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Originally posted by dimple2001
Just for argument sake, there are 2 people with each $200k net worth. "A" has $150k in the form of property (and living in Windsor where it takes 3 yrs to sell a house) while "B" has only $30k in property. Isn't B with higher liquidity asset in a better position?

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

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Originally posted by investpro
But then since it comes from a person named Lachman, for the Indians, he's a ch#tia, but if it comes from Ed Rempel, even though Lachman can put him in his left pocket, he's a wonder.Naam ka hisaab kitaab hai.

Benjamin Tal is considered to be a whiz to the wider community but within his own community, they think he has really pulled a fast one over the wider community.
Same with Ralph Nader, respected by many, but the Lebanese don't think much of him.
Let me ask you, if Baba Kalyani made a comment on the financial situation and direction of the world and Steve Forbes made a contrary comment- who would you be more likely to believe? And Baba Kalyani can put Steve Forbes in his left pocket. So can the DLF guy. But who would you believe, if the opinions were contrary?
Anyway, now we go to the philosophical.

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

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Originally posted by investpro

thanks for the post Amit. I cudda told you this too......

But then since it comes from a person named Lachman, for the Indians, he's a ch#tia, but if it comes from Ed Rempel, even though Lachman can put him in his left pocket, he's a wonder.Naam ka hisaab kitaab hai.

But then to the wider community, it doesn't matter if you are Lachman or Ed so long as you make sense.

Benjamin Tal is considered to be a whiz to the wider community but within his own community, they think he has really pulled a fast one over the wider community.

Same with Ralph Nader, respected by many, but the Lebanese don't think much of him.

Let me ask you, if Baba Kalyani made a comment on the financial situation and direction of the world and Steve Forbes made a contrary comment- who would you be more likely to believe? And Baba Kalyani can put Steve Forbes in his left pocket. So can the DLF guy. But who would you believe, if the opinions were contrary?

Anyway, now we go to the philosophical.

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Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/

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Originally posted by amit kalia
Having said that, I have a difference of opinion and I favour passive index type of investments contrary to his All star fund managers. You can see my comments here http://www.milliondollarjourney.com/3-principles-of-successful-investors.htm?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MillionDollarJourney+%28Million+Dollar+Journey%29

Cheer up!

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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"

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Originally posted by pratickm

In your comparison, I assume you are looking at cumulative returns and not annualized returns.

A lot of these mutual funds folks use cumulative numbers to dazzle investors by showing double or triple digit returns.

Several years of bad performance can be hidden when using cumulative returns.

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But your general point about passive indexing is totally valid.

Unless someone has the time, patience, skill and diligence to do analysis (fundamental or technical), passive indexing is better suited for the majority of folks.

Again, however, a lot of the talking heads these days are using broad-based ETFs as individual stocks i.e. market-timing their entry and exit, which defeats the purpose of passive indexing.

There are also exotic ETFs that are wrappers for other ETFs and have customized ratios and entry/exit points.

One caveat with pure broad-based ETFs (like the couch potato portfolio) is that if an investor goes too broad, returns could likely be flat or even negative after inflation and taxes.

Like the truly global ETFs have been languishing for years, brought down by the stagnant economies of Japan and the two severe recessions in the US within 10 years.

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Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/

To drive home a point.

South Asian Focus in its front pages yesterday talks about 'namaste' see link:

http://www.southasianfocus.ca/community/article/81262

Namaste increasingly the choice
Wednesday November 25 2009
You have the French peck on the cheek. Then you have the Arabic nose-to-nose, and the American hug. And of course you have the Subcontinent's Namaste and Aadaab, and the decidedly Oriental bow from the hip.
The French kiss was the H1N1's first casualty, while at the other end Obama's bow-from-the-hip had commentators frothing at his servility before the Japanese.

In all of this, the Namaste seems to be gaining ground as the best no-touch greeting, in these virus-laden times.

"It's the best way, no question," said Pundit Roopnauth Sharma, president of the Hindu Federation.

"Interesting," feels Peel-based mortgage agent Lachman Balani.

The Namaste is also making inroads into the mainstream, as letter-writer Allison Graham notes: "Living in the GTA, I have recently adopted the Indian Namaste form of greeting at business and social meetings with people of various backgrounds, and in light of the HINI epidemic it has gone very well. People smile back and either join their hands together or just nod and say 'Namaste'."


Read the last para where to drive home the point that Namaste is making inroads into the mainstream , South Asian Focus attributes the quote "Living in the GTA......" to an Allison Graham. This quote is taken directly from a letter written by Lachman Balani to the Toronto SUN where he says he has taken up the practice of wishing everybody with a namaste. Please see link which has been given in another thread as well.

http://www.torontosun.com/comment/letters/2009/11/20/11825436-sun.html

scroll down to the last letter, which is reproduced here

A NO-TOUCH GREETING

Re "No substitute for handshake" (Allison Graham, Nov. 18): Living in the GTA, I have recently adopted the Indian "Namaste" form of greeting at business and social meetings with people of various backgrounds, and in light of the HINI epidemic it has gone very well. People smile back and either join their hands together or just nod and say "Namaste." In the "Namaste" or "Sawasdee" (as it is known in Thailand) form of greeting, there is no physical contact.

LACHMAN BALANI

(It's also a charming way to greet someone)

-Note Lachman wrote a letter in response to an article by Allison. Allison does not say she has adopted namaste as a form of greeting.

Now what would go down better with the readers to prove that namaste is hitting the mainstream? That a person named Allison Graham is doing it or a Lachman Balani?
If Lachman Balani is doing it - woh to saala desi hai, if he does it - so bada sauda(big deal), but if Allison is doing it- must mean something.
And Amit you are right for a PROFESSIONAL, it matters not if a gora or desi or Lebanese says it but for the aam public, which is who the media is trying to reach, it does matter.I have seen it in too many instances here in the west, including Europe where I stayed for several years.

But hey I am hijacking the thread. do excuse me.

well Lachman Balani wrote in a letter to South Asian Focus to clarify the attribution.

see link:

http://www.southasianfocus.ca/opinion/article/81728

Correct attribution
Wednesday December 2 2009
In your article Namaste increasingly the choice (Nov 26), the quote attributed to Allison Graham: "Living in the GTA, I have recently adopted the Indian Namaste form of greeting at business and social meetings with people of various backgrounds, and in light of the H1N1 epidemic it has gone very well...." were actually my words, in response to an article written by Graham.
- Lachman Balani, Brampton

Why South Asian Focus first attributed the words to Allison is beyond me.