Droplet Wealth

We have always advised our readers to have emergency funds to take care of their of monthly expenses for a minimum period of 8 to 9 months and a maximum period of 3 years; to suffice their needs in case of any unforeseen events. For most of us, the immediate thought to park the all emergency funds will be our savings accounts. We do not think of the better alternatives that can yield better returns (a 1 or 2% higher returns has an edge over while it compounds). The reason why we do not look out for alternatives is not risk but lack of awareness about alternatives or time.   Now you may be wondering and moving back to the title of the post! Yeah, of course it is Liquid funds J Liquid funds is a good find for those who wants to park their surplus cash for short or long term as it earns far better returns than Savings accounts. Let us look in detail about liquid funds. What is Liquid funds and how it works –                Liquid fuds are a type of debt mutual funds. These

                                                   Couple of weeks back, we promised to bring to our readers publicly traded companies that have created tremendous wealth for the investors which are both common & famous. In keeping with that promise, we will see another company this week that is so common and has made huge wealth for its investors. But.But. Before we go ahead, there is something we DON'T WANT you to understand from this blog. That is -  If you had invested in shares of these companies you would have made so much money too. That any common company that you know today will also create so much wealth in future.  Now that we have told you what you should not take away from this blog, let us also tell you what you should take away from this blog. That is -  Risk - The moment any body thinks about shares/share market, they perceive it to be risky but it is not so much risky. As long as you get in to markets thinking you will be rich in one or two years ,

                                     If in recent memory, there is one public servant that we did not have the option to select but were happy to see at work, then that has to be this Gentleman-   Most of you would know him already. He was the Governor of RBI, our central Bank. His name is Raghuram Govind Rajan. He was also known as Rockstar Banker. Apart from working for Government. he also worked for Droplet Wealth Advisors. Now you know why was Droplet happy to see him at work? Yes, he kept speaking about the most important thing that Droplet gives most importance to?  Well now connect the dots - Banker/Wealth Advisors. Oh.. So both of us give importance to MONEY.. So Rajan was talking about MONEY. WRONG.. FULL WRONG Guess. Its like We are trying to make you Dhoni, you want to become Saha.. then one Big Swaaaha for you!  Alright lets cut the crap now. He spoke about INFLATION. We told he is important to us because he gave us a very important concept - Dosanomics