How much Truth in this Article????

  

You might treat this article as one of the finest bad article or worst one too. But still, it has some sense. Quoting GDP number either for India or for the Global economy has become jugglery game by the stalwarts.  The revision of numbers has been so frequent that stalwarts don’t know finally what they have projected in the last 8 months. Covid 2nd wave is the biggest news of the street and we are quite is dark when did the 1st wave ended its journey.  Vaccines are so many that often one gets confused which one is produced by whom. 

  The new life normal definition is that WFH has become a nightmare. 9am to 9pm even beyond that is the new normal. Home has become office and finally, the home is lost. The longest vacation of life at home has become a nightmare. Frankly speaking, we all explored our huge potential and capability toward our work and we are not in peace of mind to calculate what we have achieved in this past 8 months. Motivation business has grown up significantly and all after listening more than dozens of satgurus etc everyone has now become satguru individually after WFH.

 The Global debt is set to hit a record $277 trillion by the end of the year, or 365% of global GDP, due to the novel coronavirus pandemic, according to a report published on Wednesday by the Institute of International Finance. If we exclude the financial sector in the world then the debt will reach $210 trillion this year, compared to $194 trillion in 2019. In addition, the debt volume of developing countries is approaching 210% of their total GDP, up from 185% in 2019. Well, no point of counting since this number is hard to come down and we are all having an eagle eye on the upcoming stimulus and easy money.

Equity markets are climbing new highs turning every veteran investor to be scary. Cash is no more king unless you make use of the same. Every new high makes the financial industry BD or Sales Person to be scared as redemption might come up the next morning. In fact, this new a high of the Nifty and any future high has been and will be welcomed with fear and tear as clients are now the new Fund Managers.  After so many Atmanirbhar plans the biggest confusion for your next neighbour is that how long he has to service the loan and what he has to pay for the moratorium opted by him. Credit card bills are not getting converted into EMI. The current Nifty highs are already pushing existing investors to redeem and pay back their loans. The knowledge of cash-flow management has created a big problem for distributors and for financial industry players who have targets of sales to achieve so that they get their salary.

Everyone is crying on the street that their not much business but despite that around Rs 70000+ cr sales have been done in Diwali by Amazon and Flipkart.  Well, how many became new shopkeepers or how much as an individual family one purchased is hard to be ascertained. These sales numbers speak loud that money is very much in circulation and not stagnant.

Many AMCs came up with new fund offering and garnered no less than to the tune of Rs 4000cr or maybe more.  Online has been the route but someone had to push them hard in these times. Well, the credit goes to all those salesperson and BD team who pulled the funds either from liquid or from cash at bank. Financial distributors have suffered huge and the suffering will come. Every IFA business is now back to 2010 or 2015 levels and that is not going to get back so easily. 

Interest rates are low but Bank FD and corporate FD flows have been huge. LIC Housing finance garnered around Rs. 1500 cr in July 2020, out of which 70% was direct business.  Credit goes to low yield in debt products and APRIL FIASCO. The dilemma on the street is that where one joins where funds never dry and salesperson should do not have to face a nightmare of redemption.

Hiring is back on the street and quality people are being recruited and others are waiting for more luck to play the dice. Business strategic planning’s all completed for the Calendar year 2021 and more for FY-22.  Hence hiring is picking up but for quality people in the 1st batch and then the rest follows.

Trains have helped the Automobile industry like anything as the former helped the latter to increase sales. Public transport social distance is a dream which itself was never clear. Hence Auto numbers are good as those who could afford they brought it for the sake of security and at the same time, the 2nd hand model car industry witnessed significant sales value. Once the Trains are back on track Ola and Uber services will increase and waiting time will come down significantly due to these new buyers who are the future partner of Olla and Uber.

So to conclude in a couple of lines we are no more in bad shape and things are improving and people are making and business and revenue and hence it’s high time you plan for yourself now.  Stop taking pills of Depression and focus on the next year 2021 and 2022. Well, many are waiting to take a long leave and got for vacation and away from WFH. Yes, another vacation but a normal one and away from the cell phone.