Risk to a great extent is counter-intutive! When the index was 3000 (circa 2002) I would meet bank Relationship Managers and IFAs (Independent Financial Analysts) who would tell me “Sir, I only sell debt funds. They are so secure, and you know last year gilt funds yielded 19% p.a!”. I would gently probe and say […]
Investing is a lot about luck – any investor will tell you that. I have said this in an earlier post also. For example I sold hdfc, l&t, and tata power (skill, I thought they were overpriced in a slowing down market) – they are still way below my sale price. Then I used some […]
When it comes to saving and investing, people are obsessed with the returns they’re going to get on their money. Whether it’s debating the merits of a particular investment strategy, discussing the pros and cons of insurance, pensions and mutual funds (or increasingly unit linked plans) or simply searching for the best interest rate on […]
Many people think creating wealth is a very difficult process. Funnily, it is not so! Let us look at some simple steps: 1. Stop procrastination! The best definition of procrastination that I know is unfortunately not printable! But it is easily one of the most important reasons why wealth does not get built. So start […]
If you read what John Templeton says, you will believe that you need to create a diversified portfolio – a little of Japanese stocks, lots of American, some emerging markets, etc. in equity alone. Apart from this some debt – short term, long term, etc. Warren Buffet on the other hand says you should concentrate […]
This is not an article on market timing! I am still not out clearly on whether we are in a bear market, bull market, recessionary market, growing market or emerging markets! This article is about why you must invest TODAY! You must invest if you wish to have a corpus available for some life time […]
A new agent joined a private life insurance company. He took about one month to start and then started blazing all records in sales. Like they say “Din Dhugni raat Chougni” sales was happening. He was brilliant, absolutely brilliant. His immediate manager wanted to go with him on a sales call – one does not […]