Comments on: How to Get rich: And stay that way http://www.subramoney.com/2010/03/how-to-get-rich-and-stay-that-way/ Personal Finance Thu, 09 Sep 2010 16:19:37 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Narendra Kumar http://www.subramoney.com/2010/03/how-to-get-rich-and-stay-that-way/comment-page-1/#comment-3125 Narendra Kumar Mon, 08 Mar 2010 09:19:10 +0000 http://www.subramoney.com/?p=3286#comment-3125 Thanks for clarifying. Thanks for clarifying.

]]> By: subra http://www.subramoney.com/2010/03/how-to-get-rich-and-stay-that-way/comment-page-1/#comment-3124 subra Mon, 08 Mar 2010 09:08:24 +0000 http://www.subramoney.com/?p=3286#comment-3124 review is what i said..and please see the last line of the para - IT DOES NOT WORK....is what i have said review is what i said..and please see the last line of the para – IT DOES NOT WORK….is what i have said

]]> By: Narendra Kumar http://www.subramoney.com/2010/03/how-to-get-rich-and-stay-that-way/comment-page-1/#comment-3123 Narendra Kumar Mon, 08 Mar 2010 08:50:08 +0000 http://www.subramoney.com/?p=3286#comment-3123 I was surprised to see that you have suggested to churn the MF portfolio once in 3 months! Is it not way too short....!? Somewhere else, you have rightly said that Equity is for long term - atleast 8-10 years. Now, churning every 3 months is exactly opposite of this. Also, based on what do you churn the portfolio? Is it based on returns? If the person believes in value investing, then he will not do this way. First of all, he would have studied the business before investing. And when the price falls, that means it is a better opportunity to invest and he will invest more. If it falls further, he will invest some more. If the person expects the price to only raise and not fall in next 3 months, then I think he will keep on making losses - he will lose more money in the way of brokerages!! I was surprised to see that you have suggested to churn the MF portfolio once in 3 months!
Is it not way too short….!?
Somewhere else, you have rightly said that Equity is for long term – atleast 8-10 years.
Now, churning every 3 months is exactly opposite of this.

Also, based on what do you churn the portfolio?
Is it based on returns?
If the person believes in value investing, then he will not do this way.
First of all, he would have studied the business before investing.
And when the price falls, that means it is a better opportunity to invest and he will invest more.
If it falls further, he will invest some more.
If the person expects the price to only raise and not fall in next 3 months, then I think he will keep on making losses – he will lose more money in the way of brokerages!!

]]> By: Jagbir http://www.subramoney.com/2010/03/how-to-get-rich-and-stay-that-way/comment-page-1/#comment-3121 Jagbir Mon, 08 Mar 2010 07:17:43 +0000 http://www.subramoney.com/?p=3286#comment-3121 someone truly said .. "excellence rarely found, more rarely valued." so the struggle is to how to find such a FP? My finance is in shape but moving forward I'm willing to invest in stocks. No hurry.. no greed :) I am seeking somebody who can give me tips/recommendations on stocks (of course, as paid service). No able to find till now, except diving in books you mentioned long ago in your blog on stocks. - Jagbir someone truly said .. “excellence rarely found, more rarely valued.” so the struggle is to how to find such a FP? My finance is in shape but moving forward I’m willing to invest in stocks. No hurry.. no greed :) I am seeking somebody who can give me tips/recommendations on stocks (of course, as paid service). No able to find till now, except diving in books you mentioned long ago in your blog on stocks.

-
Jagbir

]]> By: Nirmal http://www.subramoney.com/2010/03/how-to-get-rich-and-stay-that-way/comment-page-1/#comment-3110 Nirmal Sun, 07 Mar 2010 07:17:32 +0000 http://www.subramoney.com/?p=3286#comment-3110 Dear Sir, Recently I have started visting ur website regularly. If I would like to invest 1 Lakh, which stock do u recoment as a safe bet. I will continue to invest thru the year. Please. Dear Sir,
Recently I have started visting ur website regularly. If I would like to invest 1 Lakh, which stock do u recoment as a safe bet. I will continue to invest thru the year. Please.

]]> By: Manish http://www.subramoney.com/2010/03/how-to-get-rich-and-stay-that-way/comment-page-1/#comment-3098 Manish Sat, 06 Mar 2010 17:17:18 +0000 http://www.subramoney.com/?p=3286#comment-3098 Subra Nice article . What are nifty linked debenture .. heard first time :) Manish Subra

Nice article . What are nifty linked debenture .. heard first time :)

Manish

]]> By: subra http://www.subramoney.com/2010/03/how-to-get-rich-and-stay-that-way/comment-page-1/#comment-3095 subra Sat, 06 Mar 2010 07:08:49 +0000 http://www.subramoney.com/?p=3286#comment-3095 Aniruddha, My apologies if i have oversold / missold. However somewhere in my blog i have said a 'good financial planner' is like Santa Claus - a fictional character. Normally it is a chemist with a white coat - if u think of him as a doc, that iS YOUR PROBLEM. by the way..maybe there is an angle. Is it possible that they make me a GRANDFATHER....ha ha ha. I cannot (ok will not) afford the annual charges for being a grandfather. I will let my daughter make me a grandfather. Aniruddha,

My apologies if i have oversold / missold. However somewhere in my blog i have said a ‘good financial planner’ is like Santa Claus – a fictional character.

Normally it is a chemist with a white coat – if u think of him as a doc, that iS YOUR PROBLEM.

by the way..maybe there is an angle. Is it possible that they make me a GRANDFATHER….ha ha ha. I cannot (ok will not) afford the annual charges for being a grandfather. I will let my daughter make me a grandfather.

]]> By: Aniruddha http://www.subramoney.com/2010/03/how-to-get-rich-and-stay-that-way/comment-page-1/#comment-3094 Aniruddha Sat, 06 Mar 2010 06:58:47 +0000 http://www.subramoney.com/?p=3286#comment-3094 Going by this theory Financial planners should be the richest people on the planet !! But then again the good degree requirement may become a problem for them as well !!! I fail to understand why financial planners (I am yet to meet one of these species) are being sold so much my this otherwise good blog in almost every other post ? Going by this theory Financial planners should be the richest people on the planet !! But then again the good degree requirement may become a problem for them as well !!!

I fail to understand why financial planners (I am yet to meet one of these species) are being sold so much my this otherwise good blog in almost every other post ?

]]> By: Ganesh http://www.subramoney.com/2010/03/how-to-get-rich-and-stay-that-way/comment-page-1/#comment-3093 Ganesh Sat, 06 Mar 2010 03:56:17 +0000 http://www.subramoney.com/?p=3286#comment-3093 Subra, I have a couple of questions 1)Does a financial planner guide on which specific stock to invest in? And possibly timing too?. ( Its not that we should blindly go by that. But there are so many stocks out there and we don't get time to study them. If a FP recommends some stocks, then we can do some homework on these stocks (like balance sheet, earning etc) and then decide. 2)I would like avail the services of a FP. By any chance do you do that?. I am not sure if you are based out of Bangalore. Can this be done thru online or do u think in person interaction works better? Thanks -G Subra,
I have a couple of questions
1)Does a financial planner guide on which specific stock to invest in? And possibly timing too?. ( Its not that we should blindly go by that. But there are so many stocks out there and we don’t get time to study them. If a FP recommends some stocks, then we can do some homework on these stocks (like balance sheet, earning etc) and then decide.
2)I would like avail the services of a FP. By any chance do you do that?. I am not sure if you are based out of Bangalore. Can this be done thru online or do u think in person interaction works better?
Thanks
-G

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