When you write a cheque it is either an expense (or repaying a loan for an expense already incurred), an investment or it is a sunk cost. Every rupee that we spend gives us something – happiness or experience! We need to see whether it is a sunk cost or whether it is an investment. […]
When i use the word financial porn (origin is much older than Subramoney, I did not coin this word)…people are amused. Then I spoke to a clinical psychologist and he said ‘see how many people are addicted to financial porn’ ..I really do not know the symptoms of any addiction, but here I am testing […]
Why did I use the word Retirement Planner and not Financial Planner? Simply because these days the terminology is changing and changing fast. Soon you will find Retirement coach, retirement planner, retirement communities, …remember in 20 years from now we will have the highest number of people over the age of 60 in the WORLD. […]
How should you talk to girls – I mean kids below say 10 years of age? it is difficult is it not? when you see a 2-4 year old you end up playing with them (well that is what I do)- so really the gender does not matter. What about the 6 year old well […]
You had 100 US $ to invest. You were about to leave on a journey – it was uncertain where you were going. It was an army expedition. You did not know whether you will come back. Your brother also came along with you. He too had the same amount. He too had to invest. […]
Every month at least one or two Chartered Accountants / Investors call me asking “I have a client (father / mother..) who died recently and has a big bunch of shares / mutual funds / etc. will you please tell me if there is some service provider who will sort it out?” And my answer […]
Am I an average investor? Well it depends on the group that I am with. There are groups where in a bell curve I would be at the left most, and in certain other groups at the right most. The smartness lies in choosing the correct group! However, I am more concerned about whether I […]