Gather Little by Little has hosted the 148th Edition of the Carnival of Personal Finance! and The Orange Paper is listed in the Real Estate section. Be sure to check all the fantastic articles listed in the carnival.

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A friend of mine recently applied for a personal loan from a leading bank and was shocked to know that she would be paying almost 50% of the loan amount as interest, spread over a period of 5 years. The purpose of this personal loan was to settle some outstanding credit card dues. Agreed, the rate of interest on a personal loan (16-22% per annum) is lesser than that of a credit card (35-44% per annum). But is a personal loan the only way out? Nope. [Read more]

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India has experienced a real estate boom in the last few years whereas the US had its share of a real estate boom but as of today their financial sector is in crisis. The share prices of real estate companies in India have fallen. There is a bearish sentiment in the Indian stock market, so does that mean the Indian financial sector too will face a similar crisis? [Read more]

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Just received an email from Peter who informed me that The Orange Paper is listed at the Money Hacks Carnival # 6.

Hmm… feels good

Thanks Peter!

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Entry loads have been waived off on applications that are submitted directly to the mutual fund house. For MF investors, who invest either by way of SIP (Systematic Investment Plan) or as bulk investing, it could mean saving quite a sum of money – around 2% of the investment amount. So consider investing directly in ELSS (Equity Linked Savings Scheme) as it could be a smart and cost-effective way to do so. If you don’t have the money, churn the existing ELSS portfolio – as entry loads are not applicable for direct investing. [Read more]

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Most Americans have an enormous debt load. Many of them feel that this fact is simply a part of modern living. With the focus of consumers more and more on credit as a form of currency, it can seem downright impossible to reduce debt load. However, there are ways to do this, including short term loans such as a cash advance. The key thing to remember is to do it responsibly. [Read more]

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Photo by niallkennedy

I have just signed up with Blogsvertise, because which personal blogger doesn’t want to be paid for their work? I’m going to experiment with this form of freelancing. And their policy is that they will not require writers to say only good things about their advertisers. So if anyone wants to make a few bucks, give registering with Blogsvertise a go — it can’t hurt.

In short, Blogsvertise.com = A Nice Way to Make a Little Extra Money

(This is a sample post about Blogsvertise that they ask us to post in order to make sure we understand the concept.)

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I wish you all a very happy holi. Cheers!

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As per media reports, the Mumbai Metropolitan Region Development Authority (MMRDA) had recently put five plots on auctions in the G-Block of the Bandra-Kurla Complex, comprising two commercial, two residential and a clubhouse. Out of the these five plots, the authority only managed to sell three plots for Rs1,322 crore. Of these three plots, the authority sold one commercial plot, spanning 24,000 square metre, to Jet Airways for Rs826 crore. This implies a selling price of approximately Rs32,000 per square feet (Rs314,467 per square metre) for the commercial plot. This selling price is at a 31.7% discount to the Wadhwa Builders’ bid of Rs46,806 per square feet (or Rs503,636 per square metre). It is also interesting to note that Jet Airways was the sole bidder for the commercial plot in the recent auction.

With the stock markets experiencing a bear phase it will be interesting to see if prices of real estate also undergo a correction and to what extent.. 5%, 10% … 25%?

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I came across an interesting blog post by Dang Le an MBA student at Emory University’s Goizueta Business School. The post is about students from Emory’s Goizueta Business School and McCombs School of Business at UT Austin who were invited to come visit Mr. Warren Buffett for a Q&A session.

Enjoy!

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