Friday, January 11, 2019

How to Improve Spoken English (Without a Speaking Partner!): 14 Incredible Methods


1. Think in English
Sometimes the difficult thing about English speaking isn’t the language itself, but how you think about it.
If you think in your native language and then try to speak English, you’ll always have to translate between languages. Translating isn’t an easy thing to do! Even people fluent in two or more languages have trouble switching between languages.
The solution is to think in English.
You can do this anywhere, anytime. Try to use English when you’re thinking about your day, or when you’re trying to decide what food to order. Even try to use an English-to-English dictionary to look up words. That way you never have to use your native language and translate words. You’ll notice that when you think in English, it’s easier for you to speak in English.

2. Talk to Yourself

Whenever you’re at home (or alone somewhere else) you can improve English speaking with your favorite person: yourself.
If you’re already thinking in English, try speaking your thoughts out loud. Read out loud, too. Practice is practice, and even if you don’t have anyone to correct your mistakes, just the act of speaking out loud will help you become more comfortable speaking English.

3. Use a Mirror

Whenever you can, take a few minutes out of your day to stand in front of the mirror and speak. Choose a topic, set a timer for two or three minutes and just talk.
The point of this exercise is to watch your mouth, face and body language as you speak. It also makes you feel like you’re talking to someone, so you can pretend you’re having a discussion with a study buddy.
Talk for the full two or three minutes. Don’t stop! If you get stuck on a word you don’t know, try expressing your idea in a different way. You can always look up how to say that word after the two to three minutes end. This will definitely help you find out what kinds of words or sentences you have trouble with.

4. Focus on English Fluency, Not Grammar

When you speak in English, how often do you stop?
The more you stop, the less confident you sound and the less comfortable you become. Try the mirror exercise above, but challenge yourself to speak without stopping or stammering (taking pauses between your words) the entire time.
This might mean that your sentences won’t be grammatically perfect, and that’s okay! If you focus on speaking fluently instead of correctly, you’ll still be understood and you’ll sound better. You can fill in the correct grammar and word rules as you learn them better.

5. Try English Tongue Twisters

Tongue twisters are series of words that are difficult to say quickly. One example is: “The thirty-three thieves thought that they thrilled the throne throughout Thursday.” Try saying this a few times! It’s not easy.
Word games like this will help you find the right placement for your mouth and tongue, and can even help your pronunciation. You can find a list of great tongue twisters here.

6. Listen and Repeat

Do you watch TV shows or YouTube videos in English? Use them to improve your fluency. Choose a short part of a show and repeat it line by line. Try to match the tone, speed and even the accent (if you can). It doesn’t matter if you miss a few words, the important thing is to keep talking. Try to sound just like the native speakers on the show.
FluentU is a great way to practice listening and repeating.
Whenever you watch a video here, you’ll see all of the spoken words right there on your screen.
This makes listening and repeating even easier. Just turn off the subtitles when you want a challenge!
If you see a word you don’t know, tap on the word to see an image, definition, examples, and other videos in which the word is used.

7. Pay Attention to Stressed Sounds

English uses stresses in words and sentences. That means when you speak English you’ll need to stress, or emphasize, certain words and syllables (sounds) to give words and sentences different meanings.
Listen to where native speakers place the emphasis when they speak. Try to repeat it the same way to improve English stress in your own speech.
This won’t only help you speak English well, it might even reduce misunderstandings. Sometimes the placing the stress on the wrong syllable completely changes the word. The word ADdress, for instance, isn’t the same as the word adDRESS. ADdress refers to a physical location where someone lives, and adDRESS means to formally speak to a group of people.
Learn to hear the difference!

8. Sing Along to English Songs

Singing along to your favorite English songs will help you become more fluent. This is a tried-and-true language learning method that’s backed by science.
Once you can sing along to Taylor Swift and Jason Mraz, you can test your skills with something a bit more difficult: rap!
Rap is a great way to practice English because often the words are spoken like regular sentences. However, the rapper uses a stronger rhythm and faster speed. Some of the words might not make sense, but if you can keep up with the rapper then you’re on your way to becoming fluent!

