Do you lend money to friends? How do you react when a friend asks for money? Thanks to banks giving loans literally for everything – personal loans, car loans, home loans, these days the number of people asking for loans has gone down. However at one strata of society it is possible that people come […]
Only thing about markets is NOBODY knows what will happen in the future. Some of us sound like a genius by saying the same thing again and again. Some other brave fools go to the roof top and say ‘Market will go up 22% this year’ and the market makes them look like fools. However, […]
US Fiscal Cliff simplified for everyone. This puts things into a much better perspective as to the present US economic situation.. Lesson # 1: * U.S. Tax revenue: $ 2,170,000,000,000 * Fed budget: $ 3,820,000,000,000 * New debt: $ 1,650,000,000,000 * National debt: $14,271,000,000,000 * […]
A promise is a promise….! So here is the first installment in how to read financial statements…. Let us start at the very beginning….when a company files its Annual Accounts it files the balance sheet, Profit and Loss account, auditors report, directors report…ARE THESE TRUSTWORTHY? Well they are as trustworthy as your OWN CV. […]
When the father of a girl called me to ask about a boy (marriage reference), I said nice, glowing things about the boy. Fairly obviously I knew the father in a professional context, the girl in a social context and the boy was working for a company owned by a friend. I did not […]
Srikanth Meenakshi of Funds India and the new author Ranjan Verma are having a Great Debate on Mutual funds vs ULIPs, and I have read both their posts. R V is an ex LIC person so to the extent that he believes that ULIPs are better, and LIC ulips are best is a fair […]
I get this question so often…and I have written about it too in the past…but here once more. Whether to repay off a home loan or invest the money in a retirement fund is a question which is IMPOSSIBLE to answer without knowing the full facts. If a person has a home loan on a […]