For Whom Wealth Matters
December 16, 2012 Leave a comment
Ever since http://www.diaprices.in stopped publishing prices in the old format I mentioned before and switched to the current one with no details of smaller stones and better colour grades I have found the price list here of more use to figure out what sort of deals I am being offered on my diamonds.Hope you find it useful too.
December 15, 2012 2 Comments
WHAT IS AN LBO?
During mergers and acquisitions, when the buyer borrows money by keeping assets of the target company as collateral to fund the acquisition, it is known as a leveraged buyout (LBO). The borrowed funds could include junk bonds or traditional bank financing. Often a leveraged buyout does not involve much committed capital, as reflected by the high debt-to-equity ratio of the total purchase price (typically an average of 70% debt, 30% equity). In addition, any interest that accrues during the buyout tends to get compensated by the future cash flow of the acquired company. Read more of this post
December 14, 2012 3 Comments
We take no Hindi papers at home so it was by complete chance that I came across these stories today.I read them and was moved.I think all of you who can manage to read them will be too.Read them and remember never to scorn small beginnings or despair of them,unknown to you they might lead to big things.Life is strange and it is not for us to know out fate before hand.Go with the flow and meet your destiny.
ज़मीन से आसमान तक जाने के तो हजारों किस्से हैं लेकिन यह किस्सा उसमें खास है। भारत का एक कारोबारी जो आज सारी दुनिया में हलचल मचा रहा है, दरअसल लोहे के कबाड़ बेचता था। उसने कॉलेज का मुंह तक नहीं देखा था।
जी हां, आज वही शख्स बिज़नेस की दुनिया में नए-नए मुकाम बनाता जा रहा है। उसने कई ऐसे काम किए हैं और उद्योग लगाए हैं जिससे उसकी कुल दौलत 6.4 अरब डॉलर से भी ज्यादा है। जी हां, आपने सही समझा, ये हैं वेदांत समूह के चेयरमैन अनिल अग्रवाल।
अनिल अग्रवाल के पास अपने विमान हैं, दुनिया के कई शहरों में ऑफिस हैं लेकिन एक समय था कि उनके पास एक साइकिल खरीदने के पैसे भी नहीं थे। उनके पिता ने जब उन्हें साइकिल खरीदकर दी तो उनकी खुशी का ठिकाना नहीं रहा। आज भी वह उस साइकिल को भूलते नहीं है। उन्होंने एक सामाचार पत्र को दिए एक इंटरव्यू में कहा था कि साइकिल पाना मेरी जिंदगी का सबसे खुशनुमा दिन था। Read more of this post
December 12, 2012 2 Comments
If you have made a one time lump sum investment and opted for the growth/dividend reinvestment options here is the formula: CAGR = [(final amount/amount invested)^(1/tenure)] – 1
In case you have a SIP and have opted for the growth option,then use the IRR feature in excel to calculate your returns.
In every other case use the XIRR feature in excel.
Remember that money out of your pocket is marked”-” and money into your pocket is “+” while calculating IRR and XIRR. For worked samples see this link.
December 12, 2012 2 Comments
The graph above shows the value of an individual’s emergency fund expressed in the number of weeks worth of expenses vs. the percentage likelihood of having an emergency that would wipe it out. It starts at 100% with no emergency fund and works down to about 3% at 52 weeks worth of expenses in reserve. Read more of this post
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