A tells B – if I have 2 houses, i will give you one. If I have 2 cars, I will give you one. However if I have 2 shirts, I will not give you one. So B asks him – ‘Why are you saying that?’ A says ‘Because that is what I ACTUALLY HAVE’….. […]
I have been hearing from friends about good real estate deals in US and UK. Not that real estate there is a good deal or a bad deal, but when you compare it to Indian prices, it surely looks attractive. It may also be some kind of a protection for people investing only in India. […]
Two mutual fund agents had similar stories to tell. Am not sure whether other IFAs too have a similar story to tell, but here it is.. I F A grievances: 1. Clients are short term pleasure seekers: both the IFAs have been in the business for more than 10 years and have upwards of 500 […]
A few years ago there was a run on a bank…surely nobody wants me to name the bank, correct? Well I will not. RBI went out of its way to rescue it. When I was talking to somebody in the management of that bank, he said ‘It is actually RBI’s problem’ – we have no […]
A lot of qualified planners have given the following advice to a few people who have written in to me..let me summarize a few of them for you: 1. Equity is risky, it has no place in your portfolio. I write so much about equity, I am sure my readers know how stupid this line […]
This Children’s Day, I could have started saying “Pandit Nehru was born on 14 Nov. 1889 at Allahabad. He was fond of roses and children…hence this day is celebrated as Children’s day…!!” I did not do that simply because his family will over do it….even today and the bill will be paid by us… […]
Many people have asked for a follow up on the 15L CTC story…. 1. A planner should plan, not pass value judgement on how the client should behave. 2. To me a guy attending to all temple functions and blowing money traveling to all the temples in India is just as stupid as the guy […]