...diversify their assets in future investments. Judy is the owner of her own chemical company that earns in excess of $1.6 million before taxes and $1.1 million after taxes per year. Although she has received numerous offers, Judy does not wish to be bought out by anyone and thus desires to diversify the investments she already owns. She currently has over $16 million dollars in securities, which she wants to invest in outside investments. Judy DeRight is thus a business owner with a stable income, and is fairly risk tolerant as she is closer away from retirement than her cousin. John on the other hand is at a completely different part of his professional life than is Judy. Unlike Judy, John sold his company recently and now has $18 million in stocks from the acquiring company. After this sale, he decided to retire and live off the $500,000 dividends the stocks pay and another $500,000 from his own other income. He is willing to sell up to $9 million of his stock shares to fund any future investments. Because he is retired, John is risk averse with his desired investments. Both Judy and John have a few goals that they share in common. They both want to invest in a property large enough that will attract property management companies to do the daily maintenance on that property. That way, they don’t have to do it themselves. They also want to have a minimum return on their investment of at least 12% after tax. Both have stated that they wish to diversify their existing assets by investing...
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...#1 Why does the manufacturing industry use job order cost system? A Job order Why do some professional firms use job order cost system? Give 2 professional firms to use job order cost system for example. A job order is a cost accounting method that focuses in quantity of product known as a job or lot. The costs of direct materials, direct labor, and manufacturing overhead applicable to each job are compiled to arrive at average unit cost, (p.778, Williams, 2012). Characteristics | Job Order Cost System | Type of Product | Unique products or services | Approach | Customized to customer or client needs | Cost Accumulation | Costs accumulated by customer, project, or job | Type of Report | A job cost sheet for each customer, project or job | The manufacturing industry may use the job order costing for jobs according to each customers as separate jobs, or may group smaller projects under a single job order as a mean of controlled of the usage of raw materials, production equipment and labor hours. Professional services firms can use job order cost system to tailor the services according to individual customer accounts or individual job. An example of two professional firms is: 1. Ernest and Young LLP accounting firm will use it to track customer bills hours spent on each customer’s account. 2. Colliers International commercial real estate service firm use it to controlled expenses related to each individual customer or project. In addition to serve...
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...Ultimately, it is true that real assets determine the material well being of an economy. Nevertheless, individuals can benefit when financial engineering creates new products that allow them to manage their portfolios of financial assets more efficiently. Because bundling and unbundling creates financial products with new properties and sensitivities to various sources of risk, it allows investors to hedge particular sources of risk more efficiently. 2. Securitization requires access to a large number of potential investors. To attract these investors, the capital market needs: 1. a safe system of business laws and low probability of confiscatory taxation/regulation; 2. a well-developed investment banking industry; 3. a well-developed system of brokerage and financial transactions, and; 4. well-developed media, particularly financial reporting. These characteristics are found in (indeed make for) a well-developed financial market. 3. Securitization leads to disintermediation; that is, securitization provides a means for market participants to bypass intermediaries. For example, mortgage-backed securities channel funds to the housing market without requiring that banks or thrift institutions make loans from their own portfolios. As securitization progresses, financial intermediaries must increase other activities such as providing short-term liquidity to consumers and small business, and financial services. 4. Financial assets make it easy for large firms...
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...Instruments 2 Art 2 History 2 Characteristics and details 3 Prospects in Bangladesh 5 Gold 6 History 6 Characteristics and details 7 Prospect in Bangladesh 9 Real Estate 10 History 10 Characteristics and details 11 Prospects in Bangladesh 13 Private Equity 14 History 15 Characteristics and details 15 Prospects in Bangladesh 17 Venture Capital 18 History 19 Characteristics and details 19 Prospects in Bangladesh 21 Conclusion 22 References 23 Introduction As volatile as the stock market can be, many investors have been looking into safer ways to invest their money. So, “alternative investments” have become increasingly popular. An alternative investment is any investment other than the three traditional asset classes: stocks, bonds and cash. These alternatives don’t take the place of those more traditional assets. Investors shouldn’t sell their stocks, cash out their savings accounts and put all their money in these less traditional options. Most financial experts agree that alternative investments are best when used to diversify financial portfolios. In other words, instead of putting all of the money in stocks put some in stocks, some in bonds and some in alternative investments like hedge funds, private equity or even fine art and wine. Historically, many of these alternative investments have been more popular among high-net-worth individuals and institutional investors, such as private endowments. That’s because...
