Ben Bernanke expressed economic uncertainty which contributed to stock market declines. Some investors sought commodities as a hedge against inflation. While commodities can be purchased directly, most investors access commodities through funds or ETFs. However, many of these funds have high costs or other issues. An S&P 500 index fund provides significant indirect exposure to commodities through companies in the energy and materials sectors, avoiding the additional costs of direct commodity investments or commodity funds. Approximately 22% of an S&P 500 fund's market capitalization comes from commodity-related companies.
The domestic stock markets opened positively and remained range-bound for most of the day, fluctuating around the 5400 resistance level for the Nifty index. While pressure caused a sharp fall in the afternoon, markets bounced back in the last hour to close with modest gains near the daily highs. Technically, positive market breadth and higher volumes were encouraging signs, though global cues were negative and concerns remain about sustaining gains above 5400. Support levels are at 5327, 5161 and 5037, with resistance at 5400, 5681 and 5728.
El documento propone varias medidas para ahorrar energía como instalar placas solares, usar bombillas de bajo consumo, apagar dispositivos cuando no se usen, optar por calefacción de gas en lugar de eléctrica, y mantener una temperatura moderada en el hogar mediante el uso de sensores de movimiento y aire acondicionado evaporativo.
El documento habla sobre el conocimiento de los derechos y deberes de las personas en la sociedad, incluyendo sus derechos y deberes en la vida personal y en las relaciones con los demás. También menciona la importancia del aprecio de las artes, el ejercicio físico y el cuidado de la salud.
A comunidade do Sr. Bom Jesus convida a todos para participarem da Celebração de Acolhida à Iniciação à Vida Cristã dos novos catequisandos no dia 6 de maio às 9 horas na Igreja do Sr. Bom Jesus no Km 9.
El documento describe el amor como un misterio que todos hemos sentido. Explica que el amor no es algo que queramos sentir, sino que sentimos sin querer. Además, señala que el amor puede doler a pesar de que nos hace felices, y que romper el amor con alguien nos cuesta reponernos.
The domestic stock markets opened positively and remained range-bound for most of the day, fluctuating around the 5400 resistance level for the Nifty index. While pressure caused a sharp fall in the afternoon, markets bounced back in the last hour to close with modest gains near the daily highs. Technically, positive market breadth and higher volumes were encouraging signs, though global cues were negative and concerns remain about sustaining gains above 5400. Support levels are at 5327, 5161 and 5037, with resistance at 5400, 5681 and 5728.
El documento propone varias medidas para ahorrar energía como instalar placas solares, usar bombillas de bajo consumo, apagar dispositivos cuando no se usen, optar por calefacción de gas en lugar de eléctrica, y mantener una temperatura moderada en el hogar mediante el uso de sensores de movimiento y aire acondicionado evaporativo.
El documento habla sobre el conocimiento de los derechos y deberes de las personas en la sociedad, incluyendo sus derechos y deberes en la vida personal y en las relaciones con los demás. También menciona la importancia del aprecio de las artes, el ejercicio físico y el cuidado de la salud.
A comunidade do Sr. Bom Jesus convida a todos para participarem da Celebração de Acolhida à Iniciação à Vida Cristã dos novos catequisandos no dia 6 de maio às 9 horas na Igreja do Sr. Bom Jesus no Km 9.
El documento describe el amor como un misterio que todos hemos sentido. Explica que el amor no es algo que queramos sentir, sino que sentimos sin querer. Además, señala que el amor puede doler a pesar de que nos hace felices, y que romper el amor con alguien nos cuesta reponernos.
El documento es una declaración jurada de un solicitante a un programa de intercambio en los Estados Unidos. El solicitante declara que se encuentra en buenas condiciones físicas y mentales para participar en el programa, que nunca ha sido deportado de los Estados Unidos, y que acepta las reglas y resultados del proceso de selección. También afirma que los datos y documentos presentados son veraces y están disponibles para las autoridades, y se compromete a cumplir con el programa y permanecer en el país solo para las visitas programadas.
