wealthymatters

Safer Bets

September 21, 2012 2 Comments

The return of capital is more important than the return on capital.So it is important to avoid the pump and dump operations of promoters and market operators. Here is a list of safer promoters compiled by jigs of BSE India Market View

Indian promoter groups:

Birla(founded in 1861),

TATA (founded in 1868),

Dabur(1884),

Kirloskar(1888),

Godrej (1897),

Murugappa (1900),

TVS(1911),

Singhania(1918),

Bajaj(1926),

Ramco(1938),

Mahindra(1945),

Hero (1956),

Kalyani(1964),

HDFC(1977),

Jubilant (1978). Read more of this post

Filed under Paper Assets, Tool Kit Tagged with market operators, postaday, promoter groups, pump and dump, share investing, shares, stocks

Nota Bene

September 20, 2012 4 Comments

Compared to other asset classes, gold has historically outperformed in a wide range of uncertain economic scenarios: deflation (falling prices accompanied by low or negative growth), stagflation (high inflation and low growth as seen in the US in the 70s) and in potential hyper-inflationary outcomes while it tends to lag when the global economy is booming.

Filed under Precious Metals, Theory, Tool Kit Tagged with booming economy, Bullion, Bullion Investment, deflation, Gold, Gold Investment, hyperinvestment, postaday, precious metals, precious metals investment, stagflation, uncertain economic scenario

Diamond Colour Chart

September 14, 2012 9 Comments

wealthymatters.com

Except in the case of fancy diamonds,where vivid colours are preferred,the most prized diamonds are colourless and grading a diamond optimistically is a fine way to improve margins.I use the chart above to judge colour. Ideally diamonds should be colour graded before setting them because the metal colour is taken up by the set stones.A good workaround to the problem is to wear a diamond of the grade you wish to purchase set in the metal of choice and compare with the gemstones in the piece you wish to buy.This way the effect of different colour lights can be controlled too.Slightly yellowish stones might not show on yellow gold but why pay more for them?

Filed under Alternative Assets, Tool Kit Tagged with colour grading diamonds, Diamonds, fancy diamonds, grading diamonds, investing in diamonds, investing in gemstones, loose diamonds, postaday, set diamonds, yellowish diamonds

Diamond Size Chart

September 14, 2012 2 Comments

wealthymatters.com

Here is a chart I find useful to get a general idea of the weight of diamonds set in a piece of jewellery.I use it to roughly estimate the price of the diamonds in a piece I am thinking of buying.Most jewellers merely give a gross figure of diamond weight not the weight of individual gemstones.The price of a carat of diamonds varies greatly depending on the size of individual stones.So being able to estimate sizes gives you a good chance to bargain.After all if diamonds are to be treated as assets we need to be sensible about the price we pay for them.Hope you fund this chart useful too.

Filed under Alternative Assets, Tool Kit Tagged with carat diamond, diamond weight, Diamonds, estimating the weight of a diamond, investing in diamonds, investing in gemstones, postaday

Gina Rinehart Quote

September 11, 2012 10 Comments

“There is no monopoly on becoming a millionaire.If you’re jealous of those with more money, don’t just sit there and complain. Do something to make more money yourself – spend less time drinking or smoking and socialising and more time working. Become one of those people who work hard, invest and build and at the same time create employment and opportunities for others.”