It's now about 2 weeks since I first rode my Gixxer Thou and I've already done 250 miles on it. I'm amazed at the difference in the performance level between the FZ1-SA and the GSXR 1k k8. I was reminded enough times that the Gixxer Thou is a completely different beast to the FZ1-SA and I now know why that reminder should be respected.
First ride:
My first ever ride was a very tentative one. The switch (from FZ1) was dramatic in every sense of bike riding. It took me a while to get used to the low-sporty seating position. To my height, the Gixxer doesn't pose a problem to the knees or neck. I've been using the engine map mode-A all the time except when I took it on my test ride.
First 100 miles:
The first 100 miles included a two-up with my wife on A406/M11. The bike handles pretty well when filtering through stationary traffic. With the FZ1, when I used to ride two-up I'd always be extra-cautious as the mirrors were very wide, but on this it's so easy to squeeze through. And the bike is far lighter to easily manoeuvre.
Riding solo with cross-winds seems to be less of a problem on a Gixxer than the FZ1-S with a full body cowl. I'm not sure if the "Steering Damper" helps in reducing the effects of cross-winds but it certainly makes me feel more confident.
Performance:
There are enough websites to tell about the performance of the Gixxer Thou K8 but what I'd like to share is how it differs to my previous bike. FZ1 was by no means a sluggish bike. To my level, I've accelerated hard, braked hard, did 70(mph) in 1st, rode it well on the country roads. But when compared to the Gixxer Thou's acceleration and deceleration, FZ1-S is a mile away. One factor could be the weight and the other the close-box gear ratio. I remember an instance when an R1 left us for dead at the traffic lights earlier this Spring. I thought that I wasn't accelerating hard enough to keep up with the R1. But having ridden a Gixxer Thou I now know that it's just that R1/Gixxer accelerate far more quickly than an FZ1. Nowadays with the Gixxer, when I leave the traffic lights I get to the road speed limit even before I can physically say "I've reached the road speed limit", that is how quick the bike is.
The deceleration achieved when closing the throttle in the 1st or 2nd gear is scintillating. Unless you anticipate this, say for a new rider never ridden a big superbike, it could potentially spell doom. I've now tried closing the throttle at various speeds in the bottom gears and can now anticipate the effect of deceleration.
More experimentation:
Last weekend took the bike out to learn more about the bike's behaviour in various combinations of speed/gears. I tried various gears on the M11 Motorway doing 70-75. In 1st, the engine does about 8k revs and the bike feels as a proper sports bike. Switch to 2nd, the revs doesn't drop that much and the bike still feels quick. In 3rd, the bike feels very comfortable and there is very minimal vibration. In 4th, there is significant vibration that could be felt through the legs and the engine does exactly 6k revs. Fifth gear is a no-go, as the bike seems to die out and sixth is certainly to be avoided as there is no response from the engine and the engine does 5k revs.
The Gixxer feels very happy to get in/out of corners/bends. I feel more confident in leaning into a corner. Taking the left-hand off to look for blind spots is so easy even in cross-winds as the bike feels very stable.
Problems:
The only problem I find with this bike is the lack of a fuel meter. I'm having to calculate using one of the two trip meters to find out how much fuel I'm likely to have. The other problem is the windshield noise, seems to be worse than the FZ1-S. I have tried various riding positions, tucked-in completely but still can't do anything about it. I'll think about having a double-bubble screen to reduce the noise and start using the in-ear plugs.
Am I good enough?:
There is no need to answer this. Unless you are in the 1st gear on Motorways, you are not even going to touch the envelope of performance of this bike. The Gixxer is one of my dream bikes. Taking it out is enough to live that dream.
Thursday 10 September 2009
Sunday 23 August 2009
First ride on GSXR 1000 K8
It's been over a year now since I rode a litre street bike, my Yamaha FZ1-SA. I'd a great time with that bike. Over the last year, I got so comfortable with it that I decided to go touring with my wife. That was the highlight of owning that machine. I did some riding last winter and lots of miles in pouring rain. After a year and 3750 miles, I thought it was time to switch to a litre supersport bike, Yamaha R1 or Suzuki GSXR 1000 both 2008 models.
I've always been an ardent Yamaha fan. It's certainly due to two factors, one being Grand Prix racing and the other being the then famous Yamaha RX100 (in India). Having said this, the only other production sports bike I liked was the Suzuki GSXR 750 SRAD. For some reason, I never had a strong affinity to Honda or Kwaki bikes.
When I decided to buy my next bike, it was a simple choice between the R1 and Gixxer 1000. I know very well that I'll never be good enough to take these machines anywhere near to what they are capable of doing. But it's the pride of ownership and a dream come true more than anything else. If not for the undertail exhausts, I'd have gone with the R1. After a lot of deliberation, I decided to go with the Gixxer Thou.
When I went for my first test ride, I was told that the power/response difference to my current bike would be significant. With the showroom staff around I just went for a very short stroll in the showroom front to have a feel for the bike. I was assured by the staff that I was smooth on the throttle and should not have a problem. I started with the "C mode", where the bike behaved more like a tame 600cc street bike. After a mile or so, I switched to the default "A mode", with full power, and I could find the difference between my FZ1 and this. The throttle response was so much sensitive that I'd to keep an eye on the speedo to keep within the 40mph/64kmph speed limit. Compared to the FZ1 the brakes were phenomenal, perhaps it is due to the significantly lower weight. Every bump on the road was transferred to my shoulders and this was very new to me. I've never felt the bumps on the FZ1. Well, that is what a supersport is supposed to be. I did a few miles on my first ride and I was already getting used to the power and the brakes. I practised a few roundabouts and tight turns just to see how I was coping with the very little movement of the bars.
I just can't wait to get my new bike delivered. I hope to do a few miles before the winter and hopefully will have this bike for some time.
Tuesday 28 July 2009
Motorcycling holiday in North Wales-Day 1
It's been a very long time since I'd taken a proper holiday. The last time I'd been on a proper holiday was in August 06 to the Andaman islands. I was planning to tour the Shetlands or Ireland. But to certain constraints I suddenly decided to tour North Wales. My wife was happy with the location as well, I suppose. With the location and travel dates finalised, I'd to quickly book the accommodation and there weren't many available. Finally managed to book a room in Bryn Bella in Betws-Y-Coed for our stay as this had a secure garage for bikes. We went and bought new sports panniers for my bike for the tour and was eagerly waiting for the tour to begin. On the weekend before the tour began, took my bike to have a general check-up. Everything was now as planned and we were just waiting for the weekend to over for us to start our tour.
We began the tour on Monday. We wanted to leave our place by 1030 or 1100. But it took us a while to fasten the panniers to the bike which meant we managed to leave the place just after 1200. The bike felt very strange with the extra weight, to the extent I was able to touch the ground very comfortably. After fuelling up at Barking Tesco, the real journey to Betws-Y-Coed began. The weather prediction for the day, and for the week, wasn't great. It was predicted to be a washout week. At least we started in the dry. We took to A406 to get to A1/M1. We had no rain for the first 50 miles or so. We were cruising on M1 when the heavens opened and the visibility from spray was so bad that it slowed us and the Motorway traffic to about 40/50mph.
We had the first break at M1 Watford Gap Services. We had covered 90 out of 240 miles. The eateries in any Services is a rip off. After having a good lunch and changing gloves, filled-up the bike and continued our journey. It had stopped raining and I was quite eager to eat up the miles before the next break and the rain. The next 50 miles was rain-free. We stopped again in Shrewsbury A5/A49 junction Services for some tea and petrol. The rain continued unabated.
I've read a lot about the scenic roads in North Wales. The first taste of the wonderful biking routes I've read about was when we entered Llangollen. From there to Betws-Y-Coed, the A5 was fantastic with sweeping bends and some flowing corners. To our joy, the rain had stopped but the road was still damp. The one thing I hated was getting stuck behind a truck or gaggle of slow moving cars. Enjoying the scenic roads we reached the B&B just after 1830. We had done 240 miles on that day in the worst rainy conditions I've ever ridden. The bike looked like a dirt-bike. Anyway I wasn't going to clean it as the rain was expected for the next few days.
In the evening we went to the town to have some take-away and explore by foot. With the first day of our trip finished we went to bed early to have an early start to take the 0900 Snowdon Mountain train.
Motorcycling holiday in North Wales-Day 2
The main interest of the day was to go to the Snowdon Summit by Snowdon Mountain Train. We had booked tickets for the 0900 train as it was offered at half-price. I wasn't sure if there was any safe parking for bikes at the train station. The B&B host assured us that loads of bikers get there so it shouldn't be a problem.
The route we took was A5/A498/A4086. To get to Llanberis we had to ride through the Pen-Y-Pass and Llanberis Pass. Mountain passes are always beautiful and on a bike it feels extra special. I was cautious not to get (too) excited while riding downhill. At places, there isn't a big room for errors on he Llanberis Pass. The downhill left/right/left flips have to be experienced first hand. The only place where I made a misjudgement was at a very sharp right-hander leading to a very narrow stone bridge. After leaning I found out pretty quickly I was never going to make the turn. So it was time to put theory to practise - sat up and loaded the front as much as I felt it was safe. We managed to get to Llanberis all intact in one piece.
I parked the bike at a nearby hotel parking that was manned. With less than 5 minutes to get to the ticket office to collect the tickets and board the train, we had to literally run from the parking. By the time we got to the train, they had closed the gate and the option of travelling at half price was gone. We waited for another hour before boarding the lovely steam Snowdon train.
For some reason, I felt so nostalgic about these steam trains. Perhaps its the smell of steam or the sound of the engine that makes me feel so. The journey to the Snowdon summit was wonderful. It was only partially cloudy and was not raining. We were able to see the Llanberis Pass from half-way up the summit. The walkers path runs close to the train track and we could see a lot of walkers of all ages. The views on our way were simply stunning.
After the Snowdon Mountain train ride, we had our lunch at the station cafe. There I met a group of 4 bikers who had come from Liverpool on a day ride to Snowdon. I went to check if they had any chain spray with them as my chain's lubricant got completed washed out in the heavy rain on our onward journey. I got the chain spray and then We'd a long chat about our trip. After they had left I continued my cold lunch and continued our day tour.
Our next stop was Caernarfon Castle. Though Caernarfon was a few miles from Llanberis on A4086, We decided not to take that route and instead re-traced our morning journey to Llanberis and took to A498 to go to Porthmadog and Caernarfon. A498 is another scenic route with some good view points. There is a mini waterfall couple of miles from A498/A4086 junction. We stopped at every view point on this section and enjoyed the views on a rain-free day.
Caernarfon Castle is one of the 4 big castles in North Wales. This castle seems to have been well preserved. We had an hour to go around the Castle. The striking feature in all these castles is their Tower. The climb on the dark and narrow spiral stairs of the castle towers are great, especially when you get two-way traffic. We climbed all the towers and walked along the castle wall as well. All around views from the top of the castle towers were not that great though.
