July | 2011 | wealthymatters

Sri Padmanabha Swamy’s Treasure

July 9, 2011 1 Comment

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Gold soothes me.Money relaxes me.So I often do the accounts when I wish to relax.Being surrounded by wealth makes me feel good .BTW I don’t have to own any of it to feel good.

The past couple of weeks I have been really stressed out.There are so many things that need to be done that it’s hard to sit down and get any one thing finished before I have to switch over to doing something else.

One of the main ways I have been relaxing,is following the news stories covering the Supreme Court ordered inventory of the treasure of the Sri Padmanabha Swamy Temple in Thiruvananthapuram.

The principal deity of the temple is Sri Padmanabhaswamy ie Vishnu in the “Ananta-sayanam” posture ie in the eternal sleep of Yoga-nidra on the serpent Ananta.Vishnu is part of the Trinity in Hinduism.He is the Preserver.Lakshmi the Goddess of Wealth is his consort.The current temple was built by the erstwhile rulers of Travancore.

Here is a list of what the newspapers have reported as having been discovered in the cellars that have been opened up so far: Read more of this post

Filed under Tidbits Tagged with Anantasayanam, Anizhom Thirunal, archeologists, Aureus, belgian glass, Colachel War, donations, Dutch East India Coins, Eustatius De Lemmoy, French Coins, Gold, gold statues, Greek Drachmas, historians, horde, kasu mala, Kulasekhara Perumal, Lakshmi, Mathilagam records, Money, ornaments, Padmanabha dasan, Portugurse Coins, postaday2011, preserver, RandomBlog2011, Roman Coins, Sree Padmanabha Swamy Temple Gouri Lakshmi Bayi, Sri Padmanabha Swamy, Sriveli, Travancore, treasure, trove, Venetian Ducats, Vijayanagar Coins, Vishnu, yoga nidra

Shopping For NCDs on the Stock Market

July 6, 2011 7 Comments

wealthymatters.com Buying an NCD at an IPO when interest rates are high and holding it to maturity is a pretty sound idea.But buying NCDs in the secondary market can be pretty profitable too.

The prices of NCDs vary with changes in the prevailing interest rates.So careful shopping when prices fall as interest rates rise and holding on till maturity is more profitable.

If a person is good at figuring out which way the interest rates will move,he could buy NCDs cheap and exit them when their prices peak.This could potentially increase returns.

Investing in NCDs

July 4, 2011 4 Comments

A non-convertible debenture is a fixed income instrument where the issuer agrees to pay a fixed rate of interest to the investor. An NCD cannot be converted into equity of the issuing company unlike convertible debentures.NCDs are good substitutes for fixed deposits,especially company deposits.

Debentures are of two types secured and unsecured. The debentures with a “charge” on the assets of the issuer are called secured debentures. So in case of a default by the issuer, the secured debenture holders are paid by selling the assets against which the charge was created. Secured NCDs offer lower interest than their unsecured counterparts. Read more of this post