La encuesta sobre los criterios de los consumidores al hacer compras encontró que el 70% considera la relación entre precio y calidad, mientras que el precio y la calidad individualmente solo representan el 10% y 20% respectivamente. La investigación sobre los residuos en la basura mostró que aunque la materia orgánica representa el 55% del peso, los plásticos representan el 35.3% del volumen debido a su baja densidad.
El documento presenta el calendario de actividades de la semana del 23 al 29 de abril de 2012 de la escuela AIP. Incluye eventos como reuniones sociales los lunes y martes, salidas al río y bares los miércoles, teatro los jueves, ferias y tutorías los viernes, excursiones los sábados y cine los domingos. Las actividades son diversas y buscan mejorar el español de los estudiantes de forma entretenida.
Este documento describe diferentes tipos de virus informáticos como caballos de Troya, gusanos, virus de macros, virus falsos, bombas, virus residentes, virus mutantes y más. Explica brevemente las características y funciones de cada tipo de virus. También cubre diferentes tipos de antivirus y sus usos para detectar y eliminar virus.
Este documento é um relatório de uma atividade de um curso sobre tecnologia na educação. O relatório foi feito por Glaucia Botelho, que atua como coordenadora pedagógica, para a Unidade 1 do curso sobre mapeamento conceitual da relação entre tecnologia, sociedade e escola em 19 de março de 2012.
O documento fornece detalhes sobre um artigo publicado em 12 de abril de 2027 na página 50 de um jornal português com tiragem de 36.552 exemplares, contendo informações gerais.
La ingeniería de sistemas es una disciplina interdisciplinaria que permite estudiar y comprender sistemas complejos mediante un enfoque sistémico. Integra múltiples disciplinas para desarrollar sistemas de manera estructurada, aunque no produce productos físicos sino sistemas abstractos con metodologías de la ciencia de sistemas y el apoyo de otras disciplinas para su implementación tangible.
Este documento contiene cuatro tablas que resumen las transacciones financieras de una empresa. La primera tabla muestra los aportes de socios por $200,000 y el arrendo adeudado por $40,000. La segunda tabla registra una compra de materia prima por $50,000. La tercera tabla detalla el pago de arrendo por $80,000. La cuarta tabla indica el pago de servicios públicos por $30,000.
WORKSHOP "Flora Amazónica: Sistemática, Ecología y Aspectos Forestales"jecarrerag
Este documento describe un taller sobre la flora amazónica que incluye temas sobre morfología vegetal, nomenclatura vegetal, aplicaciones de la sistemática en aspectos forestales e inventarios, y una introducción a la flora amazónica. El taller es dirigido a estudiantes y profesionales relacionados a las ciencias naturales. El pago da derecho a refrigerio, certificado, materiales y transporte. Se ofrecerán 2 becas totales y 2 parciales.
Securities Lending Times Article 2012.05.15 (Th)thalikias
Thomas Halikias of Saratoga Capital looks at single stock futures and their usage in securities financing. Single stock futures can be used to finance long equity positions or lend underlying stocks, and offer benefits over traditional OTC products like improved capital requirements and price transparency. While initially seen as speculative, single stock futures are actually sophisticated financing instruments that provide benefits to international holders of US equities by reducing dividend withholding tax exposure.
- Single stock futures can be used for financing long equity positions or lending stocks, providing an alternative to traditional over-the-counter markets. They offer benefits like reduced counterparty risk due to clearing by the AAA-rated OCC and a diverse group of market participants.
- Using single stock futures can significantly reduce firms' US dividend withholding tax exposure by financing high-yielding US equities. It also aligns with the intent of the 2010 Dodd-Frank Act.
- While initially met with skepticism, clients understand the benefits of single stock futures for trading, risk management, and capital requirements once misconceptions are clarified.
The document discusses the importance of culture for organizations like Shell. It provides three key points:
1) Examples are given of how culture and behaviors have significantly impacted Shell's performance. Culture can enable or undermine even the best strategies.
2) The role of finance is discussed as balancing controls with trust and enabling business performance management.
