Why do people postpone making their will? They think they will never die? Or they are sure that all their heirs know about their inner desires? Well read on… The current generation of clients whom I meet is inheriting nice big round amounts of money. However since their own salaries are far, far higher than […]
The process of providing financial fitness involves four basic steps. If you have the time, objectivity, inclination (to take time off from your family to do this) and expertise in accounting (to file your tax returns), investments, taxation, insurance, and estate planning, you can do this process on your own. However, avoiding personal bias is […]
I did a TGIF speech about investments – I met a person who told me that he clearly felt my blog was not addressing the new investor. Withing 5 minutes of him saying that one girl told me “i could not understand anything in your blog”. I hope this post removes that flaw in the […]
Today most of us have made much more money than we thought we would make! Surely some of my classmates (ok just a couple of them) with a net worth of Rs. 200 crores plus are kidding themselves if they thought they will make so much money. Frankly when we started life after getting our […]
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 […]
Ego and pride are not really useful elements while investing. Many investors I know have made money because of luck. And many others have made money because about say 30 years back (or say 50 years back) it was not very fashionable to “trade” equity. So when an electrode supplier liked the way L&T or […]