wealthymatters

Pre-Sales And Soft Launches

March 18, 2014 2 Comments

Pre-sales and soft launches are now a common practice in the real estate industry in The MMR. Builders go for pre-sales to get immediate funds. In case of pre-sales, buyers or investors make a down payment, which could be just 20% to almost half the cost of the flat, in return for a discounted price offered by the developer.In some cases,by getting people to book flats by paying just 10% to 20% before the first brick is laid, developers have manage to sell 200 to 300 flats even before the project is publicly announced.

Many builders go for pre-sales the moment they buy the land and mortgage it to the bank. The BMC now charges builders who want to avail of extra construction rights, called fungible FSI, and transfer of development rights, a premium. Builders require funds to pay this premium.Hence they start selling units even before a project begins. The approvals can take over a year after pre-sales.

However many unscrupulous builders have gone for pre-sales when even land titles are not clear.The problem is rampant in Thane district. Read more of this post

Filed under Alternative Assets, Tool Kit Tagged with approvals, commencement certificate, down payment, fungible FSI, intimation of disapproval (IOD), Maharashtra Ownership of Flats Act, postaday, pre sales, premium, project launch, real estate investment, sale agreement, soft-launches, transfer of development rights

Mutual Need-Why Alphas Marry Betas

March 18, 2014 Leave a comment

wealthymatters

A scenario that often gets people’s goat is when Alphas pick Betas in the mating game.The explanation is to be found in this internet exchange:-

I Don’t Love My Fiancé Anymore, But I Need His Money, So I’m Going To Marry Him Anyway

I think about what my mother would say if she knew, and I cringe. She is a strong feminist — raised in the second wave, where things were loud and new and revolutionary — and she taught me to be the same. I love and embrace my womanhood, and I would embrace my independence along with it, if that were an option. But as of now, it is not, and I could never tell her. I couldn’t watch the way her face fell as she realized that her daughter has fallen into exactly the traps and the lifestyle that she worked so tirelessly to eradicate. She fought to live her own life on her own terms, and I am choosing the comfort and security of living someone else’s.

My fiancé is a good man, much better than I deserve. He is smart, and kind, and extremely generous — with his money, yes, but also with his time and his emotions. He is the friend who would pick you up from the middle of nowhere at three in the morning if your car ran out of gas. He would lend you whatever you needed without asking uncomfortable questions. He believes in the good in people, and life has always rewarded him for it. Until, I guess, life matched him up with me. Read more of this post

Filed under Theory Tagged with mating game, postaday, the economics of marriage, why alpha men marry beta women

Conclusion

March 16, 2014 Leave a comment

Filed under Theory Tagged with postaday, Tennyson quote

CamMi Pham On Marriage

March 16, 2014 2 Comments

wealthymatters

Here is an interesting piece I came across today.Its definitely worth thinking over.

Smart Women Marry Money…with Conditions

Marriage is one of the biggest investment in your life. You will invest your time into someone. Unlike money, you cannot earn back the time you lose. Smart women know that they need to invest their lives wisely.

5 Reasons Why I Will Marry Money

1. There is nothing wrong about that

I grew up as an élite in Vietnam. My father is a financial and real estate investor. Anyone he introduces to me would be in the same industry and most likely they all have money…a lot of money. Why would I marry someone without money when I can marry one with money? It’s just as easy to fall in love with a rich man as a poor one. When two people come from the same background, it is so much easier for them to relate to the other. There are many amazing men out there but it is easier to find someone who is in my circles already.

It is ok for men to marry pretty women, but people always judge when women marry wealthy men. Why don’t they think she marries into wealth because she deserves it? Marriage is a business. If both parties are happy, there should not be a problem. Some marriage will last, some won’t. Smart women control their lives, they don’t let other people do it. They do what is the best for them, and a lot of time marry money is one of them.

2.The type of men that I love would always be wealthy.

I am used to be around super successful and powerful men.I don’t feel safe around men without a brain and clear vision. I know really well how the roller coaster of life looks like. I am not ready to share my life with someone who I don’t feel secure with. All my life I expect to marry an ambitious intelligent man who is willing to take risk because I feel safe around them. In life usually those men are very successful. Success goes together with wealth and power. Is it wrong to marry a person I love? I don’t think so.

Smart women usually want to share their lives with smart men. Smart men dream big and take big action. They always fight to get what they want. At the end they usually get rewarded with a successful career. Read more of this post

Filed under Theory, Tool Kit

An Introduction To Financial Statements

March 16, 2014 1 Comment

Financial statements are among the most important sections of a company’s annual report. For a novice investor, reading and understanding a company’s financial statements is quite intimidating at first sight. However, to study and make good investing decisions, it is necessary to understand them.

Profit & Loss account: The profit and loss account (P&L) shows a company’s performance over a specific time frame, usually a financial year or a period of 12 months. In India, most companies follow a April to March financial year . The P&L account is also known as the income statement. It presents information relating to a company’s revenues, manufacturing costs, sales and general expenses, interest and depreciation charges, tax costs, other income, net profits, and dividends.

For a typical P&L statement refer to the image below: