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Angad, son of Bali and Sampati, Jatayu's brother who played a vital role in locating Ravana's coordinates In Lanka, Turning around Angaad's mission in life while getting back his wings #ramayana
Sacred Heart Church
Test
Test
Pearls of Financial Wisdom
1) Bonds are for storing wealth and equities are for creation of wealth.
2) In my opinion, the biggest asset one can have is zero debt.
3) The greatest discipline in personal finance is living below your means.
4) As Ben Carlson says, emotions cannot be back tested. That’s why past bear market always looks like opportunities and future ones scary.
5) Early financial independence and early retirement are completely different. To me, the former is a blessing and the latter is a curse.
6) Don’t think how it would have been if you’ve started 10 years ago. Start today and visualise how you would feel 10 years from now.
7) The neighbourhood we live determines our life style & spending. Need to be careful in choosing one which matches our goals and personality.
8) Paying minimum balance regularly on credit card is the maximum sign that you’re getting into debt trap.
9) Many are long term investors till next bear market.
10) Don’t take aggressive bets. Take measured risk. Remember one blunder can push you back by a decade or more in terms of wealth.
11) Big money can be made through high savings, wise investing and lots of patience.
12) One sign of progress in individual investor’s portfolio is no churn or very less churn.
13) Trying to get rich fast is a foolproof way to lose what we have.
14) Losing opportunities is far better than losing money. Don’t invest in fads.
15) ‘Making as much money as quickly as possible’ is not an investment strategy. Unfortunately for most of us that is the strategy.
16) Aggressive strategy cannot be a substitute for high savings. Save high and take moderate risk than saving less and taking high risk.
17) The day we realise not losing is as important as winning; we would stop blindly chasing returns.
18) Good periods are more than bad periods. By not timing, though we go through bad periods, do not miss even a single good period.
19) We’ll stop looking for quick money the moment we consider stocks as businesses and realise that our wealth grows in line with business growth.
20) There are periods of high returns, low returns, no returns and negative returns. We need to go through all these to get long term returns.
21) Listening to market forecasts is not only useless but can be very harmful too if you start acting on them.
22) The hard truth is only around 3% of our population are in a position to aspire for financial independence. Don’t waste this rare privilege.
Look around your room, Your next big multibagger investment could be around you.
Look around your room, Your next big multibagger investment could be around you. 
#investing via @safalniveshak
Look around your room, Your next big multibagger investment could be around you. 🖖 #investing via @safalniveshak pic.twitter.com/Tp8KtB3Ozm
— Satish 🇮🇳 (@bombaylives) August 24, 2017
Financial Lessons from Lord Ganesha
Financial Planning Simplified – Do this and you’re Sorted.
👉FIVE rules which an INVESTOR should follow?
Rule#1 Use Banks for financial transactions, short term cash management and credit management.
Rule #2 Use Insurance to cover the risks.
Rule #3 Use Gold to hedge your currency (i.e. Rupee).
Rule#4 Use Real Estate for consumption (Residence) or regular income (rent).
Rule#5 Use Capital market to create long term wealth.
Unfortunately, it happens otherwise.
People tend to use Banks and Insurances for investments,
Gold for consumption (Jewelleries ),
Real Estate for long term wealth creation and
Capital Markets for speculation and short term gain.
Needless to say, why they fail to create wealth.
Jerry Pinto’s Words of Advice – Simplified in Investing Hacks
I’ve simplified the prudent advice given by Jerry Pinto to all young people starting out on their careers by adding Investing Hacks to it.
1. Start investing, in small amounts. –
- SIP in Mutual Funds starts at Rs 500
2. Buy your own house. –
- Go for your 1st House – Home Loan rates are at 8.5%, Inflation is low, Rebates by Govt, Infra is picking up, EMI’s will fall further, Rental income is between 3-5%
3. Cut up that credit card. –
- You pay higher than Pathan Interest Rates, Credit Card Co’s charge between 38% to 42% Penal & Anal Interest Rates
4. Park your debit card at home. Use cash.
- I Disagree on this point, Use Wallets like Paytm, Freecharge.. Get points, offers etc, Maximize it.
5. Be punctual. Taxis take most of your cash. –
- Avoid Ola, Uber, Taxi’s during non peak hours or whenever possible. Average Ola Trip of 300-500 can buy you around 6-10 shares on IDFC Bank or 5 Shares of Ashok Leyland.
6. Take a dabba. Even if it’s a sandwich and a fruit. Restaurant mark-ups are 300 per cent.
- – Health & Term insurance premiums keep rising based on your Cholesterol & Sugar Levels, Home Food hasn’t troubled anyone.
7. Work hard. –
- Also let your Money Work Harder for you, Invest for Long Term
8. Show up. The more you’re seen, the more you’re remembered. When it comes to promotion time, no one should ask, “But who is she?”
- Do the Opposite while Investing, Stay humble, Stay Grounded.
9. Be positive. Smile. Spread good energy. No one likes a Sad Sack coworker.
- – Hang around with Happy & Lucky Investors & People smarter and better than you.
10. Remember, it’s not who you are. It’s what you do.
- Start Small,Go Big or Go home.
