I can now say it. One amazing mistake that I had made in recent times was with respect to an old Life Insurance policy (taken in 1988 by my wife -4 years before our marriage). It was a 30 year Classic Endowment plan. No that was not the mistake. This policy had my mother in […]

I wonder whether I am writing a lot about mistakes…but that is the way to let people know what they should not be doing. Rather a way of learning from other people’s mistakes… I wish I had started saving earlier I wish I had started investing the saved amount earlier taken medical insurance when I […]

Met a very big retail investor (aka Rs. 70 crores in equity investments) and realized that he had simplified his investments pretty well. He was down to some debt investments – in a 2 year duration debt fund with Growth option, approximately 17 direct equity investments, one credit card, one debit card, and a couple […]

‘Subra if we break the wall….you will get another 10 sq ft’. I remember the Interior decorator telling me. I asked him ‘how does an extra 10 sft impact my life’. He had no answer. When we are given a choice we struggle to choose. The capitalist assumption is that a bigger car, a bigger […]

Which are the successful habits of the rich which are worth learning? Focus Persistence Patience Client focus Gratitude Lets concentrate on each one of them. I feel the toughest to learn is patience. It obviously takes time to learn patience!! FOCUS: clearly you need to be focused on your goals. If your sights are on your […]

If you are a mutual fund investor and wish to be well organized DO THE FOLLOWING TODAY: Make sure that ALL your investments have a nominee. EVEN if the units/shares are held in a joint name. Make your brother/sister/ son/ daughter/parent – as appropriate the nominee. Shift from dividend option to growth option – you […]

As I meet older and richer people I am seeing that money is not really acting as an incentive for too many people. In fact now I know many people who do work where MONEY is just seen as a necessity to keep the ‘business’ going, but profit is NOT THE INCENTIVE. Difficult to believe? […]