One professor of a college wrote into a leading personal finance magazine: “I do not agree with you…Equity is not a great investment. The Sensex started in 1978 at a base of 100 and in 2007 reached 20,700. This means 207%. Now this means it has given a CAGR (think compounding!) of 6.9%. We could […]
When a friend who has Rs. 3 crores of aum says I need to create an income stream for my parents what do you do? worry about the loss of aum? suggest a MIP with 10% equities or tell the truth – the Senior Citizens Saving Yojana – now made convenient by being able to […]
This is too attractive a title for you not to read it, correct? Welcome. I have no clue when this will happen, but it will surely happen. In 3 years, 5 years, 7 years….? no idea. We are in what is called the second phase of a bull market – and you can find skeptics […]
A good question. Let us start at a very different place. Have you ever searched for tickets on the net? On many travel sites? Have you got DIFFERENT answers? Different prices? Have you noticed that many websites behave like Indian Airlines (Air India?) does not exist? And in many places they are CHEAPER than the […]
A few days ago I did a post on how to invest in a mutual fund Offline, today will tell you how to do it Online. There are a few ways how you can invest in a mutual fund online. 1. You already have an IFA (and you think he is adding value to your […]
The headline of this posting is so great that it may take all of us a long time to understand it. It was said by..Mahatma Gandhi a.k.a Mohandas Karamchand Gandhi or Bapuji. Just reflect on this line – it is so true. If you are a vegetarian no amount of coaxing can bring water to […]
It is very difficult to understand product pricing in Mumbai. One doctor in a Mumbai suburb recently sold off his practice – well he actually sold off his shop. It is not a very big shop…and now an ice-cream parlor has been set up there. Got chatting….with a couple of friends and found that the […]