After the castle visit, we went to Bangor to take the A5 southbound to return to Betws-Y-Coed. The scenary is quite beautiful and dramatic once we got past Bethesda. We stopped at a parking near Llyn Ogwen and climbed the initial part of Cwm Idwal. The views from the hilltop are fantastic. As we were in the mountain range, the rain clouds were bearing on us and threatening to come down at any moment. After taking some nice pictures, we were just in time to wear our gear before it started raining again. The ride on this section of A5 was very rewarding. I'd have liked it stayed dry for a little bit longer.
We had a great day out and for the most part it stayed dry which was a great bonus. On our return to the B&B, we went into town to get some dinner and buy snacks for the next day.
The route we took was A5/A498/A4086. To get to Llanberis we had to ride through the Pen-Y-Pass and Llanberis Pass. Mountain passes are always beautiful and on a bike it feels extra special. I was cautious not to get (too) excited while riding downhill. At places, there isn't a big room for errors on he Llanberis Pass. The downhill left/right/left flips have to be experienced first hand. The only place where I made a misjudgement was at a very sharp right-hander leading to a very narrow stone bridge. After leaning I found out pretty quickly I was never going to make the turn. So it was time to put theory to practise - sat up and loaded the front as much as I felt it was safe. We managed to get to Llanberis all intact in one piece.
I parked the bike at a nearby hotel parking that was manned. With less than 5 minutes to get to the ticket office to collect the tickets and board the train, we had to literally run from the parking. By the time we got to the train, they had closed the gate and the option of travelling at half price was gone. We waited for another hour before boarding the lovely steam Snowdon train.
For some reason, I felt so nostalgic about these steam trains. Perhaps its the smell of steam or the sound of the engine that makes me feel so. The journey to the Snowdon summit was wonderful. It was only partially cloudy and was not raining. We were able to see the Llanberis Pass from half-way up the summit. The walkers path runs close to the train track and we could see a lot of walkers of all ages. The views on our way were simply stunning.
After the Snowdon Mountain train ride, we had our lunch at the station cafe. There I met a group of 4 bikers who had come from Liverpool on a day ride to Snowdon. I went to check if they had any chain spray with them as my chain's lubricant got completed washed out in the heavy rain on our onward journey. I got the chain spray and then We'd a long chat about our trip. After they had left I continued my cold lunch and continued our day tour.
Our next stop was Caernarfon Castle. Though Caernarfon was a few miles from Llanberis on A4086, We decided not to take that route and instead re-traced our morning journey to Llanberis and took to A498 to go to Porthmadog and Caernarfon. A498 is another scenic route with some good view points. There is a mini waterfall couple of miles from A498/A4086 junction. We stopped at every view point on this section and enjoyed the views on a rain-free day.
Caernarfon Castle is one of the 4 big castles in North Wales. This castle seems to have been well preserved. We had an hour to go around the Castle. The striking feature in all these castles is their Tower. The climb on the dark and narrow spiral stairs of the castle towers are great, especially when you get two-way traffic. We climbed all the towers and walked along the castle wall as well. All around views from the top of the castle towers were not that great though.
After the castle visit, we went to Bangor to take the A5 southbound to return to Betws-Y-Coed. The scenary is quite beautiful and dramatic once we got past Bethesda. We stopped at a parking near Llyn Ogwen and climbed the initial part of Cwm Idwal. The views from the hilltop are fantastic. As we were in the mountain range, the rain clouds were bearing on us and threatening to come down at any moment. After taking some nice pictures, we were just in time to wear our gear before it started raining again. The ride on this section of A5 was very rewarding. I'd have liked it stayed dry for a little bit longer.
We had a great day out and for the most part it stayed dry which was a great bonus. On our return to the B&B, we went into town to get some dinner and buy snacks for the next day.
Motorcycling holiday in North Wales-Day 3
Our plans for the day were to visit Trefriw Wollen mills, Conwy Castle and town, Llandudno and Colywn Bay. The Trefriw Wollen Mills can be found on B5106 at the entry to Trefriw. We saw a demonstration of hand spinning. Visiting the spinning and weaving section brought me memories of my aunt's silk looms. The sound of the machines took me to my childhood days when I'd spend my summer holidays at my aunt's place where there was this constant running of weaving/spinning machines that produced a nice repetitive but loud noise. There were posters displayed about different types of wool, their quality, grading and not to mention the 50 or so varieties of sheep in the World.
After spending an hour or so at the wollen mills, we continued on B5106 to Conwy. B5016 is another good road to ride. We entered Conwy and went through the ancient town wall to a parking next to the Castle. There was a dedicated parking bay for motorcycles which is a nice thing to have at such places of interest.
Conwy castle, like Caernarfon, seems to have been well preserved. The town wall surrounding the castle is pretty much intact. We climbed on all the towers and walked along the castle wall. We spent quite a lot of time enjoying the views of the town from the castle towers and wall. After getting out of the castle, we went along one of the main roads to get a full view. From this distance, the castle looked quite magnificent. The weather had improved dramatically with some nice sunshine but with the riding gear it was getting unbearably hot for us.
We had lunch in one of the restaurants and headed to the Tudor House which was built in 1585. Again, this house has been well preserved with a lot of original features. One could see the excess of Tudor lifestyle, be it in accommodating guests or the choice of food or in employing the "latest technology". The house has been lined with solid oak. The roof trusses made of solid oak are simply breathtaking. It is great to see most of these have stood the time. There was also the "modern toilet" found in one of the floors. In one of the rooms there were posters displayed about the treatments for various health problems. Most of them are really funny and we should be happy that we don't have to go through such treatments.
It was time to leave Conwy to Llandudno. Our main interest in Llandudno was the Great Orme. To get to the Great Orme Summit, there is a Marine Drive (one-way) that runs by the mountain-side. This toll road offers fantastic views to the sea and bay. We stopped at various points on the road to enjoy the views. We also saw a group practising rock-climbing.
A road separates from the Marine Drive leading upto the Great Orme. There are a couple of hair pins on this road and it was my first experience tackling it on a litre bike. The views from the Summit are magnificent. As the sky was very bright and clear, we were able to see quite a lot of places, including the Conwy Castle. We could not go to the Great Orme copper Mines as it was closed. We spent quite a bit of time at the top enjoying the views on a sunny evening. We slowly descended from the Summit taking the Marine Drive and rode to Colwyn Bay. We rode along the Colwyn Bay Promenade and Cayley Promenade before stopping at Colwyn Bay beach to have some drinks/ice cream. There were a few people enjoying the evening on water jetskies. It was a great weather to be in the beach and soaking up the glorious views from it.
We returned on A470 to our B&B. This was another flat and fast road. The entire day went very well and with a balmy weather we could not have asked for anything more.
After spending an hour or so at the wollen mills, we continued on B5106 to Conwy. B5016 is another good road to ride. We entered Conwy and went through the ancient town wall to a parking next to the Castle. There was a dedicated parking bay for motorcycles which is a nice thing to have at such places of interest.
Conwy castle, like Caernarfon, seems to have been well preserved. The town wall surrounding the castle is pretty much intact. We climbed on all the towers and walked along the castle wall. We spent quite a lot of time enjoying the views of the town from the castle towers and wall. After getting out of the castle, we went along one of the main roads to get a full view. From this distance, the castle looked quite magnificent. The weather had improved dramatically with some nice sunshine but with the riding gear it was getting unbearably hot for us.
We had lunch in one of the restaurants and headed to the Tudor House which was built in 1585. Again, this house has been well preserved with a lot of original features. One could see the excess of Tudor lifestyle, be it in accommodating guests or the choice of food or in employing the "latest technology". The house has been lined with solid oak. The roof trusses made of solid oak are simply breathtaking. It is great to see most of these have stood the time. There was also the "modern toilet" found in one of the floors. In one of the rooms there were posters displayed about the treatments for various health problems. Most of them are really funny and we should be happy that we don't have to go through such treatments.
It was time to leave Conwy to Llandudno. Our main interest in Llandudno was the Great Orme. To get to the Great Orme Summit, there is a Marine Drive (one-way) that runs by the mountain-side. This toll road offers fantastic views to the sea and bay. We stopped at various points on the road to enjoy the views. We also saw a group practising rock-climbing.
A road separates from the Marine Drive leading upto the Great Orme. There are a couple of hair pins on this road and it was my first experience tackling it on a litre bike. The views from the Summit are magnificent. As the sky was very bright and clear, we were able to see quite a lot of places, including the Conwy Castle. We could not go to the Great Orme copper Mines as it was closed. We spent quite a bit of time at the top enjoying the views on a sunny evening. We slowly descended from the Summit taking the Marine Drive and rode to Colwyn Bay. We rode along the Colwyn Bay Promenade and Cayley Promenade before stopping at Colwyn Bay beach to have some drinks/ice cream. There were a few people enjoying the evening on water jetskies. It was a great weather to be in the beach and soaking up the glorious views from it.
We returned on A470 to our B&B. This was another flat and fast road. The entire day went very well and with a balmy weather we could not have asked for anything more.
Motorcycling holiday in North Wales-Day 4
A lovely evening had led to thunderstorms and warnings of flash floods and flooded roads around the mountainous areas. We certainly were not staying back and decided to at least keep riding on the beautiful country roads. The main interests for the day were Barmouth beach (yes in driving rain) and Harlech Castle. We took A470-A496 to get to Barmouth and Harlech.
A470 is another scenic road and a good one for bikes. Within a few miles of our start, we found a slipped lorry being rescued on A470 slowing down the traffic. Fellow road users might have thought us to be lunatics to be riding in such treacherous conditions. I just reminded myself to be very cautious with the front brakes. Approaching Ffestiniog, there is a junction with A496. At this junction, the A470 takes an acute uphill left turn to Dolgellau. It is so acute that I couldn't manage to make that turn and took to A496 and did a U-turn. The only way to get around I think would be taking a very wide turn like a bus. As the rain was very heavy, I was doing about 30/40. The 4x4's that were behind me were so happy to be released approved with a honk while they went past me and they disappeared in no time.
We continued at an ambling pace and by the time we got to Barmouth it was still raining so decided to go to Harlech Castle. Again Harlech castle is more of ruins than a proper castle. It certainly was not in the same league as the castles at Caernarfon and Conwy. The good thing was that it had stopped raining and we were able to spend some time at the castle taking in the views. We returned to Barmouth beach and went for a short walk and that was it.
On A496, from Barmouth to Harlech, there is a signpost for waterfalls in Llanbedr. We went on the road that was signposted to the waterfalls. I followed the river and got lost going deep into very narrow farm roads. Suddenly we were in the middle of farms with nothing but sheep around and no more sign of the river. We decided to turn around and return to A496. As we approached the point where another road crossed the river, I spotted the signboard to the waterfalls. So it was me who didn't spot the not-so-visible signboard. We rode along the river and this time we got to the waterfalls - the Nantcol waterfalls. This is a camping site. We parked the bike and headed to the waterfalls.
It took us a while to get to the waterfalls. It wasn't a very difficult terrain but our riding gear wasn't the most convenient/suitable wear for walking up a hill. The waterfalls was very much to our liking. We spent a long time at the waterfalls and I managed to get down to the water. The surrounding valley has big boulders that got deposited when the ice sheets retreated from the near by mountains during the Ice Age. We were quite lucky with the weather as it had not rained for a few hours now and this certainly helped us leisurely enjoying the waterfalls.
