Often, individuals sign up for investment products just by looking at absolute numbers. “Double Your Money” or “Triple Your Money” are some of the best hooks to make someone write the cheque. Such an approach creates an optical illusion for the investor. However, it may not be the best thing to do unless you get into the details. An investor should first ascertain the compounded annual growth rate to figure out if he is being compensated for the risks he takes.This should best be understood with an example. We are always told to invest with a long-term view. Many people come across offers of doubling or tripling their money over a period of time. Say, invest Rs 1 lakh and get Rs 4 lakh after 20 years. Here you are being offered 300 percent returns over 20 years. Optically, it looks good. The only problem is, if you calculate returns this way, you will earn 300% returns in 20 years, 10 years or even four years. The reason why this 300 percent return is optical … [Read more...] about Use compounded growth rate, not absolute return, to gauge investments
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Ever noticed a tightrope walker? You could easily notice one at fairs in India, especially in villages. Sometimes, even carefully balancing a pot on his/her head and holding a stick to help maintain balance as he/she treads gingerly from one end of the rope to another.It’s a high risk game! Fall and risk a fracture or break a limb. Reach the other end and earn admiration. You need nerves to even watch it.Buying unlisted shares available in a distress sale is akin to a tightrope walk. Whether you simply buy the shares of unlisted companies that its existing investors want to sell or from an alternate investment fund (AIF) that investors wish to exit midway, or even shares held by employees — these are some of the opportunities that could prop up time and again.Close If you’re vigilant, patient and have the money to spare there could be a fortune. But there’s no guarantee that you’ll make money here. And that is not just the only risk … [Read more...] about Buying unlisted shares and AIF units a tightrope walk, retail investors should stay away
If Todrick Hall has ever unfollowed you, don’t take it personally. advertisement advertisement The former American Idol contestant has become one of YouTube’s preeminent talents with his glossy productions of song mashups and film parodies. Just last year, Hall hit a major creative milestone with Straight Outta Oz, a feature-length, original musical blending his personal life with The Wizard of Oz. The album peaked No. 2 on the iTunes pop cart (second only to Beyoncé’s Lemonade) and spawned a nationwide tour–all of which is detailed in his new documentary Behind the Curtain. Despite writing a chart-topping album, building a YouTube presence with nearly 3 million subscribers, having starring roles in Broadway’s Kinky Boots and Chicago, and being a recurring judge on RuPaul’s Drag Race, Hall still finds himself riddled with artistic doubt, which can sometimes lead to a social media purge. “As performers, sometimes we can be so … [Read more...] about Todrick Hall Invites You “Behind The Curtain” Of His Dizzying Hustle
Nostalgia and pride are powerful motivators for philanthropy, which are how college endowments at the nation’s elite universities got as large as they are today. While thinking back fondly of your alma mater is common enough, now an ambitious new fundraising initiative is testing whether the same attitudes be harnessed to raise money for an institution that needs the cash even more: the New York City housing projects. advertisement advertisement “I take great pride in the fact that I’m a wonderful American dream story,” says Jeff Levine, a wealthy real estate developer who lives on Long Island with his wife and kids–a far cry from where he grew up. Recently, he got to take his children on a field trip to his stomping grounds as a child: his old apartment at Linden Houses in Brooklyn’s East New York neighborhood. Public housing is very different today than it was in the late 1950s and early 1960s when Levine resided there. At the time, … [Read more...] about Will Housing Project “Alumni” Give Back To A Crumbling System?
The Trump administration’s efforts to deregulate industry, enforce Muslim bans, oppose abortion, and deny climate change have inspired a new charitable term. It’s dubbed “rage philanthropy”–when you’re giving is aimed at protecting whatever basic rights and values the president trivializes. advertisement advertisement Here’s one example: When Trump announced his Muslim travel ban in late January, rage philanthropists countered by donating $24 million to the ACLU in a single weekend, a sum that grew to $79 million during the first three months after the inauguration, according to Newsweek. There are plenty of others. After Trump’s first 100 days in office, nonprofit evaluator Charity Navigator reported a huge increase in donations to progressive groups including the ACLU (up 8,000%), Southern Poverty Law Center (up 1,400%) and Planned Parenthood (up 1,000%) along with the American Refugee Committee and Environmental … [Read more...] about Philanthropy In 2017 Saw The Rise Of Trump-Powered Giving