There is a difference between a physician and a surgeon. A physician gets more time to think about a problem, seek counsel, do tests, and then arrive at a conclusion. However for a surgeon once the conclusion is arrived at, he has to implement the process. Both are very difficult jobs. However, the surgeon has […]
At one of the doctor conferences I met a well informed doctor who asked me “Subra I am planning to put Rs. 1.5 crores in xyz large cap fund, and Rs. 1.5 crores in a LIC annuity” will this be sufficient for my retirement.if I retire today (age 55) or say at age 65 years? […]
I was sitting with a friend in a Mumbai house and he got an American visitor. We exchanged pleasantries and did some US bashing. He was happy to do DT bashing – he started it. He then went on to do some USA bashing – not very rare these days. He was talking about how […]
Meeting many doctors helps. More than the class it is the post lecture lunch where more truth is spoken. Like they say more truth is spoken at the hotel bar than ever at the court bar! So here is a summary of what I have heard over the years….funnily some are contradictory – showing that […]
I am asked the following questions while on air or in the blog…or in a class room…and I seriously have only one answer… What are the questions? I have 30k to invest where should I invest? I have sip in …..xyz fund, abc fund, def fund,….is this good? I need Rs. 100 L for my […]
Sadly Indian research on people’s spending habits is not available. The Americans have some numbers which are completely useless for us. For example you will find a number of 70% – in retirement you will spend 70% of what you spent in the last year that you were working. IN American language it means the […]
A few days ago I wrote Job or business – part 2….here is the part 3 Look at Risk Reduction techniques The most important thing that a business does is to create different streams of revenue. Even when you have a job you have to (must) create different sources – dividends, rent, interest, side business. […]