9. Learn Word Forms with New Words

Some practice comes before you even open your mouth. Make speaking easier by learning the different forms of any words you learn. You should do this when you’re learning new vocabulary. For example, if you just learned the word write, you should also learn some other forms like wrote and written.
Knowing the correct way to use a word in any kind of sentence is important. This knowledge will help you while speaking. You won’t have to stop and think of different words—you’ll know exactly when you need to use that word while speaking.

10. Learn Phrases, Not Words

An even better idea to improve English is to learn word phrases, not just words.
You might be using correct grammar and vocabulary, but it’s still not how a native speaker would say it.
For example, you can say “how do you feel today?” but a native speaker might say “how’re you doing?” or “what’s up?” instead. Phrases and expressions can be helpful for sounding more natural when you speak.

11. Learn Your Most Common Sayings

Take some time to really notice how you speak in your native language.
What words and phrases do you use the most often?
Learn how to say your most commonly used phrases and words in English. Knowing them in English will help you speak as well in English as you do in your native language.

12. Prepare for Specific Situations

Are you learning English speaking for a specific reason? For example, are you learning English so you can get a job in an English-speaking company? In that case, practice English that will help you in an interview.Are you learning English so you can make friends in America? Then you would need a different kind of English.
Before you go to a place where you have to speak English, you can practice what you might have to say. If you’re preparing to go to a restaurant, what might conversations in a restaurant sound like? Answer the questions a waiter might ask you. Try talking about food and menus.
You’ll feel more confident if you’re prepared!

13. Relax!

You can be your best helper or your worst enemy when learning to speak fluently! We know it’s hard, but you should try not to worry about how you sound when you speak. Just relax!
If you get stuck or confused, just take a big breath and start over. Speak slower if you have to. Take time to pause and think about your next sentence.
Do whatever it takes to become more comfortable with speaking English.

14. Tell a Story from Your Language in English

Here’s a fun way to test how well your spoken English has developed: choose a story that you know really well and tell it in English.
Remember to think in English as you’re telling your story. Focus on speaking fluently instead of correctly. Say every sentence out loud to yourself.

Even if you have nobody to talk to in English, you can still build confidence and master fluency on your own time.
In some ways, practicing speaking is even easier by yourself! Now you know exactly how to improve spoken English by yourself and should feel confident doing so!

Tuesday, December 19, 2017

Levered Free Cash flow



Levered Free Cash flow is the Cash flow after paying the outstanding interest repayments on debt. This would determine the company’s credit record, ability to meet its debt commitments and effectiveness at using company money. A positive levered FCF helps the company to reinvest or distribute it among the shareholders (as dividend). Some of the Analysts might predict/consider Levered FCF after dividend as measure to know the company's real cash position.

FAAMG Stocks



FAAMG is an abbreviation coined by Goldman Sachs for five top performing tech stocks in the market, namely Facebook, Amazon, Apple, Microsoft, and Alphabet’s Google.
Another variation, FAANG, has Netflix in place of Microsoft.

CAT Loss/ Catastrophic Loss



Whenever you read a research document or financial document of an insurance company you may spot a word “CAT Loss/ Catastrophic Loss”.

Catastrophic Loss:
The Loss which is incurred by the insurance company due to Natural disasters & Man made disasters is called as “CAT Loss/ Catastrophic Loss”. 

Catastrophe insurance:
Catastrophe insurance is Insurance to protect businesses and residences against natural disasters such as earthquakes, floods and hurricanes, and against man-made disasters such as terrorist   attacks. Catastrophe insurance is different from other types of insurance in that it is difficult to estimate the total potential cost of an insured loss and a catastrophic event results in an extremely large number of claims being filed at the same time. This makes it difficult for catastrophe insurance issuers to effectively manage risk. Reinsurance and retrocession are used along with catastrophe insurance to manage catastrophe risk.

