You got lucky. You just got an inheritance of Rs. 30 lakhs from an rich aunt about whom you had (stupidly) forgotten. What will you do with it? Here are some sensible tips: As soon as it comes move it to a liquid fund…and let it remain there for 45 days for a start. Then […]
I have had the luck of dealing with many kids doing their investing. So I see a huge variety of kids. Let me describe some of them.. One girl from a very low income background kept saying ‘Mutual Fund Investing is subject to Market risk’ she never understood the risk of NOT investing. All her […]
It is fairly obvious that marriage is a big, huge commitment. However, it is at least reversible. You can get out of a marriage. Having a kid is a completely IRREVERSIBLE decision. So do think hard, real hard before you have a baby. Both you, your husband, and the people’s support you ABSOLUTELY need have […]
When people buy expensive things (by their own standards) they justify to the world (more importantly themselves) saying ‘It is an investment’. Please do not say that. That Rs. 5400/- shirt, the Rs. 7999/- leather shoe, the golf membership, Golf kit – maybe they are useful and you need it, but stop calling them investments. […]
Sir I have read your blog…I like it. Me: Thank you He: Sir name some more personal finance blogs in India. Me: There are none. I mean I really do not know blogs who do not sell something or the other. I peddle influence. He: Sir, are you a Chartered Accountant? Me: Yes sir.. He: […]
When we used tho run a brokerage outfit (a decade and a half ago) we had to do a credit appraisal of all clients – and do it regularly. Our Chairman had a simple yard stick – a guy who came in an Alto would get whatever credit he asked for. However a guy who […]
This is surely an attractive title…but Suzie Orman says she has a Money book for the Young, Fabulous and Broke! So this cannot be a title for my book… Now what is young? Young is what young does! So young is somebody who is 10 years younger to me and old is somebody who is […]