I am asked this question everyday…. “how much money do I need as a corpus if I have to retire today?” well if you think you will live 30 years in retirement…you need about 40 times your annual expenses (at retirement age). So if your monthly expenses are about Rs. 75,000 per month when you […]
True or False: Regulators are appointed to: a) protect the customers b) protect the manufacturers c) regulate and develop the industry d) to speak the language of the strongest manufacturer and help the well established ones. Zero marks to people who chose a, b or c. Let us take the Insurance Regulator’s role. EXAMPLE ONE […]
So by the end of January we have made our resolutions, promised to keep them, and have now broken them, have we not? Well what are the major ways a person breaks / destroys resolutions? Not sure about the other resolutions – but financial resolutions are destroyed by the following people behaviour: 1. Missing out […]
A couple of days back (Monday 8th to be precise) I was at my parents house. Suddenly my dad switched on Jaya TV – and I watched the ‘Thuglaq’ annual show – which he does for the Pongal festival. Two great speakers – one was Gurumurthy and the other speaker was Cho Ramaswamy himself. Amazing […]
Are there too many schemes in the mutual fund industry? Well it can be argued till the cows come home. Value fund, growth fund, large cap, mid cap, mid and small cap, large cap value, mid cap value, large cap growth, opportunities fund, special situations, price-earning ratio fund, equity biased balanced fund, debt heavy balanced […]
http://www.subramoney.com/book-written-by-me/ Recently many people have spoken to me about their attitude towards money. In case of people I know for the past 30-40 years, largely the impact of their childhood on their ‘money-psyche’ has been of tremendous importance. Having said that, attitude towards money is not always the same even for siblings. My sister and […]
Once upon a time long, long ago I used to be a fan of Ayn Rand’s books! This must have been circa 1980 when I was a student and believed that there is a perfect world…and it exists in the world occupied by the White Man. It was a time when it was easy to […]