Do you know how powerful compound interest is? Here are a few quotes that will help explain to you how powerful compound interest is. Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it. – Albert Einstein The strongest force in the universe [...]
Hello, guys its been a very long time since I have written here. I intend to write at least once a week. You can expect the articles every Sunday from now onwards. Let’s get back to the topic. So people find it difficult to digest and follow simple money advice. How many of you have [...]
A mutual fund is a type of professionally managed collective investment scheme that pools money from many investors to purchase securities. Oh, I almost forgot to ask “did you read my previous post on the best investment options available in India?” If not, I highly recommend you check that out first. Let’s continue…. These investors [...]
I did a google search “meaning of investment” and this is the meaning as per the Dictionary – “the action or process of investing money for profit.” The word profit is the key-word here. All investment process is done to make a profit. Investments carry a substantial amount of known and unknown risk and on [...]
Gathering information has never been so easy. I remember in my undergraduate days and also during my graduation time I used to gather information from books, annual reports, newspapers, magazines, and any other possible source which were mostly physical sources. Why? Because not everything was easily available online. Today we have anything and everything needed [...]
I have been reading and following several personal finance blogs since a while now and everything revolves around one thing – savings! Recently I heard this audio book – Richest Man in Babylon and it emphasis on savings as well. The author says the person who wishes and desires to be rich should save atleast [...]
This is the first article on the blog. And it happened to be on a bargain deal. I have been following Elcid investments since the time I have read an article on this company in ET. This stock currently trades at Rs 6 but is worth Rs 1 lakh! Your next question might be then [...]