Is the United States of America a capiatlist state, a communist state or a socialist country? The answer is obvious is it not? It is a capitalist country…well er so you thought. When Lehman, AIG, Merrill, etc. were distributing high salaries all of them looked like they believed in capitalism. Surely they would have said […]
Governments have two major advantages. One they have an unlimited scope for income – agricultural tax, excise duty, service tax, income tax, estate duty, etc. The more worrisome advantage is their ability to print currency notes. Ask Ben Bernanke – he converts coniferous trees into billions of dollars! The worry is for people who lend […]
Hi! Over the years, you have invested a lot of time and money into your academic education. You have broadened your perspective to the next rung of the ladder, and invested in your professional education as well, via job-specific training. At this level you command a higher income, and get to enjoy more of the […]
Many of my posts are based on the Financial Planning / Mutual fund training class that I do. One question that normally people ask me about where to keep their emergency funds. I do give a variety of answers, but here is what I have done: A friend who is an investment adviser has a […]
Understanding mean, median, mode, standard deviation, regression, reversion to the mean – is a pre-requisite to understand financial markets. Let us see some simple examples: It rained 90mm in Mumbai on 22nd July. If it rains like this for 6 months continuously, Mumbai will be drowned. It was 43* C in Lucknow on 23rd May. […]
The share markets around the world have been home to more than its fair share of scandals. There have been scandals from accounting, fraud, rigging, insider trading, audit committees not doing their work, research reports for different audiences, back dating of esops, and initial public offerings. Maybe you’ve just lost a fortune in the market. […]
Warren Buffett has some advice for young people, like college students, who want to remain financially independent. It’s not new and its not a surprise, but it is solid counsel on avoiding a very common money pitfall, and worth repeating: “The biggest suggestion I have is to avoid credit cards. Interest rates are very high […]