The Farmer And The Calf – An Investment Story
November 28, 2011 3 Comments
Hello People ! I’m sorry I was gone for so long.I was having a pretty stressful time and blogging just wasn’t an option.
Today’s post is a nice allegory I found here: http://value-picks.blogspot.com/2011/11/farmer-and-calf-investment-story.html
‘This story is about a farmer who received a calf from a rich man. Hopeful that the calf will be able to help him have a better life, the farmer did his best to take care of it. But as the calf grew, so did the farmer’s expenses.One day, he said to himself, “I don’t want to wait anymore for this calf to become an ox. I’ll just sell it and buy several sheep which are easier and much cheaper to take care of.”And so he did just that.After several months, he realized that breeding sheep were not as easy as he thought. And so he said to himself, “It takes too long for these sheep to give birth. I better just sell them and buy myself several hens which can lay eggs for me everyday.”And so he did just that.The plan worked very well, he was earning good from selling all the eggs. Life improved for the farmer. But after several months, the hens started to lay less and less eggs until one day, the hens couldn’t produce anymore.The farmer was devastated. In his anger, he cooked all the hens and had himself a feast.Later that week, he remembered the single calf that started it all and realized that after all his hard work, nothing had changed in his life.”
A good warning for those of us who won’t take the pains to sit down and work out our goals and think through what we need by way of time,effort ,money etc for achieving them. Read more of this post
Gold bars require somewhat deeper pockets but they are pretty good value; so if you can afford to pay the entire amount at one go, typically, your local jeweller will offer the best deal.A local jeweller would have sold a 50-gram gold biscuit on January 2011 at Rs 1,03,150.Even here, take the trouble to walk the streets and ask around about prices.They vary by brand and from dealer to dealer. Negotiate.
India is the world’s biggest market for gold.
The gold and silver you buy passes through a complex system of wholesalers, stockists, bulk consumers, re-sellers, and retailers before it reaches your hand.Have you ever wanted to know what might be the prices the Big Boys pay to buy their bullion?After all such information may come in handy when bargaining for your small purchase.I find the wholesale price of bullion in Mumbai here:
When gold prices fell by more than 2,500 from 28,210 per 10 gm on 21 September to 25,685 on 29 September,people hailed the good news.But much to their disappointment,they found that it wasn’t as cheap as it was touted to be.While the yellow metal was trading at the 25,000 mark,most jewellers charged 27,500 per 10 gm,even 28,200 at some stores.When asked about the difference in the rates,jewellery store managers said that the rates quoted in the media were averaged out,so they were not applicable. 
wealthymatters 