Once when we were looking for a water cooler (to be installed near a temple) a friends’ mother offered it to us. It was a big amount (circa 1985 Rs. 2 Lakhs) and we felt happy that the job was done. When we asked her what name to put on the cooler – she said […]
Either my clients are getting more charitable, or they are asking me for more advice on how to do charity! Recently a friend wanted to invest “so much money, so as to create a Rs. 3.6L income for a charitable organisation” – can you tell me how to go about doing that? My advice is […]
I recently read a small (about 80 pages) report on the Indian mutual fund industry. Most of the facts were well known, but still some were surprising. Here is a small summary of what I found interesting (the whole report is): This was a market survey of 750 investors, 850 Independent Financial Advisors, and 40 […]
Make that first investment; waiting is costing you a bomb! After every lecture on financial planning, I get many requests for information from, young people just starting out in life. Regardless of their age, people do realize that a little upfront planning and action can put them ahead of the game. Therefore, here is what […]
I had put this invite in the month of April /May of 2008. This event will be repeated in May / JUne of 2009 also – hopefully year on year every year….read on…. June 7 and 8 (2008) Nehru Centre, Worli, Mumbai, India will see an unique event for the retail investor. Many fund managers […]
Some businesses are franchises. They have high walls and deep moats around them. Such businesses usually do well in the long run. Some of course create an addiction – ITC is a case in point. Other companies which come to mind are say Wriggley’s gum. When you are spending say Rs. 5 (or Rs. 20) […]
When the guy/ girl selling “financial planning solutions” comes to your house and you happily part with the cheque is it her fault for asking or your fault for giving? This is a question I would like to ask all people who complain “I have been mis-sold to”. It is ridiculous that suddenly a retired […]