My in-box has been over flowing lately with feedback on Happionaire’s Cash The Crash and of course quite a few questions relating to the book. I will try and reply to all those questions through our blog here in the coming time. I’m glad so many of you have found it interesting and liked it. It means a lot to me and I thank you from the bottom of my heart. In fact within the first few hours of its launch it was in The Hall of Fame at IN.com, and continues to be there as I write this. I have also noticed a trend that a lot of the sales are shifting online.
This is proof enough that large numbers of people are interested in learning more about finance, investing and the economy, provided it is spoken in their language and can benefit them directly. Even though Cash The Crash, talks about things which might conventionally be considered extremely complicated, I have had people from all age groups telling me how easily it helped them understand what is happening in the world and also how it is helping them make take the right decisions today that will change their financial future.
As a lot of you had requested me earlier, I have also shared tools to analyze balance sheets and financial statements while sharing one of the companies I am actually investing in presently. The assets available in this company are worth several times more than the entire market cap (total value of shares). Imagine buying a Rs. 10 note for Rs. 3. Even though this company stock has risen decently in the past few days, it still is a good way to learn more about analyzing companies and still is a value buy for the long term. As I had mentioned earlier, times like now are one of the best opportunities to accumulate cheap assets. You might be remembering about Bank of India, which was available for barely Rs. 10 in October, 2000 and went on to touch Rs. 410 in November, 2007. Today there are dozens of such companies available.
Just a friendly word of advice, I know a lot of you might be sitting on cash and might be feeling the urge to jump in and invest all your money since the markets have rallied. Please don’t do that and make sure you understand well how things work. Never invest 100% of your cash as you never know when you might end up needing it. A balanced approach will make sure you are in for the long term.
All those of you who have read CTC, I hope you are fulfilling the promise you made at the beginning of the book. It is my dream to empower each and every Indian with knowledge and make them financially literate and to achieve this goal; I need the help of each one of you. I’m sure together we will make this happen and I hope more people become like The Monk Who Mortgaged His Ferrari!
Keep smiling and have a wonderful day!