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...DECLARATION FORM This is to verify that I PRAGYA SAHU student Of SCHOOL OF ECONOMICS,DAVV INDORE has undergone training from “STOCK HOLDING CORPORATION OF INDIA LIMITED”. DURATION:- For 38 days (from 1st June to 8th July) in field of finance. During the training the student has abided by rules & regulation of our organization & his code of conduct were satisfactory. Detail of Reporting/ Authorized officer: Name of person: Sandeep Sharma Designation: General Manager Email Id : sandeep_sharma@stockholding.com Contact no.: 9425508941 Signature of reporting I hereby declare that this Project Report Entitled as Financial Planning submitted for the Project work is an original work done by Pragya sahu and it is submitted to Stock Holding Corporation of India Limited, Indore and will be submitted to SCHOOL OF ECONOMICS DAVV Indore. Except above not submitted to any University or Institute for the award of any Degree / Diploma / Certificate or published any time before. Date: ___21/08/2012_________ Place: __Indore__________ Pragya sahu ACKNOWLEDGEMENT “The completion of any project depends upon the Co-operation, coordination and combined efforts of several resources of knowledge, inspiration and energy”. My sincere thanks to Mr. Sandeep Sharma (Branch Manager) giving...
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...Introduction Investors are consistently looking for the perfect investments, those that yield particularly both safety and substantial returns. To obtain both of these factors in today’s market is very possible, but how does one hedge the risk involved with obtaining such an investment. To find such growth and generous yield, we must settle for investment vehicles that are extremely risky such as indeterminate emerging markets or foreign bonds. At the same time, do these investments guarantee the safety that we as investors are comfortable having? In times of uncertainty like today’s market has bred, we must look towards alternative investments that are capable of hedging risk while yielding a more than reasonable return. One alternative real estate investment that has attracted investors for many years in the United States is the commercial parking industry. Commercial parking as an investment is virtually a recession proof investment due to the nature of its industry. Although the industry demand is driven by the occupancy rates of commercial real estate, the need for parking will always exist as long as there are cities that breed jobs and suburbs that house workers. From the perspective of a conservative investor, investments that are safe from risk and show promise for moderate financial growth are generally very appealing. In terms of growth, the output of US parking lot and garage management is forecasted to grow at an annual compounded rate of 2 percent per year between...
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...BDO UNIBANK Inc. Personal: eBanking- online, mobile, atm and phone banking => Bank easy. Bank secure. Bank-on-the-go with BDO. BDO Electronic Banking suits your lifestyle and empowers you to get ahead. It is the fastest, safest, and easiest way to keep track of your finances anytime, anywhere through your personal gadgets i.e. PCs, laptops, tablets, and smartphones. You don't have to wait in line or plan your day around the bank hours as BDO Electronic Banking gives you complete control over your banking needs on demand. Accounts – peso savings, checking- automatic transfer facility, us dollar savings, third currency savings account- time deposit, debit card, cash card and visa travel money card. =>The best way to start. Flexibility that makes a difference in your deposit accounts. Savings and checking accounts are the most basic banking products and all these are offered by BDO. But, did you know that BDO also has customized deposit accounts that have the flexibility to make the most of your money, whatever your stage in life? Throughout these life stages, you will have different needs. As a parent, you would want your children to learn the value of money and how to manage it wisely. As a retiree, you would want to enjoy perks that reward you for your years of hard work. Whether you are single with a career, married with kids, working as an OFW or empty nesting, BDO has a variety of deposit accounts tailor fit to your needs. What’s more, our extended banking hours...
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...WELINGKAR INSTITUTE OF MANAGEMENT DEVELOPMENT & RESEARCH SPECIALISATION PROJECT ON ANALYSIS OF INVESTMENT OPTIONS BY MAHIMA SUHALKA PGDM RM 2014 – 2016 (FINANACE SPECIALISATION) ROLL NO. 48 PROJECT FACULTY GUIDE PROF. PRITI SAMANT PROJECT COMPLETION CERTIFICATE This is to certify that project titled “Analysis of Investment Options” is successfully done by Ms. Mahima Suhalka in partial fulfilment of her two years full time course ‘Post Graduation Diploma in Management’ recognized by AICTE through the Prin. L. N. Welingkar Institute of Management Development & Research, Matunga, Mumbai. This project has been completed under my guidance. ___________________________ (Signature of Faculty Guide) Name: ______________________ Date: ______________________ Acknowledgement I take this opportunity to express my sincere gratitude to everyone who supported me throughout the course of this PGDM project. I am thankful for their aspiring guidance, invaluably constructive criticism and honest advice during the project work. I express my warm thanks to Prof. Priti Samant, my project guide who provided me with critical insights on this project and helped me make this a success. I would also like to acknowledge the help of all my friends and respondents who enabled me to conduct this research project. Thank You All!! Table of Contents Chapter 1 Introduction ...
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...Background of the Study According to John Keynes, an investment is a conscious act of an individual or entity that involves deployment of money in securities of assets issued by any financial institution with a view to obtain the target returns over a specified period of time. There are several types of investment. An autonomous investment is a kind of investment that remains constant regardless of revenue level. And this means that when the revenue is low, the autonomous investments are still the same. This refers to the investment made on public buildings, roads, houses and other infrastructure. Typically the government is in this kind of investment. Induced investment is certainly related to the revenue level. That is, when at high level...
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...ASSUMPTIONS & SUPPORT 25 TABLES: 25 EXHIBITS FROM SPREADSHEETS 30 SUMMARY & CONCLUSION 33 REAFFIRMED HIGHLIGHTS: 34 STRENGTH, LIQUIDITY AND PERFORMANCE: 34 OUTLOOK: 35 EXECUTIVE SUMMARY Background: Realty Income Corporation (“Realty Income” or “RIC” or “REIT”) is an equity real estate investment trust (REIT). Realty Income is a publicly traded (NYSE: Ticker symbol “O”) and is also known as “the monthly dividend company” which parallels its dividend payout structure. The Company is engaged in acquiring and owning freestanding retail and other properties that generate rental revenue under long-term lease agreements (primarily 10 to 20 years). In January 2013, it acquired American Realty Capital Trust. The Company has an in-house acquisition, leasing, legal, credit research, real estate research, portfolio management and capital markets. As of December 31, 2013, it owned a diversified portfolio of 3,896 properties with an occupancy rate of 98.2%. Of note, the occupancy rate of Realty Income’s portfolio has never dropped below 96% since becoming a public company in 1994. Of the...
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...problems Against this background, many investors have fled to what they saw as safe havens, forcing gold prices to record highs and government bonds yields to generational lows Short-termism is rife in such volatile markets, creating opportunities in some asset classes for investors who can take a longer-term view Equities currently look to offer the best value, with many corporates in solid financial shape after applying their own austerity measures amid the credit crunch. Strong balance sheets are allowing ongoing dividend growth Share valuations remain low, reflecting the muted economic outlook in the West. This ignores two key factors: that many Western companies have growing Eastern earnings exposure, and the potential for emerging market equities to benefit from the region’s stronger macro outlook Core Western government bonds represent poor value, with short-term safe haven investing forcing yields down. In some instances, this asset class currently offers the prospect of negative real returns (returns after adjusting for inflation) • Looking past the abyss December 2011 • • • A combination of more persistent longer term inflation and the industrialisation of emerging markets favours physical assets like property...
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...OVERVIEW……………………………………………2 - History of Japanese Economy - Japanese Financial & Banking System - Mitsubishi UFJ Financial Group BANK OF TOKYO MITSUBISHI UFJ………………16 - Structure - Rating - Capital - Competition - Services BANK MANAGEMENT ANALYSIS…………...……29 - Asset Management - Liability Management - Risk Management - Other Developments (Social Responsibilities) REPORTS ANALYSIS………………………………..35 - Financial Sheets - Financial Ratios FORECASTING……………………………………….38 - Forecasted Financial Sheets CONCLUSION………………………………………...40 I. OVERVIEW A) History of Japanese Economy The Japanese economy is the 3rd largest economy in the world, coming right behind the American economy and the economy of China. It’s one of the most studied economies among all due to its rapid growth in different eras. Its economy first interacted with Europe in the 16th century, and the Europeans were admirers of the country as it was one of the richest in metals and became a major exporter of copper and silver. In 1603, which is the beginning of the Edo period, the interaction between the Japanese and Europeans was extremely intense, and that, however, exposed Japan to Christianization waves, which lead Japan to enter a period of isolation in order to avoid such religious waves. Significant expansion of domestic industries increased during this phase. The construction trade grew along with banking dealing activities. The Edo period ended in 1868, and by that time Japan...
