One young girl called me to say that she is going to change her adviser because he lost money for her. Great I said. She sent me the details..yes of course she had lost money in the past 7 months. About 1.8Lakhs. Not a small amount at all..on an investment of about Rs. 15 lakhs. […]
When Iam asked them the following questions..I am convinced that people have been watching a ticker channel…. should I do direct investing or through a mutual fund? How much debt is too much debt (watched late night / early morning Suzie Orman repeat) Should I invest through an index fund or a managed fund? Do […]
When I speak to people I ask them some very pointed questions. Yes it does make them a little uncomfortable, but I get some amazing insights. Here is one. My Question: What is that one thing that can derail your wealth creation process? IN case you have not asked yourself this question, first try to […]
If you are not sure whether you are saving/investing ENOUGH for retirement, you are NOT. If your age is about 30 years now, be ready to cross 92. Extremely high probability. One way not to worry about retirement is of course to die early. Sadly euthenasia is still just being debated. If you do not […]
When I am preparing for a race, I do make very ambitious timetables. When a sales team is asked to project, they make very high projections for years 2, 3, and onward. Many people are happy to give up some addiction ‘from tomorrow’. In normal parlance it is called ‘being clear about a virtuous tomorrow, […]
I know I might get lynched if I answer this with a straight, clear ‘yes’ or ‘no’ but that will mean I will be going away from my trademark style of just asking questions. So let me not answer this question at all. Let me just tell you things from my experience and why I […]
What is Income? and what is Increase in Net worth? Well when a company earns money it reduces depreciation from its Profit and Loss account, and pays taxes and the balance is used to increase its reserves. Assuming it pays no dividend, the NPAT (Net profit after taxes) is added to its reserve and its […]