Who or what determines interest rates. Too many people think that it is the RBI decides where the interest rates should be. THAT IS WRONG. The RBI only determines the rate of interest in the over-night call market. RBI also signals the long term rates by issuing G-secs. However if the Rbi gets very ambitious […]
Doctors are not trained at all in money management. So when the qualify they start earning and need to invest they really do not know where to turn. Here the problem starts. They forget that investing is a science too. Exactly like their profession. They think that somebody will come to them..and once they give […]
One of the risks while in Retirement (and the main reason why SWP does not work) is ‘Sequence of Return Risk’. This is the risk of the difference between finishing your corpus before you die (disaster) and leaving a nice fortune for your heirs (desirable but not necessary). So if you retired in say 1991 […]
Imagine somebody referring me to Rahul Dravid, Saina and Prakash Padukone and asking me to invest their money! I would have spoken to them and found that a) they had a lot of money in LIC policies and b) they had a limited earning life and a long living life c) even after retirement they […]
I have met many rich and successful people..and I have defined rich and success very loosely. Was not sure how you define success. My definition is “Happy people looking radiant, never lying, passionate about clients and generally about life”. Money, of course is incidental. So it is not courage, money, drive, growth……it is passion about […]
a young 28 year old boy gets married to a 28 year old girl – both childhood classmates. Both parents oppose the marriage, it is an inter-caste marriage. Marriage is solemnised by friends and they get married. Both are happy, and on a honeymoon. There is an accident. Boy dies. Girl has 90% burn injuries. […]
As you move on in life you would be able to sit back and look at how your life went. To some people you owe a lot – they gave you good advice – but some people gave you awful advice. Here is summarising some of the awful advice that I received. Please feel free […]