We returned to our B&B riding on the scenic A496-A4085-A498-A4086-A5, bringing even heavier rain showers with us. For our dinner we went to a restaurant in town. While crossing the river Llugwy we saw a lamb struggling for its dear life. The farmer was alerted and we saw the dramatic rescue of the lamb from the swollen river. For those 10-15 minutes we were not sure if the lamb was still alive as it went silent for a few minutes before crying out. We went to see the river from the same spot as we did on our first day and couldn't find any of the rocks that we stood on and took photographs. The river was carrying a lot of mud from the mountains and looked very aggressive.
We were very lucky for the most part of the day. The Nantcol Waterfalls made our day. We will cherish those moments that we spent enjoying the waterfalls.
A470 is another scenic road and a good one for bikes. Within a few miles of our start, we found a slipped lorry being rescued on A470 slowing down the traffic. Fellow road users might have thought us to be lunatics to be riding in such treacherous conditions. I just reminded myself to be very cautious with the front brakes. Approaching Ffestiniog, there is a junction with A496. At this junction, the A470 takes an acute uphill left turn to Dolgellau. It is so acute that I couldn't manage to make that turn and took to A496 and did a U-turn. The only way to get around I think would be taking a very wide turn like a bus. As the rain was very heavy, I was doing about 30/40. The 4x4's that were behind me were so happy to be released approved with a honk while they went past me and they disappeared in no time.
We continued at an ambling pace and by the time we got to Barmouth it was still raining so decided to go to Harlech Castle. Again Harlech castle is more of ruins than a proper castle. It certainly was not in the same league as the castles at Caernarfon and Conwy. The good thing was that it had stopped raining and we were able to spend some time at the castle taking in the views. We returned to Barmouth beach and went for a short walk and that was it.
On A496, from Barmouth to Harlech, there is a signpost for waterfalls in Llanbedr. We went on the road that was signposted to the waterfalls. I followed the river and got lost going deep into very narrow farm roads. Suddenly we were in the middle of farms with nothing but sheep around and no more sign of the river. We decided to turn around and return to A496. As we approached the point where another road crossed the river, I spotted the signboard to the waterfalls. So it was me who didn't spot the not-so-visible signboard. We rode along the river and this time we got to the waterfalls - the Nantcol waterfalls. This is a camping site. We parked the bike and headed to the waterfalls.
It took us a while to get to the waterfalls. It wasn't a very difficult terrain but our riding gear wasn't the most convenient/suitable wear for walking up a hill. The waterfalls was very much to our liking. We spent a long time at the waterfalls and I managed to get down to the water. The surrounding valley has big boulders that got deposited when the ice sheets retreated from the near by mountains during the Ice Age. We were quite lucky with the weather as it had not rained for a few hours now and this certainly helped us leisurely enjoying the waterfalls.
We returned to our B&B riding on the scenic A496-A4085-A498-A4086-A5, bringing even heavier rain showers with us. For our dinner we went to a restaurant in town. While crossing the river Llugwy we saw a lamb struggling for its dear life. The farmer was alerted and we saw the dramatic rescue of the lamb from the swollen river. For those 10-15 minutes we were not sure if the lamb was still alive as it went silent for a few minutes before crying out. We went to see the river from the same spot as we did on our first day and couldn't find any of the rocks that we stood on and took photographs. The river was carrying a lot of mud from the mountains and looked very aggressive.
We were very lucky for the most part of the day. The Nantcol Waterfalls made our day. We will cherish those moments that we spent enjoying the waterfalls.
Motorcycling holiday in North Wales-Day 5
It was raining heavily as we started our final day of our tour around North Wales. With another washout day predicted, we decided to just tour along the coast and try to stay away from the mountains. The main point of interest in today's tour was the RAF museum based in Caernarfon airport which is the only RAF museum in Wales. Again we took to A5-A4086-A498-4086. When we approached A4086/A498 junction, I thought of continuing on A4086 to experience the Llanberis Pass again. With pouring rain and poor visibility at the mountain base, I was quite certain that the weather up in the mountain would be treacherous especially for a bike. After contemplating the idea for a few seconds and checking with my wife, I decided it was too big a risk to take. From Caernarfon we took A499 southbound to get to the Caernarfon airport which was on the coast.
The RAF museum was nothing more than a medium sized shed. Inside the museum, the eye catching display is that of a RAF Mountain Rescue helicopter. There were displays of training jets that were used during the War time. Apart from these real-life displays there were posters related to RAF squadrons' planes and fighter planes' wreckage from the War. I had expected the museum to be bigger than it actually was and considering the £6.50/person fee I felt it was a big rip-off.
After having our lunch at the airport cafe/canteen, we continued our day tour of the coast. We stopped at the beach at Dinal Dinlle. Situated on the Caernarfon Bay this beach was sandy and was a long one too. It was very blustery for us to spend any more than a few minutes. We walked upto the waves touched the water, collected a few pebbles found on the beach and were on our way.
A499 was pretty boring and flat. By now the rain had subsided. As a biker I'm always wary of diesel spills on wet roads. I chose a riding-line close to the median-line to stay away from the diesel spills that I found in the middle of the road for the most part of A499. We took to B4417 heading towards Nefyn. By now the rain had almost stopped and it gave us the opportunity to spend a few minutes at the beach in Nefyn. The Welsh coast, at least, the northern parts has nice sandy beaches throughout. If not for the horrible weather, I think people would be flocking to these nice beaches. In Nefyn, there is a beautiful golf course by the Irish Sea. We parked our bike and went for a long walk on the golf course. As we neared the coast, we could see the waves crashing into the rocks found a few meters from the shore. This was a beautiful sight and I would pick the waves that had the chance to break to the top of the rocks.
We continued on the twisty B4417 following the coast. Our next scheduled stop was Aberdaron. Riding on B4417 was rewarding but as there farms dotted all along this route, I'd to be extra cautious as the roads had mud from the farm vehicles. At some point on B4417, we had to take an unidentified road heading towards Aberdaron. These unidentified roads were interesting to ride but their quality wasn't great. We reached Aberdaron and chose a view point looking at the Cardigan Bay. By now, the sun had come out and we were happy to spend more time enjoying the scenary. We also took to other unidentified roads taking to the nearby coastal villages that were situated on hill top.
Following the coastal roads, we took B4413-A499-A497 to visit the ruins of Criccieth Castle. As it was already 1830 and about 40 miles to our B&B taking the mountainous route, we decided to view it from the shore front. I decided to take the scenic A497-A498-A4086-A5. River Glaslyn (Afon Glaslyn in Welsh) runs along this route and offers nice photographic opportunities at Pont Aberglaslyn. Following the previous day's heavy rain, the river had swollen and was carrying the mountain mud with it. The difference between a clam river and a swollen fast moving river was pretty evident. We had seen the river a couple of days earlier and it appeared to be very calm. We could see what effect continous heavy rain could do to the mountain rivers. After taking photos and spending some time enjoy watching the river, we returned to our B&B. Just as we left Pont Aberglaslyn, I noticed the fuel reserve warning. As we only had to do 17 odd miles to our B&B decided to carry on as it would still leave us with another 8 or 9 mile fuel window.
For our dinner, we went to a restaurant in Betws-Y-Coed to taste some local food. Our tour of the North Wales was almost over. I think we managed to cover quite a lot given the weather. We'd have loved to take a "rover bus pass" that would have enabled us to do some mountain walking. Never mind, there is always next time. I would miss the Llanberis Pass for sure.
The RAF museum was nothing more than a medium sized shed. Inside the museum, the eye catching display is that of a RAF Mountain Rescue helicopter. There were displays of training jets that were used during the War time. Apart from these real-life displays there were posters related to RAF squadrons' planes and fighter planes' wreckage from the War. I had expected the museum to be bigger than it actually was and considering the £6.50/person fee I felt it was a big rip-off.
After having our lunch at the airport cafe/canteen, we continued our day tour of the coast. We stopped at the beach at Dinal Dinlle. Situated on the Caernarfon Bay this beach was sandy and was a long one too. It was very blustery for us to spend any more than a few minutes. We walked upto the waves touched the water, collected a few pebbles found on the beach and were on our way.
A499 was pretty boring and flat. By now the rain had subsided. As a biker I'm always wary of diesel spills on wet roads. I chose a riding-line close to the median-line to stay away from the diesel spills that I found in the middle of the road for the most part of A499. We took to B4417 heading towards Nefyn. By now the rain had almost stopped and it gave us the opportunity to spend a few minutes at the beach in Nefyn. The Welsh coast, at least, the northern parts has nice sandy beaches throughout. If not for the horrible weather, I think people would be flocking to these nice beaches. In Nefyn, there is a beautiful golf course by the Irish Sea. We parked our bike and went for a long walk on the golf course. As we neared the coast, we could see the waves crashing into the rocks found a few meters from the shore. This was a beautiful sight and I would pick the waves that had the chance to break to the top of the rocks.
We continued on the twisty B4417 following the coast. Our next scheduled stop was Aberdaron. Riding on B4417 was rewarding but as there farms dotted all along this route, I'd to be extra cautious as the roads had mud from the farm vehicles. At some point on B4417, we had to take an unidentified road heading towards Aberdaron. These unidentified roads were interesting to ride but their quality wasn't great. We reached Aberdaron and chose a view point looking at the Cardigan Bay. By now, the sun had come out and we were happy to spend more time enjoying the scenary. We also took to other unidentified roads taking to the nearby coastal villages that were situated on hill top.
Following the coastal roads, we took B4413-A499-A497 to visit the ruins of Criccieth Castle. As it was already 1830 and about 40 miles to our B&B taking the mountainous route, we decided to view it from the shore front. I decided to take the scenic A497-A498-A4086-A5. River Glaslyn (Afon Glaslyn in Welsh) runs along this route and offers nice photographic opportunities at Pont Aberglaslyn. Following the previous day's heavy rain, the river had swollen and was carrying the mountain mud with it. The difference between a clam river and a swollen fast moving river was pretty evident. We had seen the river a couple of days earlier and it appeared to be very calm. We could see what effect continous heavy rain could do to the mountain rivers. After taking photos and spending some time enjoy watching the river, we returned to our B&B. Just as we left Pont Aberglaslyn, I noticed the fuel reserve warning. As we only had to do 17 odd miles to our B&B decided to carry on as it would still leave us with another 8 or 9 mile fuel window.
For our dinner, we went to a restaurant in Betws-Y-Coed to taste some local food. Our tour of the North Wales was almost over. I think we managed to cover quite a lot given the weather. We'd have loved to take a "rover bus pass" that would have enabled us to do some mountain walking. Never mind, there is always next time. I would miss the Llanberis Pass for sure.
Motorcycling holiday in North Wales-Day 6
Our holiday was almost over and we began our return journey to London. The weather forecast for the day was sunny with no showers predicted. We went to Conwy Falls which is located a few miles on A5 southbound from Betws-Y-Coed. Apparently this falls had a Victorian ladder for Salmon fishes to go upstream. The falls itself isn't really impressive and they charge £1/person to enter to view the falls. On A5 we found a lot of sports cars in the northbound direction. I presume it was a weekend run and with the weather being dry, a group might have decided to enjoy themselves on the country roads.
