postaday | wealthymatters

Charged Services

February 14, 2014 3 Comments

wealthymatters

My purpose in writing this blog is to compile useful information in one place,so that readers can help themselves.

Recently,I have noticed a spate of personal queries from people who don’t seem to have taken the trouble to read my posts,much less the previous queries or my replies to them or do a simple search using the search box at the top of the blog.I find that answering these personal queries takes up a good amount of my free time.So,I have decided to make some services charged.

Henceforth,to answer personal queries of an esoteric nature will cost readers Rs 100/$2 per query and property related queries will cost Rs 500/$10.Payments are to be made in advance to my paypal account keerthikasingaravel@yahoo.co.in

However,in case of genuine distress I am quite willing to overlook payments.Also,all currently pending queries will be done for free.

Filed under Tidbits Tagged with charged services, postaday

The Nizam Of Hyderabad Diamond Necklace

February 14, 2014 2 Comments

wealthymatters

The Duchess Of Cambridge is wearing the famous Nizam Of Hyderabad necklace

The Nizam of Hyderabad necklace was created by Cartier in the 1930s. It consists of a long chain of 38 diamonds (reduced from the original 46) with a diamond-encrusted snap. The centre of the necklace is pave-set with a detachable double-drop pendant of 13 emerald-cut diamonds and a pear-shaped drop.The original necklace consisted of eight double-drop and three triple-drop pendants. However, nine of the pendants (all eight double-drop and the larger of the triple-drop pendants) were later removed and sold separately.

The Nizam of Hyderabad was once the owner of one of the most celebrated and largest private jewellery collections in the world.When queen Elizabeth got married in 1947,the Nizam was not in London,but he left Cartier instructions that the she would personally choose her present.A demi-parure of a tiara and this necklace was the Queen’s own choice.

The Queen has worn the Nizam of Hyderabad necklace through her life, although more often in her youth. This is also one of her favourite necklaces to don when she is posing for portraits.

Filed under Tidbits Tagged with Cartier, Duchess Of Cambridge, Kate Middleton, postaday, The Nizam Of Hyderabad Diamond Necklace

Inflation Targeting

February 14, 2014 Leave a comment

wealthymatters When printing presses started making currency notes, there was trouble. It was too easy to be irresponsible, and print too much “fiat money”.Every currency needs a “nominal anchor”: something that pins fiat money down to reality. There are exactly three choices for this nominal anchor: gold, a foreign currency like the dollar, or the consumer price index (CPI) basket of goods.

The gold standard — where the US dollar was pegged to 35 ounces of gold — fell apart in 1973. Since then, the world has been looking for a new nominal anchor. Pegging to a foreign currency works well in some places, e.g., for Hong Kong. But pegging the Indian rupee to the US dollar is not a viable option, as this is tantamount to handing over the Indian monetary policy to the US Federal Reserve. This is inappropriate as the Indian business cycle is quite different from the US’. Read more of this post

Filed under Theory Tagged with consumer price index (CPI), external sector crises, fiat currency, forward guidance, Inflation Targeting, macroeconomic stability, nominal anchor, Paul Volcker, Pegging to a foreign currency, postaday, quantitative easing, quantitative easing (QE), The gold standard, US Federal Reserve

Thumb Rules For Cement Stocks

February 14, 2014 Leave a comment

wealthymatters

The growth in cement demand is usually 1.28 times the GDP growth rate in India.

ACCs average EBIDTA/tonne is Rs 727

Filed under Paper Assets Tagged with cement stocks, postaday

Looking For A Jobby Job

February 14, 2014 Leave a comment

wealthymatters This link takes you to available jobs in India.

If you have been reading my blog for a while you have probably come across the term the Cash Flow Quadrant,else just use the search box at the top of the blog to catch up.If you wish to become wealthy,it helps to have multiple incomes,especially business incomes,to fund investments that put out passive incomes.

The general idea is that our time,energy and attention spans are limited.So instead of working at a job to earn money,it is better to build little money making machines,ie sources of largely passive income,so that we can manage to make money and accumulate wealth without much daily effort.Hence my focus on entrepreneurship and investing in this blog.Even if you are employed full-time,do acquire a part-time business to increase your income and as insurance against the perils of job loss.

So if we are all to be entrepreneurs,ie self-employed or better still employers of other employees why this post on looking for a job? Read more of this post