If you went back in time, most ‘middle class’ people were spending a big fortune of their income on ‘essentials’. Imagine in the 1980s – a person earning Rs. 5000pm (almost a HUGE salary!) – could have been spending Rs. 2000 a month on household expenses. This was about 40% of the take home salary. […]
Just finished watching a TV serial (real life program I believe) called ‘Crime Patrol’! One Nationalised bank had opened a bank account – without proper papers, and not remembering the basic Anti Money Laundering lesson 101. The story is very simple, but shocking. There is a death claim which is fraudulently encashed by a Branch […]
I am a direct equities guy – and most people reading my blog know that. So it is natural for them to expect that I would give tips on my blog. No, I do not. That you know by now. Also my tips are completely useless because most of my purchases are dated ‘Forever’ so […]
tuesday….the day after Mahashivratri…will be on Cnbc awaaz along with Swati Kumari answering questions on INvesting..in Hindi…..
A few days back Safalniveshak posted a comment saying his friend’s father was cheated by an agent who had sold him 192 schemes in 192 folios. He called it bad and disgusting. Let us look at the whole process. A mutual fund or a life insurance company gets a LICENSE to do business in their […]
Recently heard of 2 frauds in companies lending against gold…. One of the biggest risk in a single commodity lending is the risk of that asset falling so badly that it creates a lot of NPA in your books. Now the lovers of gold will argue till the cow comes home that this cannot happen. […]
I remember a few incidents very clearly. A friend was admitted in hospital for a heart ailment – and he was young at 32 years of age. The doc saw the patient and said ‘Oh it is a weight problem’ …then he saw the parents of the friend and said ‘Oh weight is a family […]