From A5 we took A543 to get to the Denbigh Castle ruins. I thought that the entry would be free as the Castle was in ruins. But to my disbelief they were charging £3/person. We decided to take some photos from the outside and continued our journey home. Our next stop was the "Historic Market Town" of Ruthin. Following A543/A525, we got to this town and could not find anything interesting in the town. The only thing we were enjoying was the ride on the country roads. From Ruthin, there were no further scheduled visits. So we were onto A494 and joined A5 to Llangollen.
We stopped at Llangollen town centre for some drink and snacks. There was a pretty big group of Harley riders ready to start a run somewhere. I just love these out of city places for the fact that there is a group for every sort of activity or interest. Either these group gatherings don't exist in big cities or it's hard to find by.
Once we got past Llangollen on A5, the roads opened up and we started eating up the miles. I was in no mood to stop until we burnt most of the fuel. Nearing Birmingham on M6, I'd an option to refuel at a Services in 3 miles or at the next at 49 miles. The fuel indicator showed that there was enough fuel for about 50 miles but I wasn't so sure because my bike has never given more than 130-140 miles to the tank and going by the fuel indicator I'd be able to do 160+ miles to the tank. Finally I decided to keep chugging along to the next services some 49 miles away. Got to admit that I had an eye on the fuel indicator throughout.
We did manage to get to the Croley Services on M6 with about 15 mile fuel window. After having a late lunch, we reached our home in London just after 1730. A wonderful trip had finally come to an end.
We did a total of close to 1000 miles out of which 500 miles were on the beautiful country roads. I'd the extra pleasure of being able to ride out the twisty/flowing roads. I feel more confident on the bike now that I trusted the bike on the country roads.
This would go down as one of our best holidays, I suppose. I certainly got to thank my lovely wife for happily accepting to take our bike. In a sense the biking gear helped us to get to a lot of places despite the constant heavy rain showers. The long wait for such a good holiday was worth it after all.
From A5 we took A543 to get to the Denbigh Castle ruins. I thought that the entry would be free as the Castle was in ruins. But to my disbelief they were charging £3/person. We decided to take some photos from the outside and continued our journey home. Our next stop was the "Historic Market Town" of Ruthin. Following A543/A525, we got to this town and could not find anything interesting in the town. The only thing we were enjoying was the ride on the country roads. From Ruthin, there were no further scheduled visits. So we were onto A494 and joined A5 to Llangollen.
We stopped at Llangollen town centre for some drink and snacks. There was a pretty big group of Harley riders ready to start a run somewhere. I just love these out of city places for the fact that there is a group for every sort of activity or interest. Either these group gatherings don't exist in big cities or it's hard to find by.
Once we got past Llangollen on A5, the roads opened up and we started eating up the miles. I was in no mood to stop until we burnt most of the fuel. Nearing Birmingham on M6, I'd an option to refuel at a Services in 3 miles or at the next at 49 miles. The fuel indicator showed that there was enough fuel for about 50 miles but I wasn't so sure because my bike has never given more than 130-140 miles to the tank and going by the fuel indicator I'd be able to do 160+ miles to the tank. Finally I decided to keep chugging along to the next services some 49 miles away. Got to admit that I had an eye on the fuel indicator throughout.
We did manage to get to the Croley Services on M6 with about 15 mile fuel window. After having a late lunch, we reached our home in London just after 1730. A wonderful trip had finally come to an end.
We did a total of close to 1000 miles out of which 500 miles were on the beautiful country roads. I'd the extra pleasure of being able to ride out the twisty/flowing roads. I feel more confident on the bike now that I trusted the bike on the country roads.
This would go down as one of our best holidays, I suppose. I certainly got to thank my lovely wife for happily accepting to take our bike. In a sense the biking gear helped us to get to a lot of places despite the constant heavy rain showers. The long wait for such a good holiday was worth it after all.
Sunday 28 June 2009
Two-up on a Sunday Morning Ride
It has been a while since I went on a Sunday Morning ride. My shuttle between London and Cork doesn't help my biking either. On the weekends I'm in London, there is so much to catch up that I find myself strapped for time to go out on a leisure ride. During my last visit, the weather wasn't great. So just went for a spin locally. I decided that if the weather holds good then I'm doing a leisure ride of about 100 miles.
The weather on Sunday was good and I was just rearing to go. My wife said she too was interested and would like to join me. To ride two-up with her is always something special for me. Took my bike out and went to my usual Barking Tesco to fill-up and check air. To my bitter surprise, I found that they have installed a pay-and-use air. I decided I was not going to pay 20p to fill air and then headed to the Beckton Sainsburys.
The bike feels very different when the recommended tyre pressures are not maintained. I've been told that even 1 or 2 psi would make a drastic change to the feel of the bike. This is not the first time I have ridden at lower tyre pressures and so am gaining the feel of the bike. The front tyre was 4psi below the ideal and no wonder the bike felt abnormal while turning. After filling up it was time for our leisure ride.
This ride had only one purpose, at least, as far I was concerned - ring the neck of my Yam in the lower gears. I decided to take to the A406-M11-A414-A12-A406. The trouble with "ringing the neck" is that in reality it will never happen without seriously breaking the speed limit. On the 50mph sections I was always on 1st and 2nd just to listen the engine at around 6k. On the 70mph sections again stayed on 1st and 2nd - as ever love the engine note at around 9k. I have to find out a way to record this wonderful sound, perhaps strapping a small point-and-shoot camera to the petrol tank would do.
Getting off M11 at Junction 7 to A414, I practised some braking. On long trips, I downshift to slow down and then am gentle on the brake, but not today. Staying within bottom 3 gears there is no drastic speed reduction during downshift, so had to trust the brake. I didn't feel sponginess while braking, methinks it is more to do with my constant reminder that my bike is getting to a year after service and that needs some check-up.
Anyway with Junction 7 done and dusted, A414 to Maldon greeted with the usual busy Sunday Morning traffic. This section has got some nice flowing right and left handers but you won't be leaning too much if you are within the limits. As I hate to sit behind a slow car on these nice curves, I would drop myself from the car ahead and then carry the corner speed before catching up with the traffic. It is a nice feeling to take the corners in the lower gears when the bike is in its power band wanting to break free.
On this section, I spotted a police car at the end of a left-hander. Before taking the corner, I dropped myself from the car ahead to carry the 50mph corner speed in first gear. I felt so good going through the corner, and after seeing the police car (and the police man), I can see why they are there. Anyone who is lured to speed through the corner will be caught after they have taken it and they can't see the police car while they go through the corner. As I don't take chances, okay most of the times, I may not have got their attention except for the 1st gear scream of the engine.
There are a couple of roundabouts on this section of A414 heading to Maldon where they meet 30mph sections. These roundabouts let you practice downshifts and braking and if they are clear can practice cornering as well. With about 3 miles to Chelmsford there are two roundabouts within a space of a mile or so that lets you whack the throttle and bring it down. With a clear road ahead, behind and in the rounadbout, it was time to improve my corner speed carry through. As I rode through the roundabout with more than my usual speed, I had a chance to practise left-right-left flip through counter-steer.
The feeling you get while leaning the bike had to be experienced first hand as words cannot describe it. And I'm not talking about knee-scrapping stuff, just more than gentle lean that would make you wonder how on earth these tyres grip the road to let you do what you always felt physics-defying. Exiting the roundabout, opened the throttle as quickly as I'd and within about 3-4 seconds I was over 70 in the 1st and 10k revvs, and the bike is still accelerating has it has another 30% power left in it. The acceleration was truly exhilirating. The purpose of my day's ride had been fulfilled.
I decided to return on the same route as I've never done A414 Chelmsford-Harlow. Unforuntately few miles down A414 from Chelmsford there was a traffic stoppage due to some plant movement and I turned around back to Chelmsford to take the A12 to return home. Throughout the trip, I stayed within the bottom gears and only very briefly i ventured to the fourth when I was stuck behind a gaggle of cars on the A414.
I had done about 85miles non-stop and by the time I was back home, the fuel meter was about to hit reserve. It's drunk about a litre for every 8 miles and that is not bad, because on long-haul trips it drinks a litre for every 8.5. Do I really care about the fuel economy when the machine gives me a lot of joy and fun?
Oh, forgot to mention my wife anywhere (Sorry dear, hope you wouldn't mind me enjoying the lust for this machine once in a while). Our next two-up ride is going to be a very special one and I can't wait. Do come back to read that entry.
The weather on Sunday was good and I was just rearing to go. My wife said she too was interested and would like to join me. To ride two-up with her is always something special for me. Took my bike out and went to my usual Barking Tesco to fill-up and check air. To my bitter surprise, I found that they have installed a pay-and-use air. I decided I was not going to pay 20p to fill air and then headed to the Beckton Sainsburys.
The bike feels very different when the recommended tyre pressures are not maintained. I've been told that even 1 or 2 psi would make a drastic change to the feel of the bike. This is not the first time I have ridden at lower tyre pressures and so am gaining the feel of the bike. The front tyre was 4psi below the ideal and no wonder the bike felt abnormal while turning. After filling up it was time for our leisure ride.
This ride had only one purpose, at least, as far I was concerned - ring the neck of my Yam in the lower gears. I decided to take to the A406-M11-A414-A12-A406. The trouble with "ringing the neck" is that in reality it will never happen without seriously breaking the speed limit. On the 50mph sections I was always on 1st and 2nd just to listen the engine at around 6k. On the 70mph sections again stayed on 1st and 2nd - as ever love the engine note at around 9k. I have to find out a way to record this wonderful sound, perhaps strapping a small point-and-shoot camera to the petrol tank would do.
Getting off M11 at Junction 7 to A414, I practised some braking. On long trips, I downshift to slow down and then am gentle on the brake, but not today. Staying within bottom 3 gears there is no drastic speed reduction during downshift, so had to trust the brake. I didn't feel sponginess while braking, methinks it is more to do with my constant reminder that my bike is getting to a year after service and that needs some check-up.
Anyway with Junction 7 done and dusted, A414 to Maldon greeted with the usual busy Sunday Morning traffic. This section has got some nice flowing right and left handers but you won't be leaning too much if you are within the limits. As I hate to sit behind a slow car on these nice curves, I would drop myself from the car ahead and then carry the corner speed before catching up with the traffic. It is a nice feeling to take the corners in the lower gears when the bike is in its power band wanting to break free.
On this section, I spotted a police car at the end of a left-hander. Before taking the corner, I dropped myself from the car ahead to carry the 50mph corner speed in first gear. I felt so good going through the corner, and after seeing the police car (and the police man), I can see why they are there. Anyone who is lured to speed through the corner will be caught after they have taken it and they can't see the police car while they go through the corner. As I don't take chances, okay most of the times, I may not have got their attention except for the 1st gear scream of the engine.
There are a couple of roundabouts on this section of A414 heading to Maldon where they meet 30mph sections. These roundabouts let you practice downshifts and braking and if they are clear can practice cornering as well. With about 3 miles to Chelmsford there are two roundabouts within a space of a mile or so that lets you whack the throttle and bring it down. With a clear road ahead, behind and in the rounadbout, it was time to improve my corner speed carry through. As I rode through the roundabout with more than my usual speed, I had a chance to practise left-right-left flip through counter-steer.
