Managing your wealth

Every human act is served better with a goal. Lack of it is like driving aimlessly. You can chance upon a serene waterfall amidst a lush of green, but the odds are stacked heavily against you. The same goes for managing one’s money or wealth. One, however, has to consider some frame-of-mind issues before passing a blanket judgment. Example, a younger yet earning generation may not be so goal oriented in nature when compared to how a mature generation goes about wealth management.

There has been a recent spurt of online services providing goal oriented wealth management services (besides the promise of aggregating scattered repositories of wealth information to give a holistic picture). Most of these are North America based like Mint and FutureAdvisor. There are ones in India too like this and this

I have setup a poll to understand wealth creation processes. Your responses will help me better understand your inclination towards the wealth creation process

Image courtesy Rediff.com

Waving Good-bye

I had waxed eloquent praise on Google Wave as it was previewed to the world. Call that irrational exuberance. I was dead wrong – Google killed Wave today.

Steve Johnson, writing a guest post on CDI, pretty much had it nailed. When an engineering led company attempts at stuff that needed market understanding upfront, the results are often predictable. (Note to self: Will Buzz go the same way? Perhaps it will)

Google’s core strength is search and it does that damn well. The trouble is when it brings its search-grip on to a different ball game and expects that to work. It doesn’t always.

PS: This post comes after a long hiatus. Apologies. I was out in the markets, which if you have read the links would possibly pardon me doing.