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...OVERVIEW……………………………………………2 - History of Japanese Economy - Japanese Financial & Banking System - Mitsubishi UFJ Financial Group BANK OF TOKYO MITSUBISHI UFJ………………16 - Structure - Rating - Capital - Competition - Services BANK MANAGEMENT ANALYSIS…………...……29 - Asset Management - Liability Management - Risk Management - Other Developments (Social Responsibilities) REPORTS ANALYSIS………………………………..35 - Financial Sheets - Financial Ratios FORECASTING……………………………………….38 - Forecasted Financial Sheets CONCLUSION………………………………………...40 I. OVERVIEW A) History of Japanese Economy The Japanese economy is the 3rd largest economy in the world, coming right behind the American economy and the economy of China. It’s one of the most studied economies among all due to its rapid growth in different eras. Its economy first interacted with Europe in the 16th century, and the Europeans were admirers of the country as it was one of the richest in metals and became a major exporter of copper and silver. In 1603, which is the beginning of the Edo period, the interaction between the Japanese and Europeans was extremely intense, and that, however, exposed Japan to Christianization waves, which lead Japan to enter a period of isolation in order to avoid such religious waves. Significant expansion of domestic industries increased during this phase. The construction trade grew along with banking dealing activities. The Edo period ended in 1868, and by that time Japan...
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...EQUITY DIVERSIFIED MUTUAL FUNDS V/s DIRECT EQUITY: A comparative study Submitted in Partial Fulfillment for the Degree of Bachelor of Business Studies By Akshat Jain (Roll No. – 08/BBS/7160 Batch: 2008-2011 ) To DEEN DAYAL UPADHYAYA COLLEGE University of Delhi Shivaji Marg, Karampura New Delhi-110015 | | | ACKNOWLEDGEMENT Encouragement motivates a person towards one’s aim while guidance helps one to achieve it. Both encouragement and guidance take one towards success in one’s works. It would be difficult and almost impossible to achieve excellence without the blessings of God above and of elders. I convey my heartfelt affection and accord my deep sense of gratitude to Dr. Deepa Kamra, Faculty Guide for inspiring guidance, constructive criticism, unlimited interest and innovative ideas throughout the pursue of this manuscript. Akshat Jain DECLARATION I Akshat Jain have completed the Summer Training Project titled “EQUITY DIVERSIFIED MUTUAL FUNDS V/S DIRECT EQUITY” under the guidance of Dr. Deepa Kamra in the partial fulfillment of the requirement for the award of degree of Bachelor of Business Studies from Deen Dayal Upadhyaya College, Delhi University. This is an original piece of work & I have neither copied and nor submitted it earlier elsewhere. Akshat Jain Certificate from Internal Guide ...
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...CERTIFICATE EXAMINATION IN INVESTMENT-LINKED LIFE INSURANCE PREFACE This course contains the study materials for the Certificate Examination in InvestmentLinked Life Insurance. The book may look ominously thick but please bear in mind that the market out there, both, the product producers and clients market has undergone tremendous changes in the last 15 years. The sudden deluge of information found here as compared to the earlier version is to provide a slightly higher level of understanding amongst agents, so that they can be better prepared when facing a client. The objective of this course is to provide basic fundamental knowledge of how investment-linked life insurance works and how to market it to the public. This course also introduces the agent to the world of Investment-Li n k e d L i f e Insurance sales and it is also hoped that the agents will not stop with this course but empower themselves with higher qualifications in the coming future. The Chapters in this course are designed in such a way, that a new person will get a clear picture of what Investment-Linked Life Insurance is all about and also sets a template for them to follow to a higher level in the future. It is hoped that the agents will utilise this course effectively and carry out their sales activities with stronger conviction and heightened confidence. CERTIFICATE EXAMINATION IN INVESTMENT-LINKED LIFE INSURANCE CEILLI CERTIFICATE EXAMINATION IN INVESTMENT-LINKED LIFE INSURANCE 1st Edition...
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