The Most Expensive Real Estate In The World
May 24, 2012 4 Comments
Monaco – $5,408 PSF Read more of this post
The Dam Analogy
May 21, 2012 Leave a comment
A river and a dam across it is a nice way of visualizing one’s finances.A source of income is like a river.To save a bit of it is like building a dam across the income stream.
In real life dams are used to impound water in times of plenty so that it can be used when water is scarce.Deducting money from a salary cheque to fund one’s pension or investing regularly in a mutual fund via a SIP , is like holding back water in the time of plenty to use when water is scarce.If a person comes by a windfall,say, by selling a business/ winning a lottery/receiving an inheritance etc. and saves/invests the money safely,it is akin to storing rainwater from a freak shower for use later. Read more of this post
Are You Rich?
April 19, 2012 Leave a comment
There are many levels of riches and wealth.Wealth is good and wealthier is better but wealth without happiness and contentment is nothing great.If ever you feel less than fortunate materially,here is a list you can read to feel better immediately.
Got $2200? In this world, you’re wealthy. Assets (not cash) of $2200 per adult place a person in the top 50% of the world’s wealthiest.
If you made $1500 last year, you’re in the top 20% of the world’s income earners.
If you have sufficient food, decent clothes, live in a house or apartment, and have a reasonably reliable means of transportation, you are among the top 15% of the world ’s wealthy.
Have $61,000 in assets? You’re among the richest 10% of the adults in the world.
If you earn $25,000 or more annually, you are in the top 10% of the world’s income-earners. Read more of this post
The Wisdom Of Our Ancestors
April 7, 2012 3 Comments
Here is an excerpt from an interesting from the interesting article here:http://tsr.net.co/2011/07/sone-ki-chidiya-india/911
India is one of the largest importers of gold in the world. As per World Gold Council, a total of 158,000 tonnes of gold have been mined till date. Out of this Indians’ private holdings is considered to be the highest at 15,000 tonnes. American citizens’ holdings is a mere 4000 tonnes.
The estimates of private holdings with Indian citizens vary from 15,000 tonnes to 25,000 tonnes. Even accepting the lower estimate of 15,000 tonnes at current prices of approx US $ 1500 per ounce, the valuation of the Indian private holdings is equal to US $ 725 billion.
India’s GDP is around 1.5 Trillion US $. If our economy has a growth rate of 8 %, the GDP increases by US $ 120 billion. In the last one year, gold has appreciated from approx 1250 $ per ounce to 1500 $, an appreciation of over 20 %. In view of the rupee getting stronger against US $, the appreciation in rupee terms is lower at about 15%. If the above rate is applied to the Indian household holdings of gold, the value of Indians gold holdings has gone up in the last one year by about US $ 90 billion. Read more of this post
The Mark Mobius View
January 15, 2012 Leave a comment
Mark Mobius: Debt crisis will help emerging markets
Dr Mark Mobius, executive director, Templeton Emerging Markets Group, tells Pravin Palande and Shishir Prasad that he is optimistic about India and in many cases, a weak rupee may actually benefit some companies in the country.
Dr Mark Mobius
Profile: Executive director, Templeton Emerging Markets Group
Career high point: Consistently voted as one of the most influential investment managers in the world
Last vacation: Doesn’t take any.
Known for: Travelling a lot; comic book based on his life
The idea of a single currency (euro) for differing political units seems to be in trouble. What does it mean for global currency markets? Read more of this post
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