For many readers of Subramoney.com it could come as a surprise if I said “Go and splurge”. I try not to write too much about spending, bargains, etc. – I prefer concentrating on the wealth side. However what you ‘feel’ about money is pretty important. So you must go and spend money….BECAUSE BECAUSE BECAUSE you […]
The short answer, as usual is I do not know. Even worse, I do not know anybody who knows anybody who knows anybody who has the answer….so here is an attempt at guessing. At the end of a 25% ride for a year…the market could pause for breath, right? The market is already ahead of […]
Surely you have heard these few phrases…let me tell why they are dangerous: 1. High Risk Leads to High Returns: When I talk about ANYBODYs portfolio in a class one student will say this “high risk, high returns”. In most of the portfolios that I have reviewed there has been RISK ELIMINATION, not risk embracing. […]
How much of life insurance do you need? Insurance agent: Sir you need 15-25 times your income. As your current income is Rs. 50,00,000 I would suggest about Rs. 7.5 crores of income. Very good. A 55 year old man is being pitched about 4 crores of insurance (assuming he negotiates). Premium Rs. 3L per […]
First of all let me tell you that I have medical insurance. I have no clue whether it will pay, how much it will pay, on what basis will the calculation will be made….literally NOTHING. Why do I still have a policy? because it keeps my mind calm. Why do Indians not like it? 1. […]
How much you earn is important, of course, but what really decides how much wealth you have is a function of your asset allocation, early start, being able to sit tight – over long periods of time. Let us accept one very important aspect of wealth creation: IT IS SIMPLE. However it does not mean […]
The investor mistakes are just too many and to me everything looks major. Let me tell you the few that bother and bug me. Not because it hurts my portfolio, but I am at the receiving end if the person is known to me: 1. Going for a walk with the wrong person: People start […]