If you wanted to make a career in a sport would you just watch that sport on television and hope to be a world beater? No, I guess. Similarly if you want to be a good investor watching television or the pink papers or the personal finance magazines and websites may be not the best […]
Most financial planners and personal portfolio managers are questioning their basic assumption of asset allocation. In the year 2008 asset allocation failed. This of course is their conclusion based on a set of data. Data is accurate but the conclusion seems to be a little flawed. In the years from 2002 to 2007 (when Mr. […]
Darren Gough and IPL – yes you can see some connection, but can you see the connection between Darren Gough and Financial planning? Well neither could I…but here is the connection. Telegraph , UK did an interview regarding Darren’s financial habits – and it was interesting. Nothing flamboyant. His best investment he says – is […]
There are many ways of getting rich. The quickest way is to sell something that you can buy for Re. 1 and sell it for Rs. 500. Then create a sales force which sells it for a 10% commission. The better the quality of sales force the greater will be your profits. The more such […]
A friend gave me lots of paper saying “My cousins husband has died, she is a nominee will you please transfer all the mutual funds to her name”. I said this is a breeze, will do it. Then started my ‘breeze’. DSP Mutual fund, Idfc, SBi mutual fund, Icici Prudential, J P MOrgan, Franklin Templeton,…his […]
Guru Purnima or Poornima is a very important day for all of us…because we are all students all our life. In fact the people I know who do not grow old are people who keep finding new things to do…so keep learning! One amazing Guru story is attributed to Jagadguru Shankaracharya of Kanchi. One journalist […]
While doing a risk review of a portfolio, I stumbled on a portfolio with 55 mutual fund schemes and 52 direct equity investments. When the investor asked me what was the risk, I said there was ‘concentration’ risk. I also told him he was running the risk of ‘over-diversification’ . He asked me to speak […]