The feeling you get while leaning the bike had to be experienced first hand as words cannot describe it. And I'm not talking about knee-scrapping stuff, just more than gentle lean that would make you wonder how on earth these tyres grip the road to let you do what you always felt physics-defying. Exiting the roundabout, opened the throttle as quickly as I'd and within about 3-4 seconds I was over 70 in the 1st and 10k revvs, and the bike is still accelerating has it has another 30% power left in it. The acceleration was truly exhilirating. The purpose of my day's ride had been fulfilled.
I decided to return on the same route as I've never done A414 Chelmsford-Harlow. Unforuntately few miles down A414 from Chelmsford there was a traffic stoppage due to some plant movement and I turned around back to Chelmsford to take the A12 to return home. Throughout the trip, I stayed within the bottom gears and only very briefly i ventured to the fourth when I was stuck behind a gaggle of cars on the A414.
I had done about 85miles non-stop and by the time I was back home, the fuel meter was about to hit reserve. It's drunk about a litre for every 8 miles and that is not bad, because on long-haul trips it drinks a litre for every 8.5. Do I really care about the fuel economy when the machine gives me a lot of joy and fun?
Oh, forgot to mention my wife anywhere (Sorry dear, hope you wouldn't mind me enjoying the lust for this machine once in a while). Our next two-up ride is going to be a very special one and I can't wait. Do come back to read that entry.
Sunday 14 June 2009
Life in May
It's been a while since I'd updated the blog on my life. After taking up the work in Cork, I've been shuttling between Cork and London 3 weekends a month and that is taking up any of my spare time. When I'm home in London my priority is my family (and my bike) and certainly not blogging.
Life in May was fantastic. I'd been to a caravan park (Some pictures) for the first time. I have to say it is quite different to all my trips so far. I'd to join my wife and my friend's family who had to check-in at the caravan park on a Friday evening. After waking up early to catch up with the Indian election results, I was already running late by 2 hours. The weather prediction wasn't good - with heavy rain showers predicted for the entire weekend. After fuelling at my usual Barking Tesco garage, I set out on 130 mile trip to Great Yarmouth through A406, M11, A11 and A47. Apart from the nagging crosswinds I was fine on my own. On A11 I was pretty much on my own on the road. Having stretched my legs and arms at a road-side parking bay after an hour, I reached Great Yarmouth beach in just about 2 hours.
There was a display of iconic American cars and vintage british motorcycles. To see and hear the lovely V8 Mustangs of yesteryears is captivating. There is no completeness of the American cars without the Impalas and the Plymouths. There was also a Dodge Viper - one of my favourites.
We all spent some time in the beach and a mini pleasure park. By evening we all returned to the caravan park. I'd been very much looking forward to this trip, one reason being I can spend any available time with my friend's toddler boy and girl. They bring loads of energy. When we booked the caravan holiday, I assumed that we would get one of those "big" caravans displayed on the brochure. When we reached our caravan, I thought that "those nice caravans on brochure" are just for getting people to book-in. The caravan was a little bit bigger than a bunker but we were there to spend time away from the caravan anyway. The evening was spent in an entertainment hall for kids. The caravan park idea is more geared towards people with kids and aimed towards entertaining kids rather than adults or that is what I felt.
The next morning, we all had been to the swimming pool and spent a couple of hours at the pool. This was my first swim in ages - can't remember when was the last time I'd been swimming - perhaps during my visit to the Andamans in 2006. The afternoon was spent chatting and re-living our past and a look at our future plans. As this trip was meant for the kids, I was just happy to be there with them. Before we departed the caravan park, I took some pictures of my friend's kids on my bike and the boy tested the bike past its rev limiter at over 13k revs, on a stand of course. Earlier he would not like the noise of the engine but on this day he just seemed to love the music of the engine at it's max.
I liked the ride on the country roads on my return. After a long time, had a chance to lean the bike. But got to admit that I still have not got the confidence to trust the bike. In my supervised training with the Essex police, I was told numerous times to trust the bike - methinks it is time to do a track time to build confidence in the bike while leaning. On A47, having got stuck behind a caravan trailer for a long time, decided to pass and get-in lane. As I accelerated past the trailer, the traffic ahead started slowing and it was time to grab the front. The thing I love in these big sport machines are their acceleration and braking. This was the second time, I think, I'd a chance to test the front brakes.
Before we returned to London, we went to Cambridge town and went for a couple of historic sites. After a demanding return journey mainly due to the heavy crosswinds, had a dinner and was back to Cork earlier the next day morning.
On 30th,I'd been to the Volvo Ocean Race in Galway. First time in my life I got to see the big ocean yachts going around the world. They had a in-harbour race but the yachts were at least a mile from the shore making it impossible to take any proper photos or video. After watching the first part of the race from a cliff I got to the shore front to watch the race from the big display screens. Before the yacht race there was a wonderful display of the Red Arrows. Again, this was the first time I saw the Red Arrows up very close on their magnificent display. The acrobatics of these iconic jets were scintillating.
There are so many birthdays/wedding anniversaries in April/May/June that there is no big gap without having get together. I think I'd at least 4 lunches/dinners in May to celebrate the aforementioned events.
Certainly life is going great without many complaints.
Life in May was fantastic. I'd been to a caravan park (Some pictures) for the first time. I have to say it is quite different to all my trips so far. I'd to join my wife and my friend's family who had to check-in at the caravan park on a Friday evening. After waking up early to catch up with the Indian election results, I was already running late by 2 hours. The weather prediction wasn't good - with heavy rain showers predicted for the entire weekend. After fuelling at my usual Barking Tesco garage, I set out on 130 mile trip to Great Yarmouth through A406, M11, A11 and A47. Apart from the nagging crosswinds I was fine on my own. On A11 I was pretty much on my own on the road. Having stretched my legs and arms at a road-side parking bay after an hour, I reached Great Yarmouth beach in just about 2 hours.
There was a display of iconic American cars and vintage british motorcycles. To see and hear the lovely V8 Mustangs of yesteryears is captivating. There is no completeness of the American cars without the Impalas and the Plymouths. There was also a Dodge Viper - one of my favourites.
We all spent some time in the beach and a mini pleasure park. By evening we all returned to the caravan park. I'd been very much looking forward to this trip, one reason being I can spend any available time with my friend's toddler boy and girl. They bring loads of energy. When we booked the caravan holiday, I assumed that we would get one of those "big" caravans displayed on the brochure. When we reached our caravan, I thought that "those nice caravans on brochure" are just for getting people to book-in. The caravan was a little bit bigger than a bunker but we were there to spend time away from the caravan anyway. The evening was spent in an entertainment hall for kids. The caravan park idea is more geared towards people with kids and aimed towards entertaining kids rather than adults or that is what I felt.
The next morning, we all had been to the swimming pool and spent a couple of hours at the pool. This was my first swim in ages - can't remember when was the last time I'd been swimming - perhaps during my visit to the Andamans in 2006. The afternoon was spent chatting and re-living our past and a look at our future plans. As this trip was meant for the kids, I was just happy to be there with them. Before we departed the caravan park, I took some pictures of my friend's kids on my bike and the boy tested the bike past its rev limiter at over 13k revs, on a stand of course. Earlier he would not like the noise of the engine but on this day he just seemed to love the music of the engine at it's max.
I liked the ride on the country roads on my return. After a long time, had a chance to lean the bike. But got to admit that I still have not got the confidence to trust the bike. In my supervised training with the Essex police, I was told numerous times to trust the bike - methinks it is time to do a track time to build confidence in the bike while leaning. On A47, having got stuck behind a caravan trailer for a long time, decided to pass and get-in lane. As I accelerated past the trailer, the traffic ahead started slowing and it was time to grab the front. The thing I love in these big sport machines are their acceleration and braking. This was the second time, I think, I'd a chance to test the front brakes.
Before we returned to London, we went to Cambridge town and went for a couple of historic sites. After a demanding return journey mainly due to the heavy crosswinds, had a dinner and was back to Cork earlier the next day morning.
On 30th,I'd been to the Volvo Ocean Race in Galway. First time in my life I got to see the big ocean yachts going around the world. They had a in-harbour race but the yachts were at least a mile from the shore making it impossible to take any proper photos or video. After watching the first part of the race from a cliff I got to the shore front to watch the race from the big display screens. Before the yacht race there was a wonderful display of the Red Arrows. Again, this was the first time I saw the Red Arrows up very close on their magnificent display. The acrobatics of these iconic jets were scintillating.
There are so many birthdays/wedding anniversaries in April/May/June that there is no big gap without having get together. I think I'd at least 4 lunches/dinners in May to celebrate the aforementioned events.
Certainly life is going great without many complaints.
Monday 11 May 2009
My life in Cork, Ireland
It's been a month since I started working in Cork, Ireland. Cork is the second "biggest" city, next to Dublin, in Ireland. But coming from London, I find this to be a small town. The Cork City Centre is made up of one main road, Patrick Street, lined with shopping centres and the other with offices running parallel to Patrick Street, the South Mall.
Cork is a very nice place. The whole "City" is built around a valley with hills on all the sides. A river runs by the city centre that takes you all the way to the Celtic Sea. Titanic's last port of call was Cork. Cork has the second largest natural harbour, next only to Sydney.
On my first week of stay here, I covered every bit of Cork, both by walking and by bus. I did a return walk to the office from the city centre on the day of my interview. It's about 6kms and I got a chance to glimpse the city roads and the nice houses. There is a nice marina along the river, good for walking or jogging.
When the weather is good, means it doesn't rain or isn't too windy, I walk to my B&B from work. The weather here should be similar to the Scottish Highlands - it rains, rains, rains and rains. On the days there is sunshine, there are loads of bikers, most of them cruisers. I miss my Yam when I see those bikers having a nice ride along the city streets.
My daily commute door-to-door is just about 30 minutes and 20 minutes of that is walking from my B&B to the Bus stop and then to my office. All the bus stops have the timings displayed for the starting and ending points of the bus journey in that route. I presume the only reason for doing is that, the routes are so short that there is no point in displaying the bus times for individual stops. The city buses I've travelled so far have all been on time, to the minute. So commuting wise, I don't have a problem at all.
Oh, one last word about this place. Ireland is very, very, very expensive compared to London. I will never ever moan again that London is expensive. And with regard to the public conveniences (you know what I mean), you got to pay 20cents every time, even in shopping complexes that is the rule. The bus station tickets office is open between 0900 and 1730 (only). That means you got to take time off to buy bus passes. And the monthly bus passes are issued once a month starting from the month. London is far far convenient and flexible. I love London - my Home.
Cork is a very nice place. The whole "City" is built around a valley with hills on all the sides. A river runs by the city centre that takes you all the way to the Celtic Sea. Titanic's last port of call was Cork. Cork has the second largest natural harbour, next only to Sydney.
On my first week of stay here, I covered every bit of Cork, both by walking and by bus. I did a return walk to the office from the city centre on the day of my interview. It's about 6kms and I got a chance to glimpse the city roads and the nice houses. There is a nice marina along the river, good for walking or jogging.
