Droplet Wealth

 When we did our 100th blog a few weeks back, we thanked quite a few people and it is time to apologize to one of them. Because here is what happened - One of the blog we did long back was inadvertently a repost. Phat came the feedback, loosely translated as  - "Macha, You are supposed to write something on your own and no reproduce, It does not look good!" I felt so bad but that week I was travelling and could not write. Since we did not want to miss the weekly posting, I re-posted. But Why at all I'm talking about all this now?  Because we are going to do a repost today and neither I am travelling nor I am going to apologize. Here's the truth -  Dear, We cannot sometimes re-write something that's already written so well! Here's a re-post, a 1963 advertisement published in Newspaper of US of A by the First Federal Savings Bank.   Though It was written almost 60 years back, this is a must-must read even in today's age and time. In fact all the more in tod...

TFD defines Friend as -  What else would we say but Happy Friendship's Day to  To the person I know, Like and Trust who instantly became my partner at Droplet To all those who knew us, trusted us and became clients of Droplet.  To all the Clients of Droplet, who eventually became our friends  To all those who are our allies in struggle to become financial Independent! Happy Friendship Day Comrades!  To all those who support, sympathize or patronize Droplet Wealth Advisors in one way or the other.  And Oh Dear Friends! How did you even think that Droplet blogs are complete without some self help gyan - So here it is, In Mr. Buffet Words -  For financial planning and investment-related queries, write to us at dropletadvisory@gmail.com or call us at 9962399924 / 9551373455. Visit our website - www.dropletwealth.com

  We will not leave anything for guesses today. We have had enough guess games over the last 99 Posts!  Yes, this is going to be our 100th blogpost.  And b efore we get into the sojourn of self reflections,  A big thank you to each one of the readers who read our blogs, appreciated the well written ones, silently ignored the bad ones,  shared ideas to write blogs on, told us that we wrote exactly what their thoughts are, those who encouraged us to keep going,  those who reminded us that we did not write a blog for a long time, those who forwarded it to your friends, those who kept our blogs as their Whatsapp status (few of you did that, I still don't believe it though),  told us that our blogs helped them think sincerely about their finances, those who started their 1st SIP inspired by our blogs, those who bought a term cover, those who bought a health cover, those.. Well a 100 blogs is a long time and this "Thank list" cannot cover everybody and...

 The 1st Smart Phone was designed by IBM & sold by AT&T in 1993. Between 1993 & 2007, a lot many people scratched the surface of Smart Phones, until one Mr. Steve Jobs launched the iPhone. iPhone changed the industry and why ? One of the reasons below-   Steve removed all the buttons and increased the size of the screen leaving that much more for users to consume. iPhone sales soared and parallelly Google came out with the Android OS in 2008.. Nothing happened in India for 2 more years until HTC launched India's 1st smartphone, HTC Magic, in 2009 to cash in on Smart phone's popularity. Samsung followed suit, People forgot Nokia and years later OnePlus joined the bandwagon, you know the smartphone scene in India today. In between all this, a very important thing happened, that helped make Smart phones affordable & durable for all the classes. Lets look at it.  The Tempered Glass.  If you remember, back in those days, we would have...

 I am so swamped in Dhoni-verse that my mind was itching to write about "Him" when I sit to write. If not nothing, I will atleast write his name, which I just did. IPL started when I was in my late teens, I was there in Chepauk when Sachin walked-in to bat for Mumbai Indians. The Stadium was the Temple, Sachin, The God and we meare mortals. I thought I would never see something like that again and will live in the shadow of those memories forever. There, right there, right in front my eyes, as I grew up, the shadows lenghthened, the sun set, a new dawn was born, the Sun rose once more and even without an idea, here I stand in the shade of another Ultra Legend! Oh my...! Ooh so much! An absolute bliss. Oh Dhoni, What are you?!? Staying with the Legends, What If I told that had you invested Rs 4,140 with this Legend in 1993, you would have made... Ok hold on, Why Rs 4,140? Because that was the price of the 10 gms Gold in 1993. So had you invested Rs 4,140 with this Legend in ...

                          November last year was one of the coldest months Chennai ever had in last few decades. As I cuddled in bed, sipping my hot coffee whiling away the time hopping from one social media platform to another, I came across a "Did You Know" placard.  The Placard talked about the temperatures about North & South Pole. After I read through I was boggled by the fact that the temperatures can drop so low! Oh now I know that South Pole is colder than North Pole where the temperatures can go as low as -60'C.. Then a thought stuck me - "Chennai la irukkurra 25'C ah thaanga mudilla, North Pole ah vida South Pole chillunnu iruntha namakku enna 😂" (I am not able to bear the 25'C of Chennai, what difference does it make if South Pole is colder than North!).  Now turning to the second life that I am living, that of financial advisor I started wondering that this same thought is so true to our financia...

        We did not know about the subject of Chit funds that well until a few clients of ours popped it to us. We were more piqued when one of them told us that his chit fund gives him a return of 18%.  We were like  EIGHTEEN PERCENT ?!?  Why would anybody be doing any business but Chit Business if it can generate an 18% return? We mean WHY? We set out to dig deep to find it for our readers.   Lets get started- For novices like us, let's get the basics answered first.  What is a Chit Fund?  As per Wikipedia - " A  chit fund  is a type of  rotating savings and credit association  system practiced in  India . [1]  Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbors..." In simpler terms, Chit is a group of people who contribute a specified amount every month and create a common pool of Money. This pool of Money...