Training as a CA has many advantages (and a few disadvantages perhaps). One of the advantages is you get sceptical about numbers, and you get to question conclusions/views drawn from numbers. I remember one life insurance company giving me their settled claims to received claims ratio. Smartly it included maturity claims, investment products, pension plans….suddenly [...]
I decided to do a series of articles on debt management. How to borrow, how much to borrow, good debt, bad debt, whether to borrow at all…etc. One important part of debt management, albeit at the fag end is the management of debt beyond a particular level. If you have debt of say Rs. 2 [...]
Many things in life are better achieved slowly if you want the gain to be permanent! Does this remind you of another boring task – the process of losing weight? If so, welcome! Investing and money management is a lot like eating. So is losing debt like dieting? maybe…maybe not. Is getting out of debt [...]
http://www.subramoney.com/book-written-by-me/ What is a repo transaction? Every MBA student knows the word ‘Repo’ – however if you drill down and ask for its full form or what it means…you are in trouble! So here is what an MBA student (Finance major) can say when confronted with the question – What is a repo transaction? RE [...]
It is customary for people to give sane advice- if you have a kid, the kid should have a PPF account. This advice makes very little sense. First of all most of the people I meet today invest far, far more in a year than the max possible amount of Rs. 70,000 in a PPF [...]
Banks lending in rural India is a great thing to have happened. Most people who borrow are genuine -but there are some politically supported borrowers too. The main reason why a person in India (or in any part of the world too!) repays the loan is ‘because it is the right thing to do’. This [...]