The Mutual fund industry is governed by SEBI. Great, So SEBI governs who can manage money. He should not have committed too many crimes (especially in the finance kind) and they get a license. Some famous names: Sahara, CRB, Peerless, Shriram, well what more to say? Some which refuse to grow up: Escorts, […]
You and your spouse are contemplating retirement, what are the important things to do? Well let us start at the very beginning. Assuming that you are Doing It Yourself, or you have an adviser (but you are not sure of his competence) it is time that you take charge. First and Foremost go into a […]
I do not know about you but when I think of gratitude, I do not have to think too hard. Of course I have great parents, sibling, awesome cousins, nephews and nieces, uncles, aunts, friends….but it is to God that I turn whenever I am filled with gratitude. In 1986 I started my career as […]
Raghuram Rajan is an intelligent man and has a lot of integrity. He stays firm on what he says. The whole of the industry, finance ministry, why even the PMO might want a interest rate reduction. I agree, we need to reduce interest rates. Let us take the case of a 60 year old man […]
Every body has their own strategies, and so should you. This is the essence of investing. What worked for Rakesh Jhunjhunwala may not have worked for Ramesh Damani. Investing is not a race or a competition. You follow your strategy and be happy with that. Just like religion. If I were a religious leader, I […]
You are 48 years of age with 2 grown up children, and you have a huge demand on your money for vacations and for buying gadgets. How do you handle this? You could either do it ad hoc or create a system. Look at what a friend has done. Nice, brilliant system, and I like […]
Here are my observations as to why people do not get rich. Almost all of them will justify their being not well off – I had to pay for my parents expenses, my children’s schooling is expensive, my own medicines,…..blah blah. I find these as rationalisation and the deeper answer lies in the following…. Procrastination […]