Mukund Bhide's Page

Sacha, just a point of view which you have not included in NAV mechanics on money market mutual funds available in other international markets. These funds offer higher interest rates than most bank deposits do. Such funds are invested in short term CD, treasury securities and government or corporate bonds. The fact that they earn higher yields is that they are riskier. Initially when such funds were created, had a floating NAV like any other mutual fund. On the day the fund opened, it would be… Continue

Appreciate your computations on current Gold ETFs average returns and the beta.

The investors are increasingly concerned about inflation, deflation, economic collapse and recovery, the thing that seems to be certain is uncertainty in the financial markets .Gold has been panacea to sooth concerns across the investment spectrum .There are many compelling reasons to investigate gold ETF funds for short term as well as long term investors.

The performance of gold ETF is tied to gold prices but oth… Continue

Sacha, BOA, discharging 5% redeemable preference shares if fallen due by raising additional common stock of $19 billion in uncertain times is I suppose a purely risk management exercise.
BOA has undertaken this step only after repaying the US government loan in the form of aid it received amounting to $45 billion.
It is incidental and natural now that the Obama government may not choose to interfere in fixing the CEO compensation terms designed by BOA .
The equity shareholders would definitely n… Continue

Sacha, I wonder the conclusions you wish to derive through your illustrations & analysis. Although logical if not entirely practical & abnormal.

If I buy a car, I definitely wish to go for loan option rather than funding entirely through my savings, Why? As long as I am productive and capable to create wealth, I naturally look out for financing options not because of any apparent risks. I also continue to pursue earning avenues to service such debts even when there is no tax deductibili… Continue