3) Views are presented that culture and behaviors do not receive enough attention in trainings at Shell, and that neither a good strategy carried out poorly due to culture nor a poor strategy embraced by culture are ideal outcomes. The optimal situation balances strategic and cultural factors.
The document discusses Shell's operations across the energy supply chain from upstream exploration and production through midstream transportation and downstream manufacturing and sales. It provides overviews of Shell's activities in upstream oil and gas extraction, midstream pipeline transportation of crude oil and natural gas, and downstream refining and petrochemical production. It also identifies supplier opportunities in areas like equipment, services, infrastructure, and logistics across the different segments of the energy supply chain.
Deepwater Energy Conference (DEC)2018 was held in Haikou, China. This event featured a dynamic group of speakers who discussed how deepwater technologies unlock new resources and develop in different ways. For additional details see: http://www.decchina.cn/en
The document discusses IBM Rational's joint product roadmap following their acquisition of Telelogic in April 2008. It outlines guiding principles for the roadmap including protecting customer investments and supporting existing revenue. An overview of the portfolio is provided focusing on enterprise architecture. High-level directions are given for enterprise architecture, emphasizing defining architectural vision, refining business and information systems architectures, and governing architecture.
El documento es una declaración jurada de un solicitante a un programa de intercambio en los Estados Unidos. El solicitante declara que se encuentra en buenas condiciones físicas y mentales para participar en el programa, que nunca ha sido deportado de los Estados Unidos, y que acepta las reglas y resultados del proceso de selección. También afirma que los datos y documentos presentados son veraces y están disponibles para las autoridades, y se compromete a cumplir con el programa y permanecer en el país solo para las visitas programadas.
La encuesta sobre los criterios de los consumidores al hacer compras encontró que el 70% considera la relación entre precio y calidad, mientras que el precio y la calidad individualmente solo representan el 10% y 20% respectivamente. La investigación sobre los residuos en la basura mostró que aunque la materia orgánica representa el 55% del peso, los plásticos representan el 35.3% del volumen debido a su baja densidad.
El documento presenta el calendario de actividades de la semana del 23 al 29 de abril de 2012 de la escuela AIP. Incluye eventos como reuniones sociales los lunes y martes, salidas al río y bares los miércoles, teatro los jueves, ferias y tutorías los viernes, excursiones los sábados y cine los domingos. Las actividades son diversas y buscan mejorar el español de los estudiantes de forma entretenida.
Este documento describe diferentes tipos de virus informáticos como caballos de Troya, gusanos, virus de macros, virus falsos, bombas, virus residentes, virus mutantes y más. Explica brevemente las características y funciones de cada tipo de virus. También cubre diferentes tipos de antivirus y sus usos para detectar y eliminar virus.
Este documento é um relatório de uma atividade de um curso sobre tecnologia na educação. O relatório foi feito por Glaucia Botelho, que atua como coordenadora pedagógica, para a Unidade 1 do curso sobre mapeamento conceitual da relação entre tecnologia, sociedade e escola em 19 de março de 2012.
O documento fornece detalhes sobre um artigo publicado em 12 de abril de 2027 na página 50 de um jornal português com tiragem de 36.552 exemplares, contendo informações gerais.
La ingeniería de sistemas es una disciplina interdisciplinaria que permite estudiar y comprender sistemas complejos mediante un enfoque sistémico. Integra múltiples disciplinas para desarrollar sistemas de manera estructurada, aunque no produce productos físicos sino sistemas abstractos con metodologías de la ciencia de sistemas y el apoyo de otras disciplinas para su implementación tangible.
Este documento contiene cuatro tablas que resumen las transacciones financieras de una empresa. La primera tabla muestra los aportes de socios por $200,000 y el arrendo adeudado por $40,000. La segunda tabla registra una compra de materia prima por $50,000. La tercera tabla detalla el pago de arrendo por $80,000. La cuarta tabla indica el pago de servicios públicos por $30,000.
