Multibagger stocks are small cap penny stocks with the potential to generate a lot of wealth. These stocks are also known as wealth generator stocks. As an investor, you follow multiple stock market strategy to identify a good stock that can generate a multibagger return. Today I will be sharing details about 5 penny stocks that turn out to be multi-bagger stock and generated lot of wealth for investors. We already had a detailed discussion about a penny stock. Penny […]
How to generate a wealth that last forever? How wealthy people become wealthy? How a person like Bill Gates become the richest person in the world in his thirties? Do you know the secret of Warren Buffet and Rakesh Jhunjhunwala about wealth generation? All these people came from middle-class families. Yet they were able to generate apex of wealth in a short span of time. So today let’s try to get an answer of question which everyone is looking for […]
As an Indian we are bound to pay multiple taxes :). We pay more than 20 types of taxes to government of India. In this article I will discuss about gift tax and wealth tax. Although we don’t have separate tax called as “Gift Tax”, but if you are going to receive money exceeding value 50,000 Rs/- as a gift get ready to pay additional income tax. Tax on Gift Under Income tax law if you receive any sum of […]
Mathematics always helps in solving personal financial problem. You apply number of formulas in financial life like IRR, CAGR, Absolute return etc. But do you know formula to become wealthy. I am here with simplest formula to become wealthy! While doing financial behavior analysis I found four different people operating on four different formulas. (1) Income – Saving = Expense (I – S = E) These types of people on receipt on income keep certain money aside as saving and […]
Wealth can be created but you need lot of patience, dedication, determination & hard work. Most of you must be heart throb fans of few of the world’s richest billionaires like Warren Buffett, Steve Jobs and Rakesh Jhunjhunwala. Here are few inspirational quotes from wealth creators. 1. Warren Buffett Warren Edward Buffett is the chairman and CEO of Berkshire Hathaway and an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. […]