When I was researching about investments by banks and some hedge fund came across this excellent cartoon

Understand Subprime Crisis

Few reasons why mortgage is going up:

1) Investors are not that much inclined to Mortgage Backed  Securities (CDO’s) and are fleeing away from it.

2) Lenders are more cautious to whom they are lending. No more zero down.

3) Lenders are trying to leverage this situation by overcharging new home buyers and trying to offset their losses in subprime.

General consensus is such that, housing market will go down further, so wait for some more time before plunging into it.

Its been a month from my wedding day. Married life is fun and going great (Thats what people are asking me now a days).

Anu (my lovely wife) has uploaded our wedding album. There were more than 700 pics and we have selected some of them and have categorized it into three galleries i.e. Sangeet Sandhya, Wedding Ceremony and Wedding Reception.

Dipesh And Anubha Wedding Album

In coming weeks we will post videos where we have danced on different tunes.

Enjoy!!

So I am introducing a new member here (well many of friends know her), please welcome Anubha (Anu) Bhardwaj and visit our wedding website www.dipeshkhakhkhar.com/wedding to know more about us.

I wasn’t able to write for the last few months as I was completely busy talking with my love and sweetheart and planning our wedding.

I have plenty of good stuff to write which I will write after I come back from India.

Till then enjoy!!

My Hate List (H-List) is not at all very big. Till now there was only one entry and that was encompassing all the direct marketing people from companies like m-way, QuickStar or PoleStar and so on. The hate their money making strategy and eventually them who deploy that to milk some money. These direct marketers will accost you anywhere for example Safeway, Walmart, Fry’s and so on and ask you some stupid questions like (I think I have seen you before were you in Stanford, USC, UCLA, Berkeley, Which shampoo should I buy, ohh that earring looks really great on you …) and me and friends look at them and just grin and say “Thanks but no thanks”. So their strategy is to initiate some talk and get your number and then harass you by luring you to make money and they talk all BS like they are doing great business and every week they get a paycheck of $ 3K and so on. Once they get your number they will harass you for many days till the time you warn them. They are top on my H-List and its shame on them to use such a tactic to get customers for their so called business. Further in bay area most of these are Indians and I hate to see them doing this when I know all of them are well educated and have a good job.

So till now these guys were in my H-List but last weekend when I went to hang out with my friend to one of the school pub in Palo Alto. I was eating something and my friends were drinking. My friends finished one pitcher and then they order two more glasses of beer. So all of a sudden one big American guy came and sat beside me and asked me “Can I have that french fry?” I grinned and looked at him and told him “NO”. I shook my head again and said “NO” again and then I thought lets give him a fry who cares. Then he started introducing himself and talking about some BS and I gauged that he is trying to sell something to me, so I asked instantly to him “Now pay for my friends beer” and this guy tells bartender to get 2 more beers for my friends and I got up and told him charge all these beers to him (the one which my friends ordered previously). That guy was all okay with it and then I started showing interest in what he was trying to sell to me. This dude was Stanford graduate (double economic major) and was joining Ameriprise from Nov, 7 2007 and he was about to start their as financial consultant.

I asked this guy few questions that I invest in ETF, MF and Stocks and this guy was not knowing what does ETF stands for and then I thought I did nothing wrong in fetching some beers from him for my friends. Finally after few minutes of goals in life and how to achieve that and all that BS, he asked me my number and I gave him wrong number and pseudo name. So in my H-List i have entered one more entry i.e. Financial Consultants like him who don’t have any ethics of business and go down to such an extent to make money.

Previously i was sorry to see only Indians (IITians and well educated with good job in hand) doing this but now seeing Americans are in the same boat, I concluded that its a genre of people who have no ethics how to earn money, not civilized enough to enter into anyone’s privacy in public and pushing their business model onto them.

I hate to increase my H-List but can’t help when I encounter people like these.But this time may be it was a bummer for that guy as I gauged his intentions and fooled (my friend had a good time though) him for few beers. Sometime people like to learn it hard way.

Check this out.

Enjoy!!

I didn’t notice what my friends wore (they wore winter jackets on top of shirt and tee-shirt) that night and both of them left their jacket in the back seat (no one likes to pay for coat check-in). I found a free street parking and I was totally unaware that I am keeping these stuff in the back seat of my car and my car is in area where plenty of homeless people live in the city.

When I returned to the place where I have parked my car after partying, I went to the driver’s side to check my phone (i forgot my phone in the car) and i said “Thank God” its there. From the other side my friend tells me “Dude somebody broke the window glass of your car and they have stolen my jacket”. I was like Oh #$%& !!

Then I looked there and there was one jacket lying there and all the glass on the rear seat. One of my buddy says, “It was my Xpress winter Jacket” and I was like “were u guys wearing jacket and you left it in car”…The other friend’s jacket was real cheap one (from Walmart i guess). So the thief took only the Xpress jacket and nothing else from my car (there was GPS, cell phone, CD Player and another jacket).

Well to put in in light way he/she was very fashion conscious and took only the quality stuff by which he won’t be tracked (cell phone and GPS can be tracked) and must have thought that by selling that jacket he/she will get some money. Or because winter is starting and he/she genuinely needs winter clothing.

I think, if someone would have asked me or warned me he/she needs winter clothing, i would have happily given my spare sweaters and jackets (which are good and i don’t use it). But the world is not that straight and people like easy means to do.

So now the quarter glass of my car is broken and today i went to inquire about the estimate to fix it. And to my surprise I found that glass will cost only $35 but the labor for that is $190 (which is ridiculous). This was from Toyota Service Center. Now I will have to find some better place to fix this (I will post solution after fixing it).
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Publish Post

“When I’m president, for every middle class American, the new tax rate on your interest, dividends, and capital gains will be absolutely zero.”

Do we see this happening anytime in future? This seems to be too good to be true and one can infer very easily practically analyzing it that this is total BS!!

Few days back i had a discussion with my friend about paying taxes (eventually in 401K) and she was completely against paying taxes. Some false promises like above can definitely make some people (like my friend ) happy.

• Selling the wheel
• How Starbucks Saved My Life

First one is about sales and marketing and second one is about the life of a laid off employee at the age of 60 who joins starbucks and works there.

Books on sales and marketing fall into two categories:

1. Books that tell you the right way to do sales and marketing.

2. Books that tell you lots of good ways to do sales and marketing and how to choose the right approach for your particular situation.

Selling the Wheel is an example of the latter.

About “How Starbucks Saved My Life” i heard good things.

My review after I am done with these books.

from this site http://m3.bestpicever.com/piles/?s=shopliftdrug

This pictures reminds me of many people whom I have met in my life.

http://www.rifa4u.net/HTML/Cricket/sop.html

Download SOPCast and then user IE and you will be all set.
Enjoy!!