Multiples (Ratios)



When we were studying we were told that “Ratio Analysis” is one of the quickest ways to analyze the financial performance of a company in several key areas such as Profitability, Liquidity, and Market value etc... Let’s see how these have been practically used in our products & getting Auto-calculated with our underlying consensus estimates.
Equity Product includes the below multiples for NTM (next twelve months) and current FY & Futures periods

  • TEV/REVENUES
  • TEV/EBITDA (ideal is below 10X interpreted as healthy)
  • TEV/EBIT
  • Price/Earnings (P/E ratio)
  • PEG (Price Earnings Growth)
  • P/BV (Price to Book Value/Share(BVPS))

As we know, Enterprise values is company market capitalization + total debt - cash
The first three multiples would be the fundamental indicators  to know the value of a stock and financial health of a company. Since many investors shouldn’t rely on single indicators to measure the company’s performance, our products included multiple combinations taking enterprise value with Revenue, Earnings before Interest, Tax and Depreciation & Amortization or just before the debt obligations (interst) i.e. EBIT.

P/E ratio & PEG, I would say the king of all multiples, many of the analysts interested use them in order to forecast the future Price Target and on how the company going to perform in the market. P/E Ratio is Price to Earnings, i.e. Market value per share divided by Earning per share (EPS) and the PEG ratio is calculated as a company’s trailing price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period. Trailing P/E is past four quarters of earnings.

P/B Ratio is Price to Equity ratio, calculated by using closing stock price and Book value per share which would helpful in determine whether the stock is undervalued or overvalued

Exchange Rate


Most of the Analysts and Companies consider Exchange Rate as one of the core factors in their analysis and predictions since the fluctuation in the currency exchange rate would have a favorable or unfavorable impact on the share price and on the earnings as well. It is one of highly influential macroeconomic factors as it plays a significant role in trade and capital flows.

In simple terms, Forex or Exchange rate is a rate at which one currency will be exchanged for another. But on broader side, the value of one country’s currency & purchasing power in relation to another country currency.

There are basically two types of international exchange rate systems – fixed and floating. In a fixed exchange system, countries establish the ratio of their currencies and then commit to maintaining those rates.  In floating exchange system, a country can elect to allow the market to set the value of its currency. So, when there is increased demand for a currency, its value increases relative to other currencies in floating system.

The differences/fluctuations in the below factors would be a proportionate influence on the exchange rates:
  • Inflation
  • Interest rates
  • Trade - Goods & Services
  • Public Debt
  • Export and Imports, Terms of Trade
  • Political Stability & Economic performance

On the investing side, Currency ETFs are high in demand as they aim to replicate movements in currency in the foreign exchange market by holding currencies either directly or through currency-denominated short-term debt instruments.

Wednesday, October 25, 2017

Cloud Computing


n one way or another, we might be using “the Cloud” in our daily life (either at work or personal) without knowing what exactly it is and its usage:
                                                            Image result for cloud
“The Cloud” is simply the trendy term for a network or remote servers that can be accessed via an Internet connection store and manage information. In other words, it’s a place other than your computer that you can use to store your stuff. Cloud computing consists of hardware and software resources made available on the Internet as managed third-party services.

Let take an Example of Google Drive is just like Dropbox, but it integrates with all of your Google tools like Google Docs, Gmail and others.

Types of Cloud Computing

Service providers create cloud computing systems to serve common business or research needs. Examples of cloud computing services include:

Virtual IT (Information Technology): Configure and utilize remote, third-party servers as extensions to a company's local IT network

Software: Utilize commercial software applications, or develop and remotely host custom built applications

Network storage: Backup or archive data across the Internet to a provider without needing to know the physical location of storage

How it works?

A cloud computing system keeps its critical data on Internet servers rather than distributing copies of data files to individual client devices. Video-sharing cloud services like Netflix, for example, stream data across the Internet to a player application on the viewing device rather than sending customers DVD or BluRay physical discs.

Pros & Cons:

No service is perfect. The cloud has its advantages and disadvantages, being it accessible anywhere, offering bigger storage but has some privacy and security risks depending the cloud you've chosen!

Monday, September 4, 2017

Earnings Surprise:


An earnings surprise is the difference between companies reported quarterly or annual profits and analysts’ expectations. Theoretically, analysts’ expectations about a company's performance are based on its previous quarterly or yearly reports, the company guidance and current market conditions. The company earnings could be above or below these analysts’ expectations.


can have a huge impact on a company’s stock price; a negative surprise will gradually result in decline in share price and vice –versa and leads to fluctuations at the Indicies (like S&P500, DowJones) as well.