WORKSHOP "Flora Amazónica: Sistemática, Ecología y Aspectos Forestales"jecarrerag
Este documento describe un taller sobre la flora amazónica que incluye temas sobre morfología vegetal, nomenclatura vegetal, aplicaciones de la sistemática en aspectos forestales e inventarios, y una introducción a la flora amazónica. El taller es dirigido a estudiantes y profesionales relacionados a las ciencias naturales. El pago da derecho a refrigerio, certificado, materiales y transporte. Se ofrecerán 2 becas totales y 2 parciales.
Securities Lending Times Article 2012.05.15 (Th)thalikias
Thomas Halikias of Saratoga Capital looks at single stock futures and their usage in securities financing. Single stock futures can be used to finance long equity positions or lend underlying stocks, and offer benefits over traditional OTC products like improved capital requirements and price transparency. While initially seen as speculative, single stock futures are actually sophisticated financing instruments that provide benefits to international holders of US equities by reducing dividend withholding tax exposure.
- Single stock futures can be used for financing long equity positions or lending stocks, providing an alternative to traditional over-the-counter markets. They offer benefits like reduced counterparty risk due to clearing by the AAA-rated OCC and a diverse group of market participants.
- Using single stock futures can significantly reduce firms' US dividend withholding tax exposure by financing high-yielding US equities. It also aligns with the intent of the 2010 Dodd-Frank Act.
- While initially met with skepticism, clients understand the benefits of single stock futures for trading, risk management, and capital requirements once misconceptions are clarified.
The document discusses the importance of culture for organizations like Shell. It provides three key points:
1) Examples are given of how culture and behaviors have significantly impacted Shell's performance. Culture can enable or undermine even the best strategies.
2) The role of finance is discussed as balancing controls with trust and enabling business performance management.
3) Views are presented that culture and behaviors do not receive enough attention in trainings at Shell, and that neither a good strategy carried out poorly due to culture nor a poor strategy embraced by culture are ideal outcomes. The optimal situation balances strategic and cultural factors.
The document discusses Shell's operations across the energy supply chain from upstream exploration and production through midstream transportation and downstream manufacturing and sales. It provides overviews of Shell's activities in upstream oil and gas extraction, midstream pipeline transportation of crude oil and natural gas, and downstream refining and petrochemical production. It also identifies supplier opportunities in areas like equipment, services, infrastructure, and logistics across the different segments of the energy supply chain.
Deepwater Energy Conference (DEC)2018 was held in Haikou, China. This event featured a dynamic group of speakers who discussed how deepwater technologies unlock new resources and develop in different ways. For additional details see: http://www.decchina.cn/en
The document discusses IBM Rational's joint product roadmap following their acquisition of Telelogic in April 2008. It outlines guiding principles for the roadmap including protecting customer investments and supporting existing revenue. An overview of the portfolio is provided focusing on enterprise architecture. High-level directions are given for enterprise architecture, emphasizing defining architectural vision, refining business and information systems architectures, and governing architecture.
Analyst webcast presentation Royal Dutch Shell fourth quarter and full year 2...Shell plc
- Royal Dutch Shell reported its 2011 results and provided a company update.
- Upstream earnings increased to $5.1 billion in Q4 2011 from $3.4 billion in Q4 2010 due to higher oil and gas prices. Downstream earnings declined to -$0.3 billion from $0.5 billion.
- Shell focused on cost reductions, delivered 14 new projects, and declared $31 billion in dividends from 2009-2011 to improve performance and returns.
Media webcast presentation Royal Dutch Shell fourth quarter and full year 201...Shell plc
Peter Voser, Chief Executive Officer of Royal Dutch Shell will host a live video webcast of the Fourth quarter 2011 and Full year Results and Outlook on Thursday February 2 2012, 10:30 GMT (11:30 CET / 05:30 EST).
This document summarizes a workshop on risk-based measurement, monitoring, and verification of carbon capture and storage projects hosted by Shell Canada Energy and the Quest subsurface team in Mobile, Alabama on May 16-17, 2012. The workshop aimed to share knowledge on evaluating and ensuring the effectiveness and safety of capturing and storing carbon dioxide underground. It focused on developing risk-based approaches to monitoring carbon dioxide movement and confirming storage permanence.