When the weather is good, means it doesn't rain or isn't too windy, I walk to my B&B from work. The weather here should be similar to the Scottish Highlands - it rains, rains, rains and rains. On the days there is sunshine, there are loads of bikers, most of them cruisers. I miss my Yam when I see those bikers having a nice ride along the city streets.
My daily commute door-to-door is just about 30 minutes and 20 minutes of that is walking from my B&B to the Bus stop and then to my office. All the bus stops have the timings displayed for the starting and ending points of the bus journey in that route. I presume the only reason for doing is that, the routes are so short that there is no point in displaying the bus times for individual stops. The city buses I've travelled so far have all been on time, to the minute. So commuting wise, I don't have a problem at all.
Oh, one last word about this place. Ireland is very, very, very expensive compared to London. I will never ever moan again that London is expensive. And with regard to the public conveniences (you know what I mean), you got to pay 20cents every time, even in shopping complexes that is the rule. The bus station tickets office is open between 0900 and 1730 (only). That means you got to take time off to buy bus passes. And the monthly bus passes are issued once a month starting from the month. London is far far convenient and flexible. I love London - my Home.
Saturday 4 April 2009
Financial Market Sentiments
At times it's very impressive to see what the "sentiments" can do to the equity markets. Coming from quite a conservative society that have strong affinity to sentiments, I'd easily relate this to the markets. Sentiments can either drive markets irrationally higher or drive down with utter panic. On days when sentiments are very powerful, fundamentals and technical charts take a backstage.
The week that just ended on 03/04/2009, was a classic example of swinging sentiments within a couple of trading sessions. Monday's session resembled panic selling with Indian markets down by almost 5%. Again, the banks bore the brunt of the assault. The markets have been riding high on a wave of euphoria across the globe, until the run broken by a big fall on Monday. Suddenly, the market looked weak and set to dive down to lows, or at least that is what the "experts and analysts" predicted.
With a lot of hype surrounding the G20 meeting which was to announce its communique on Thursday, the markets prodded along the next two days on Tuesday and Wednesday. There was no clear sense of direction on these two sessions. Without knowing the extent of the policy changes coming out of G20 communique it would have been a pure gamble to go either for a buying spree or shorting.
Thursday, the day the G20 meeting was to end and come out with its communique, saw the markets, globally, gain around 3%-5% with more than average volumes of late. Our own Indian markets closed higher with around 5% gains. This was all before the communique got released after the sessions ended in Asia. This was another show for how powerful the sentiments could be, in this instance, driving the markets to higher levels. This has brought the "experts and analysts" to come up with fantastic predictions, some going as far as saying that the Indian markets are likely to gain another another 10% to 20% from the current levels.
Nothing much had changed, globally and locally, during the week. Fundamentals of many of the stocks has been the same for the last few weeks. Personally, I don't read too much into technical charts, so can't comment much about it. When sentiments are very strong as seen twice last week, there is no room for strong or weak fundamentals, there is no room for strong or weak technical charts. It is up to the individuals to weigh up the risk/rewards and enter or exit the markets. Those who took the risk of entering the markets late on Monday after markets got beaten down, would have been generously rewarded by the close on Thursday.
The lesson is that Sentiment like Liquidity is a powerful player in the markets. So don't ever forget the importance of this.
The week that just ended on 03/04/2009, was a classic example of swinging sentiments within a couple of trading sessions. Monday's session resembled panic selling with Indian markets down by almost 5%. Again, the banks bore the brunt of the assault. The markets have been riding high on a wave of euphoria across the globe, until the run broken by a big fall on Monday. Suddenly, the market looked weak and set to dive down to lows, or at least that is what the "experts and analysts" predicted.
With a lot of hype surrounding the G20 meeting which was to announce its communique on Thursday, the markets prodded along the next two days on Tuesday and Wednesday. There was no clear sense of direction on these two sessions. Without knowing the extent of the policy changes coming out of G20 communique it would have been a pure gamble to go either for a buying spree or shorting.
Thursday, the day the G20 meeting was to end and come out with its communique, saw the markets, globally, gain around 3%-5% with more than average volumes of late. Our own Indian markets closed higher with around 5% gains. This was all before the communique got released after the sessions ended in Asia. This was another show for how powerful the sentiments could be, in this instance, driving the markets to higher levels. This has brought the "experts and analysts" to come up with fantastic predictions, some going as far as saying that the Indian markets are likely to gain another another 10% to 20% from the current levels.
Nothing much had changed, globally and locally, during the week. Fundamentals of many of the stocks has been the same for the last few weeks. Personally, I don't read too much into technical charts, so can't comment much about it. When sentiments are very strong as seen twice last week, there is no room for strong or weak fundamentals, there is no room for strong or weak technical charts. It is up to the individuals to weigh up the risk/rewards and enter or exit the markets. Those who took the risk of entering the markets late on Monday after markets got beaten down, would have been generously rewarded by the close on Thursday.
The lesson is that Sentiment like Liquidity is a powerful player in the markets. So don't ever forget the importance of this.
Saturday 28 March 2009
Technical terms in stocks - A Basic Guide
The moment one decides to manage his funds deployed directly in Equities, it is imperative that one understands the risks and the various technical terms associated with it. Treat the exercise of Equity investments as part of learning your financial life. As in any walks of our lives, we are bound to make mistakes. But that should not deter from venturing out, sensibly, to learn and perhaps gain from this experience. One piece of advise is that do not stretch yourself financially or leverage or expose yourself to more than what you can afford. Always remember to have money in various asset classes before venturing into equities as an asset class.
After making a decision to commit certain funds, take time to learn some of the basic terms. The list here is not comprehensive but should be good enough to get you started.
Stock Exchange: The place where the stocks of companies are listed and transacted.
Market Capitalisation: This is the market value of the company at any given time based on the price of shares issued by the company. This is one of the main factors to be considered while selecting a stock in a particular exchange. Based on this, the stock on a particular exchange can be classified as Large, Medium and Small Cap. Small Cap stocks are more riskier compared to the Mid Cap which in turn is comparatively riskier than Large Cap.
Face Value: This is the basic value of the share issued by the company. Once the shares start trading in an exchange, usually the share price trades above this value. This value also determines how much money is paid when a dividend is declared. For example, consider a stock "A" that has Face Value of Rs.10. When a 50% dividend is declared, then Rs.5 (50% of Rs.10) will be paid out per share.
Book Value: This is the total value of the assets belonging to the company. If the company were to be liquidated, this value would be the likely amount generated. For technology stocks or telecommunication stocks, the ratio of Share Price to Book Value will be very high when compared to heavy industries. Sometimes, the Share Price/Book Value ratio is considered while selecting a stock.
Price: Market value of one unit of share traded in an exchange. This varies almost every second and is usually more than its Face Value. Usually, the company that is perceived, by the Market, to be good in the current or near term, commands a premium to the Face Value.
Earnings Per Share (EPS): The amount earned for the investment of one share. This is very useful in finding out the earnings capacity of the company. The higher the value the better. For example, if Face Value of a stock "A" is Rs.10 and its EPS is 50, then it means that for every Rs.10 invested, the company is making Rs.50.
P/E: Price to Earnings Ratio (P/E Ratio) is the ratio between the Share Price at any given time to the established EPS. This ratio is one of the important factors in selecting a stock. Every sector or industry has an industry-wide P/E and the individual company's P/E are weighed against this. Generally, higher the P/E, greater is the risk or the company's prospects are exceptional as perceived by the Market. Some sectors inherently have high or low P/E. Before selecting a stock, it is worth checking both the industry P/E and the individual company's P/E.
Price/Book Value: This is the ratio between the Share Price to the established Book Value. For some sectors or industries, like heavy industries, this ratio could be useful in determining if the stock is worth the buy.
Dividend: The amount paid out as a percentage of the Face Value of the stock. A 50% dividend on a stock whose Face Value is Rs.10, will fetch Rs.5 as dividend per share.
Dividend Yield: Usually, calculated as a percentage of the most recently paid dividend to the current share price. If one wants to invest in historically high dividend yield stocks, then this could be one of the factors to look into consideration.
Announcement Date: The date on which the dividend, if any, was announced by the company. This announcement will also contain the Effective Date.
Effective Date: This is the date on which the shares should be in ones possession to get the dividend payout.
After making a decision to commit certain funds, take time to learn some of the basic terms. The list here is not comprehensive but should be good enough to get you started.
Stock Exchange: The place where the stocks of companies are listed and transacted.
Market Capitalisation: This is the market value of the company at any given time based on the price of shares issued by the company. This is one of the main factors to be considered while selecting a stock in a particular exchange. Based on this, the stock on a particular exchange can be classified as Large, Medium and Small Cap. Small Cap stocks are more riskier compared to the Mid Cap which in turn is comparatively riskier than Large Cap.
Face Value: This is the basic value of the share issued by the company. Once the shares start trading in an exchange, usually the share price trades above this value. This value also determines how much money is paid when a dividend is declared. For example, consider a stock "A" that has Face Value of Rs.10. When a 50% dividend is declared, then Rs.5 (50% of Rs.10) will be paid out per share.
Book Value: This is the total value of the assets belonging to the company. If the company were to be liquidated, this value would be the likely amount generated. For technology stocks or telecommunication stocks, the ratio of Share Price to Book Value will be very high when compared to heavy industries. Sometimes, the Share Price/Book Value ratio is considered while selecting a stock.
Price: Market value of one unit of share traded in an exchange. This varies almost every second and is usually more than its Face Value. Usually, the company that is perceived, by the Market, to be good in the current or near term, commands a premium to the Face Value.
Earnings Per Share (EPS): The amount earned for the investment of one share. This is very useful in finding out the earnings capacity of the company. The higher the value the better. For example, if Face Value of a stock "A" is Rs.10 and its EPS is 50, then it means that for every Rs.10 invested, the company is making Rs.50.
P/E: Price to Earnings Ratio (P/E Ratio) is the ratio between the Share Price at any given time to the established EPS. This ratio is one of the important factors in selecting a stock. Every sector or industry has an industry-wide P/E and the individual company's P/E are weighed against this. Generally, higher the P/E, greater is the risk or the company's prospects are exceptional as perceived by the Market. Some sectors inherently have high or low P/E. Before selecting a stock, it is worth checking both the industry P/E and the individual company's P/E.
Price/Book Value: This is the ratio between the Share Price to the established Book Value. For some sectors or industries, like heavy industries, this ratio could be useful in determining if the stock is worth the buy.
Dividend: The amount paid out as a percentage of the Face Value of the stock. A 50% dividend on a stock whose Face Value is Rs.10, will fetch Rs.5 as dividend per share.
Dividend Yield: Usually, calculated as a percentage of the most recently paid dividend to the current share price. If one wants to invest in historically high dividend yield stocks, then this could be one of the factors to look into consideration.
Announcement Date: The date on which the dividend, if any, was announced by the company. This announcement will also contain the Effective Date.
Effective Date: This is the date on which the shares should be in ones possession to get the dividend payout.
