Doctors can create wealth. A lot of wealth. However, it may or may not happen from their earnings alone. It can happen only with good wealth management techniques. Ha, the word wealth may mean different things to different people. When we talk of wealth we mean an amount of money which will let doctors do [...]
Many of today’s equity sales people (never mind if they are hawking mutual funds, direct equity, pms, or life insurance) may not really have a perspective on the long-term positive attributes of equity investing. Certainly, equity markets do not always deliver positive returns in a steady upward fashion. Nor are they obliged to do so. [...]
The share markets around the world have been home to more than its fair share of scandals. There have been scandals from accounting, fraud, rigging, insider trading, audit committees not doing their work, research reports for different audiences, back dating of esops, and initial public offerings.
Maybe you’ve [...]
Investing is a lot about luck – any investor will tell you that. I have said this in an earlier post also. For example I sold hdfc, l&t, and tata power (skill, I thought they were overpriced in a slowing down market) – they are still way below my sale price. Then I used some [...]
Warren Buffett has some advice for young people, like college students, who want to remain financially independent. It’s not new and its not a surprise, but it is solid counsel on avoiding a very common money pitfall, and worth repeating:
“The biggest suggestion I have is to avoid credit cards. Interest rates [...]
Even as I send e-mails regarding investments in Real Estate , I get a worried response ,” is this the right time to invest ? “. I am a die hard Real Estate Investor and just as Yash Raj Films cannot help churning out movies, I like to keep ” Investing “.
But [...]
How to reduce your cost of living
The basic needs of man are food, clothing, shelter and circus (entertainment?). However, most of us have today graduated from needs to wants and luxuries.
However, when the headline inflation numbers hit 11.9% there is a serious worry about people not being able to meet even their basic [...]
Mutual funds are an excellent route to create wealth for yourself. However, they do not come cheap. They have some charges. Some visible, some invisible. You need to be aware of the charges, that is all. Let us look at some of the charges:
1. Entry load: this is charged to pay the distributor for the [...]
About 20 days back 2 senior politicians told me the trust vote would go through comfortably. One was from Congress and the other from BJP. One senior journalist also told me that the trust vote would go through.
However, none of them were correct about the margin of votes. That is the problem about predictions – [...]
Insurance is mandatory if you have a car!
If your car is worth insuring what about other assets ? What about your practice? Your Dentist’s chair? Your hospital?
Most doctors need at least some insurance to be in place as part of their overall financial plan.
The question is how do you [...]