At various points in time from 1979 till today I could have said this and sounded smart. It is always easy to sound smart being NEGATIVE than being POSITIVE. However, to make money you need to be in equities, not in cash. Simple law of life, is it not? So let me tell you – […]

Suppose you bought a share for Rs. 300 (eps 30, pe of 10), and after one year you find that the share price is at Rs. 600 (eps of 30, pe of 20) and after another year you find that the share is at 900 (eps of 30, pe of 30) – what would you […]

The Financial services industry has always struggled with the fee structure. Even now most of the fees is built into the product sale and is not a separate fee. This is sometimes good and sometimes bad – for the customer and for the advisor. When a client has a fairly constant no activity portfolio -which […]

About 3 months ago I decided that I will not do free or subsidized lectures at all. Does not matter who wants it. Just will not do it. Makes no sense. Most of the people who come have been pulled to attend the class. If they are young, they believe Retirement is too far away, […]

Conflict of interest is a big problem while advising – at least this is what the theory says. However I am talking about a slightly different problem. Conflict of what an adviser thinks a client should be doing, and what the client thinks he should be doing. Let us take 2 different cases. One is […]

If I have to go to Bhubaneshwar I am happy to book my flight, and hotel by checking out the rates/ convenience/ timing etc. However when I have to go to Ladakh I prefer using a guide. I am currently using a tour organizer for a trip at the end of the month. So somewhere […]

If I had not called this blog Subramoney, I could have called it compounding. After all I talk more about compounding than about anything else, do I not? So like all of you I first heard of compounding when I was in class 7, but the way it is taught to us, we do not […]