How George Soros Made Over A Billion Dollars On One Day
January 12, 2016 Leave a comment
Here’s the video to watch if you’d like to know how George Soros broke the Bank of England, and made over $1Billion in the process ,on 16 September,1997.
Investing Like An Indian Politician
January 2, 2016 3 Comments
The one thing career politicians in India know is that income often comes in fits and starts and there is a need to provide for necessities and expenses in the meantime.
Here’s what a lot of them will do.
1.FDs in the name of every family member not qualifying to fall in the tax-net. That way some regular income for necessary expenses is always generated.
2.Land: Invest in land in appreciating location.Agricultural land purchased on any national highway at distance of 15 to 25 kms from the city centre of big cities have tended to double in 2-3 years and so make excellent main appreciating assets .Take up agriculture yourself or let out the land to other farmers for rent .So your income will be tax free and the underlying asset will appreciate as well. Regularly sell land on appreciation and move away further to grow capital. Urban land too works but community activities on it are not tax free. Read more of this post
“I can’t pick the tops, but I can pick the bottoms.”
December 24, 2015 1 Comment
Jeff Sandefer was once my teacher in school.Since graduating from Harvard Business School in 1986, Sandefer has had many successful business ventures, amassing a personal fortune of hundreds of millions of dollars.
Here is the story of how this Texas oilman acquired 17 billion barrels of Australian shale oil reserves in a controversial deal that eventually generated roughly $150 million for his philanthropic organizations. Those nonprofit groups now play a major role in Sandefer’s efforts to change higher education in Texas.
Confidentiality agreements prohibit Sandefer from revealing details of the Australian play. He says he can’t even confirm the identity of his partners, the Ziff brothers of New York, even though their involvement is widely known.
Some in the Australian media have portrayed Sandefer’s 2003 investment in Southern Pacific Petroleum as a calculated ploy to force SPP into liquidation and hijack the company’s vast reserves and technology. Read more of this post
One Reaching For Eighteen
December 18, 2015 Leave a comment
Sometime this year, quite unremarked, wealthymatters served the one millionth reader! Pretty astonishing and quite beyond anything I could have imagined when I first started this blog.
These days, having met Jeff Bullas,I’ve a new stretch goal before me – 18 million readers.
Now if only I can find the focus to sit down and diligently do what Jeff does day and day out to achieve his numbers.
Such numbers might just turn wealthymatters from a successful blog to a formidable digital business.
Real Wealth Vs. Paper Valuations
May 31, 2015 Leave a comment
Sam is a painter. He has about $50000 in cash and no particular income source apart from small gigs here and there. He is very savvy in his expenses and doesn’t waste any of it, painting most of the time.
He shows his paintings to one of his friends, who happens to be a consultant. The friend on seeing a particular painting, stops and wanders in exclamation, “Dude, you should show this to art galleries, they would pay 100s of millions for this”.
Sam gets excited. He gets some more consultants to do the review for his painting and they too tell him that they can sell the painting easily for 50 million dollars. He pays the consultants $500 each in fee and they are off.
Sam is very happy. He is going to be a millionaire. He decides to celebrate. Spends 1000 dollars on dinner and wine. Next day, he meets a lot of people, “They say, yeah, this is a really wonderful painting. Congrats, you’ve come up with your masterpiece.” Read more of this post
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