For Whom Wealth Matters
February 15, 2013 Leave a comment
Freezing bank accounts is something some State authorities can do in serious cases.However,banks more often use the threat of freezing accounts to strong arm customers. Here are the ins and outs of freezing accounts.
February 15, 2013 2 Comments
Nirav Modi’s Golconda necklace and coloured diamond ear pendants that was auctioned by Christie’s for 16 Crores
1)Where you get your diamonds certified is a big a deal as most labs have varying standards. The Gemological Institute of America (GIA), with its stringent standards is recommended by NiravModi.
2) Diamonds are an excellent way to store wealth. They don’t leave a messy paper trail, and government permissions aren’t so stringent. Also, according to Nirav, diamonds that weigh 3-carats and more appreciate very well. Prices will double every 10 years.This has been noticed over an 80-90 year period.
3) Given the current dismal economic climate, investing in diamonds, especially coloured diamonds like pink diamonds, might be a good idea. These precious stones have been consistently out-performing gold, silver and shares in the recent past.
4) The blue Tanzanite stone, found only in Tanzania, is a great alternative to the ‘cursed’ sapphire.
5) Basra pearls are no longer available because of the situation in Iraq. So any Basra pearl necklace should immediately becomes a rare heirloom and treated with care.
February 13, 2013 Leave a comment
So how does your portfolio compare to the Indian average?
Follow the wisdom of the crowd when it helps,but don’t ignore the out of favour assets.Seize the bargains.
February 13, 2013 Leave a comment
Small wonder that gold prices shot up and gold  investment became popular between 2008-2011,huh?Ditto for real estate.
February 13, 2013 4 Comments
Financial liabilities of Indian households have gone up sharply from Rs 31,779 crore in FY01 to Rs 2.74 lakh crore in FY12. The decade saw two major trends leading to a sharp rise in consumption expenditure. Home loans have now become popular with no stigma attached any more.The age bar of people opting for home loans has come down from those in mid forties to early thirties.Moreover, the very young have got addicted to credit card spending, leaving them with very little to save. Read more of this post
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