How to reduce your cost of living The basic needs of man are food, clothing, shelter and circus (entertainment?). However, most of us have today graduated from needs to wants and luxuries. However, when the headline inflation numbers hit 11.9% there is a serious worry about people not being able to meet even their basic […]
Mutual funds are an excellent route to create wealth for yourself. However, they do not come cheap. They have some charges. Some visible, some invisible. You need to be aware of the charges, that is all. Let us look at some of the charges: 1. Entry load: this is charged to pay the distributor for […]
About 20 days back 2 senior politicians told me the trust vote would go through comfortably. One was from Congress and the other from BJP. One senior journalist also told me that the trust vote would go through. However, none of them were correct about the margin of votes. That is the problem about predictions […]
Insurance is mandatory if you have a car! If your car is worth insuring what about other assets ? What about your practice? Your Dentist’s chair? Your hospital? Most doctors need at least some insurance to be in place as part of their overall financial plan. The question is how do you work out what […]
This is not a debate on whether you will live long or not live long. It is simple and easier to assume that you will live long – pretty long if you ask me. If your grand parents are pushing 85, your father is in his 2nd innings, but still holding a job at the […]
When you visit a mutual fund website or a research website you see fund comparison table. This is all the more possible if you buy a personal finance magazine. Then you read them and get confused. One senior journalist told me “If I look at the returns that I have got on my funds are […]
Americans do things in style. So whether it is getting into a financial debt trap, chapter 11 bankruptcy claims, or living far beyond their means, they have a term for all of that. Like subprime. Like lending $700,000 to a person earning $ 17,000 per annum. They create products like “interest only”, “balloon repayments” or […]