Subra…I bought this house for Rs. 42 lakhs about 8 years ago now it is worth Rs. 80 lakhs…It has almost doubled. So Subra using your Rule of 72…I have got a 9% return..this is fantastic is it not? In the share market I could not have got this much, right? I said…not so quick […]
Suppose you have bought a policy from one of the life insurance companies (classic endowment) and wish to surrender it, what do you do? Go to the life insurance company and say “i wish to surrender this plan please”. They then follow a very complicated path and tell you how much they will pay you. […]
If I did not know how the government works (no even now I do not, but some readers may think I know), I would have believed that the brokers association has done a good lobbying job. That does not seem to be the case. However the RGESS (Rajiv Gandhi Equity Saving Scheme) is likely […]
At what age should one retire? How much money should a person have for retirement? Is retirement an age or a sum of money? Are there any great activities that I love to do which is PULLING me towards retirement or is the calendar PUSHING me towards retirement? These are questions that an individual […]
When a banker aged 58 buys a UNIT LINKED PLAN…do you feel sorry for him or say ‘well all your life you did to your clients did you not?’. A banker spends all his life dealing with legal documents, he knows the value of the signature that he puts on the paper, correct? He is […]
Let us look at 4 of them: Reliance Power ( P/e of 81, obviously not paying dividend) or Tata Power (p/e of 20 and dividend yield of 1.35), or Ntpc (p/e of 13 and div y of 2.62) or Nhpc (p/e of 8 and div yield of 3.31). could not decide, but told myself when […]
In 2008, GE was desperately calling the US Finance secretary to say ‘we are about to default’ AiG was bailed out so that Goldman Sachs could be saved AiG was paying its traders (hold your breath 30% of Revenue) for bringing deals, mind you not a %age of profits, but gross revenue JP Morgan, Morgan […]