Sunday, June 12, 2016

What is STT?

     


Securities Transaction Tax (STT) is a tax being levied on all transactions done on the stock exchanges at rates prescribed by the Central Government from time to time. Pursuant to the enactment of the Finance (No.2) Act, 2004, the Government of India notified the Securities Transaction Tax Rules, 2004 and STT came into effect from October 1, 2004. 

Arbitration & Auction


      What is an Auction?

The Exchange purchases the requisite quantity in the Auction Market and gives them to the buying trading member. The shortages are met through auction process and the difference in price indicated in contract note and price received through auction is paid by member to the Exchange, which is then liable to be recovered from the client.

     What is Arbitration?


Arbitration is an alternative dispute resolution mechanism provided by a stock exchange for resolving disputes between the trading members and their clients in respect of trades done on the exchange.

In case of purchase/sale of shares, when do I make payment to the broker?


     In case of purchase of shares, when do I make payment to the broker?

The payment for the shares purchased is required to be done prior to the pay in date for the relevant settlement or as otherwise provided in the Rules and Regulations of the Exchange.

     In case of sale of shares, when should the shares be given to the broker?


The delivery of shares has to be done prior to the pay in date for the relevant settlement or as otherwise provided in the Rules and Regulations of the Exchange and agreed with the broker/sub broker in writing.

What is the pay-in day and pay- out day?




Pay in day is the day when the brokers shall make payment or delivery of securities to the exchange. Pay out day is the day when the exchange makes payment or delivery of securities to the broker. Settlement cycle is on T+2 rolling settlement basis w.e.f. April 01, 2003. The exchanges have to ensure that the pay out of funds and securities to the clients is done by the broker within 24 hours of the payout. The Exchanges will have to issue press release immediately after pay out.

Role of Broker and Sub-broker in the Secondary Market



    Whom should I contact for my Stock Market related transactions?

You can contact a broker or a sub broker registered with SEBI for carrying out your transactions pertaining to the capital market.

    Who is a broker?

A broker is a member of a recognized stock exchange, who is permitted to do trades on the screen-based trading system of different stock exchanges.  He is enrolled as a member with the concerned exchange and is registered with SEBI.

    Who is a sub broker?

A sub broker is a person who is registered with SEBI as such and is affiliated to a member of a recognized stock exchange.

    How do I know if the broker or sub broker is registered?


You can confirm it by verifying the registration certificate issued by SEBI.  A broker's registration number begins with the letters "INB" and that of a sub broker with the letters “INS". For the brokers of derivatives segment, the registration number begins with the letters “INF”. There is no sub-broker in the derivatives segment.

What are the various types of financial markets?

     
The financial markets can broadly be divided into money and capital market.

Money Market: Money market is a market for debt securities that pay off in the short term usually less than one year, for example the market for 90-days treasury bills. This market encompasses the trading and issuance of short term non equity debt instruments including treasury bills, commercial papers, bankers acceptance, certificates of deposits, etc.


Capital Market: Capital market is a market for long-term debt and equity shares. In this market, the capital funds comprising of both equity and debt are issued and traded. This also includes private placement sources of debt and equity as well as organized markets like stock exchanges. Capital market can be further divided into primary and secondary markets.

What are the products dealt in the secondary markets?


     Following are the main financial products/instruments dealt in the secondary market:


Equity:  The ownership interest in a company of holders of its common and preferred stock. The various kinds of equity shares are as follows –

Equity Shares:

An equity share, commonly referred to as ordinary share also represents the form of fractional ownership in which a shareholder, as a fractional owner, undertakes the maximum entrepreneurial risk associated with a business venture. The holders of such shares are members of the company and have voting rights. A company may issue such shares with differential rights as to voting, payment of dividend, etc.

  • Rights Issue/ Rights Shares: The issue of new securities to existing shareholders at a ratio to those already held.

  • Bonus Shares: Shares issued by the companies to their shareholders free of cost by capitalization of accumulated reserves from the profits earned in the earlier years.

