Agency: " Sir, we found 3 candidates as per your requirements. How do you want their placements, sir?"
MD: "Put about 100 bricks in a closed room. Then send the candidates into the room and close the door, leave them alone and come back after a few hours and
analyse the situation:
01. If they are counting the bricks, put them in Accounts department.
02. If they are recounting the bricks, put them in Auditing.
03. If they messed up the whole room with the bricks, put them in Engineering.
04.If they are arranging the bricks in some
strange order, put them in Planning.
05. If they are throwing the bricks at each other, put them in Operations.
06. If they are sleeping, put them in Security.
07. If they broke the bricks into pieces, put them in Information Technology.
08. If they are sitting idle, put them
in Human Resources.
09. If they say they have tried different combinations yet not a single brick has been moved, put them in Sales.
10. If they have already left for the day, Put them in Marketing.
11. If they are staring out of the window, put them in Strategic Planning
And
12. If they are talking to each other and not a single brick has been touched, Congratulate them and put them in Top Management.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Why Term Insurance with return of premium (TROP) is a marketing gimmick by Insurance Companies?
A Thread
Insurance Companies offered pure term insurance but with Indian mentality thinking "If I live till the policy term I w'd lose entire premium, but those people never (1/7)
understood that you have life to enjoy"
Keeping this in mind Insurance companies floated "Term Insurance with return on premium" where in you get your entire premium paid back
Is it worth paying extra premium, answer is Maths & Maths never lie
Data from ICICI Pru Life (2/7)
Assumption : 30 Yrs Male, Non Smoker
Policy Term : 30 Yrs
Pure Term Premium : 13126
TROP Premium : 25666
Difference : 12540
In case a person is alive at 60 Yrs, Policy Holder will be refunded entire premium of Rs 25666 x 30= 7,69,980 (3/7)
How I got Saved from a Fraud after listing a item in OLX
Modus operandi as follows:
Once you list an item, fraudster will call you with an intention to buy and suggest paying by Paytm
They wont pay directly in ur paytm a/c but will send you a QR code of Rs 1 stating
it is a prepaid card, Scan the code , don't enter pin, enter only once I tell you & Rs 1 will be debited from your bank account. Immediately Rs 2 will be credit in your paytm account by fraudster.
There by winning your trust
QR code as attached in Image
I realized it is a fraud and I wanted to do timepass hence immediately parked entire money in a different bank account which was not mapped to Paytm leaving Rs 100
Now comes the final game
They will send you a QR code of OLX listing price in my case it was Rs 1999
Thread on PE and Valuations of NIFTY 50 PE.
I have made it easy for beginner to understand
P/E ratio simply means how much money you are paying to generate 1% returns.
For Example: If a share is quoting at P/E 25, it means you are paying Rs 25 to earn 1 from that company.
(1/n)
You must have heard abt “Over Valued”, ‘Expensive” and “Under Valued”, what is the rationale behind the above statement.
Let us explore
Imagine u purchased RBI Bond with an interest of 7.75%.
It means you pay 100 & u get ₹ 7.75 as interest credited in your bank account (2/n)
Price to Earning: Market Value / Earnings Per Share
In our GOI bond’s case: Market Value is ₹ 100 and Earning is ₹ 7.75
P/E ratio = 100 / 7.75 = 12.90
12.90 is the benchmark to compare whether markets are overvalued or undervalued.
(3/n)
Emergency Fund : Stepping Stone of Financial Planning
One of the 1st things u s'd consider b4 u invest is ask below questions to urself - 1. What would I do if I lost my current source of income? 2. How would I survive for the first six to 12 months of unemployment ?
You start an investment be it SIP or FD for a purpose of wealth creation and when any kind of emergency takes place, you redeem the amount or break the FD to suffice the requirement of emergency.
While doing so, the compounding effect does not take place.
It is always
recommended to have an emergency corpus of around 6-9 months of entire salary.
Yes, entire salary because your recurring FD’s, Insurance premium, SIP’s are part of your salary
You will find people recommending an emergency corpus of 6 to 9 months of expenses which is wrong
👉old promoters took 8000 cr. loan from SBI
👉1800 cr is current outstanding pending
👉 Now old promoters is out of company ( what he did with 8000 + 1800 =9800 cr??)
👉SBI done Takeover with all respect ( including financial)
👉now SBI selling this company in open market ( having residual asset of 1000 cr )
👉 offers are coming on 150 Rs. ( total equity=11.37 cr shares X 150 Rs=1700 cr.)
👉Say new owners buying company at approx.2000 cr
👉therefore loss of SBI is 8000+1800-2000= 7800 cr.
👉7800 cr loss is taken by SBI -- fund came from general public.
👉neither old owner in loss nor new owner in loss, even SBI is not directly in loss
👉without flying in jet airways INDIA public loose 7800 cr.😂😂