Just love how Nigella Lawson talks and also her choice of words. Heard her interview on NPR this morning where she was talking about recipes for Royal Wedding watching…
“everyone is giving a show of enormous bored nonchalance and indifference in this country, however, I think everyone’s going to watch it.”
“I can’t make myself feel it’s a pivotal experience in my life, but I think it would be an affectation to ignore it.”
Another point to note is that she started off with two recipes for drinks. Gotta admire British for their love of booze. The only reason to fly on British Airways despite their otherwise horrible service, is that they provide more than generous amount of alcohol to the passengers without charging extra.
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admin Airwaves (TV & Radio), World
Breakfast conversation this morning…
Ashwini: I am going to marry someone who has a sister.
me: Why?
Ashwini: That way I can marry the boy and Adit could marry his sister.
Adit: But… I don’t want to get married.
Ashwini: Come on, Adit. It will be fun. We will be one big family.
Adit: OK. I’ll marry her if she plays with me.
Ashwini: I am going to have an Indian wedding.
Me: Why is that?
Ashwini: Because, I don’t like all that kissing in the American wedding.
Me: What if the groom wants an American wedding?
Ashwini: Hmmm…. Then, we’ll have to do both. I like the white dress but, I like Indian wedding more.
Me: That’s a good idea. You can do Indian wedding in the morning and other one in the evening.
Ashwini: No, no, no. I’ll do the American wedding in the morning. I want to get done with kissing and then have fun at the Indian wedding.
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admin Adit, Ashwini, Kids
Over the years, I have had good luck with “Dollar cost averaging” as an investment strategy. Basically the idea is that instead of making one big one-time investment, break it into little bits over time. So, through the ups and downs of the market, the average buying price is lower.
At one point, I used to apply this principle whenever I could, such as buying gas. Instead of filling up the tank, I used to put $25 worth of gas every time I needed a fill, trying to capture more gas when price was lower and fill less when the price was higher. It is an easy way to pinch some pennies. I should get back to doing this again considering the current gas prices.
Anyway, the point of this post is to say that dollar cost averaging doesn’t work all the time. I came into some money last year and I wanted to put that in the kids’ college fund. Being a follower of dollar cost averaging, I decided not to make a purchase on one fine day in July 2010 and to make 12 purchases, twice a month from July to December.
After doing a retrospective analysis of this whole deal, it turned out to be a wrong decision. If I had plunked down all that money into one purchase in July, I’d have bought about 10% more shares as the stock market kept on climbing from July to December. The returns on this investment could have been 10% higher than what they are right now.
I think this example is just an exception that proves the rule. Six months is a short period of time and I have had good experience with dollar cost averaging for other investments over longer time frame – several years up to 10 years.
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admin Money & Investing
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