Nisreen Mamaji of Moneyworks Financial Advisors recounts the memories and highlights of 2014.
What
were the most significant events which impacted you in 2014?
- The upswing of the BSE Sensex which has rallied over 7,600 points to touch record levels of over 28,000
- Narendra Modi’s win in a landslide victory which gave BJP an unparalleled majority
- India’s annual Consumer Price Index (CPI), a benchmark that measures inflation, declined to 4.38 percent in November 2014 from a year earlier. This has positively affected the investible surplus for households
- Overall sentiment improvement among Indian and NRI investors
One book/movie which you enjoyed reading/watching in 2014
Interstellar - A team of explorers travel through a wormhole in an attempt to ensure humanity's survival. The movie set me thinking about the possibility of the Earth’s inevitable destruction and humans being forced to look at livable conditions in other planets.
One advice/learning which influenced you a lot…
“Investors dislike losses twice as much as they like gains”
A high point in your professional life in 2014
- Interest and willingness among prospects/clients to align investments to goals rather than following a transaction based approach.
- Prospective investors are seeking out financial planners and realizing the need to consult a professional rather than using a ‘DIY (Do it yourself) approach’
A high point in your personal life in 2014
- My daughter passed her 10th ICSE exams with flying colors and got admission into ISC in her school
- Fabulous family holiday in Turkey with lifelong memories
What is it that you are looking forward to in 2015?
- The implementation of long-delayed reforms by the government
- The insurance bill and GST which will have the biggest impact on stock market next year
- Clearance of various FDI proposals which will start stable capital flows in the country.
- Strengthening of the Indian rupee
- Reduction of the trade deficit
Your New Year resolution
Making changes in operational efficiency and increasing customer base.
‘I wish to spend more time with family’
Gajendra Kothari of Etica Wealth Management recounts the memories and highlights of 2014.
What
were the most significant events which impacted you in 2014?
I
think the outcome of the general elections was by far the most significant
event to have happened in India.
One book/movie which you enjoyed
reading/watching in 2014
Steve Jobs by Walter Isaacson. The book tells us to question the obvious and push our limits. As an advisor, I can very much relate to this book.
One advice/learning which influenced you a lot…
That the sentiments can change
very fast (from both debt and equity markets perspective) and you need to be
ahead of the curve in order to benefit from this change.
A high point in your professional life
in 2014
When my training sessions for DSP BlackRock Futurist program was appreciated by advisors across various locations.
A high point in your personal life in 2014
I started my SIP four years back with Rs. 10,000 per month. Now, I have increased it to more than Rs. 1 lakh per month. When I tell my clients about it they also get encouraged to increase their SIP amount.
What is it that you are looking forward to in 2015?
Further expansion and
increasing the team strength. It’s a great time to capitalize on the
opportunity which 2015 may present for both equities and debt.
Your New Year resolution
I have been very busy with training of late because of which I have to travel on weekends. I would like to spend more time with family.
