Investing In Coins

February 6, 2012 1 Comment


wealthymatters.comCollecting coins can be an engrossing and rewarding hobby.

I started collecting coins when I was about 2 years old.My dad worked in the airport then.Every few days he would bring me a few foreign coins and my mom used to tell me about these far away countries.My mom was also trying to prepare me to begin school and her way of teaching me about money and counting was to get me to play with the brass coins of those days.These were the earliest coins to make their way into my collection.

When I started collecting coins I didn’t have any focus nor did I care about the value of the coins might have in future.But years later I was pleasantly surprised to find out just how much my coins were worth.A brass 20 paisa with a lotus picture was a pretty common coin then and even now.Nevertheless it sells for no less than 8 rupees today.A compounded annual gain of close to 10% per year for 48 years. Read more of this post

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When To Buy Silver ?

February 3, 2012 1 Comment


wealthymatters.comIf you are like me, the contents of the table here https://wealthymatters.com/2012/02/01/heart-stopping-silver-price-movements/ should be unsettling.But at the same time it shows how much money could be made in silver in relatively shorter periods and in a pretty passive way too.So the key to making some money from silver is to know when to buy it and when to exit it safely.The article below from yesterday’s ET should help a bit in buying and selling silver profitably.I have highlighted the parts I felt would be useful.

Silver’s path rarely smooth; don’t forget the dark clouds

Nidhi Nath Srinivas, ET Bureau Feb 2, 2012

Silver fell 44% last year, the most by any metal. Many punters in India lost their shirts. Silver is up 20% in January. Is it a good time to once again dip your toe in the water? ET helps you join the dots. Read more of this post

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Advice For Speculators

February 3, 2012 Leave a comment


Below is a nice write-up I found here: http://www.numbersleuth.org/trends/.It has some pretty sage advice if you like to gamble or speculate.

Personally,while my brain can grasp the fact that Warren Buffett’s  style of investing is the best way to make and keep money,I find it hard to control my urge to speculate.I deal with this problem by clearly delineating what resources I will gamble with and what I won’t ever hazard ,come what may.Next I’m willing to do what ever I need to to better my odds.Do read the article below;I have highlighted the important part.It will remind you of Rakesh Jhunjhunwala’s advice to buy with conviction.

Savvy Advice for Unsavvy Gamblers

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Gold Facts

February 1, 2012 Leave a comment


wealthymatters.com

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Heart Stopping Silver Price Movements

February 1, 2012 1 Comment


wealthymatters.comThe table below is from http://www.indiagoldrate.com/india-highest-lowest-silver-price-history.htm

A study of the numbers below should give an idea of just how heartstopping investing in silver can be.Many many times worse than buying gold at peaks! Read more of this post

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