Showing posts with label stock market. Show all posts
Showing posts with label stock market. Show all posts

Friday, August 23, 2019

“Businessmen” in Uniform – Military Humor

Humor in Uniform 

Military Officers are often stereotyped into quintessential archetypes – some of which are portrayed in Movies. 

And – of course – you must be aware of the legendary “Colonel Blimp” and “Captain Haddock” etc 

But – when you join the Armed Forces – you realize that there are all sorts of Officers with different personalities.

Among Defence Officers – there are many unique and eccentric characters – each with his own idiosyncrasy. 

This is especially so in the Navy – since – Naval Officers are a cut above the rest. 

An interesting category I discovered were “Businessmen” in Uniform 

Here are some hilarious encounters with “Businessmen” in Uniform – some of whom I met during my Navy days...

“BUSINESSMEN” IN UNIFORM
A Fictional Spoof
By
VIKRAM KARVE


Part 1 – “SATTA BAZAAR”

This happened more than 42 years ago – in the 1970’s.

Six of us “piddly” Sub Lieutenants from various ships sat in front of a chubby Commander in Western Naval Command (WNC) Headquarters at Mumbai (then called Bombay).

Those days – the WNC Headquarters was located in a civilian building in Fort area of Mumbai.

We had been “detailed” for some “bum jobs” connected with Navy Week – and – the podgy Commander was briefing us. 

The portly Commander was from the erstwhile Supply and Secretariat (S&S) Branch (now called Logistics Branch).

The roly-poly Commander was a Senior Staff Officer in the WNC Headquarters.

Suddenly – the phone on the table rang – and – the Commander picked it up. 

I saw him listening intently on the phone – he only listened – he didn’t speak a word.

I don’t know what the Commander heard on the phone – but whatever he heard on the phone – it suddenly galvanized him into action. 

The Commander suddenly stood up abruptly – I was surprised by the speed of his movement despite his corpulence and huge size. 

The Commander told us that something urgent had come up.

He told us that he would be back soon. 

He ordered us that we should wait for him.

Then – the podgy Commander threw a file in front of us. 

He told us to read the file till he got back.

Then – he swiftly grabbed a civilian bush shirt which was hanging on the hat-stand. 

And – he wore the blue bush-shirt over his white uniform shirt. 

He looked funny in a blue bush shirt, white uniform trousers and white buck-skin shoes. 

The Commander picked up his briefcase – and – he disappeared at the speed of light.

We waited patiently in his office.

More than 30 minutes passed. 

Yes – we had been waiting for half an hour.

So – we went over to the office hall – and – we asked the clerical staff if they knew when the Commander would be back.

“Don’t worry. He must have gone to “Dalal Street” to meet his broker in the “Bombay Stock Exchange”. He will be back soon...” the Commander’s PA said.

(Remember – this happened in the 1970’s – when there was no internet – there was no online trading – and – you had to physically trade shares and stocks through your stock broker)

When the Commander returned – he seemed quite cheerful and he was in a happy mood.

I do not know whether he was a “Bull” or a “Bear” – but from his happy mood – it appeared that he had made a lot of money that day.

After a “brief” briefing on the “official” matter – the Commander educated us on investing and trading in stocks and shares – and – he told us how much money could be made in the stock market – rather than the conventional savings methods like Provident Funds and Fixed Deposits – which we were doing.

Later on – during my Naval career – I met many such “Bulls” and “Bears” in the Navy – fanatical “punters” who were more preoccupied with the Stock Market than their Naval Duties. 

These “punters” in uniform tried their best to remain in Mumbai – so that they could indulge in their passion of “playing” the stock-market (“satta bazaar...”)

Now – thanks to internet – with the advent of online trading – it has become ever so easy for these “punters” to indulge in their stock market trading – from home – and from office during working hours – even if they are posted far away from Mumbai in remote locations. 

Technology has proved a big boon for “punters” in uniform.

You can use your PC, your laptop, or even your mobile smart-phone – to indulge in “satta bazaar...” 

And – you can do it round the clock – 24/7 – anytime – anywhere.

Someone told me that – nowadays – Navy Wives are heavily into “online trading” in shares on the stock market – and – many Navy wives are earning good money “working” from home on the “satta bazaar...”


Part 2 – “REAL ESTATE” 

During my stints in inter-service establishments – especially in IAT Pune – I discovered many “businessmen in uniform” in the Army and Air Force too – with other business interests.

“My boss is more of a businessman then a soldier...” an Army friend of mine once commented. 

