Blog points

Every concept, blog, story, religious texts, constitutions, ideas, code has some key points. You know, like the blog key points, document summary, executive summary and so on. These are the core key points, key actionable items and these statements of truth or axioms are the key guiding factor. Wise men then apply these axioms with various levels or intensity for various problems .. essentially a mix of these key ingredients to create up solutions for different problems. Pretty much similar to the cooking analogue. Though new ingredients might surface, still at its very core, the key ingredients of salt, pepper, turmeric, chilli powder, masalas and veggies are the same. Then you saute or steam or do different things with veggies for different seasons or to get various types of cuisines. In this post, we will try to summarize some key points after reading this blog and see how that is stacking up against the reality of the finance markets. Some of these tenets come up with wisdom, time, after ruminating over key points over and over again - thus losing or graying your hair!, experience, what the stock markets such as the ones from 2008 teaches you.

1. Buy Low sell hi! Really there is no other way around it. It is as simple as this. Either start your company and get the RSUs or stock units at 0 or near 0 or just be a top executive and get them for free or cheap for the time that you put.
2. Diversify - seriously, just diversify to all that is there. Forget about just stocks or bonds, also diversify to online savings and CDs.
3. Index funds rule - seriously, again they are self balancing and self allocating automated funds with low expenses. So just go with those and apply rule 1. I have backtested a theory where over a large set of big stocks, there is minimal difference between trading in stocks vs index etfs or funds and index comes out ahead with lower trading costs and expenses with less risks.
4. Simplicity - if something is complex in structure and understanding, it is definitely bad. Just like physics or math, people that are statisticians love to bring up complex model and the result is 2008. Stay away from that.
5. Own business - yes there is no way around it. And better to have one's own business in product sector where something of tangible and intangible (mainly) value is set. This also gives more freedom than the routine job which is essentially the bread and butter. And one's own outlet of dreaming big during the weekends.
6. Health - that is really the biggest wealth out there! Always be fit enough to live a 100 years .. not necessarily muscles but good and disease free body and  mind and soul. Do yoga, kirtans, prayers and go to nature a lot. Travel! Eat healthy!
7. Family - is very important for emotional and mental well being. Very important.
8. Yet to be determined.

Notice how the actual stock or bond market itself is very low points while the most is about human - that is the truth! Ultimately this all is just a tool to get you towards your life which should be led well. No point in all stocks or bonds since no company is worth that and hence you should follow the govt employee model of saving on ultra safe treasury and live off the interests. No tensions or stress. Health and well being is important. Family is important. Spirituality is important. Reading and other things etc. are all important. Art is important - and maybe can make serious money too. A good singer / artist/ actor/ writer/ author/ and really anything that has a solid customer base is very lucrative. Leaving the philosophical track aside, the basic of money world is to earn more. There is simply no way around earning more. Earn more and save more. Also spend and have fun. And then relax and bring happiness to others. Then they will say "What a guy!".