Capitalism is when the capital provider works in the business and wants to CONSTANTLY increase its net-worth by honest means so that he can bequeath it to his children, grand children, great grand children…and all of them take the same view. However if you have people who are ‘building a business to sell it off’ […]
I am asked this question a million times, and I have always given a sub optimal answer! Frankly I do not know whether a person needs a financial planner or not. A financial planner has so much of responsibility and work to do that he/she does not do it! In fact I do not know […]
Not sure how many of you read about the prosecution of HSBC in UK… Whenever I speak to big branded banks they tell me how – – they have a fantastic risk profiling process – due diligence done on all products, issuers, exchanges….blah, blah, blah – how the client has to sign off on all […]
Well let us look at the Indian market from a foreign investor’s point of view: Indian markets (as also China) is down by 18% over the past one year. If you are a foreign investor add another 14% of currency depreciation. It is not a pretty picture, correct? It must have been quite a […]
When I wrote in 2006 ‘you should take a term life insurance of Rs. 1 crore’ many people wrote to me saying: – he must be a life insurance agent – this is not for the middle class…how can we pay thousands of rupees premium? – if we put all our INVESTMENTS in life insurance, […]
You walk into a life insurance company and buy a life insurance policy for Rs. 7934/- per annum for a Rs. 1 crore sum assured. The company accepts the cheque and asks you to go for a medical test. What are the scenarios that can happen? Best case scenario, they can say, yes you […]
No, nobody likes to talk about death. But people have to die, do they not? Even Devanand had to die! http://www.subramoney.com/2010/06/if-you-died-tonight-what-will-your-family-do A long time ago I wrote a piece ‘If you were to die tonight what would your family do?’- here is the link http://www.rediff.com/money/2006/may/10perfin.htm My question to all readers is to take some time […]