s attention. People love to listen to stories. A great story-teller can always attract audience.

Story telling isn’t just for children. It’s vital to every profession. Storytelling is a universal language and a core-skill for all presenters. Investors may be more likely to fund a company with an inspiring story. Customers may be more compelled to buy from an entrepreneur. Straight facts are forgettable and boring. Stories compel the audience to listen actively and they can subtly pesuade them. Often no one takes a position to argue against.

Through stories you can build not only a connection with yourself inwardly but also with others. Through this connection, you’ll build confidence, rapport and trust. These are the qualities that make you to grow and influence others. Honesty is part of story telling.

Simply, for us at Dreams & Money, it is a holistic learning solution that could close the literary achievement gap between schools, communities and families.

This speech was delivered to the ConstituentAssembly of India in New Delhi on August 14 1947

A WITH TRYST DESTINY

Jawaharlal Nehru

Peace in ourselves, peace in the world.

-Thich Nhat Hanh

The root of ALL suffering is desire.

-Buddha

What you usually call your happiness is actually your chain: Your job, your home, your possessions...

-Anthony de Mello

True happiness is caused by nothing. True happiness is causeless. Has it ever occurred to you that if something causes your happiness, you will become possessive of that thing. You will become anxious, lest you lose it. If you ask the mystic why he or she is happy, the answer will be, ‘why not?’

-Anthony De Mello