Financial planning and management for the b-list celebrities.
1/ Most B-List celebrities, tv actors, etc., make really good money, but squander it all due to lack of education, awareness, and also being in the company of morons.
2/ A-List celebrities anyway have the top people of their respective fields taking care of things for them. But even they can go wrong.
See how Deepika Padukone's family, Rahul Dravid, etc., got cheated by investing with a fund that was fraudulent.
3/ But B-List celebrities are even worse. Most of them didn't go to college, dropped out of school to pursue acting or whatever.
They have absolutely no financial planning, spend money however they like, and go bankrupt every now and then.
4/ Not just in India, you can see how Hollywood celebrities like even 50-cent went bankrupt every now and then.
They don't have even basic financial intelligence required to survive. They spend a lot on bling and wonder where all the money went.
5/ These celebrities also naively trust few people in real estate deals and are at the receiving end of frauds, as victims.
So, an agency that manages their finances, even with a half decent asset allocation mix across equity, debt, real-estate in portfolio should do great!
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Through the last three years of experience in the entrepreneurship space, I understood why phenomenons like
- black money
- hawala
- money laundering
- tax fraud
- overclaiming of tax returns
- not reporting income
and other such scenarios exist.
1/ Running a business, especially with all the licenses and the jazz is like standing in a traffic signal.
The signal may still be red. But if vehicles have started moving, they will keep honking and hurling abuses at you for not moving and breaking the rules along with you.
2/ The corrupt system begets corruption.
The government employees seek bribe for every single thing that they are being paid to do as work.
If you don't pay them, your business will not get set up.
If you don't pay what they ask for, they will point out hundred issues.
**Introduction to Systematic Trading & Backtesting**
I was preparing the curriculum for the Python backtesting course and thought it would be nice to do a webinar giving an overview of whatever I have learnt so far in Systematic Trading.