No I am not getting into what Salman Khan did to Ravindra Patil…but just reinforcing some Indianness : 1. If you are a small constable, you should not fight your superiors: Patil spoke the truth. For that he was prosecuted by his own department. The Judiciary hounded him, his family abandoned him, and some people […]
Reliance Mutual fund recently did a survey about the Retirement habits of Indians….and here is what I read from that (this is based on a Morningstar summary, I have not read the original survey report). People are worried about retirement and RETIREMENT PLANNING IS a top financial goal (46%). Nice, nice if you are a […]
What are the normal Retirement Mistakes that I am seeing very regularly? 1. Not working to a Retirement Plan: I am surprised at the large number of people who have no Retirement plan. Their refrain is “we will not live long like our parents”. Fine, I am sure you plan to die at 65….just in […]
Too many people are looking for a magic wand which will help them retire early. Retire here means you stop NEEDING to work for money. You work because you enjoy your work, not just to pay the EMI on some nonsense that you have bought. Step one is to want less. You need to live […]
I remember at a Icici Pru Amc sponsored training program…Naren said “If you are like Subra and me…you have been in equities long enough to know that volatility is part of the market and you have to know how to use it…so if you were investing when everybody else was panicking..that itself was enough to […]
One very important reason for people to lose money in the stock market is SELLING WHEN YOU ARE FORCED TO, NOT WHEN YOU CAN. Let us see what went wrong with one of the portfolios that I used to know. The client was very conservative and had built a good portfolio over a long period […]
Are you wondering what is emotional investing? Well when you confuse luck, power of compounding, patriotism, nationalism, being a good doer…..and think of all of this as investing!! For example if I say “Reliance has done nothing for its shareholder” I MEAN EXACTLY THAT. People get excited and say the following: 1. it is difficult […]