For all those people who think that doing business in India is worthwhile because we are an inexpensive destination, please think again. Let us go to the basics of Economics: there are 4 factors of production needed for an enterprise – land, labour, capital, and entrepreneurship. Land: by no stretch of imagination is land cheap […]
This is not a financial post, so what is it doing in this blog? Good question, but I felt that a question like this has a tremendous impact on your portfolio too. Taking your eye off the ball for a long time can create havoc with your portfolio. That could be scary. Grief takes a […]
Good morning Mr. Subramanyam, this is Mr. A Saxena from Metlife Insurance company, can I speak to you for 5 minutes? Me: Yes please go on… Saxena: Sir you have 3 policies of Metlife which has expired, and ML has returned only Rs. 25,000 to you. Actually you have paid Rs. 125,000. We found that […]
I have been asked this question a million times, and I have said NO a million times. However, like all personal finance (and especially life insurance) topics there is no straight forward answer. So let me start by saying NO. If your children are young, and dependent on YOUR income they do not need any […]
A very good question which some of the more articulate kids ask me. A fair question too. Your father is a very successful professional, your mother is in a senior position with an MNC. Your wife’s parents have a business background and are very successful in a well established business. Should you save 50% of […]
Money laundering in India is not a very difficult thing….it could be complicated yes, but not difficult. Also there are many things that you can do with the cash. You could buy tiles for your house, furniture, eat in expensive restaurants, hire a car, air travel…..but beyond an X amount of money that you need […]
Well I have no connection with the regulator unlike some of my esteemed friends. The regulator does not know me, and I doubt if he knows of my existence. I doubt it. So chances of him calling me for ideas about how to simplify the mutual funds for the common man are not just remote, […]