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 […]
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 […]
“So who still believes markets don’t work? Apparently it is only the North Koreans, the Cubans and the active managers.” — Rex Sinquefield, co-founder and board member Dimensional Fund Advisors Not that fund managers will like this…but there are too many people saying that indexing your money is the best thing to do. If that […]
Women surely have some peculiar financial planning needs. We will not do too much in detail here – but suffice to say that some requirements are unique. Though most adult women I meet are married, I guess most of them will die alone – widowed, divorced, or not married at all. So at some stage […]
A pyt in our office today asked a very innocent question. If inflation has gone up from 9% to 11% in a week, next week will it be 14%? Well the truth is I do not know. However I do know that if it rains 90mm in Mumbai, and it does rain like that for […]
Oprah Winfrey has given a nice speech – and this is the portion I liked: “When you’re doing the work you’re meant to do, it feels right and every day is a bonus, regardless of what you’re getting paid.” It’s true. And how do you know when you’re doing something right? How do you know […]
Here is a very, very old idea. Whenever people ask me how to reduce losses in day trading, futures, options, or once upon a time the old fashioned badla, I always used to be stumped. My logic was – if you do not know the downside, any business is too risky, is it not? The […]