I get a lot of mails saying – investing does not work, trading is fun, ‘i made Rs. 124,000 in trading’ etc. Frankly I do not know how to react. Let me share with you what has worked for my family’s portfolio. Very broadly this portfolio has been a Value portfolio. There are shares acquired […]
So as expected the ULIP bill is passed. I am not sure about my numbers but if the mf sales: ulip sales is 1:300, to even think the MF industry will be called for a meeting sounds funny. The mutual fund industry in India is going through a real hard grind – some partly its […]
Many organisations have a designation called the ‘Wealth’ manager. I have often wondered about the enormity of this task. You really have to be a friend of the client and you actually need only about 30-40 clients of good size to make a decent living. How is a wealth manager different from a Financial Planner. […]
A friend asked me to see value research online – and see the lead story on why you should distrust your adviser. I was amused because ‘How to select a financial adviser’ is a topic with which I have often grappled for and on behalf of many friends. Let us take a typical ‘media’ answer […]
My Gym trainer is also my client for advisory services and this is the dialogue that we have had: My Gym trainer: I have been coming to you for the past 4 years and I do not feel rich Me: Are you earning as much as you said you are? GT: Yes of course – […]
I have a gym trainer and here is a dialogue between us: Me: I have been coming to you for the past 4 years, and my weight remains the same! There is no use coming to the Gym. Trainer: Do you come to the gym regularly? Me: Of course I do! Regularly at least 5 […]
I hope there is nobody out there with a gun to lynch me. Let me tell you about 2 contrarian calls that I had over the last 15-20 months, and which made me money. One was gambling that the dollar will strengthen – the world was willing to write it off. Moneycontrol carried the story […]