Gulika , Rahu Kaalam , Yamagandam & Shoolam


wealthymatters.comA bit of good luck never hurt any body.Or is it the belief that we are going to encounter good luck that keeps us in a winning frame of mind?In any case. here are some Hindu beliefs to increase one’s success:

Traditional wisdom informs us that activities done at certain times of the day give good or bad results due to overriding universal influences. There are energies working to move time and events and by following some rules for navigating these energy-significant periods of times we can maximize positive end-results in daily activities while avoiding the negative ones. Read more of this post

Wealth Pyramid


wealthymattersNo great fortune was built in a day.Slaving away, saving and putting money away might make you a nice nest egg after a while and over a few lifetimes a family might even get to be pretty well off.But when it comes to a fortune of any considerable size, in addition to sustained hard work and probably talent there is some effect of fortuitous circumstances . Often fortunes are made in just one business or one through one right call on some speculation.However there are too many ways to lose a fortune either through greed, overconfidence, a failure to admit a lack of understanding,a change in circumstances etc.So no matter the size of one’s wealth or the precise nature of its origin it is important to have a wealth pyramid in place.The general idea is to ensure the safety of the largest amount of one’s wealth. Read more of this post

RBI and its Repo Rates


wealthymattersEvery time the RBI announces an interest rate change do you start wondering how it will affect the prices of your shares,how much you can get on your fixed deposits,whether it is a good time to buy bonds or bond funds,how much your EMIs will cost etc.?Then reading the following article from today’s ET is a must.It is written by Madan Sabnavis, chief economist of CARE Ratings.

Lag Effect of Rate Rise Worries Apex Bank 

Every time the Reserve Bank of India (RBI) increases interest rates, a plethora of voices are heard. Industry laments that their profits get squeezed affecting growth. Bankers aver that their interest margins come under pressure and non-performing assets (NPAs) get Read more of this post

Gold Price Sources.


wealthymatters.comThe new national pastime seems to be watching the gold price avidly.My dad catches up on it in the newspapers and my mom insists on watching it on TV and giving me periodic updates. Never mind that there is so much delay in the prices relayed to make things pretty confusing.

If you must follow the gold prices, these are the best places to do so:

The COMEX prices are shown live on the chart at the top left hand side of the page here: http://www.goldprice.org/spot-gold.html

This link will show the MCX spot prices  http://www.mcxindia.com/sitepages/spotMarketPrice.aspx

And to get a sense of which way gold dealers think the prices will go,use this link: http://www.mcxindia.com/sitepages/RealTimeData.aspx  Read more of this post

Today’s Lessons


wealthymatters.comIn 2008 gold was treated like any other high risk asset when the collapse of Lehman Brothers sparked heavy selling across financial markets in a widely-documented “dash for cash” — after which it bounced back hard to record highs. In Q1 2009, the gold price recovered long before other assets hit bottom.History would suggest that while gold has taken a beating, it is far from down and out.Monday’s tumble to around $1,535 an ounce dragged prices 20 percent below the record $1,920 reached last Thursday. But since its rise from just over $250 in early 2001, gold has bounced back from bigger drops, having fallen 25 percent between May and June 2006, and 27 percent in October 2008.General financial market Read more of this post