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Shiva’s Home vs Kubera’s Kitchen


One day, Kubera paid a visit to Kailasa, the abode of Shiva, the hermit-god, where he met Shiva’s elephant-headed son, the corpulent Ganesha,the god of wisdom.

Kubera thought to himself, “Ganesha clearly loves food and Shiva can clearly not afford to feed him to his heart’s content.”

So as a favor to Shiva, Kubera offered to feed Ganesha one meal.

When Ganesha accepted the invitation and entered Kubera’s kitchen, Kubera said, “Eat to your heart’s content.”

Kubera soon regretted his words.

Ganesha’s appetite was insatiable. He ate everything that was in the kitchen and still asked for more. Food had to be bought from the larder and then from the market. But Ganesha was still hungry. “More please,” he said raising his trunk. Read more of this post

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Financial Planning And Investment Planning


Financial Planning is the process of meeting one’s life goals through the proper management of personal finances.

Sound financial planning involves 6 steps :

1.Establishing short, medium and long term life goals.

2.Tabulating assets and liabilities.

3. An evaluation of the current financial position to assess the distance to goal achievement.

4.Developing a plan that shows the way for achieving different goals

5.Implementing this  financial plan

6.Monitoring and reviewing this financial plan at least yearly and making adjustments when needed. Read more of this post

Taking A Personal Loan To Buy A Home


wealthymattersNow the general idea is that a body takes a home loan to purchase a house and a personal loan to defray marriage related expenses ,to take that vacation in Europe etc…..

Home loans are always secured loans. So the rate of interest generally tends to be much lower than almost any category of loan. And then of course for being such a good child ,the government gives you tax breaks too ! But there are cases where a personal loan is your best way forward to become a home-owner. Consider the following cases:

1.A place like Vasai-Virar might be one of the fastest growing regions in the MMR when it comes to lower priced homes that could also potentially make great capital investments. But start making enquiries and you will start finding out that a whole lot of properties are “Collector Passing” and that apart from the odd co-operative bank or the occasional patpedhi, no home loans to purchase such properties is possible from most lenders. Moreover, the interest rates of loans from these sources makes personal loans from major banks look attractive. Read more of this post

Fixed Deposits And Equities In The Barbell Strategy


wealthymatters

If the all the risk-reward stories of the portfolio theory mutualfundwale don’t grab you, here’s an alternative strategy for the independent investor : The Barbell Strategy.

Here’s what it involves :

Building a portfolio that recalls a barbell. That is : On one side, there’s a basket of extremely safe investments. On the other side, there’s a basket of extremely speculative plays. The weight is distributed between two extremes, with almost nothing in the middle. Read more of this post

Related Party Transactions


wealthymatters

Here are the details of this corporate-banker nexus outed by ICICI Bank and Videocon investor Arvind Gupta.

Gupta’s curiosity was aroused by a 10 per cent coincidence he noticed in ICICI’s loans to Videocon group companies and foreign fund inflows into husband Deepak Kochhar’s firm NuPower Renewables.

NuPower Renewables was originally founded as a 50-50 JV between the Dhoot family and the Kochhar and Advani families .Chanda Kochhar’s brother is Mahesh Advani. Read more of this post

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