Dame Stephanie Shirley


wealthymattersDame Stephanie, or Steve as those closest to her call her, is the creator of the multibillion-pound IT software consultancy,the F1 Group, from which she made her £150-million fortune.

Dame Stephanie,was born Vera Buchtal to a gentile mother and German Jewish judge in Dortmund, Germany . Her family fled to Vienna only weeks before the outbreak of the Second World War and her parents put her and her nine-year old sister on one of the Kindertransport trains taking 1,000 refugee children across Europe to London to escape the Nazis.

“I remember arriving at Liverpool Street station; it was July but it was dull and grey . There were big bags of straw all around and the air was sickly with the smell of unwashed children. We had no idea what to expect. We were tired, hungry and traumatised,“ she says.

What she found, however, was a wonderful childless family who fostered her and her sister in the West Midlands where she lived until she was 18, even though both her parents survived the war. Later she took Brook ­ from her love of the poet Rupert Brooke ­as her naturalised name. Read more of this post

India’s Richest Pin Codes


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Good Ole Debt!


wealthymattersThese days,equity investors are laughing their way to the bank because Sensex has generated 44% returns during the past one year. While the benchmark index has generated this return, there are several stocks that have risen by more than 100% during the same period.So, it’s natural for investors to get carried away when Dalal Street is on a roll, and the Sensex is making a habit of hitting record highs almost every other day. Suddenly, retail investors are flocking back to the market if inflows into equity schemes and the number of demat accounts opened recently are any indication.But here lies the catch: retail investors who are entering the ring now may not get the kind of returns from equities as seen in the recent past.

In some instances, it also doesn’t make much sense being a long-term investor in equities. A look at the Sensex returns chart in the past 20 years could be a bit disappointing even for a hard-core investor. The Sensex closed at 4,588 in August 1994 and despite being at a lifetime high of 26,420 now, it has only generated a mediocre annualised return of 9.15% during this 20-year holding period. Several debt products, like the Public Provident Fund (PPF), have generated better annualised returns of 10.46% in this period. Read more of this post

Be Careful Of Buying Diamonds


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In the past few months, the diamond bourse in Mumbai and several dealers of the stone have installed a small, black machine in their offices. The little device, which can be mistaken for a laser printer linked to a computer, is one that separates the natural rough diamonds from the much cheaper synthetic stones.

The timing is interesting and unmistakable. At the time, the Winsome group, India’s largest bank defaulter (with loan outstanding bigger than Kingfisher’s),emerged as the world’s largest maker of synthetic diamonds. While in India, banks have directed forensic audit on Winsome and government agencies are probing the money trail following the Rs 6,500 crore credit default, Winsome has consolidated its position as a leading player in man-made diamonds by operating from its bases in Singapore, Malaysia and the US. Read more of this post

Butterfly Trek Madone


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