And – he went on to tell us that his senior was heavily engaged in real estate speculation and was least interested in soldiering duties – which he left to his juniors.

There was another officer – who would spend hours exhorting junior officers to buy property – explaining to them the various tax benefits – telling them how much the value of their property would appreciate – the rent returns – and that real estate was the best investment.

Was he doing this for purely altruistic reasons...?

Well – that I will leave it for you to guess.

But – I wonder whether it was a curious coincidence that he was plugging only residential schemes of a certain builder – arranging site visits – facilitating loans – and helping out with paperwork.

Others were busy investing in land, property and real estate – in and around the city.

Yes – apart from the “stock market” – “real estate” – the “property market” – this seemed to be quite popular with “businessmen in uniform” – and – of course – there were many other “businesses” as well – some of which they pursued on their wives’ and children’s names.

All these “businessmen in uniform” seemed to be more engrossed in making money – rather than their military soldiering duties.

I often wonder why such money-minded individuals join the Armed Forces.

If you have a talent for business – then why waste your life soldiering in the Defence Services...?

If you have financial acumen – why not utilize your talent in the business-world rather than in the military...?


Part 3 – “FAUJI” BUSINESSMEN

If you are thinking of a career in the Armed Forces – the Army, the Navy or the Air Force – I will recommend that you read a book called CATCH-22 by Joseph Heller before you join up.

Catch-22 will give you an idea of what life is like in the Defence Services.

Have you committed the “blunder” of joining the Army, Navy or Air Force without having read CATCH-22...?

Yes...? 

You joined the “FAUJ” without having read Catch-22...?

Not to worry...!!! 

As they say – “better late than never”.

So even if you already in uniform – it would still be a good idea to read the book – so that you can appreciate the various “Catch 22” situations around you.

More importantly – it will help you comprehend the seemingly crazy behaviour of the motley characters you encounter every day in your military environment by relating them to the inimitable characters depicted in CATCH-22.

During my long years in the Navy – I came across almost all characters of Catch-22 – Dreedles, Cathcarts, Peckems, Doc Daneekas, Dunbars, Korns, Scheisskopfs, Wintergreens, De Coverleys, plenty of Yossarians – yes – I encountered all sorts of idiosyncratic types.

And – of course – how can I forget the canny Machiavellian “Milo Minderbinders” – those “businessmen in uniform” who are proliferating like hobgoblins all over in the Defence Services.

In Catch-22 – the character of Lieutenant Milo Minderbinder represents a typical “businessman in uniform”.

He looks at everything from a financial angle – and his motto is: 

“what is in it for me...?”

Milo’s sole obsession is to make “profit” – and he has no allegiance to anyone or anything.

Just like the character of Milo Minderbinder in Catch-22 – there are an increasing number of money-minded “businessmen in uniform” – who are obsessed with money matters – and their sole aim is to derive “benefit” from the service.

From the day join the Military – they seem more interested in their “entitlements” and “privileges” – rather than their soldiering duties.

Forever – they keep comparing their pay and perks with others (especially with civilian bureaucrats)

They make sure they extract the maximum benefits – and are paranoid about losing out on perks and pecuniary privileges.

They never seem to be satisfied and content with what they get in the service – and they have an insatiable greed for more.

It is these greedy “businessmen in uniform” who perpetuate corruption and get involved in all sorts of scams – which tarnish the image of the Defence Services – and destroy the inner discipline and moral fabric of the Armed Forces.


Part 4 – “MILITARY MINDSET” versus “BUSINESS ACUMEN”

Business Acumen and Military Attitude are stark opposites.

In fact – they are mutually exclusive.

You can either have a Military Mindset – or – you can have Business Acumen.

You cannot simultaneously have both.

You can either be a Businessman – or you can be a Soldier – but you cannot be both at the same time.

I am of the firm view that those with a “military mindset” should keep away from the business world.

And similarly – those with a “nose for business” must keep away from the Military.

“Military Ethic” is different from “Business Ethic”.

The two are poles apart and there is no congruence between them.

For a Businessman – Profit is the sole motive.

For a Soldier – Patriotism is the leitmotif.

The essence of corporate business ethic is: 

“money comes before anything else”.

“Businessmen in Uniform” apply this tenet (“money comes before anything else”) even in the Armed Forces – and ruin the inherent value-based military ethos of the defence services.

It is these “Businessmen in Uniform” who are responsible for the corruption and scams that tarnish the reputation of the defence services.

