Net Worth Update – March 2016

net worth

“Here’s how I think of my money – as soldiers – I send them out to war every day. I want them to take prisoners and come home, so there’s more of them” – Mr Wonderful

Was busy whole month, busy with work, busy seeing my net worth grow.

I made a healthy progress with my money. Found that, all along I missed to add my provident fund into my net worth calculation. And that too in excess of 2 lac, sweet!

In equity I had mind-blowing gain, it was crazy. overall looks healthy with average of 12% growth. Invested in two companies after two months of research. At the end of my analysis I am convinced that these two companies are way under valued than the rest. I will get good return in long-term for sure. The companies that I have invested are SJVN and NTPC. Government is the majority stake holder in both. Power or Energy will be the new sexy, both these companies deal with power and related projects.

Coming to my debt fund,

added another 25k this month. With Reserve Bank of India lowering the interest rates in debt funds, this area doesn’t look attractive anymore. But I cannot live without investing in compounding asset hence I will stay invested but limit of 25k every month.

Net Worth Update

Coming to expenses, staying with family this is the best thing. You do not spend much on food and stay. Spent 3,028 on shopping. Other expenses are born by my gift cards/ money, which I got in my wedding. An awesome month comes to an end. Between I would love to tell you all that I will be travelling to the US next month. Much awaited work offer, and way to go for minting bones.

Between I was watching Shark Tank aired on colors infinity channel other day, liked the quote by Mr. Wonderful – “I want to go to bed richer than when I woke up”. How are you homies doing this month? Is your money working for you? Are you minting money when you are asleep?

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