Oprah Winfrey has given a nice speech – and this is the portion I liked: “When you’re doing the work you’re meant to do, it feels right and every day is a bonus, regardless of what you’re getting paid.” It’s true. And how do you know when you’re doing something right? How do you know […]
Here is a very, very old idea. Whenever people ask me how to reduce losses in day trading, futures, options, or once upon a time the old fashioned badla, I always used to be stumped. My logic was – if you do not know the downside, any business is too risky, is it not? The […]
There are many reasons why you need to plan. Let us enumerate some of them: To protect you and your family against financial risks – financial risks include early death, critical illness, accidents reducing your ability to earn, living too long, etc. To reduce or eliminate personal debt – too many people spend with money […]
Are you in Denial mode regarding your retirement financial needs? I cannot comment for every one, but too many people are in denial about their financial needs for retirement. Most of us do not want to accept that we will buy 3-4 washing machines, air conditioners, refrigerators, maybe about 2-5 cars, at least one or […]
The distributor of financial products – Call him an agent, advisor, consultant, …or what have you, but he is representing the manufacturer and has a role to play. Clients should expect good quality feedback on the happenings, not necessarily express speed. All websites today carry an article on the RBI rate policy. Expect a detailed […]
To do charity you need to have a heart. Once you realize that you have a heart, you can give. I have always felt that it is easy to give what you have (goods) rather than the money that you have! That is why it was easy for EID Parry to give a temple all […]
This is the time that most retail investors lose patience, panic and hit the sell button. If you did that, you may not be wrong. But then you may not be right either. Remember the best money managers (no not a businessman like Warren Buffet) have done well by protecting the downside in their clients […]