I recently met a 75 year old person who was saying that a 50 year old needs about Rs. 2 crore to retire (at age 60 years), and not a figure of US $ 1 million. In fact he said that even Rs. 2 crores is too much, actually Rs. 1 crore is enough. If […]
Many people have wondered how to build an investing community. Most of these ‘builders’ would have some motive to build such communities – normally to sell a product or a service. However, over the past 2 years or thereabouts there has been a silent movement …one of them is Asan Ideas for Wealth. This is […]
When you speak to fund managers – especially working in big fund houses, you realize that some of them are jealous of us as individual shareholders!! Let us look at some of the cribs from a guy I met recently: – individuals do not have to deal with trustees and directors (absolutely true: In this […]
There are many symptoms of a failing business – and to find the ’cause’ and ‘effect’ is not easy at all. Here is an attempt based on knowing about 2 dozen entrepreneurs – many successful, and a few failed ones. Sadly there is not enough research about these failed guys who had to be supported […]
By now Deepak Khosla’s case in Delhi High court has been splashed in all papers…and of course the net also has the details. I am not here to argue about the merits of the case. Does not matter…but let us look at the Ordinary Citizen – means you and me. I have been asked the […]
Amazing to see how people call / sms / mail me asking the following questions: 1. Where is the economy headed in the next few quarters, years, etc. 2. PPF is tax free what will be taxation when I withdraw in 2024? 3. Where is the Chinese economy (xxxx – replace with whatever) headed over […]
In the year 1800 the average life expectancy in the USA was about 40 years. A kid born in 2014 in the US is likely to live till the age of 82 years. In fact the probability of this kid reaching the age of 100 years is very high. Obviously retirement planning was not much […]