Theory | wealthymatters

Letting lt All Sink In

December 18, 2015 Leave a comment

wealthymatters 4Nov,2015

I always find it worthwhile talking to entrepreneurs who have been there, done that. I learn most of what I find truly worthwhile that way.

And when the entrepreneur is Bruce Dickinson of the Iron Maiden, I’ve found its really quite something!

Initially, I was inclined to downgrade any interaction with Bruce. After all what could I really have in common with the lead vocalist of a band I’ve never bothered to even listen to before? And anyways I’m not fan material .I like certain performances of a few musicians/bands here and there and that’s it. I have them stored in my i-pod/phone/you-tube account. These pieces touch me and I listen to them over and over again.

But boy was I wrong! Read more of this post

Filed under Entrepreneurship, Theory Tagged with Aviation, Bruce Dickinson, co-branding, Iron Maiden, merchandising, postaday

Work-Life Balance

December 18, 2015 Leave a comment

wealthymatters

Put yourself and your needs first. This is especially relevant for women, for society trains and expects us to put a lot of things ahead of our own needs. Don’t worry about being selfish. The stark truth is that, if you are not in top condition(physically, mentally and emotionally), you are not going to be able to work well and/or look after anyone else’s needs very well, for any length of time.

My way is to start with point 4 first. Don’t allow anyone to determine what your rightful needs are. You have a right to determine your own. Then go to step one and prioritize your needs. That way you can always be sure that what is important to you is not pushed aside by what someone else determines is important or urgent or that you yourself don’t get so caught up in something that is not so important, that you fail to give your time and attention to doing something that you find adds meaning and happiness to your life.

Then turn to point 3.Learn to politely and firmly excuse yourself, decline and say the words ‘no’, ‘enough’, ‘this much and no more’, ‘later’, ‘please wait’ etc. Teach yourself to be assertive and learn to deal with the negative reactions that come with your establishing your boundaries. Understand at an organic level, that making everyone happy all the time is not essential or even possible. The only way to happiness is striking a balance between what makes you and the people round you happy. Read more of this post

Filed under Theory Tagged with postaday, work-life balance

Clues In Currency Exchange Rates

December 18, 2015 Leave a comment

wealthymatters For a lot of investors who delve into the forex market, one of the most appealing factors is simplicity. In most cases, you can start out in forex through opening a mini account with your broker, allowing you to trade smaller amounts and thus risk less as you get familiar with the market. Additionally, following currency exchange rates can be a slightly less stressful process than dealing in stocks because in some ways exchange rates tend to be less volatile.

But to deal successfully in forex, it’s necessary to learn the different hints and clues to watch for in measuring exchange rate trends. Along those lines, here are some things to keep in mind. Read more of this post

Filed under Paper Assets, Theory, Tool Kit Tagged with currency, currency exchange rate, currency pairs, devaluation, exchange rate trends, forex, forex market, geo-political events, government borrowing, government debt, Inflation, interest rates, postaday

#Respect

December 12, 2015 Leave a comment

wealthymatters In a room full of brokers, money movers, money managers and money handlers, there’s quite a lot of people interested in making more and more money faster and faster.

Somewhere along the way, in the midst of grand visions, its easy to forget one’s fiduciary responsibility or in the face of conflicting fiduciary responsibilities, forget the weakest to whom we have a responsibility.

Yesterday at #KotakMidCapMeet15 ,there were people actively selling the government’s line. There were even people actively attempting to silence pertinent questions and steer the debate in typical #Bhakt style.

Perhaps people were speaking their honest convictions. Perhaps pushing or at least being seen to toe the government line was best for their businesses and themselves. Perhaps they even believed that they were doing their patriotic duty and advancing the interest of the “common man”.

These days if you’re not gushing about the Indian economy and its grand future, you are bound to be called selfish, anti-national, dishonest etc. There is no acknowledgement that we as humans can’t always be right, and that sometimes some things are too precious to gamble with. Hence my beef with grand visions based on credit creation. The whole world can’t be controlled by executive orders. When things go wrong,future generations will pay the price. I find it hard to back ventures and teams without this self-realization. Read more of this post

Filed under Theory Tagged with fiduciary responsibiliy, honest, Kenneth Andrade, postaday

It’s Glorious To Be Rich

October 18, 2015 Leave a comment

wealthymatters The richest 1% of Indians own 53% of the country’s wealth, according to the latest data on global wealth from Credit Suisse. The richest 5% own 68.6% of the country’s wealth, while the top 10% have 76.3%.

India’s richest 1% owned just 36.8% of the country’s wealth in 2000, while the share of the top 10% was 65.9%. Since then the richest have managed to steadily increase their share of the pie, as the chart shows. This happened during the years of the National Democratic Alliance (NDA) government from 2000-04, during the first United Progressive Alliance (UPA) government backed by the Left, during the second UPA tenure and now in the first year of the Modi government; the share of the top 1% has now crossed 50%. The colour of the government has been no impediment to the steady rise in the riches of the wealthy. Read more of this post