Day: October 6, 2014
Difference between money and wealth
Singer Rihanna earns tens of millions of dollars, but found herself “effectively bankrupt” in 2009. She sued her financial adviser for not doing his job. He offered a legendary response: “Was it really necessary to tell her that if you spend money on things you will end up with the things and not the money?”
The first iron rule of money is that wealth is the stuff you don’t see. It’s the cars not purchased, the clothes not bought, the jewelry forgone. Money buys things, but wealth — assets such as cash, stocks, bonds, in the bank, unspent — buys freedom and security. Pick which one you want wisely.-from Fool
Losing weight and losing money
Linkfest:Oct 06,2014
Some stuff I am reading today morning:
Nothing grows forever,including the stock market (Bloomberg)
Iron rules of money (MotleyFool)
IPOs set to pick up pace in second half of FY2015 (FE)
Festivals should not be an excuse to invest in gold (Mint)
How we get conned with life insurance products (Subramoney)
Why you should ignore mutual fund star ratings (FreeFinCal)
How to read an annual report (Janav)
Bill Gross’s next act (Barrons)
You’ll never believe how low the price of oil can go (DailyReckoning)
Asset Class cycles and some thumb rules (WiseWealth)