Have you wondered why compounding works? Because most people who have passed 7th standard ‘think’ they understand compounding, but many do not. In July, 2006 I had done an article for rediff.com ‘How to become Rich with just Rs. 100″. I have no clue as to how many people read this article – it is […]
Most people I know pay taxes and also file tax returns. However to say that they file taxes honestly is a little difficult to say. As a social psychologist if you do analyze why people do not pay taxes, the following seem to be the reasons: a. Does not seem reasonable: Why should I pay […]
If you have seen all the news items about ULIPs, other life insurance products, etc. you might have suddenly thought that life insurance business is not profitable. Banish that thought. It is very profitable – why do you think all foreign players are trying to get in? So here is the reason: Cost effective distribution […]
O M G!! You are saying good things about mutual funds?! This was the reaction of about 40 people I met last fortnight at a ‘pre-wedding’ food party at a Gujarati friends ‘so called’ party. The food was amazing and for a non 5* setting Rs. 1900 per plate was what I thought well, too […]
There is an old story of 2 cats getting a piece of bread to be shared amongst themselves. Since the cats did not know how to share it, they decided to go to a monkey. The monkey agreed to play the arbitrator. He breaks the bread into two pieces – then he finds one is […]
It is quite surprising that there is a BIG rich much higher stake financial stake life insurance industry which is being made to look like a villain. The Mutual fund industry is supposed to be a good one which charges much lesser than the life insurance industry. Amusing. Ask a distributor, it is far more […]
On the 150th birthday of Rabindranath Tagore, here is a poem which all regulators in the world could use! Deven Your comments? Obviously it is Tagore’s most famous offering – Mind Without Fear (Gitanjali). It is of course inspiring. Words in brackets are mine… Mind Without Fear Where the mind is without fear and the […]