wealthymatters

Get Started !

August 23, 2012 1 Comment

Agar Kaam Karna Hai To Seengh Ghusa Do

If you want to do something or learn any new work, then literally speaking ,’put your horns inside’ or start participating or playing the game . Observe and get the knowledge or know-how you need in the course of doing.

When the time is right and the game is BIG, then only those players who are in the field will WIN and not the ones who are outside and are contemplating to enter at that point.

Filed under Entrepreneurship, Tool Kit Tagged with get started, learn by doing, on the job learning, on the job training, participate, postaday, start, win, winners

August 21, 2012 3 Comments

Giving of your time, energy and money because you want to is good. Letting someone else push,trick or guilt you into giving is bad.

Filed under Tool Kit

Some Real Estate Facts To Mull Over

August 21, 2012 11 Comments

wealthymatters.com (1)Long term returns from residential real estate

Robert Shiller, by tracking the US home prices data from 1890 concluded that in the longer run, property prices grew at an annualised return of around 3%, just keeping pace with inflation.Housing price rises could not outstrip inflation in the long term because, except for land restricted sites, house prices would tend toward building costs plus normal economic profit.

I have no such data for India.But here is what I can attest to:an ancestral house acquired 120 years ago for 6000 Rupees is now valued at 1.2 crores-an annualized return of about 6%.I think this is close to the long term inflation rate in India.

(2)Is home ownership all that it is touted to be?

In a poorer country like Bangladesh, 90% of the houses are owner occupied. Whereas in a richer country like Switzerland, only 33% of the houses are owner occupied.

Europeans are more comfortable with renting compared to Anglo Saxons and we Indians need to decide whose model we choose to follow.Read what Niall Ferguson has to say about property ownership. Read more of this post

Filed under Theory, Tool Kit Tagged with ancestral house, capital appreciation, Case-Shiller index, depreciation, EMI to income ratio, fluctuations in income, illiquid, inflation rate, keeping pace with inflation, liquidity, long term contracts, Long term returns from residential real estate, monopoly, mortgage insurance, Mortgages, Niall Ferguson, postaday, property ownership, property-owning democracy, real estate investing, rent rate, rent ratio, Robert Shiller, volatility

A Gold trading Tip

August 21, 2012 2 Comments

wealthymatters.com Here is a bit of traditional wisdom:

Gold generally trades in the lower range around March and July. Generally, this is the best time to buy gold and marriage season is the best time to sell gold.

Filed under Precious Metals, Tool Kit Tagged with best time to buy gold, best time to sell gold, Bullion, buy gold, Gold, gold coin, gold investing, Gold Investment, gold rates, gold trading, postaday, sell gold

Priya’s Story

August 21, 2012 11 Comments

wealthymatters.com Here is a story I came across on the internet today.Thought I’d share it with you.

Few things I learned after Mithun:

We always believe we will live forever. Bad things always happen to others.

Only when things hit us bang on your head you realise… Life is so unpredictable….

My husband was an IT guy…all techie…And I am a chartered accountant…Awesome combination you may think…

Techie guy so everything is on his laptop…his to do list… his e-bill and his bank statements in his email… … He even maintained a folder which said IMPWDS…wherein he stored all login id and passwords for all his online accounts…And even his laptop had a password… Techie guy so all the passwords were alpha-numeric with a special character not an easy one to crack…Office policy said passwords needed to be changed every 30 days…So every time I accessed his laptop I would realise it’s a new password again… I would simply opt for asking him ‘What’s the latest password’ instead of taking the strain to memorise it. Read more of this post