Serge Grzybowski assessed 2012 positively, noting that while it was a difficult year, Icade was able to meet its expectations thanks to the effectiveness of its property investment and development model and its continued strategy of focusing on the commercial property sector.
Royal Dutch Shell plc CFO Simon Henry - Global Oil & Gas Conference - Septemb...Shell plc
Simon Henry, Chief Financial Officer, Royal Dutch Shell plc, presented an update of Shell’s strategy & portfolio at the Global Oil & Gas Conference at Deutsche Bank in London.
Royal Dutch Shell plc second quarter 2014 results analyst webcast presentationShell plc
Ben van Beurden, CEO of Royal Dutch Shell plc, and Simon Henry, CFO of Royal Dutch Shell plc, presented the Royal Dutch Shell plc second quarter 2014 results on July 31, 2014.
Panel 1. Tackling climate change and ensuring energy security - Tim Bertels, ...Global CCS Institute
Carbon capture and storage (CCS) will play a key role in tackling climate change and ensuring energy security by allowing continued use of fossil fuels while limiting carbon dioxide emissions. Shell's scenarios show large potential for CCS, with one scenario limiting temperature rise by enabling early and rapid CCS deployment. However, CCS is still in early stages and learning is required as costs are currently higher than alternatives. Government policy support and industry investment are critical to advance CCS technologies and deploy projects at a scale needed.
Shell InDemand: Game-changing strategies for building a remarkable brand | Ta...LinkedIn Talent Solutions
Shell shares insights and data from their employer brand transformation. Learn how they leverage the people, inspiration and innovation at the heart of their organisation to tell their story.
Continue your talent acquisition transformation at Talent Connect 365: http://linkd.in/1z8YEaf
Similar to Commodities si newsletter fall 2010 (2) (20)
The Dynamic Implications of Sequence Risk on a Distribution Portfolio Journal...Better Financial Education
A practical method for advisers to measure exposure to sequence risk is through evaluation of the current probability of failure rate (which I've later renames as iteration failure rate to reflect measurement of the Monte Carlo simulation rather than the plan itself - two different things). This paper lead to a deeper investigation of failure rates thus leading to two subsequent papers discovering the three-dimensional nature of simulations over various time periods and allocations, as well as application of longevity to the simulation modeling.
Can You Pick The Next Winner?
Asset Class Performance 2002‐2021 of various global markets.
Pick any color in any earlier year and see what
happened in any later year. Bottom go up and top go down randomly.
*Note the 20 year results also
change asset class positions
over the years (don't predict
the future).
This document presents data on annual stock market returns in the US from 1926 to 2021. It shows that the market had positive returns in 75% of years, and the average annualized return was 10.2%. However, nearly two-thirds of yearly returns were at least 10 percentage points above or below the average. It also notes that more than two-thirds of down years were followed by up years, such as the 5% loss in 2018 followed by a 30.4% gain in 2019. The document concludes that investors who can withstand short-term volatility and maintain a long-term perspective tend to be rewarded in the stock market.
Prototype software example of aging model incorporating both portfolio and lo...Better Financial Education
This first appeared in blog post that describes the graphs in more details
https://blog.betterfinancialeducation.com/sustainable-retirement/what-are-the-three-paradigms-of-retirement-planning/
Prototype software example of aging model incorporating both portfolio and longevity percentile statistics along with consumer spending trend line of “Real People” (which is not based here on spending percentile statistics, but on research averages). Starting balance $500,000 with $36,000 Social Security. Two simple graphs by age answer many retiree questions about potential future spending and balances. Creates a whole different discussion. Also illustrates why age 95 is a poor reference for planning since it doesn’t plan or consider aging into future ages from the beginning of retirement.
Finding the parallels between flying a jet and helping people
develop financial plans may be difficult for the average person, but for Larry R. Frank Sr., the similarities between these two activities are crystal clear.
A question of equilibrium - can there be more buyers than sellers? Or more se...Better Financial Education
Have you ever wondered who is buying if so many people are selling?
