Month: June 2014

How to build additional sources of Income

Updated – 16.04.2015

What is diversity of your income sources ?

A typical salaried employee’s graph would look like below

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Highly concentrated with income from salary. If you are able to increase your salary 20% year after year, don’t read any further you have cracked the code, see you later. If not continue reading

Cicra 2010

Still in college, one of our most revered professor, seeded the idea of diversifying our income sources. He stated

Diversity will not only provide extra stability and improve your life style it will also enable keep the inquisitor in us alive beyond your college days.

I decided I would aspire to have at least 2% of my income incrementally from sources other than salary after first two years at job till my 7th year. Hence reaching a healthy ratio of 90-10

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Circa 2012

I was amazed by the concept, however was not sure how can we add additional income, given that most of jobs demand at least 60 hours a week or more. Spending additional time looking for a weekend job was not a viable option. I had to rely on other means. My chosen areas of bring diversity to … Read the rest

Challenge your thoughts

Invest differently, challenge your thoughts

Weekly digest – Invest differently, challenge your thoughts

Today’s first article talks about investing beyond stock markets, there are usual suspects like real estate, art and bullion. However what you will find interesting is that people invest in wine, peer to peer lending. To top it off the last option talks about investing in yourself

Something that I try to remind my clients is that they are their own best assets. You can always do something to improve your skills, your efficiency, your education, your time management, or your prestige within your field.

read the all “9 Ways to Invest without putting money into the Stock Market” here

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Drake Baer answers , “What can we do today to help out our future selves in 2019?”

Good habits go a long way to improve our well being. Drake has put forward very easy to pick up habits like Learning to work with shame and doubt , recoding every activity with a date among others. See how many of them you can pick here

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Weekly Digest

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Be Smarter

Starting this weekend, We will put up a weekly digest that comes out on Saturdays which is full of interesting reads from all over the world covering value investing, productivity, economics and marketing. Hope you enjoy and contribute to this initiative.

First up is 19 websites that will make you smarter, Maggie Zhang from Business insider provides the list of websites that will make you smarter in your everyday life, While the list has some of my perennial favorites like Luminosity and TED, I was mightily impressed with likes of power searching with google, loads of tricks and tips  to search better. Go check out the whole list here

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Resume creation is one of most important and tedious tasks while hunting jobs right? Nancy Young in Honkiat.com is presenting 10 online tools to create impressive resumes, here you have options to create your resume from LinkedIn, create an info graphic of your resume or even build resume from many written ready made examples. Thanks to Nancy your resume writing will become less tedious, check out all 10 tools here

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The secret to creative thinking, intelligence and scientific intelligence is revealed this week by one of my favorite … Read the rest

Learn top down Investing

Top down investing is one of the methods used by investors to identify opportunities. What is top down analysis – read this investopedia link to familiarize yourselves with this approach , In short the diagram below depicts the approach

Top Down investing

Putting top down analysis in practice –  Download this excel , it has all active securities that currently trade on BSE. Now lets see how to use this sheet to do top down analysis

Step 1 – Identify the economy which is growing fast – In this case we stick to India as we intend to invest in Indian stock markets

Step 2 – Identify sectors that are growing fast in economy, now this is little tricky, We have to be aware what is happening around us,  you need to read articles like this and reports like this to know what sectors / industries are doing well

Step 3 – Once you have identified sectors, pick sector whose business is easy for you understand and one which you can explain to a school boy.

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How to select stocks like Peter Lynch ?

Peter Lynch  deserves a place in the hall of fame with his average returns of 25+% per year during his 13 years tenure at Fidelity Magellan Fund.  In one phrase his investment style can be summed as “buy what you know” Although it is very difficult to quantify his philosophy as a rule of thumb, however after reading his classic best selling book ” One up on wall street”  reader do get an insight into his stock selection method. Putting together 5 key tenets below

1. High growth – Earnings drive prices, companies growing fast have to be bought to make inflation beating long term returns on invested capital. Lynch always liked high growth companies however he was wary of very high growth companies as their could be earnings manipulation, he avoided companies growing at 40%+

2.  Price earnings growth – The price/earnings to growth (PEG) ratio is used to determine a stock’s value while taking the company’s earnings growth into account, and is considered to provide a more complete picture than the P/E ratio. Lynch considered stocks quoting at PEG < 1 as attractive, they fitted well in his theory of growth available at reasonable prices (GARP)

3. Low … Read the rest

5 things I like about moneycontrol portfolio manager

Moneycontrol is one of my favorite personal finance website, it has greats tools to analyze stocks, however in this post I want to discuss one of the most important features of website – moneycontrol portfolio manager.

Here are five things that I use moneycontrol portfolio manager for

1. First and foremost ability to create a watch list – As an investor you will keep getting ideas here and here, the best way to store them is to add it to your watch list.

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2.  Keeping a tab on the Management view of my investments – As a practice, I like to read what management of the company has to say about it’s present or future. Portfolio manager is a great place to read about all your investments at one place.

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3. Brokerage recommendations – Although broker recommendations have to be taken with a pinch of salt, I like this section as many a times you will find one brokerage recommending to buy while other recommending to sell, you get diversity of opinion and kicks in tangential thought process. This also helps you to cross check your hypothesis on investments

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