Weekend Bike Rides - 21/03
After a long semi-hibernation, it's a very nice feeling to get the bike out on wonderful sunny days. The weather today was fabulous with clear skies, very gentle winds and a balmy 15c. It was time to head to Southend. I've been to Southend a few times but all of those visits were following A123, A12 and A127. It was time to take a different route following A118, A406, A13 and A127.
Fuelled in Barking Tesco (as usual) and headed to Southend. I'm beginning to feel a lot more confident in the grip levels. A13 doesn't offer any opportunity to lean as it's a major A Road and hence the bends and curves are pretty much flat. But there are a few sections where there are long right and left handers which gives a good feel as the bike is always at a constant inclination to the road.
Compared to last weekend, I could see a lot of bikers on all sorts of bikes, some two-up, on this stretch of the road. Stayed on lower gears for quite a while on the 70-mph section to feel the power. It's a shame that within seconds the bike gets to 70mph whatever gear you are in, but it's fun.
All the time I was telling myself to practise all the good habits - look far ahead, keep checking the rear mirrors and look at the sides. You won't believe how quickly you can approach the vehicle in front or move within the lane so as to panic the vehicle in the adjacent lanes. Though I subscribe to the thought that first you got to be alive to enjoy the biking, I'd an opportunity to find out first hand what lack of concentration for a moment can do. Getting to the junction with A13/A127, I "suddenly" found that the cars ahead were moving at a snail's pace and I was still doing 70. Was this going to be one of those boyish moments when you dive ahead of the bike while braking? Not quite, had a quick look to my left, sat upright and went for the downshifts and more-than-gentle dab of the front (brake). It was not an emergency situation but exposed my lack of planning, perhaps carried away by the fantastic weather.
With such a nice balmy weather, you are certain to expect people flocking to the beaches. No wonder that traffic close to junction with A13/A127 was getting into a snail's pace. With only 2 narrow lanes, I stuck to the middle and stayed in the first for filtering. It was very nice of the cars to move out a little bit to let me through. I love revving the engine in such situations just to make sure the car drivers know that I'm there.
On my return, I practised a few stops in the Parking areas on A13. I wanted to feel the speed of the passing bikes and cars. The bikers who spotted waved at me, what a great community feeling. Leaving the Parking area, I was invariably in the first until I reached 70mph and the rev count just getting past 9k (still a long way from the limiter at 13k). The next time I'm out on my bike, I just want to record how sweet it is at 9k. When I was sharing about this weekend ride with one of my managers, who is also a keen biker, he joked that I don't need this bike to get to 9k. Unless you do illegal speed limits, or on a race track, I can't see how one can get past 9k on my bike. But to me, it's the howl that counts more than the speed.
It's almost unbelievable to have had two weeks of sunshine in Spring. Can't wait for the next weekend ride, just hoping that it doesn't spit rain.
Fuelled in Barking Tesco (as usual) and headed to Southend. I'm beginning to feel a lot more confident in the grip levels. A13 doesn't offer any opportunity to lean as it's a major A Road and hence the bends and curves are pretty much flat. But there are a few sections where there are long right and left handers which gives a good feel as the bike is always at a constant inclination to the road.
Compared to last weekend, I could see a lot of bikers on all sorts of bikes, some two-up, on this stretch of the road. Stayed on lower gears for quite a while on the 70-mph section to feel the power. It's a shame that within seconds the bike gets to 70mph whatever gear you are in, but it's fun.
All the time I was telling myself to practise all the good habits - look far ahead, keep checking the rear mirrors and look at the sides. You won't believe how quickly you can approach the vehicle in front or move within the lane so as to panic the vehicle in the adjacent lanes. Though I subscribe to the thought that first you got to be alive to enjoy the biking, I'd an opportunity to find out first hand what lack of concentration for a moment can do. Getting to the junction with A13/A127, I "suddenly" found that the cars ahead were moving at a snail's pace and I was still doing 70. Was this going to be one of those boyish moments when you dive ahead of the bike while braking? Not quite, had a quick look to my left, sat upright and went for the downshifts and more-than-gentle dab of the front (brake). It was not an emergency situation but exposed my lack of planning, perhaps carried away by the fantastic weather.
With such a nice balmy weather, you are certain to expect people flocking to the beaches. No wonder that traffic close to junction with A13/A127 was getting into a snail's pace. With only 2 narrow lanes, I stuck to the middle and stayed in the first for filtering. It was very nice of the cars to move out a little bit to let me through. I love revving the engine in such situations just to make sure the car drivers know that I'm there.
On my return, I practised a few stops in the Parking areas on A13. I wanted to feel the speed of the passing bikes and cars. The bikers who spotted waved at me, what a great community feeling. Leaving the Parking area, I was invariably in the first until I reached 70mph and the rev count just getting past 9k (still a long way from the limiter at 13k). The next time I'm out on my bike, I just want to record how sweet it is at 9k. When I was sharing about this weekend ride with one of my managers, who is also a keen biker, he joked that I don't need this bike to get to 9k. Unless you do illegal speed limits, or on a race track, I can't see how one can get past 9k on my bike. But to me, it's the howl that counts more than the speed.
It's almost unbelievable to have had two weeks of sunshine in Spring. Can't wait for the next weekend ride, just hoping that it doesn't spit rain.
Thursday 26 March 2009
Financial Technical Analysis
In this blog entry, I'd like to share my personal thoughts about the financial technical analyses produced by various stock brokerages and fund houses and experts. I don't have any personal grudge against them - they are doing a professional job for their companies. Should the traders and investors read these analyses and take the contents by the face value - my opinion would be No. As the name suggests these are analyses only and are widely variying in their nature. More often than not, the report or outlook of a company keeps changing over time. Do your own research and act on your own rather than following the reports blindly.
Every stock brokerage and fund house have in-house technical analysts who sift through various financial reasearch reports and produce technical analyses. There are television channels that are dedicated to financial news. Invariably these channels provide a running commentary on the performance of various stocks in a trading session. My personal opinion is do not read too much into the analyses produced by these so called experts and analysts. If one were to read a technical report produced by all, or at the least some, of these brokerages, one is very likely to be perplexed.
There is certainly no harm in reading the research reports about the companies. But what I'd personally insist is that the individual trader/investor make the decision rather than take the tip of an analyst. The moment one decide to step into equities asset class, the responsibility is firmly with the individual to look after the funds. You may make mistakes in choosing a wrong stock or entering at a wrong time, but at least you know that you have not fallen to the tip of some analyst.
The other point to consider while taking the research reports by their face value is how good they are for the (prevailing) market conditions. Are you reading these as an investor or a trader or a "day jobber"? The reports may be giving their price target for the next one or two financial years. If the analysts are providing tips for "short-term" trading, invariably they all mention the price target albeit the target date.
If one were to closely follow these analysts, one can find that they keep changing their price outlook and targets almost on a daily basis. If the analysts are horribly wrong, they may not be seen for days together. So why take their tips seriously.
Always remember that Markets behave the way they like. If the Markets were that predictable all the time, then everybody who got into the Equities asset class would have been mega millionaires. So read the research reports, listen to the analysts but make the decision yourself - it is your money.
Every stock brokerage and fund house have in-house technical analysts who sift through various financial reasearch reports and produce technical analyses. There are television channels that are dedicated to financial news. Invariably these channels provide a running commentary on the performance of various stocks in a trading session. My personal opinion is do not read too much into the analyses produced by these so called experts and analysts. If one were to read a technical report produced by all, or at the least some, of these brokerages, one is very likely to be perplexed.
There is certainly no harm in reading the research reports about the companies. But what I'd personally insist is that the individual trader/investor make the decision rather than take the tip of an analyst. The moment one decide to step into equities asset class, the responsibility is firmly with the individual to look after the funds. You may make mistakes in choosing a wrong stock or entering at a wrong time, but at least you know that you have not fallen to the tip of some analyst.
The other point to consider while taking the research reports by their face value is how good they are for the (prevailing) market conditions. Are you reading these as an investor or a trader or a "day jobber"? The reports may be giving their price target for the next one or two financial years. If the analysts are providing tips for "short-term" trading, invariably they all mention the price target albeit the target date.
If one were to closely follow these analysts, one can find that they keep changing their price outlook and targets almost on a daily basis. If the analysts are horribly wrong, they may not be seen for days together. So why take their tips seriously.
Always remember that Markets behave the way they like. If the Markets were that predictable all the time, then everybody who got into the Equities asset class would have been mega millionaires. So read the research reports, listen to the analysts but make the decision yourself - it is your money.
Equities as an Asset Class
I'd like to share some basics in share trading and investing. Some of these have been taken from several media and some are my personal opinion. I'd like to strongly insist that you do not follow these blindly and do your own proper research before trading and investing in shares. The blog is intended to those who want to act as fund managers to their own funds. Some of the information is written from an Indian market perspective. I welcome your comments or remarks.
Identify the purpose:
Identify the purpose as why you want to enter into the equities asset class. For example, you want to create a nest for your retirement, for providing higher education to your children, build a dream house or just want to increase the wealth.
Risk and reward:
Equities as an asset class is inherently risky. It is possible to loose all or part of the money you have put in equities. But there is also the possibility of rewards that come with the risk. This is the most important aspect one has to take into account before getting into this asset class.
Funds allocation and time frame:
Consider how much amount you can comfortably allocate to this asset class. Also consider the time frame that you can be sure of not relying on this allocated funds. There are numerous scenarios that could be considered but for illustration purposes let us consider the following scenarios.
Scenario 1: Person A is comfortable in committing Rs.100,000 and does not need this money within the next 3 years. This money can be carefully traded/invested in equities asset class with a good chance of beating the returns offered by standard bank interest rates. The time frame allows opportunities to meet reasonably set targets and also doesn't force the individual to make hasty decisions should the market doesn't behave as expected.
Scenario 2: Person A is comfortable in commiting Rs.100,000 but requires this money without fail within the next 3 months. It is quite risky to enter into equities asset class for such a short time frame. It may be better to keep the money parked in a bank account.
Scenario 3: Person A can allocate Rs.100,000 towards equities but may require the allocated funds with very short notice, say, a week or a few days. It may not be adviseable to enter into equities if there is uncertainity about the time frame for which the funds can be allocated.
Trade or invest:
There is widespread support for both trading and investing. Personally, I’d call money parked in shares for more than a year as an investment and anything less than that as trading. There are many books on financial investments and one can read these books at their own leisure. My personal opinion is that if one can identify a potential multi-bagger (means the share price increases several fold in the long term), then staying invested for years together could be very good.
Lost Opportunity:
As anything in life, do not worry about the lost opportunity to make money or minimise the losses. Treat it as part of your learning experience and try not to repeat.
Setting Targets:
Set reasonable targets for the money allocated in equities. As a minimum, this target should beat the official inflation figures by at least 10%.
Terminology:
Get used to the terminology. Understand what is m-cap, P/E ratio, EPS, Face Value, Book Value, Dividend, Dividend Yield, Price/Book Value, Dividend Announcement Date, Dividend Effective Date, etc.
M-cap groups:
The companies are grouped as large, medium and small based on their Market Capitalisation. Understand the risk/reward associated with the companies in these groups before committing the funds.