(Of course – you may also find some “soldiers” among businessmen – who create business fiascos – but that is another story – which I shall discuss later)

The numerous scams and acts of corruption which have been reported in the media is a sign of the proliferation of these “businessmen in uniform” in the defence services – even at the highest levels of the hierarchy.

Unfortunately – in recent times – an increasing number of senior officers – even Chiefs – are getting embroiled in scams, corruption cases, unethical acts and controversies.

All this not only tarnishes the good reputation of the defence services – but also adversely affects inner discipline – as juniors stop respecting their seniors who lose “moral ascendancy”.

How have we reached a stage where it is possible for so many “businessmen in uniform” to get promoted to high rank...?

Or – is it the other way round?

Have we reached a situation that – unless you are a “businessman in uniform” – it will be difficult for you to get promoted to senior rank...?

It is for you to have a thorough look at the top brass and study the promotion trends in your service and reach your own conclusion.

But one thing is sure.

All these “businessmen in uniform” have one attribute – TACT – which is euphemism for “moral pliability”.

And in today’s world – “TACT” is the vital “Officer Like Quality” – that helps an officer rise to high rank.

Of course – in addition to “businessmen in uniform” – we have “politicians in uniform” too – and combinations of the two.

But that is another story.


Part 5 – THE “OROP” “NFU” “MONEY” OBSESSED MILITARY VETERANS

At a recent get-together of Military Veterans – I noticed two types of retired “faujis”.

The first “nostalgic” group was talking about their “good old days” in the Military.

The second “money-minded” group was discussing financial matters. 

These money-oriented military veterans (retired “businessmen in uniform”) – they were getting especially getting agitated about the hot topics of the day – OROP – aka “One Rank One Pension” – NFU – “Non-Functional Upgradation” – and – 7CPC Anomalies – aka “Seventh Central Pay Commission” Anomalies. 

These “money-minded” military veterans – erstwhile “businessmen in uniform” – they are always busy calculating and comparing how much money they are going to get – especially as compared to the civil services. 

Habits die hard...!!!  LOL  

VIKRAM KARVE
Copyright © Vikram Karve 
1. If you share this post, please give due credit to the author Vikram Karve
2. Please DO NOT PLAGIARIZE. Please DO NOT Cut/Copy/Paste this post
© vikram karve., all rights reserved.

Disclaimer:
1. This article is a fictional spoof, satire, pure fiction, just for fun and humor, no offence is meant to anyone, so take it with a pinch of salt and have a laugh.
2. All stories in this blog are a work of fiction. Events, Places, Settings and Incidents narrated in the stories are a figment of my imagination. The characters do not exist and are purely imaginary. Any resemblance to persons, living or dead, is purely coincidental.

Copyright Notice:
No part of this Blog may be reproduced or utilized in any form or by any means, electronic or mechanical including photocopying or by any information storage and retrieval system, without permission in writing from the Blog Author Vikram Karve who holds the copyright.
Copyright © Vikram Karve (All Rights Reserved)
     
© vikram karve., all rights reserved.
 

Tuesday, September 6, 2016

Financial Planning Mantra for “Soldiers” in Uniform (Not Applicable to “Businessmen” in Uniform)

NB: The generic term “Soldier” refers to all Defence Service Personnel (Officers, Soldiers, Sailors and Airmen of the Army, Navy and Air Force) who have a “Military Mindset”

FINANCIAL PLANNING MANTRA FOR DEFENCE PERSONNEL
For “Soldiers” in Uniform 
(Not Applicable to “Businessmen” in Uniform)
Musings of an “Antiquated” Navy Veteran
By
VIKRAM KARVE 

“Put all your eggs in one sturdy basket – and keep an eye on the basket”.

If you are a defence officer, serving or retired, from the army, navy or air force, or a soldier, sailor or airman, you know that the money you earn is truly hard-earned money.

Also, by their very nature, attitude and temperament, most defence personnel are not money-minded. 

Military persons are not money-smart. 

In view of their way of life – soldiers are not financially astute.

A money-minded individual will never join the military – he will prefer to open his own business, become an entrepreneur and make money rather than earn a salary by working for someone else.

Even if a money-smart person decides to work, he will take up a job in the financial world or in an industry where his career prospects are much better and where he can earn much more money than in the defence forces.

A quintessential soldier has another curious quality – he will be ready to risk his life but he is averse to taking financial risk.

Thus, he looks for safe risk-free investments.

Owing the nature of his job – a defence person is posted to remote desolate areas or on a ship on the high seas where he may not even have immediate access to information on stock markets – in many cases he may not even have internet access or reliable swift communication facilities. 

