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 estate “the [...]
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?
Some [...]
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 inflation will quickly move you [...]
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 [...]
If you read my blog regularly you must have seen I buy, read and review books. Last week I was at a book exhibition generally lounging. Two incidents at the exhibition were amusing.
One lady (well I am terrible at guessing age) wanted to buy books on ‘Dealing in the share market’ – clearly a first [...]
Why Women Need To Plan More Than Men for Retirement
Men and women may not be on equal footing when it comes to investing for the future. On average, women work fewer years and earn less than men, but they also tend to live longer. Therefore, women must focus on the concerns that are unique to [...]
Are we in a slow down or in a recession? Well if you have to believe some of the optimists we are long OUT OF the slow down. There are some people who believe that the mutual fund industry and the life insurance industry are booming – which means people are still investing, so there [...]
By the time you read this you will know who is India’s next prime minister. However I am writing this at 8 am on 16th May. CNN IBN is not a channel of first choice – especially when there is an election. However while flipping channels I came across this channel where Rajdeep Sardesai was [...]