Sunday, 27 December 2009

Interesting story on "How stock market works"

An interesting analogy to explain the functioning of the stock market.

A businessmen came to a village and asked villagers to get him monkeys. He agreed to pay 10£ for every monkey. Hearing this villagers got very excited and they started looking out for monkeys. As there were plenty of monkeys in the village, they caught many and sold them to businessman. The man bought thousands at 10 and as supply started to diminish and villagers started to stop their effort he announced that now he would buy at 20 rupees.


This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer rate increased to 25 and the supply of monkeys became so that it was an effort to even see a monkey let alone catch it. The man now announced that he would buy monkeys at 50! However, since he had to go to the city on some business his assistant would now buy on behalf of the man. In the absence of the man, the assistant told the villagers, "Look at all these monkeys in the big cage that the man has collected. I will sell them to you at 35 and when the man comes back you can sell it to him for 50." The villagers queued up with all their saving to buy the monkeys.

After that....

there was no sighting of either that businessman or his Assistant.....but only of MONKEYS ......................:-)))

Saturday, 22 November 2008

looking to break ice...trying to setup myself freelancer....

Hello,

It's so true, whoever has said, one can't get rich by working for someone else. To become rich you definitely needs to be working only for yourself. Ofcourse, that means setting up or opening or venturing in some business opportunities. With that ofcourse comes putting in initial capital and with that comes the risk of loosing it. But, I read something very worthwhile today somewhere in this context. It says 'Biggest barrier for the success is the fear of failure'. 

I know saying is easy than actually putting them in action. 
I am working as a full time as software professional and it's been while since i am looking for somekind of jobs or freelance job to earn some extra quids. I really wanted to take a plunge in the freelance market, it has a potential of good returns and you have the option of working from home.

But, it's all about getting your first break and assignment and hopefully after that with my good work i would be able to build a network and get some references from clients.

Hopefully, i would not have to wait for long to get my first assignment...let's see!!!