This is arguably the most important financial decision in your life you will ever make! Not too long ago life was simple. You wanted a bank account, you went to a bank. If you wanted to buy shares, you went to a sub-broker (a broker was out of reach till about 15 years back). If [...]
“If you spent 13 minutes last year guessing about the economy and the indicators, you wasted 10 minutes”. I am not sure about whether I got the wordings correct, but Peter Lynch said something to this effect.
I am myself not a big believer in asset allocation strategies based on the state of the economy – [...]
Many people think creating wealth is a very difficult process. Funnily, it is not so!
Let us look at some simple steps:
1. Stop procrastination! The best definition of procrastination that I know is unfortunately not printable! But it is easily one of the most important reasons why wealth does not get built. So start today. If [...]
Akshayapatra (see other posts and www.akshayapatra.org) is a reasonably large organisation. True to Gandhian values they believe that they should aim high, work high and talk less. One recent achievement is that they are now feeding 917,009 children everyday in some school in India.
India, of course, has many more hungry children (who cant go to [...]
It is customary for people to say “I do not take any risk in equity markets” all my money is in PPF. Let us look at what are the risks involved in investing in PPF.
First of all most of the people I meet today invest far, far more in a year than the max possible [...]
Hey frankly you do not have too much of a choice, do you?
You would hate to hear this if your financial adviser (financial product salesman) were to tell you, but it is the truth.
You have no choice in seeing where to invest for people looking to hedge against the risk of higher inflation.
Real estate is [...]
Suzie Orman runs a popular program in the US of A which is simply titled “Can I afford it?” wherein people call in to ask “Can I afford a second hand Mercedes which costs me $ 45,000?”. Then Suzie sizes up the situation checking up whether the person has some money in her/his savings account, [...]
One newspaper in Mumbai has this headlined in one of their news items. It is an article on page 3 of the paper – telling people not to self medicate. It warns people of malaria, gastro, and generally saying if you have fever please go to a doctor.
However, a few pages later there is a [...]
There is a complete alphabet soup as far as financial planner’s qualifications go! CFA, CFP, CA, ICWA, MBA, LLB, Bcom, Amfi pass, IRDA qualified, ….and still more.
Does it really matter?
Well your financial planner should know about you (perhaps most important), equity markets, debt markets, compounding, etc.
Surely if you are looking for a qualification you can [...]
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 the driving force behind the family business of tyre [...]