I have been asked this question a zillion times and I have answered it a zillion times….so there is a sense of exhaustion. So here is a Buddha Story…… One day an atheist comes to meet Buddha – and he comes early morning so that nobody can see him coming…and meets Buddha. As soon as […]
Will somebody explain the ONE day fluctuation of NAV by -7% followed by a +7% between 28th Feb to 29th Feb and 29th Feb to 1st March… not mentioning the Fund house name…many of u tracking NAV closely may have seen it. Beats me. In a Cap protection plan (i am assuming huge %age of […]
From times immemorial banking has been a fantastic business. Ask the Marwaris and the Chettiars. It is a simple business too. Borrow money at 3%p.a. lend it at 6%p.a. and keep the 3% margins. If I am not wrong it used to be called the 3-6-3 rule of banking. This rule said borrow at 3%, […]
as a writer, blogger, investment adviser, I have searched up and down for a ‘good’ retirement plan. I still do suggest the Templeton India Pension Plan…but at an age over 45 – till then I suggest only a token amount of say 5-10k a month. here Babar Zaidi says something about creating your own plans. […]
This is the year when many of my classmates turn 50. So obviously me too 🙂 Here are my thoughts on preparing for retirement. Many planners who are dealing with people past their earning prime, will benefit to know some of this. In my experience I have found that people who are doing their own […]
‘My Grandson has run up a HUGE debt…fool he is, so I am going to repay it in one shot’…………….said a friend’s father. Chuckle chuckle….DO NOT REPAY the loan I said. I said again R bhai, do not repay your grandson’s debt, it is not worth it. He was really shocked – knowing my anti-debt […]
A few days ago I did a sarcastic article on ‘how real estate prices cannot fall at all’….now I am contradicting myself! Two different stories about real estate deals: One person bought in a upcoming luxury project in year a 4bhk house for Rs. 112 Lakhs in dec 2006. In 4 years time, a self […]