Akshaya Tritiya Facts
April 21, 2012 2 Comments
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
This Is How Business Is Done
April 7, 2012 Leave a comment
Let me share a joke a friend of mine sent me.There is a great deal of truth in it.Have a hearty laugh! Read more of this post
Historic FD Interest Rates
April 5, 2012 9 Comments
In case you ever wonder how much higher or lower FD rates are likely to go here is a table showing historical rates.Personally I consider 8%pa as a sort of cut off point and have an aversion for FDs of any length when rates are below 9%.So I try to book them for longer tenures when rates are higher and ride out the lean periods.When FDs are lean pickings the PPF is likely to be a better bet. Read more of this post
wealthymatters 