The notion that sellers can outnumber buyers on
down days doesn’t make sense. What the newscasters should say, of course, is that prices adjusted lower because would-be buyers weren’t prepared to pay
the former price.
What happens in such a case is either the would-be sellers sit on their shares or prices quickly adjust to the point where supply and demand come into balance and transactions occur at a price that both buyers
and sellers find mutually beneficial. Economists refer
to this as equilibrium.
The Happiness Equation as it relates to investing is an interrelationship between your perceptions and expectations of investing and events. How do you manage happiness when you can't manage the markets?
A mistake many inexperienced sailors make is not having a plan at all. They embark without a clear sense of their destination. And once they do decide, they often find themselves lost at sea in the wrong boat
with inadequate provisions.
Destination, contingencies when trouble comes up, course corrections, bad weather and more can happen on the journey. How do you properly prepare for sailing is much the same as investing.
When setting expectations,
it’s helpful to see the range of outcomes experienced
by investors historically. For example, how often have
the stock market’s annual returns actually aligned with
its long-term average? Better yet, how often are the markets positive?
This document outlines a general plan to address various financial issues in three phases: retirement income, lost survivor income, and estate planning. It lists possible sources of income or solutions for each phase, such as pensions, social security, retirement savings, life insurance, and trusts. The plan emphasizes putting solutions in writing, reviewing them periodically, and deciding on a plan by considering available resources that can only be used once.
The world is risky. The future is uncertain. And many of the decisions we make can have a pro-found impact on our future welfare. Risk cannot be eliminated, but it can be managed.
Blog post for further perspective http://wp.me/p2Oizj-I8 (scheduled to post 17 May 17).
Robo-advisor portfolios may be well diversified, they also contain construction gaps that should not be present in well-constructed portfolios.
Post discussing this in broader context schedule for 3 May 2017 http://wp.me/p2Oizj-HV
Robo-advisor portfolios may be well diversified, they also contain construction gaps that should not be present in well-constructed portfolios.
Post discussing this in broader context schedule for 3 May 2017 http://wp.me/p2Oizj-HV
This paper essentially demonstrates to academics and the profession that the current method of computing retirement income essentially arrives at a single solution applicable only to today; it does not model the future as currently interpreted. Our paper contrasts the difference between a calculation and a "multi-cast" simulation model.
Our research summary paper is published in the Journal of Financial Planning, Nov 2016. A link to the paper is available here "Combining Stochastic Simulations and Actuarial Withdrawals into One Model." ( http://bit.ly/2eLBUq9 )
Our working paper documenting our research project won the CFP® Board Best Research Paper Award at the 2016 Academy of Financial Services ( http://academyfinancial.org/ ) annual conference through an academic panel using a blind review process. "Certainty of Lifestyle: Contrasting a Simulation Over a Fixed Period versus Multiple Period Models" ( http://bit.ly/2dWtuNz )
In early Nov 2016, two blogs will post going into more insights from the research: Just where does the fear of outliving our money come from? Part I with link to Part II. ( http://wp.me/p2Oizj-H2 )
Investing makes it possible for many of us to achieve important lifetime goals, such as retirement. That’s why we employ an investment approach based on almost nine decades of data, analysis and research, insights from behavioral finance and close relationships with leading academics. There are four key concepts which play a vital role in the construction and management of our portfolios. Together, they add up to a distinctive long-term, approach we call Asset Class, or evidence-based, Investing
There are a number of different methods of calculating investment return, depending on what you’re trying to measure. Perhaps the most basic is total return, which is simply an investment’s ending balance expressed as a percent of its beginning balance. Total return includes capital appreciation and income components; it assumes all income distributions are reinvested. To annualize total return, you’ll need to calculate the compound annual return, which generally requires using a financial calculator. It’s important to keep in mind that you need a greater percentage gain after a losing year in order to break even on your investment.
More discussion of this when blog posts 22 Feb 2017 http://wp.me/p2Oizj-Hk
The article discusses an alternative approach to experiencing the costs of index reconstitution, called “Asset Classes,” which allow the fund manager broader leeway as to when to buy or sell, along with a broader range of holdings. This discussion begins in the section called “Decision Two: Indexing or Asset Class Investing?”
