There are many people who like to make lists – tallest, shortest, fastest…but one list everybody loves to see their name on is clearly the Forbes’ list. The Richest Man. Sadly only the person with the highest net worth can be measured honestly. I know of one businessman whose office went overtime on the net […]
How does a financial planner answer this question? or change it to “market is rising, what should I do?” It is really difficult, right? Ok let me try. If he is an equity buff he is likely to say “Keep investing, in the long run equities are the best asset class and you will get […]
It is customary for a tight fisted individual to get badgered for being tight fisted. However, if a person is liberal with money he is normally liked by everybody around him. (Needless to say him includes her). I was in the gang of people who would rag people who were tight fisted. Till I had […]
I am surrounded by a lot of ‘part-time’ portfolio managers. Of course the other name for them is voluntary contributors to the broker welfare fund. Their reasons for buying a share, holding it and selling it can at times be hilarious. However without getting into whether we are in a bull market or a bear […]
Last week in my quest to gather information of how doctors live I met a doctor and had a look at his annual cash flow. It almost scared me. Here was a doctor (for our story let us call him Dr. Pradeep married to Bhargavi a house wife). Here is his annual cash flow statement: […]
How can a Doc retire early? Docs start earning quite late in life – at least the big bucks come at a late stage. So is it really possible for a Doc to retire early? It really looks difficult. Docs unless they are super specialized and have created some kind of aura about their capabilities […]
A few days ago I was watching a personal finance program on ET TV. How some statements are now being thrown about is very surprising – and amusing if one were not bothered about the side effects. A portfolio for a 55 year old individual (5 years to go for retirement) was about 50% in […]