Money printing by Fed or RBI will not make you wealthy

Posted On Aug 15, 2020 By admin With Comments Off

Hard and concentrated disciplined handiwork and consistent improvement in your knowledge and skills will give you a better chance to be rich, says the author of Gloom, Boom& Doom report. Where are agri merchandises headed because slowly we are seeing sugar, cocoa and tea prices inching up. Do you insure a meaningful trade there? They are highly depressed and they are unable to rally , not just a little bit but significantly from these low places. But I want to really urge that for individual investors, investing in stocks is very difficult because he has to get the timing right and if he does not get the timing privilege, it will be a costly employ until the merchandise actually moves in one or the other direction. So it is not an easy game but I would say that if I were a wealthy man and I is definitely not wealthy, I would buy some agricultural land for no other rationale although I believe we are in a altering culture. Over the last 200 times, we had urbanisation. People moved from the countryside to the cities and then suburbs and then every morning they would make the metro or the bus or the car or the bicycle and expend an hour or two hours going to work and operating and consuming time in gratifies and then drive back home for 2 hours to an irritable spouse because you are late. Anyway , now this is going to change as a result of a modern communications technologies including Skype and Zoom. Now, I can work from my home and I do not need to go to an office. Why would I go to an office every day, I can go to an office every two weeks or once a week or once a month for some confronts and the rest I can do online. Now that the Covid pandemic is here, that is an inducement for beings to live in the countryside and not in congested sits. A parcel of real estate in secondary locations and not in the centre of Mumbai. The centre of Mumbai is not going to be particularly attractive but on the outskirts maybe one, two hours from Mumbai, there will be satellite municipals where you can acquire property at a fraction of the cost in Mumbai, the same for London. If you move two hours away from London, you can buy a neat house for the price of a small flat in London in a good location. I believe a lot of people will take that hand-picked and move to the countryside and some will too buy farms and that is a trend that will offer some interesting investment possibilities. It is good for somebody who is rich and can buy farmland but what about somebody who wants to get rich? What should such person or persons buy? If you really want to be rich, you have to work a lot wherever that may be. Number two, instead of posting your slide on Facebook three times a day, I would go and learn something and study where that study includes getting sciences at being a good carpenter, electrician or plumber. These are dearth jobs in advanced societies and these are very highly paid occupations if a person has the necessary skills. So whatever you do, you need to have a high level of sciences. If you are an economist, you have to be a good economist, if you are computer technician, you have to be a good one. I believed to be exactly caused an interesting question. I can tell you if you want to be rich, coin etching by the Fed and by the Reserve Bank of India is not going to help you, that I guarantee you. The only thing that allows you to is hard and sharpened punished production, consistent drive and consistent improvement in your knowledge and skills that will give you at least a better chance to be rich. Always look forward to interacting with you because you have got times and years of experience of understanding of market hertzs and insight of life.Well I got to tell you I still are not aware of sells 100%. When I grew up I never thought that I would see interest rates below zero, never ever.