The whole theme of Subramoney is aimed at Freedom. Financial freedom is just one of them. Freedom from needing a financial planner. Freedom from needing a doctor,……..the list is endless. The most important step towards this is cleaning up – 3-4 schemes, one term insurance, home loan paid off, funds redeemed to pay for a […]
Over the last 3-4 years of writing, people have called me cynical and suspicious. Honestly I do not have the energy or willingness to attack that label or defend that label. Frankly it does not matter…however let me clarify that there is not a single incident which I have written about, UNLESS I KNOW that […]
Learning about how to handle finance is so damn complicated that no school or college wants it in its syllabus! Most of what people like me write are anecdotal – it is not easy to just copy. For example if I say buying good MNC shares in the 1977 compulsory listing would have been […]
If your biggest buyer buys 80% of your production, he can control price. Economics 101. So Mr. P Chidambaram, the single biggest borrower wants to reduce borrowing costs. Nothing funny or odd about this, right? Well he borrows in many, many forms – and Indians (like many people around the world) LOVE ‘government guaranteed’ kinda […]
I happened to meet a lady who is an IFA. She has been selling LIC policies for the past 10+ years and has also added mutual funds, government schemes, general insurance, to her portfolio. She lives in a society that has about 130 houses and many of them are her customers. She does not […]
Ayn Rand died a few years ago, but has a fan following till date. She was one of the champions of capitalism – it will not be wrong to call her the Karl Marx of capitalism! She assumed that industry will behave well (after all it is in the industry’s interest that people live long, […]
There have been many a study on financial illiteracy…and the conclusions are clear: a. Financial literacy will ensure that there are far lesser number of financial frauds. b. People who are financially literate will (hopefully!) ask for simpler and better products c. If they buy through an intermediary, they will ensure that the product is […]