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Sovereign Gold Bonds – I’ll Pass


wealthymattersThe first I heard of the Sovereign Gold Bonds was on Dhanteras day when my bank tried to get me to purchase some of them.At the time , I was on my way out shopping  and my first thought was: Do I really want to postpone my gold purchases for a year to earn an additional 275 rupees per Rs10,000/-?Yaar, I could haggle with the jeweller and easily get that much and more off my purchases. And then, I love wearing jewellery.Do I want to give up on that pleasure and experience, multiple times a year, for as little as 275 rupees? That too in the days when one simple restaurant meal, or a taxi ride might cost that much and more? The answer then was an easy “NO”.

Later, I was to learn worse about these bonds. They are priced higher than the price of physical gold on the street. So there goes any notional interest a person might have earned! Read more of this post

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The Best Areas To Make Money


Wealthymatters,comWhen you are next on the lookout for a new way to make money,fetch a paper and draw the Venn Diagram to the left.

Next introspect to fill up the various sets and subsets.

Talk to family,friends,colleagues and mentors,if possible, to fill in what you might have missed.

Then pick what looks like the most productive avenues to focus your effort on.

Rank them as per your preference and start on the first.

Persist till you have a sustainable break.

Continue to work in this line till you want to  try something new.

 

The Money Masters


I had trouble sleeping last night and so watched ‘The Money Masters’ on the internet.I found this documentary pretty biased.But that’s not to say that the narrator didn’t make some good points.

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Passive Income


wealthymatters.comOne of the most important takeaways I got from reading Kiyosaki was becoming aware of the fact that there were different types of incomes and that people in different quadrants of the cashflow quadrant earn different types of incomes.The trick then was to earn from as many quadrants as possible and to especially increase my passive sources of income to such an extent that I could live off them only.That would be the day I no longer had to work to keep myself but work because I wanted to.

Here is a list of passive incomes I have stored on my desktop to periodically remind me of the sort of incomes I should be focused on building. Read more of this post

Edward Zajac – 94 year old investor


This is a story I came across in the Economic Times.It seems to be a reprint from Bloomberg.I have this story pinned to my notice board just to remind me how Dumb Money can become Smart Money.Here is a person who seems to have made good money without trying to become an expert at investing.He has accepted his lack of expertise and found a way to benefit from the expertise of the “smart money”.His method involves just looking at some basic facts before putting his money in a company.The skills required are really basic.The rest of his magic merely seems to be a result of compounding due to his Time in the Market and the wisdom that comes from experience.To follow him we don’t need to understand financial statements or master technical analysis.

 Buy & hold strategy not dead yet for 94-year-old investor

wealthymatters.comNEW YORK: Stick with stocks, says investor Edward Zajac. He should know. The 94-year-old has been trading for 72 years and said he’s made about $2.5 million.

“I am a live, open-hearted investor,” said Zajac. “I’m willing to hold that stock 5, 10 years, if I have to.” Zajac, who lives with his daughter in Henderson, Nevada, bought his first stock, Petroleum & Resources, in 1937 while attending the University of Illinois. He’s invested full-time since 1968, after retiring from installing computer systems to travel the US in a recreational vehicle with his wife. Read more of this post

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