Why is Navi Mumbai real estate so expensive? Or is it correctly priced? Well answers are difficult to get. A decent 2 bedroom apartment costs upward of @Rs One crore.
Even for a professional who has a nice starting salary of say Rs. 500,000 gross income (per annum) the cost of a flat is about 20 [...]
It is very exciting to do a post on the budget. All you have to do is a lot of cut, copy and paste. My mail box is full of documents about the budget – and there is only only key that I had to use. It is called ‘Del’.
Frankly for the common man (who [...]
The greatest wealth in the world has not been created by inheritance – but by investing! It is only this generation that can make this comment. We are lucky to be living in times when we can make this statement. Let us take examples of Warren Buffet, Bill Gates, L N Mittal, Azim Premji, Ambani, [...]
Yesterday (24 Feb 2010) belonged to the world’s most worshipped cricket player ever to have walked the earth. Welcome to the world of Sachin Tendulkar. He displayed a Master class in cricket – and a CD of his best innings with a voice over from Ian Chappell, Viv Richards, Sunil Gavaskar, Ravi Shastri and Rahul [...]
Doctors and money – it could be titled anything, but since this dialogue was started with a doc, I have called it Doctors and Money!
“If you had outsourced managing your money to an outsider, and he had managed it the way you have managed, would you still hire him?”
I started my training in personal finance [...]
Here is a book review of Retire Rich Invest Rs. 40 a day….planning to carry more such reviews. This is by a person who is over 55 years of age.
I liked the chapters on withdrawals(pun intended) after retirement – the topic on annuities and how they could be used effectively to protect equity based investments [...]
“Investing should be more like watching paint dry or grass grow. If you want excitement take $ 800 and go to Las Vegas.” This is what Paul Sameulson the Nobel Laurete Economist from US had to say.
In the Indian context I tell my students and my clients if you want a “kick” – you have [...]
In the 1980s the Japanese manufacturing might was hurting the Americans. Clearly US ‘experts’ were talking about how all the manufacturing will now be Japanese. Everybody ‘knew’ that the 1990s will be the decade of the Japan. American cars were useless, American watches were too expensive, – anything that America could, Japan could do better. [...]
As a part of my personal financial planning seminars, I come across thousands of customers who are looking for advisors. As a part of my training sessions, I come across millions of agents who are looking for customers. However, for me it is not just picking up a telephone number and passing it on. This [...]
A bureaucrat or a minister is respected by the size of the fiefdom he runs. So obviously when the corpus in ULIPs has got far higher than the full mutual fund industry….SEBI saw some ground slipping. If SEBI was so clear, it should have woken up long ago. Why was it sleeping.
Also ULIP is so [...]