The key to quality insurance is in choosing a good quality Agent. The word agent comes from the Indian Contract Act, 1872 and it is the Christian name for the guy who brings insurance / mutual fund product to your door step. Nowadays they have various names like Consultant, advisor, and the like, but I [...]
Most of us earn a living, and we work to earn a living. So salary is also a big help in the process. However creating wealth is not just a function of our salary. It is a function of mindset. In case we decide that in the long term we want to create wealth we [...]
An open letter to all who love their lives Hi Ramesh, It was a great trip to Pune. I always thought the drive would be great but really it was scary, to say the least. It actually set me thinking about you and your risk taking abilities. To summarize, you and your three brothers are [...]
As a financial planner I do spend a lot of time with 16 year olds working in call centers, media companies, banks and so on. When I am with them and discussing their problems, the one question that often comes to my mind is, “If these guys cannot make their monthly salary stretch one month, [...]
In falling markets the reason people are not able to sell is because of a disease known as “Anchoring”. It is necessary to note that the price as of today is a reality. If you get stuck to some old price which is in your head, you will end up not selling fast enough. Think [...]
I have been inundated with calls from friends and students on what an investor should do when he or she is staring at blood in their portfolios.It reminds me of the saying — ‘this too shall pass’. I do not know its origin, but am convinced that in investing, as in life, you should keep your [...]