Sovereign Gold Bonds – I’ll Pass

wealthymattersThe first I heard of the Sovereign Gold Bonds was on Dhanteras day when my bank tried to get me to purchase some of them.At the time , I was on my way out shopping  and my first thought was: Do I really want to postpone my gold purchases for a year to earn an additional 275 rupees per Rs10,000/-?Yaar, I could haggle with the jeweller and easily get that much and more off my purchases. And then, I love wearing jewellery.Do I want to give up on that pleasure and experience, multiple times a year, for as little as 275 rupees? That too in the days when one simple restaurant meal, or a taxi ride might cost that much and more? The answer then was an easy “NO”.

Later, I was to learn worse about these bonds. They are priced higher than the price of physical gold on the street. So there goes any notional interest a person might have earned! Read more of this post

How To Compare Family Health Insurance Plans

wealthymattersIf you’re thinking about taking a family health insurance plan, there are a lot of things you need to consider before buying the right plan for your family. You have the option to choose from a variety of policies but if this is your first time buying an insurance policy, you’re probably not quite sure which one actually suits your needs.

Here’s an entire glossary on health insurance plans that will surely enlighten you on the nuances of procuring the perfect health insurance for your family.

Types of Health Insurance Plans

There are plenty of health insurance plans available in India to help you in times of medical emergencies. You should specifically focus on coverage, premiums, returns and a bunch of other stuff to make the right pick.
Here are the 6 health insurance policies readily available in the Indian insurance policy market: Read more of this post

Real Wealth Vs. Paper Valuations


wealthymattersSam is a painter. He has about $50000 in cash and no particular income source apart from small gigs here and there. He is very savvy in his expenses and doesn’t waste any of it, painting most of the time.

He shows his paintings to one of his friends, who happens to be a consultant. The friend on seeing a particular painting, stops and wanders in exclamation, “Dude, you should show this to art galleries, they would pay 100s of millions for this”.

Sam gets excited. He gets some more consultants to do the review for his painting and they too tell him that they can sell the painting easily for 50 million dollars. He pays the consultants $500 each in fee and they are off.

Sam is very happy. He is going to be a millionaire. He decides to celebrate. Spends 1000 dollars on dinner and wine. Next day, he meets a lot of people, “They say, yeah, this is a really wonderful painting. Congrats, you’ve come up with your masterpiece.” Read more of this post

Results of Falling Crude Oil Prices

wealthymatters1. Reduction of India’s crude oil import bill.

2.Soft crude oil prices threaten growth in oil producing economies and has an effect on foreign fund flows into India.

3.Falling crude prices means lower income for oil-exporting countries, leading to slowdown in global demand and fall in Indian exports.



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