a hypothetical letter to my hypothetical client. Any similarity to something like this already written by somebody is a sheer accident. Hello Mr. Client, Sebi has vide its circular said I have to tell you all the earnings that I have from your account. I wish they had said that mutual fund houses should […]
Planning to do a series of articles on Couples and Money. I do not wish to see how many articles, but this is clearly one of the earliest. A couple may fall in love or have an arranged marriage, but they surely meet before their marriage…so these are things which they should surely talk about. […]
Imagine a person going on a longish journey…say a 3 hour bus journey from destination A to destination B. His aim is obviously to get a nice seat, preferably a good cushioned window seat in the front part of the non air-conditioned bus. In reality Mr. X gets into an extremely crowded bus, and he […]
No health deteriorates overnight. Sure we have heard of cancer, liver and kidney failure – but there are always some signals. Ignore them, and you are dead. Literally. Similarly are there some signals that you can pick up from a business that pre warn you about failure? Well here a few that I remember from […]
Here are some axioms, sayings, postulates, ….which people use (well almost indiscriminately) ..let us see if we really do understand what it means? 1. Mutual funds are professionally managed. 2. This company is professionally managed. 3. You cannot look into the rear-view mirror and drive. 4. To spread the risk, it makes sense to diversify […]
We want a swanky airport like New Delhi. We tell our friends Delhi airport is better than…..name it and it is likely to be true. However if DIAL were to levy a Rs. 350 levy on passengers, we do not wish to pay it. We want good, swanky, financial services companies – mutual funds, […]
First of all get the basics right…Retirement is expensive, EARN it only then will you deserve it. Even if you plan to retire at say 58…it is not too early to start planning for it when you are say 50 years of age. It is necessary to find something worthwhile to do. It cannot […]