wealthymatters

Canara Robeco’s Take On Gold

June 5, 2012 10 Comments

Below is an article from today’s ET.The author has failed to convince me that buying and holding physical gold at current prices is likely to be a good idea in the long term.After all paper currency systems must collapse sometime and gold tends to be around forever.But buying paper gold,especially as part of a blended mutual fund such as a combo of equities,gold and debt might have something going for it.Read the article below and decide for yourself:-

Gold to scale new peaks in coming years: Ritesh Jain, Head of Investments Canara Robeco Asset Management.

It’s a lump of metal with no cash flows and earnings power. The buyer even foregoes gradual accumulation of intrinsic value as it is industrially useless. But just imagine the second-largest economy in the world frantically buying this metal. Read more of this post

Filed under Paper Assets, Precious Metals Tagged with austerity, blended mutual fund, Canara Robeco Asset Management, Gold, gold bull, gold bull run, Gold Investment, Inflation, old bull market, paper gold, postaday, Ritesh Jain, Rydex Precious Metals Fund.

It’s Impossible Not To Be A Millionaire

June 4, 2012 7 Comments

In this post I will tell you the strange story of Curt Degerman.His story will show you how it is impossible not to become a millionaire.

Curt lived in the Swedish coastal town of Skellefteå.He was born in 1948.As a child he was very clever and had a bright future but dropped out of school in his late teens after a personal crisis.He never completed school, married, nor had a family of his own.He chose to live an alternative way of life and largely kept to himself.

Curt Degerman was called “Burk-Curt” (‘Tin-Can Curt’) by the residents of Skellefteå.For forty years Curt was a solitary figure seen cycling around the town in his blue anorak and ragged trousers.He spent his days touring the recycling bins of the town on his old bicycle and rummaging through them, collecting bottles and cans .Curt transported the bottles and cans he found by stuffing them into bags tied between the handlebars of his bicycle.He sold the tins and bottles to shopkeepers and a recycling plant. Read more of this post

Filed under Paper Assets, Precious Metals, Theory, Tool Kit Tagged with bank savings, Curt Degerman, Dagens Industri, estate, gold bars, income from recycling, kronor, Millionaire, Mutual Funds, postaday, recycling, Skellefteå

An IPO Investment Tip

June 3, 2012 5 Comments

I’m not really that much of an IPO investor-I have only applied twice,once for Coal India and the second time for MCX.I find IPOs too much of a gamble.I’m never certain that I have all the relevant facts before me to take a decision.Blind trust and money just don’t go together for me.That said, I have heard the stories of how people have made good money fast from IPOs.So I continue to look for ways to even the odds in the game.This is an article I came across in the ET:http://articles.economictimes.indiatimes.com/2012-06-01/news/31959423_1_nonvegetarian-food-investors-listing-day

The relevant excerpt is as follows: Read more of this post

Filed under Paper Assets, Theory Tagged with Coal India, IPO, IPO investing, MCX, postaday, share bazar, stock market

The Wang Fu Or Lucky Face For Wealth

June 2, 2012 2 Comments

The Chinese believe in lucky and unlucky faces and a great deal is made of the mountains and rivers of the face, which indicate wealth and fortune. Generally the central axis of the face is deemed to be a crucial indicator of a person’s lot in life, and when this appears to balance both sides of the face, the powerful trinity of luck is said to be properly aligned for prosperity.The description of the Nine Wealth Features Of The Face below is taken from the book “Discover Yourself ” by Lillian Too’

The first wealth spot
The first wealth spot, the forehead (which also represents the luck from heaven and is the foremost mountain of the face) is round, high, curved and protruding. Such a forehead indicates power, wealth and great authority. A perfect forehead is rare, but as long as this protrudes and looks prominent and wide, good fortune is indicated. A good forehead augments all the other luck features since this also signifies the place of the heavenly celestial dragon. This is a yang spot in the face and means a great deal in terms of one’s luck potential. Look after your forehead and keep it clear of blemishes, spots and unsightly pimples. Use artificial aids to ensure a smooth forehead. Moles on the forehead are acceptable unless they are placed dead in the centre, in which case they should really be removed. Black moles here are deemed to be most inauspicious. Read more of this post

Filed under Tidbits, Tool Kit Tagged with Feng Shui, Lucky Face, postaday, Wang Fu, Wealthy Face

The Art of Giving

June 2, 2012 2 Comments

Giving is not the sole privilege of the well – to – do.Every body can enjoy the benefits of giving.A smile costs nothing in money terms but can easily make another person’s day better.We can give of our time,attention,knowledge,skills,goods,money , influence and prayers.

Matthewscottwallace's Blog

Originally posted at theamorist.com

“You have not lived today until you have done something for someone who can never repay you” ~ John Bunyan

Whether it is a handful of change or a lifetime of devotion, the act of selfless giving is the most important action one can take. At its core, giving is the ultimate form of spiritual practice.

For ages, religions and spiritual groups have honored the art of giving. In India, the word seva, or selfless service, is expanded by the phrase, “Manav seva Prabhu seva,” meaning service to mankind is service to God. By carrying out s eva, one is giving his or herself to the universe by offering time, money or prayer. In Christianity and Judaism, the concept of tithing, or an offering of 10 percent of one’s time or money represents spiritual giving. And in non-spiritual circles the common concept of donation represents…

View original post 511 more words