India is the best place to stay invested, We are in the middle of a long term secular growth story. Be a proud participant in the India Story.
You can reach me at @bombaylives or email me Satish@bombaylives.com
🖖
12 key moments from Berkshire Hathaway’s annual shareholders meeting
12 key moments from Berkshire Hathaway’s annual shareholders meeting
Each year at Berkshire Hathaway’s shareholder meeting, CEO Warren Buffett and vice chairman Charlie Munger sit down for 8 hours in front of 40,000 live spectators — and many more online — and wax philosophical on all topics imaginable.
Here are some of the highlights:
Buffett: Self-driving cars and trucks would certainly hurt our business
Self-driving cars and trucks may be years off, but when they come, they will hurt Berkshire Hathaway, according to Buffett. “Autonomous vehicles, widespread, would hurt us if they spread to trucks and they’d hurt our auto-insurance business,” Buffett said.
The one thing Warren Buffett would like of Berkshire’s next CEO
Warren Buffett plans to run Berkshire until he’s “buried in the ground.” The question of his successor has come up in recent years as he has gotten older. On the subject, Buffett says there’s one thing that he would like to see from his replacement, and that’s a willingness to accept modest compensation. Ideally, that person would be already very rich.
Buffett: Wells Fargo made a mistake that dwarfs all others
Warren Buffett spoke about Wells Fargo and its 2016 scandal, in which up to 2 million credit card and bank accounts were created without customers’ permission. “At Wells Fargo, there were three very significant mistakes, but there was one that dwarfs all the others,” said Buffett. “At some point if there’s major problem, the CEO gets wind of it. And the CEO has to act.”
Munger: ‘We failed you’ by not investing in Google and Wal-Mart early
Berkshire Hathaway has historically shied away from investing in technology stocks, though it has invested in IBM and Apple.
Berkshire’s vice chairman Charlie Munger added that they avoided tech stocks in the past because they felt they had “no advantage where other people did.” He added that he thought they were “probably smart enough” to figure out Google, though.
‘That $9.5 billion is real’: Buffett explains how a Trump tax cut would help Berkshire
President Donald Trump’s plan to cut corporate tax rates to 15% would almost certainly be a boost to Warren Buffett and Berkshire Hathaway. “The deferred taxes that are applicable to unrealized gains on securities would all be applicable to us,” Buffett said. “We have $90 or $95 billion in gains, and our owners, dollar for dollar, will participate in that … If the rate were to drop 10%, that $9.5 billion is real.” Buffett added that the impact of lower corporate taxes, however, would be uneven across its holdings.
Charlie Munger: I think the Chinese stock market is cheaper than the American stock market
Charlie Munger thinks stock market investors might find better investment opportunities overseas right now. Munger said, “I do think the Chinese stock market is cheaper than the American stock market. And I do think China has a bright future. There will be growing pains of course.”
Buffett: The stock market’s casino-like characteristic can be agonizing for investors
A value investor from China asked how to spread the value investing philosophy in a market system where so many are speculating. “There’s always some speculations, always some value investors in the market,” Buffett said. The problem arises when people start to see others benefitting from playing the market.
Buffett: Hedge fund-style compensation in any other field would ‘blow your mind’
In typical fashion, Warren Buffett railed against the hedge fund industry and its notorious fees. “In all the professions, there is value added by the professionals, as a group, compared to doing it yourself. In the investment world, that isn’t true,” Buffett said. He added that the active managers cannot do better than the aggregate of “the people who just sit tight.”
Jack Bogle envisions ‘chaos, catastrophe’ in markets if everyone were to index
The godfather of index investing knows there is a limit to the strategy’s usefulness. “If everybody indexed, the only word you could use is chaos, catastrophe,” said Jack Bogle, founder of Vanguard. “There would be no trading. There would be no way to turn a stream of income into a pile of capital or a pile of capital into a stream of income.”
Warren Buffett: AI is good for society but ‘enormously disruptive’
Artificial intelligence will kill some jobs, but on the whole, help improve society. That’s essentially the insight Warren Buffett had to offer on the subject. “I would certainly think they [artificial intelligence developments] would result in significantly less employment in certain areas, but that’s good for society,” Buffett said. “It may not be good for a given business.”
Buffett: ‘Medical costs are the tapeworm of American economic competitiveness’
Warren Buffett said that rising health care costs, not the tax system, is the number one problem that American businesses face. “If you go back to 1960, or thereabouts, corporate taxes were about 4% of GDP, I mean they bounced around some. And now, they’re about 2% of GDP,” Buffett said. “At that time, health care was 5% of GDP, and now it’s about 17% of GDP.” In Buffett’s view, this says a lot of what’s playing a bigger role in hindering business activity in the economy.
WARREN BUFFETT: In America, ‘nobody should be roadkill’
Over the last several decades in America, our economic prosperity has not been shared equally, and the impacts of globalization have taken a large portion of the blame. Asked about this trend, Warren Buffett said that in America, “Nobody should be roadkill.” He added, “You’ve got an enormously prosperous country. You’ve got $60,000 in GDP per capita. So we’ve got prosperity, and that prosperity is enhanced by trade.”