Thirteen years ago, when I graduated and started working, my dad had couple of suggestions. Papa ne kaha, “dekho beta, you have graduated and will be earning on your own”, he continued, “you have to develop your own thinking and your own future. We have mentored you enough, now you are on your own”. [At that point in time, I did not realize what he meant by this. Anyways] He also said, “meri sirf do baat yaad rakhna”. And following are those two words.
- You will earn a lot of money in your life. You will not be alone. Everybody does it. The important thing for you would be to figure how to keep it. Samajh rahe ho. Keep it, and not let it go waste.
- Never forget my generation’s government bonds. They are wealth builder.
As it always happens, I have never made an effort to follow my dad’s advice. But now when I look back, I realize that sub-consciously, I have followed both of his recommendations. Continue reading rest of this article…
By now, I am sure most of us would have finished taking stock of Year 2009. I am also sure that many of us would be happy with our portfolio performance with 25%+ returns in single year. Many of us don’t lose an opportunity to say I made such-n-such in 2009. On a personal note, I also discussed the results of my own portfolio and showed 115% increase in market value. It would be very easy for me to brag that I did much better than market, which was 72%. However, that’s not what this is about. I do not know about others, but when I put my 2009 portfolio performance in the context of my long term vision, in the context of overall objectives, in context of my journey to build wealth, then I know getting 100%+ returns is nothing special. Let me discuss what I mean.
Stock Market for 2010: What’s Your Prediction ?
As year 2009 is nearing completion, I have been reading new predictions and themes for year 2010. It is quite amusing to read what folks have to say. I always wonder do any of these forecasters follow their own advice. Could we take a peek at their portfolios? Here are few excerpts: Continue reading rest of this article…