This makes it difficult for a defence person to keep track of equity related investments.

In view of remote postings and frequent transfers – investing in real estate entails too many hassles.

You have to keep regular track of various property taxes, society charges, water and electricity charges, rentals and lease paperwork (in case you have rented or leased out your flat).

Owning to your physical absence for the entire time, renting or leasing your house has an element of risk too. 

Also remember that real estate property investment is:

1. indivisible (you cannot sell 10% of your flat) 
and 
2. illiquid (selling property is very cumbersome process).

And if you have invested in land it is very difficult to protect and look after your land since you are posted so far away.

What a defence person wants is hassle-free investments.

And for a soldier, investing in equity and real estate involve a lot of hassle because of the nature and requirements of his job.

In a nutshell the two essential attributes of financial planning for defence personnel are:

1. Risk-free Investments

2. Hassle-free Investments


While you are in service it is best to invest your savings in your Provident Fund (DSOP Fund or Defence Services Officers Provident Fund).

The DSOP Fund is probably the safest place to put your money and is a totally risk-free investment.

It is a totally hassle-free investment too since your subscription instalment gets automatically cut from your monthly pay and is immediately credited every month to your Provident Fund Account.

Also, wherever you are located, tracking your investment is easy since details of your DSOP Fund investments are given to you every month on your payslip.

Investing in DSOP Fund has tax benefits too – you get tax rebate on your investment in your Provident Fund and even the interest you earn is tax-free. Thus, you are saved income tax hassles too. Also, in view of cumulative interest, the returns are quite good too.

Let us reiterate the financial planning “mantra”:

“Put all your eggs in one sturdy basket – and keep an eye on the basket”.

Provident Fund fits the bill because the DSOP (Provident) Fund is indeed a very “sturdy” basket and it is very easy for you to “keep an eye” on this “basket”.


RETIREMENT – Financial Planning for Veteran Ex-Serviceman

And what do you do after retirement?

When you retire you may get a substantial sum of money including the accumulated savings in your DSOP Provident Fund and other retirement benefits like gratuity etc.

So what do you do with all that money?

Simple – just put your money in a Fixed Deposit in a Nationalised Bank (preferably the State Bank of India) [Risk-free] and give standing instructions for crediting Quarterly or Monthly Interest to your Savings Account [Hassle-free].

In case you have a pension and do not require monthly interest income, you can open a Multi Option Deposit (MOD) Account (a savings accounts with benefits of Fixed deposit higher rate of interest) where your money is automatically swept in or swept out on Last-In-First-Out (LIFO) basis as per your requirement. 

This too is hassle-free since all operations and renewals are done automatically.

When you retire – you want peace of mind.

Investment in Equity and Mutual Funds – Trading in Stocks and Shares – all this is not only a risky proposition – but involves a lot of hassle – as you have to constantly keep track of your investments – and – monitor your investments.

If you put your life savings into investments which are risky and involve hassles – your peace of mind will be disturbed because of the anxiety caused by the financial risk and the bother caused by the hassle in money management.

This will result in stress and disturb the tranquillity of retirement bliss.

Yes – you may make more money in the stock market.

But then – is it worth making money at the cost of disturbing your peace of mind – especially in the evening years of your life....?

Tell me – after a certain age – what is the point of making more money...? 

Can you carry all that money with you to heaven – when you take leave of this world and depart for your heavenly abode...? 

VIKRAM KARVE
Copyright © Vikram Karve 
1. If you share this post, please give due credit to the author Vikram Karve
2. Please DO NOT PLAGIARIZE. Please DO NOT Cut/Copy/Paste this post
© vikram karve., all rights reserved.

Disclaimer:
1. This article is based on my personal experience. It may or may not work for you. So please do due diligence before trying out this technique.
2. All stories in this blog are a work of fiction. Events, Places, Settings and Incidents narrated in the stories are a figment of my imagination. The characters do not exist and are purely imaginary. Any resemblance to persons, living or dead, is purely coincidental.

Copyright Notice:
No part of this Blog may be reproduced or utilized in any form or by any means, electronic or mechanical including photocopying or by any information storage and retrieval system, without permission in writing from the Blog Author Vikram Karve who holds the copyright.

Copyright © Vikram Karve (all rights reserved)

Repost of my article FINANCIAL PLANNING MANTRA FOR DEFENCE PERSONNEL posted online by me earlier on March 23, 2013 in my Academic and Creative Writing Journal Blog at url: http://karvediat.blogspot.in/2013/03/financial-planning-mantra-for-defence.html