Should I buy real estate now – now that the market is down or wait for it to get lower? This is a question that everybody seems to be asking. Frankly I do not know. A classmate (Prakash) and I have been having a disagreement about the direction of the housing market. He calls real [...]
On a trip to Gurgaon recently I had a funny experience. I go there for training at Hdfc bank. Since the Gurgaon addresses are not normally easy to find, we use 1 or 2 known private taxies. So one such guy (typical Delhi name: Lucky) has a cell number and I call him. He confirms [...]
Ayn Rand says “money is the root cause of all good”. Indian philosophy says ‘money increases desire – and like ghee and wood to a fire – increases desire and misery’. Immaterial of whether you take the western view or the eastern view, all of us have at some point chased money, have we not? [...]
Invest in an index fund – they will outperfrom the active fund managers by a mile. This is quite a normal advise by many financial advisors – especially those who charge a fee for advising rather than a commission. Of course indexing has its advantages – one of the most important being you are not [...]
The second step in retirement planning is to compare the Income and Expenses. Of course there are 3 possibilities: Expenses = Income Expenses > Income Expenses < Income Without getting into any relative terms, situation 1 and 2 are close to disaster. Also remember if expenses are only slightly lesser than income, the demon called [...]
A few days ago I had spoken about the ‘Honest truth’ – Ajit Dayal (who runs a mutual fund and a big mutual fund distribution business) is the author. He has recently written about the ET discussion on mutual funds. He sounds a little sore about not being called to the summit. Surprising, because the [...]