Archive for August, 2009
If you have a financial planner with a ‘product sale’ mentality – especially who has sold loan products also in the past, there is a good chance that he would suggest leverage. Leverage means borrowing. So read on…
Financial planner: Borrowing sensibly is a good way to build wealth. Do a disciplined borrowing and you will [...]
August 31st, 2009 | Posted in Uncategorized | No Comments
If you had invested Rs. 10,000 in Wipro and kept all the shares with yourself, and spent all the dividends, your portfolio would be worth Rs. 300 crores (ok it does not matter whether it is 100, 200 or 300 crores) – it is just a gigantic figure! If you had invested in Reliance, Hdfc, [...]
August 30th, 2009 | Posted in Uncategorized, equity | 1 Comment
Partial booking of Profits is a MUST! – my broker’s favorite statement!
I seek to invest in dividend yield stocks, believe in Buffet’s theory that “a share should be bought forever” and at the same time a proponent of booking partial profits on a winning position. Especially if a small-cap stock is up significantly, locking in [...]
August 29th, 2009 | Posted in Uncategorized | 1 Comment
this is the second part of the confessions of adviser’s / relationship managers
some of the things that i wish to tell my client, but cannot!
1. When I asked you to sell (index 21000) you said ‘it will go to 25,000. Later on you say “You did not say it strongly enough”. Man, you are a [...]
August 28th, 2009 | Posted in Financial Advisor, Investment Myths, Personal Finance, Uncategorized | 3 Comments
Most of us are not happy with the circumstances in which we find ourselves!
“If I were just a little taller”, “If I were a little fatter’, “if I were just a …” Most common is “IF I WERE JUST A LITTLE THINNER”.
As though dropping a kilo or 10 kilos will change our lives, we continue [...]
August 27th, 2009 | Posted in Uncategorized | 1 Comment
If you are old enough to remember what is LBO it means you were born in the 1950s or 60s! LBO is a short form of Leveraged By Out. Here a set of employees would get together and decide to buy out the shareholders. Then they would take the company public and make their $ [...]
August 26th, 2009 | Posted in Uncategorized | 1 Comment
I do a lot of training for IFAs – here are somethings that they wish they could tell their clients:
- If you can find all the answers on the net, please ask that website to get you a printout of your portfolio when you want, why should I call the fund house?
- It is much [...]
August 25th, 2009 | Posted in Uncategorized | 2 Comments
Today is Micchami Dukkadam – the Jain way of saying ” To commit mistakes is human, hence I request your Forgiveness, if I have hurt you unintentionally by my words or Action”.
Like the American concept of Thanksgiving this too is a fantastic concept. It actually makes you introspect on all the negative actions that you [...]
August 24th, 2009 | Posted in Uncategorized | No Comments
I have been a big proponent of financial education, but I hope you understand its limitations. Let me explain. Finance has changed over the past 100 years. In fact the changes in the past 10 years could perhaps be greater than the changes in the past 90 years before the last decade.
Now if you were [...]
August 24th, 2009 | Posted in Uncategorized | No Comments
Well frankly I do not know whether it is a good time to invest in gold or a great time to get out of gold. But let us look at the obvious reasons to buy or sell.
Obvious reasons to buy:
1. The world is busy printing money so value of currencies will fall but gold will [...]
August 23rd, 2009 | Posted in Commodity, Uncategorized | 5 Comments