Advertisements

Hear It From A Real Life Hero


wealthymatters

Advertisements

Lakshmi From Mythology


Not that there is anything like a common mythology amongst the diverse peoples of India,so its no surprise that most of us should be quite ignorant of common tales from elsewhere.

As Lakshmi is a pretty popular and widely accepted in Indian homes,its enlightening to study her tales to get insights into how others might think about wealth.

So here’s a round up of Lakshmi stories by Devdutt Pattanaik.Enjoy!

Read more of this post

My Thoughts On YES Bank


wealthymattersPersonally I dislike being compelled to deal with murky businesses, taking on unknown and unknowable risks with my finances and gambling with the lives and well-being of myself and dependents, simply because those in the government think that we can all be compelled to be more honest by dealing via banks and serve the country’s development needs best by investing in financial products. Now as I’m hardly the type to keep my discontent and opinions to myself, I’ve also been one of those howling for a thorough overhaul of our banking and financial system on a pretty routine basis. However, I also believe that when the system delivers, we need to appreciate the breakthrough made. There is much around us to criticize, but let’s not allow our negativity to undervalue the good in what we have at hand. So let’s take a step back and evaluate things a bit. Read more of this post

Diwali Thoughts


 

Happy Diwali !

Here are some profound thoughts on commerce and wealth drawn from mythology to reflect on this Diwali.

I’ll be sure to follow-up with an English synopsis ASAP.My apologies to all readers who don’t speak Hindi.

Gold Facts


buy gold on diwaliAs we head towards another Diwali, here are some gold facts to keep you motivated to make regular purchases in the physical product.Repeat ;physical and no version of paper gold.

1.With every 1 per cent rise in income, gold demand climbs by 1 per cent. But when prices rise 1 per cent, gold demand falls only 0.5 per cent.

2.For a 1 per cent increase in inflation, gold demand increases by 2.6 per cent as investors turn to gold to protect themselves against inflation.

3.Rural consumers show a pronounced preference for plain gold jewellery, while urban consumers are likely to buy gold set with precious and semi-precious stones.Plain gold jewellery accounts for some 88 per cent of purchases in rural India while the corresponding figure for urban areas is 57 per cent. In the days of rampant lab simulated diamonds sold as natural ones,a body is likely to help themselves by choosing plain gold pieces or simply discounting the price of “diamonds” while buying ornaments.Better assume them to be fake and be pleasantly surprised if they turn out otherwise. Read more of this post

%d bloggers like this: