This is surely just a ramble. I did not even know whether to call it learning, rules, diktats, …or just a ramble by an old investor, but hey here it is…. Make mistakes – write down what went wrong, make quick small mistakes, laugh at them, make it when you are young, and most importantly […]
The title saying X number of rules of personal finance is just to put pressure on myself to think of so many rules. If I do not reach that figure I will repeat myself, and you are not supposed to think it is senility. I heard senility and the ability to make correct financial decisions […]
What return will you get on your portfolio? Ask this question to 100 investors, and if they are also investing in equity mutual funds their answer will vary from 14 to 24% depending on how smartly their IFA has convinced them about 19% + dividends as the historic Indian average. In fact I have met […]
Experience, cannot be taught. Patience, cannot be taught. It takes a 100 to be a Century – this is what the ad by Century Mills said when they turned 100 years old. Not enough data is available for India, so let me quote from American facts: In 1964 the Americans held on to a share […]
If you do not know why a big brokerage house is doing something, copying them because they are a big house is a sure way of wealth destruction. They play a lot of games and across different memberships. For example a broker could be buying and selling he same share – at small margins just […]
When I look at my portfolio..I keep wondering..does it really take ‘forever’ for creating wealth? I do not know. Every day I get many offers to ‘double my money in 2 years’ or even better 1200% return..or something of that size. Or even better Forex trade calls where I could earn US $ 565 every […]
Yesterday was your 54th birthday and you realized that you are no longer in your 40s! Yes it takes 4 years to realize that. Now you may feel as though you do not have much time to accumulate wealth. Partially true, but only partially – you probably have a lot more time than you think. […]