While Indians are increasingly downloading Snapchat on their smartphones, the company’s CEO feels India is “too poor” to seriously consider expanding its user base. According to a report by Variety, the disparaging comment was made by the CEO of Snapchat, Evan Spiegel during a meeting to discuss the growth of the app’s user base in 2015.
Barclays will pay additional $1.6 billion fee on clients, who have been mis-sold toxic securities. India’s market for luxury goods continues to grow, despite the crisis. The US government charged S&P for falsifying rates on risky investments. Facebook is the most used app on mobile devices with 23% of the total time used on mobile apps.
NEW DELHI: Making money in the stock market is not everybody's business, but several fund managers on Dalal Street have made a name as astute stock pickers by delivering handsome returns. On Monday, ET Wealth in association with mutual fund research firm Morningstar brought out the ranking of the best equity fund managers of 2016. The study was based on the performance of equity funds over a five-year period from July 1, 2011 till June 30, 2016. Top stocks handpicked by these fund managers have given up to 80 per cent returns so far in 2016.
By The Financial Lexicon:Selling puts is one strategy that can lead to long-term investing success. As part of any diversified portfolio, investors will have several allocations and strategies which are used to meet their long-term goals. I think the strategy of selling puts with just one to four weeks to expiration many times over the course of a year can be quite a rewarding strategy for long-term investors. Remember not to confuse long-term investing with buy-and-hold investing.