The Asset Class approach, also referred to by others as "Factor Investing," is based on what has become to be called “Evidence Based Investing” due to roots discussed in the linked "Factor Investing" article, that come from academic (peer reviewed and repeatable results) foundation that continues to this day.
My blog post discussing this article is scheduled to post 8 Feb 2017 http://wp.me/p2Oizj-Hh
There is a cost to indexing that most investors are unaware of. It is called “reconstitution.”
A blog post is scheduled for 8 Feb 2017 discussing this article.
http://wp.me/p2Oizj-Hh
Most people look at the benefits they would receive today when making their decision about when to begin receiving their Social Security. They also underestimate how long they may live unless they already have medical issues that are known to reduce longevity.
These two impulses cause many couples to begin their benefits too early which has an adverse effect for survivor income. When one person dies, the lowest benefit “goes away” and the highest benefit “remains.”
The article below explains how that works with a couple and their Social Security benefits at various ages.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Poonawalla Fincorp’s Strategy to Achieve Industry-Leading NPA Metricsshruti1menon2
Poonawalla Fincorp Limited, under the leadership of Managing Director Abhay Bhutada, has achieved industry-leading Gross Non-Performing Assets (GNPA) below 1% and Net Non-Performing Assets (NNPA) below 0.5% as of May 31, 2024. This success is attributed to a strategic vision focusing on prudent credit policies, robust risk management, and digital transformation. Bhutada's leadership has driven the company to exceed its targets ahead of schedule, emphasizing rigorous credit assessment, advanced risk management, and enhanced collection efficiency. By prioritizing customer-centric solutions, leveraging digital innovation, and maintaining strong financial performance, Poonawalla Fincorp sets new benchmarks in the industry. With a continued focus on asset quality, digital enhancement, and exploring growth opportunities, the company is well-positioned for sustained success in the future.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Calculation of compliance cost: Veterinary and sanitary control of aquatic bi...Alexander Belyaev
Calculation of compliance cost in the fishing industry of Russia after extended SCM model (Veterinary and sanitary control of aquatic biological resources (ABR) - Preparation of documents, passing expertise)
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Discovering Delhi - India's Cultural Capital.pptxcosmo-soil
Delhi, the heartbeat of India, offers a rich blend of history, culture, and modernity. From iconic landmarks like the Red Fort to bustling commercial hubs and vibrant culinary scenes, Delhi's real estate landscape is dynamic and diverse. Discover the essence of India's capital, where tradition meets innovation.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
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Hog Wild for Commodities?
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“Unusually uncertain.” Simple words uttered on July 21st by Federal Reserve Chairman Ben Bernanke when discuss-
3 :KDW ,QYHVWRUV ing his economic outlook during a Senate Banking Committee hearing.1 If there’s one bad omen for the financial
5HDOO :DQW markets, it’s uncertainty. And with the Federal Reserve Chairman expressing his lack of clarity, stock markets quickly
headed south; the Dow Jones Industrial Average closed the day down 109 points.
Chairman Bernanke’s quote was in line with a larger sentiment of worry in the markets. Government debt and
deficits are high, unemployment persists, and a double dip in the economy is a possibility. Paradoxically, fears of
both inflation and deflation run rampant in the media. It certainly feels uncertain.
This feeling has lead some investors to wonder if they would feel safer by putting money into something they
view as “real,” like commodities. Commodities are appealing in that they may act as a natural hedge against
rising prices, and have the potential to “zig” when the rest of your portfolio “zags.”
Investors can certainly buy commodities directly — stacking gold bars in the attic, raising a plethora of pigs in
the backyard or filling the garage with barrels of oil. Yet most investors would rather not bear the costs and risks
of physically holding commodities.
Additional investment opportunities are expanding each year. Some investors look to gain access through Mutual
Funds, Exchange Traded Funds (ETFs) or Exchange Traded Notes (ETNs), which attempt to track the market
prices of traded commodities. Some work well, but others suffer from high management and trading costs, large
tracking errors or taxation issues.
There is another way…
If you are invested in a broadly diversified
mutual fund, such as an SP 500 Index ,QGLUHFW RPPRGLW
fund, you may already have significant ([SRVXUH
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in the companies that make up the SP ,QGXVWULDO 0DWHULDOV
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500 won’t explicitly buy you bars of gold or
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ship of companies like Exxon, Chevron and
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talization now comes from companies in
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LWI Financial Inc. (“Loring Ward”) firms that provide or manufacture com- 6RXUFH 0RULQJVWDU 'LUHFW $XJXVW
Securities offered through Loring modities, building materials, chemicals or
Ward Securities Inc., member See Hog Wild for Commodities... on Page 4
FINRA/SIPC 10-232 (9/10)
0OMPOPM@? DIQ@NODI$ In An Unstructured World
2. Structured Investing In An Unstructured World
What Investors Really Want... continued from Page 3
We want to stay true to our values We want education, advice, and protection
Some socially-responsible investors are willing to sacrifice invest- Because we are increasingly responsible for our financial futures,
ment returns to support human rights or environmental issues. we seek information, protection, and advice from Financial Advisors,
Other values that affect investment choices can include religion, the Internet, the government, and other investors. Some advice is
ideology, patriotism, and philanthropy. We want to feel good good and some isn’t. We remember and utilize some of it, while
about our investment decisions. the rest may be forgotten or dismissed.
We want fairness People buy and sell investments for myriad reasons. Some feel
We want a level playing field when we participate in sports, invest-they have a true advantage over other investors, and some have
ments, and every other aspect of our lives. Some of us, for exam- cognitive errors mislead them. Still others enjoy the thrill of trading.
ple, will not invest in companies that don’t share our values. Whatever the reason, it is important to distinguish truth from
We want to invest in our children and families cognitive errors and cognitive errors from wants. And it is critical to
We encourage our children to do well in school and we save for remember that investments are ultimately about your life beyond
their college expenses. Middle-class parents worry that they might money.
not have enough for their children’s education while wealthy par- What Investors Really Want will be published by McGraw-Hill in October
ents worry that their children may feel entitled to spend what they 2010. It is available by advance orders at Amazon, Barnes and Nobles, and
do not earn. Borders. Meir Statman is a member of Loring Ward’s Investment Committee.
Hog Wild for Commodities... continued from Page 1
machinery, account for an additional 11%.2 A portfolio consisting of broadly-diversified stocks in US and
Therefore, nearly 22% of the SP 500 exposure is indirectly related International markets (such as a typical Structured Investing port-
to commodities.2 These are the companies that mine the precious folio) may have a 15-30% indirect exposure to commodity sectors.
metals out of the ground, own the oil producing fields, or grow the So, if this sounds like the way you invest, the next time you hear in
agricultural products we all consume. the news about commodities, you can be confident that you may
The significance of commodity related companies remains elevated already have significant exposure to them.
1
when looking abroad. Most investors might not have realized that Bernanke Comment on Uncertainty Unsettles Market, Christine
almost 25% of the exposure in the SP Developed Broad Market Hauser, The New York Times, July 21, 2010.
2
Index is classified in the Energy or Industrial Materials sectors.2 Moringstar Direct, August 2010. Data as of 8/31/10.
Indices are unmanaged and do not reflect the payment of advisory fees and
We see even higher levels of exposure in Emerging Markets, as
other expenses associated with an investment in a mutual fund or separate
many of these countries are significantly engaged in commodity
account. Investors cannot directly invest in an index. Investing in foreign
extraction or production. The Energy sector represents 13% of the
securities may involve certain additional risks, including exchange rate fluc-
SP Emerging Broad Market Index while the Industrial Materials
tuations, less liquidity, greater volatility, different financial and accounting
sector accounts for another 20%, totaling 33% of that index.2 These
standards and political instability. Diversification does not assure a profit
include Brazilian and Russian Oil companies, gold mining compa-
and does not protect against loss in declining markets.
nies in South Africa and the coal companies of China.
NOMPOPM@? DIQ@NODI$ In An Unstructured World