  • Preferred Stock/ Preference shares: Owners of these kind of shares are entitled to a fixed dividend or dividend calculated at a fixed rate to be paid regularly before dividend can be paid in respect of equity share. They also enjoy priority over the equity shareholders in payment of surplus. But in the event of liquidation, their claims rank below the claims of the company’s creditors, bondholders / debenture holders.

  • Cumulative Preference Shares.  A type of preference shares on which dividend accumulates if remains unpaid.  All arrears of preference dividend have to be paid out before paying dividend on equity shares.

  • Cumulative Convertible Preference Shares: A type of preference shares where the dividend payable on the same accumulates, if not paid.  After a specified date, these shares will be converted into equity capital of the company.

  • Participating Preference Share: The right of certain preference shareholders to participate in profits after a specified fixed dividend contracted for is paid.  Participation right is linked with the quantum of dividend paid on the equity shares over and above a particular specified level.


  • Security Receipts: Security receipt means a receipt or other security, issued by a securitisation company or reconstruction company to any qualified institutional buyer pursuant to a scheme, evidencing the purchase or acquisition by the holder thereof, of an undivided right, title or interest in the financial asset involved in securitisation.

Government securities (G-Secs): These are sovereign (credit risk-free) coupon bearing instruments which are issued by the Reserve Bank of India on behalf of Government of India, in lieu of the Central Government's market borrowing programme. These securities have a fixed coupon that is paid on specific dates on half-yearly basis. These securities are available in wide range of maturity dates, from short dated (less than one year) to long dated (upto twenty years).

Debentures: Bonds issued by a company bearing a fixed rate of interest usually payable half yearly on specific dates and principal amount repayable on particular date on redemption of the debentures. Debentures are normally secured/ charged against the asset of the company in favour of debenture holder.

Bond: A negotiable certificate evidencing indebtedness. It is normally unsecured. A debt security is generally issued by a company, municipality or government agency. A bond investor lends money to the issuer and in exchange, the issuer promises to repay the loan amount on a specified maturity date. The issuer usually pays the bond holder periodic interest payments over the life of the loan. The various types of Bonds are as follows-

Zero Coupon Bond:  Bond issued at a discount and repaid at a face value. No periodic interest is paid. The difference between the issue price and redemption price represents the return to the holder. The buyer of these bonds receives only one payment, at the maturity of the bond.

Convertible Bond: A bond giving the investor the option to convert the bond into equity at a fixed conversion price.

Commercial Paper: A short term promise to repay a fixed amount that is placed on the market either directly or through a specialized intermediary.  It is usually issued by companies with a high credit standing in the form of a promissory note redeemable at par to the holder on maturity and therefore, doesn’t require any guarantee. Commercial paper is a money market instrument issued normally for a tenure of 90 days.


Treasury Bills: Short-term (up to 91 days) bearer discount security issued by the Government as a means of financing its cash requirements.

SEBI and its Role in the Secondary Market




          What is SEBI and what is its role?

The SEBI is the regulatory authority established under Section 3 of SEBI Act 1992 to protect the interests of the investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith and incidental thereto.

What are the various departments of SEBI regulating trading in the secondary market?

The following departments of SEBI take care of the activities in the secondary market.


Sr.No.
Name of the Department
Major Activities
1.
Market Intermediaries Registration and Supervision department (MIRSD)
Registration, supervision, compliance monitoring and inspections of all market intermediaries in respect of all segments of the markets viz. equity, equity derivatives, debt and debt related derivatives.  
2.
Market Regulation Department (MRD)
Formulating new policies and supervising the functioning and operations (except relating to derivatives) of securities exchanges, their subsidiaries, and market institutions such as Clearing and settlement organizations and Depositories (Collectively referred to as ‘Market SROs’.) 
3.
Derivatives and New Products Departments (DNPD)
Supervising trading at derivatives segments of stock exchanges, introducing new products to be traded, and consequent policy changes

How to Improve Spoken English (Without a Speaking Partner!): 14 Incredible Methods

1. Think in English Sometimes the difficult thing about English speaking isn’t the language itself, but how you think about it. If yo...