Many people underestimate the hurt that taxation causes to their investment. Let us take an example. If you invested Rs. 100,000 in a RBI bond which pays 8% p.a. before taxes, you will get Rs. 8000 as interest and assume you pay 30% tax you will be left with Rs. 5600 at the end of […]
If you have been educated in Mumbai you would have paid a pittance for your school education in the ’70s, ’80s, ’90s and well even in 2009. Well my father did his schooling in Mumbai and paid Rs. 5 (1935 – 1945) my mother paid about the same in 1952. Then time stood still. My […]
The power of compounding – inflation is negative compounding! Over a long period of time all things get expensive. Remember the first time your mom sent you alone to buy bread? What was the price of bread? Re.1? Rs. 4? – well today it is Rs. 20. That is inflation. I remember my Dad topping […]
How many of you have grudged your friends who say “My father had bought a flat in Santacruz for Rs. 200,000 in 1977, now it is worth Rs. 20,000,000” – surely you felt pangs of jealousy did you not? Did you think…if I had this I could have retired instead of suffering this boss? You […]
Gallup had done a poll in US to find out the attitude towards retirement. Here is what they have to report: “A majority of non-retired Americans now doubt they will have enough money to live comfortably once they retire, representing an 18-point drop from just five years ago. According to the Gallup’s annual Economy and […]
There are many people wondering whether this is a bear rally or a bull rally. Unfortunately only with time can one say whether the recovery will be V shaped, U shaped or L shaped! There are many fantastic signals to say that this is a bull rally. ONe is the sharpness/ shrillness of the ‘pyt’s […]
When it’s time for you to retire, will you be able to afford it? Every person you see working beyond the age of 59 is worried about his or her retirement. Almost all the research conducted on the subject over the last few years shows that most individuals are unable to demonstrate financial readiness for […]