#XRBIA Chembur Central – Making Lavish Living Affordable

wealthymattersMumbai is a city where real estate is so expensive that a lot of people, even those who are far from poor, make do with tiny homes in old dilapidated buildings and others resign themselves to living in far off suburbs in the MMR where homes are cheaper and then suffering the inevitable long commutes into the city.

Now the problem of living so long in an environment where we train ourselves to expect less by way of lifestyle, as an inevitable compromise to get on with the business of making money in Mumbai, is that we often forget to open our minds enough to ask if this much of compromise with the quality of life of ourselves and our children is really inevitable. For those of us living a cramped life in really old houses, are there no other locations where the houses are newer and the social infrastructure comparable to those in older neighbourhoods of the city ?And for those of us commuting for hours everyday, are  there no better located homes, such that long commutes are cut short and we literally find time to actually live life in the Maximum City? Read more of this post


The Pallava’s Lakshmi

Lakshmi, her imagery and the way we tell stories about her are  India’s way of communicating ideas about wealth, good fortune and prosperity.

Now close your eyes and try to bring up the topmost mental image you have of Lakshmi. In these days of internet conveyed pop-culture, its probably something like this:


Perhaps your Lakshmi wears a green sari, that’s more common in some regions. Perhaps pink as the Chinese today make fibre images that way to match the pink lotus! Read more of this post

Technical Analysis For Fundamental Investors

wealthymattersTechnical Analysis of stocks and Fundamental Analysis are often spoken of in dichotomous terms; The former being the sole preserve of speculators and the latter of genuine investors in the stock market.

However, as all fundamental investors know, Mr Market is something of a maniac depressive with wide mood swings ranging from absolute depression to euphoria. So waiting for market prices to reflect  intrinsic values can often be a long and frustrating wait ,costing money in terms of missed opportunity and worse cost actual money if fundamental investors take positions based on their analysis and get the timing wrong. And it is here that Technical Analysis can help fundamental investors by tipping them off on which way stock price might move. Read more of this post

The New Case For FDs

wealthymattersYou can’t run a shop without cash in the till. And in the same way you can’t get through life smoothly without a certain cushion of readily accessible cash that you can dip into as per your need. For quite a while now, readily accessible money meant various types of bank accounts, stocks and mutual funds that you could cash in fast whenever needed even as they continued to grow quietly in the background.

However, this year’s budget has changed the situation a bit on account of the 2 quotes below:

The return on investment in equity is already quite attractive even without tax exemption. There is therefore a strong case for bringing long term capital gains from listed equities in the tax net. However, recognising the fact that vibrant equity market is essential for economic growth, I propose only a modest change in the present regime. I propose to tax such long term capital gains exceeding Rs1 lakh at the rate of 10% without allowing the benefit of any indexation. Read more of this post

Beware ICO Scams

wealthymattersToday the vast majority of people would find it hard to explain what block-chain, cryptocurrency, initial coin offers (icos) etc. really are. But all of them probably have read at least one media story of instant fortunes having something to do with such buzz words and quite a few people are eager to try their luck at making their own fortune.

Ignorance and greed is a deadly combination and a whole world of scamsters have jumped in to rip0ff people. Not only is the internet full of ads for initial coin offers but scam artists have bought their way into the pages of mainstream financial papers in India to talk about the success of their icos in other countries, including places like Panama.

Of all the ICOs world-wide last year, its believed that over 60% of the businesses have simply disappeared by early this year.

Its truly easy to run an ICO scam. All scamsters have to do is : Read more of this post

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