As 2007 draws to a close, I would like us to reflect on how to effectively manage our hard-earned cash. So much has been written on this topic by myriads of authors. This demonstrates the importance as well as the amount of curiosity on this subject. From the numerous analyses so far, it emerges clearly that the laws that governed successful personal financial management many centuries ago are still alive today.

There is nothing new. People have been teaching about principles of money, success and affluence for millennia. There is no reason why all of us cannot benefit from the huge body of knowledge and wisdom on this subject. Failure to observe the laws and principles governing personal money-management contributes to domestic disputes, empty bank accounts and miserable post-retirement.

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The stock market benchmark Sensex dropped for the second day in a row today on fall in bluechips like Bharti and ICICI Bank, even as market leader Reliance Industries saw a rise in its share price.
While many frontline shares lost, the second-rung stocks attracted investors’ attention and the BSE small-cap and mid-cap rose by 188.17 points and 96 points respectively.

Marketmen said investors have started focusing on small and mid cap stocks seeing better entry opportunities there.

They also attributed less interest in front-line stocks to pull-out by FIIs, saying they have started redeeming some of their exposure to meet their year-end bonus payment needs — a historic trend seen in the last month of a year.

The 30-share BSE barometer, which rose to an intra-day high of 20,171.57 points early in the day, finally settled at 20,030.83 points, registering a fall of 73.56 points from its last close.

The NSE Nifty index fell by 10.40 points, or 0.17 per cent, to close at 6,047.70 points. PTI

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The Indian rupee eased a touch on Friday, with the market constrained   by fears of central bank intervention and the prospect of waning foreign   investment flows toward the end of the year, dealers said.

At 9:40, the partially convertible rupee was at 39.40/41 per dollar,   dipping from the previous close of 39.395/405. It hit 39.16 last month,   its strongest since March 1998.

“There’s talk in the market that the central bank may try and push the   dollar-rupee rate higher,” said a dealer with a private bank.

“If you kick a running dog, it’s bound to go further,” the dealer added, referring to possible intervention attempts by the central bank to push the local unit lower.

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Call it an impact of the hopes of rate cuts in the country or renewed interest by foreign investors, BSE’s Realty Index has outperformed big brother Sensex in the last 11 trading sessions — from the day when the Maharashtra government scrapped the Urban Land Ceiling and Regulation Act (Ulcra), which is expected to free 17,000 acres of land in Mumbai.

The realty index zoomed by 23 per cent in this period, while the Sensex jumped by only 5.7 per cent.

In the last three trading sessions, the index has risen by 720 points, whereas the Sensex has gone up by 302 points. Ever since its launch on July 10 this year, the realty index has gone up by nearly 69 per cent till date, while the Sensex’s rise was 33 per cent — less than 50 per cent of the rise in property stocks’ tracking index.

Analysts tracking the sector attribute various factors such as heavy investment by FIIs, hopes of US rate cuts and expectant rate cuts in the country and a psychological impact of repeal of Ulcra in Maharashtra, resulting in the sudden spurt of the realty index.

“A number of fund houses have raised money to invest in infrastructure, which will eventually flow into realty stocks and FIIs are getting clearances to invest in Indian stocks. We expect that money to flow into real estate stocks,’’ said an analyst of a national brokerage firm.

The US Federal Reserve’s rate cuts by 25 basis points (bps) on Tuesday and expectations of similar cuts by the Reserve Bank of India (RBI) was another trigger for the sharp rise, say analysts.

If the central bank cuts rates again, the demand for housing in the country would improve and realty companies would gain from that.

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If you want to unleash yourself from the numerous problems that you face due to your bad credit, it is time that you thought about taking up a loan to fulfill your needs. There are loan deals available for such borrowers which help them break the limitations of bad credit. These loans are called very bad credit loans.

Through very bad credit loans, the borrowers who are in need of money but are suffering from a bad credit history can also take up money. The bad credit history that has been created for them can also be cured if proper planning is done and the borrower repays the loan on time.

There can be any needs that the borrower would want to fulfill with the money like home improvement, car purchase, wedding expenses; educational funding etc. according to the needs and their expense, the borrower can take up the appropriate form of the loans. Also, the function of an asset also comes into play here. If the borrower pledges his asset and borrows money, then he can get an amount in the range of £5000-£75000 for a term of 5-25 years. The rate of interest is also low due to attachment of security with the loan.

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Year 2007 has been a phenomenal year for Indian equities, and analysts expect indices to end it at all time highs as the bulls gear up for another run.

“Market sentiment is bullish after the latest Fed rate cut. We expect a further rise toward 21,250 in Sensex and 6,500 in Nifty by the end of the year,” said technical analyst Sandeep Wagle of Angel Stock Broking.

The US Federal Reserve disappointed world markets by a modest 25 basis-point cut instead of 50 bps on December 11, but Indian equities chalked up gains while Asian peers stumbled in reaction.

On Dec 12, Bombay Stock Exchange’s Sensex closed up 85 points or 0.42 per cent at 20,375.87. The index scaled an all-time high of 20,419.11 intraday, recovering from an early low of 20,045.42.

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