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Forbes Real – Time Billionaires


wealthymatters,comA couple of days back I did a post on Bloomberg’s daily updated Billionaire’s list.Here is the link if you are coming in late: http://wealthymatters.com/2012/05/25/bloomberg-billionaires-list/.

Today I found out that Forbes has a similar list which is updated with a fifteen minutes lag. You can take a look at this list here:http://www.forbes.com/real-time-billionaires/.

The differences in the 2 lists are due to differences in the methodology used to estimate the net worth of these billionaires.The differences might seem huge,but keep in mind that if these net worths were so easy to tally up easily they wouldn’t be such large fortunes .

Now have fun watching huge sums being made and lost in the time it takes to snap your finger.

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What Makes You Well Off In America ?


wealthymattersThe calculator in the post  How Wealthy Would You Have Been In America ? puts out median figures of net worth of Americans depending on age and income.The median value is the quantity lying at the midpoint of a set  of observed values or quantities.

The figures in the post What Americans Consider Rich are the opinions of  the people surveyed by Gallup.

The figures below reveal the ground reality.They show where ,what a person makes puts them on the income pyramid and what a person has salted away puts them on the net worth pyramid. Read more of this post

Quiz: What Is Your Wealth Beta ?


wealthymattersHere is a quiz put together by Robert Frank to help you decide just how transient your wealth may be.Just answer the questions below honestly and tally up your score and read the result from the list at the bottom of the post.

I took the quiz and worried that I had a couple of threes but I managed to remain Low Beta.Heaving a big sigh…..Take the quiz and find out how much danger you might be in.

1. Is your total debt relative to net worth …

a) Less than 10% (1 point)

b) Between 10%-20% (2 points)

c) More than 20% (3 points) Read more of this post

Bloomberg Billionaires List


wealthymattersThe Bloomberg Billionaires List consists of a daily ranking of billionaires by net worth.You can access it here http://topics.bloomberg.com/bloomberg-billionaires-index/

What I find interesting about the list is the daily fluctuations in these net worth figures.Obviously,these figures are for staggering amounts of money simply because these people are so wealthy.But as a percentage of their net-worth it’s not all that large.This is in huge contrast to the “financial advisers” who so glibly talk about “true investors” being comfortable with upto a 50% drop in portfolio values.It’s obviously easier to play round with and/or lose someone else’s money. Read more of this post

How Wealthy Would You have Been In America?


wealthymatters.comIn India,as in other parts of the world, many people believe that migrating to the US is a sure shot way to wealth.Ofcourse,given the exchange rates, earning in USDs, or for that matter in GBPs,Euros,CHFs,CADs,AUDs,SGDs might make a person very rich in rupee terms.But expenses to maintain the living standards a person might take for granted in India,such as house help will use up a large part of one’s dollar  earnings.Then the investment options available are entirely different and steeper  taxes eat into one’s wealth.

Here are a couple of calculators to help you see what you might be potentially worth in the US. http://cgi.money.cnn.com/tools/networth_ageincome/index.html .If you are worth more than the median figures the calculator throws out, pat yourself on the back for doing a good job.Moreover given a purchasing power parity of 16 know that your rupee equivalent will just stretch so much more in India.Add in the new opportunities opening up in a rapidly changing India,and perhaps by staying home you don’t have such a bad deal after all!

Of course it’s great if you can earn in USD et, al and spend in INR,and enjoy the best of all worlds!

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