Do Research:
The reason why you buy shares of a particular company is because you want to share its profits. So do good research about the company. Some of the things to consider are: owner(s) or promoters, directors, companies past performance, future plans, their financial position, how they compare against their peers, etc.
Identify the purpose:
Identify the purpose as why you want to enter into the equities asset class. For example, you want to create a nest for your retirement, for providing higher education to your children, build a dream house or just want to increase the wealth.
Risk and reward:
Equities as an asset class is inherently risky. It is possible to loose all or part of the money you have put in equities. But there is also the possibility of rewards that come with the risk. This is the most important aspect one has to take into account before getting into this asset class.
Funds allocation and time frame:
Consider how much amount you can comfortably allocate to this asset class. Also consider the time frame that you can be sure of not relying on this allocated funds. There are numerous scenarios that could be considered but for illustration purposes let us consider the following scenarios.
Scenario 1: Person A is comfortable in committing Rs.100,000 and does not need this money within the next 3 years. This money can be carefully traded/invested in equities asset class with a good chance of beating the returns offered by standard bank interest rates. The time frame allows opportunities to meet reasonably set targets and also doesn't force the individual to make hasty decisions should the market doesn't behave as expected.
Scenario 2: Person A is comfortable in commiting Rs.100,000 but requires this money without fail within the next 3 months. It is quite risky to enter into equities asset class for such a short time frame. It may be better to keep the money parked in a bank account.
Scenario 3: Person A can allocate Rs.100,000 towards equities but may require the allocated funds with very short notice, say, a week or a few days. It may not be adviseable to enter into equities if there is uncertainity about the time frame for which the funds can be allocated.
Trade or invest:
There is widespread support for both trading and investing. Personally, I’d call money parked in shares for more than a year as an investment and anything less than that as trading. There are many books on financial investments and one can read these books at their own leisure. My personal opinion is that if one can identify a potential multi-bagger (means the share price increases several fold in the long term), then staying invested for years together could be very good.
Lost Opportunity:
As anything in life, do not worry about the lost opportunity to make money or minimise the losses. Treat it as part of your learning experience and try not to repeat.
Setting Targets:
Set reasonable targets for the money allocated in equities. As a minimum, this target should beat the official inflation figures by at least 10%.
Terminology:
Get used to the terminology. Understand what is m-cap, P/E ratio, EPS, Face Value, Book Value, Dividend, Dividend Yield, Price/Book Value, Dividend Announcement Date, Dividend Effective Date, etc.
M-cap groups:
The companies are grouped as large, medium and small based on their Market Capitalisation. Understand the risk/reward associated with the companies in these groups before committing the funds.
Do Research:
The reason why you buy shares of a particular company is because you want to share its profits. So do good research about the company. Some of the things to consider are: owner(s) or promoters, directors, companies past performance, future plans, their financial position, how they compare against their peers, etc.
Investments - Asset Classes
We work to earn for a good living. A good living is relative to every individual. Irrespective of that relativity, everyone should subscribe to the thought of making an effort to save a portion, however tiny it may be. There are various ways to save the cash and build a portfolio suitable to the individual in various asset classes. These asset classes could be cash savings in a bank account, mutual funds, pension contributions, liquidity account, immoveable assets, gold, art, etc. Allocating funds to any of these asset classes depends upon the personal circumstances of an individual and should be carefully consulted with someone who has good financial expertise and is aware of the individual's needs. I'm not going to provide the ratios for funds allocation to these various asset classes. I'll be giving some basic tips on considering some of these assets classes.
Liquid Assets:
Those asset classes in which cash is readily available can be termed as liquid assets. These could be liquidity accounts, cash savings accounts or current accounts.
Liquidity Account:
Maintain a bank account which pays some decent interest and allows withdrawal of money, any number of times, without any penalty. This account will provide the liquidity should something go wrong with your regular source of income, that may be your job or business. Depending upon the nature of your job or business or industry, it may be adviseable to have at least 6 months of living expenses in this account. Do not count this money as part of your investment(s). The sole purpose of this account is to provide you the liquidity in an emergency. The monthly living expenses should be comprehensive that should include any regular, weekly, monthly or quarterly outgoing. Examples are rent/mortage, loan repayment, subscription/membership fee, health insurance, vehicle expenses, etc.
Cash Savings Account:
Regularly save cash in a savings account that pays good interest. This should be part of your long-term investments. Interest rates on savings are subjected to change. Weigh the options of parking in a fixed-term savings account and a non-fixed-term savings account. More often than not, the returns on such accounts do not beat the inflation. This is the least risky investment. Having said that, should the bank go bust, only a pre-determined amount would be returned to investor. For example, by current law, banks operating in India covers only the first Rs.200,000 in an account per person per bank.
Semi-liquid Assets:
Those asset classes that are not ready cash but can easily be converted to cash can be termed as semi-liquid assets. These could be bullion, gold/silver/platinum jewellery, shares, etc. As the value of these assets is subject to international market forces, there is an inherent risk to these asset classes.
Bullion:
Silver, Gold, Platinum can be treated as semi-liquid assets as they can be quite easily sold to convert to cash. The value of these vary on a daily basis.
Jewellery:
Jewellery made of precious metals can be easily sold to convert to cash. Again the value of these vary on a daily basis. There is always a chance for loss of value while selling jewellery.
Shares:
Shares can be easily converted to cash in the equity markets as long as the company that issued the shares has not gone bust and is still trading on the stock exchange on which the company shares were bought.
Immoveable Assets:
Real estate, residential/commercial properties form some of the immoveable assets. Over a long period of time frame, say, 10 or 20 years, this asset class could give good returns on the investment. Again the value of these are subject to various local forces.
Liquid Assets:
Those asset classes in which cash is readily available can be termed as liquid assets. These could be liquidity accounts, cash savings accounts or current accounts.
Liquidity Account:
Maintain a bank account which pays some decent interest and allows withdrawal of money, any number of times, without any penalty. This account will provide the liquidity should something go wrong with your regular source of income, that may be your job or business. Depending upon the nature of your job or business or industry, it may be adviseable to have at least 6 months of living expenses in this account. Do not count this money as part of your investment(s). The sole purpose of this account is to provide you the liquidity in an emergency. The monthly living expenses should be comprehensive that should include any regular, weekly, monthly or quarterly outgoing. Examples are rent/mortage, loan repayment, subscription/membership fee, health insurance, vehicle expenses, etc.
Cash Savings Account:
Regularly save cash in a savings account that pays good interest. This should be part of your long-term investments. Interest rates on savings are subjected to change. Weigh the options of parking in a fixed-term savings account and a non-fixed-term savings account. More often than not, the returns on such accounts do not beat the inflation. This is the least risky investment. Having said that, should the bank go bust, only a pre-determined amount would be returned to investor. For example, by current law, banks operating in India covers only the first Rs.200,000 in an account per person per bank.
Semi-liquid Assets:
Those asset classes that are not ready cash but can easily be converted to cash can be termed as semi-liquid assets. These could be bullion, gold/silver/platinum jewellery, shares, etc. As the value of these assets is subject to international market forces, there is an inherent risk to these asset classes.
Bullion:
Silver, Gold, Platinum can be treated as semi-liquid assets as they can be quite easily sold to convert to cash. The value of these vary on a daily basis.
Jewellery:
Jewellery made of precious metals can be easily sold to convert to cash. Again the value of these vary on a daily basis. There is always a chance for loss of value while selling jewellery.
Shares:
Shares can be easily converted to cash in the equity markets as long as the company that issued the shares has not gone bust and is still trading on the stock exchange on which the company shares were bought.
Immoveable Assets:
Real estate, residential/commercial properties form some of the immoveable assets. Over a long period of time frame, say, 10 or 20 years, this asset class could give good returns on the investment. Again the value of these are subject to various local forces.
Sunday 15 March 2009
Weekend Bike Rides - 15/03
It's been a while since I took my bike, Yamaha FZ1-SA, for jolly weekend rides. From December to February, I took it out only on a handful of occassions, mainly to have a feel for the bike and the grip that was available. This being my first winter weather riding, it was all new. I have heard and read about the lack of grip, but feeling it first-hand was something scary and special.With the arrival of Spring and a better weather, it was time to go on a jolly weekend ride. The weather was not bad, about 12c, but there was more than gentle cross-winds. Fuelled and checked tyre pressure, as usual, in Barking Tesco.
Took to A406 Westbound, the North Circular Road, at Barking junction. Going over the flyover at Ilford, I could feel the strong cross-winds, the one thing that I hate. Good that I did some winter weather riding, I was already feeling a lot comfortable with the grip, as I'd make a comparison between the grip levels. Onto M11 slip road, for the first time in months, I was able to lean the bike with some confidence. Hitting the motorway, I was able to get some proper heat into the tyres by dropping to lower gears and ride on a higher-rev range. I got to tell you how sweet it sounds when you get over 7k revs. If you are on a motorway and doing about 70mph (112 kmph) in 6th gear, you hardly hit 5k revs. But drop a couple of gears and you find the revs going about 7k and that is sweet.
Now to the main riding bit, Harlow to Maldon. Off M11, took the exit to A414 heading to Harlow. I love the entry and exit to slip roads as I'd practise some serious downshifts, braking, and acceleration. Started my run near Harlow Town Centre heading towards Maldon. The roundabouts in these out-of-town places are amongst my favourites too. It gives you the opportunity to flick the bike and a chance to accelerate hard in the first gear. The route itself is not too demanding and most of it is 50mph (80kmph). There are some gentle sweeps that doesn't warrant too much of a lean, unless you are doing illegal speeds. I was able to spot only a few riders and acknowledged them with a gentle head-nod. The nodding of your head is one of those wonderful moments that make you feel happy, at least for me, I suppose.
For most of the section from Harlow to Chelmsford, I was riding in 3rd gear to enjoy the power-band through the bends. There are a few roundabouts in this section where you can practise some nice left-right flips. Exiting these roundabouts I always stay in the first gear and get over 7k rev range to enjoy the sweetness of the engine. The traffic on this section wasn't bad, I always had a free space at the front and back, to practise some acceleration and downshifts to the roundabouts. Exiting one of the roundabouts, you get national speed limit of 70mph, and this is where I love to open the throttle. On a previous visit on this route, I did a 1st gear 60mph which took me just over 9k revs. I was hoping if I'd a clear road in front of me, then I could try it. Luckily, the road was almost clear and I'd a chance to go over 9k revs in the first gear. The roar of the engine in first gear when it gets to about 9k engine is something I'd love to hear it from the roadside as a pedastrian. I stayed it on a while before upshifting.
On these out-of-town roads, some car drivers are very considerate. When they see a motorcycle they tend to stay to their left and provide you enough room to get past them. If there is a gaggle of cars, you could see most of them moving to their left in a sync and that is a beautiful sight for any biker.
The 17-mile section from Harlow to Chelmsford was gone in a pleasurely ride, taking the occasional scenaries in my stride. On my return, I took to some city riding from Romford to Ilford on A118. This gave me the opportunity to practise slow riding and filtering.
I did 75-miles on this ride and had a chance to practise almost everything. I'm awaiting a free one-day BikeSafe training with Met police. I did a similar one last year and it was so helpful. Another one of these training sessions would help me get assessed for another season of safe riding.
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