this article appeared somewhere… Don’t take this risk with insurance Insurance is a risk cover – don’t risk the nomination part. Most people name their beneficiaries when they buy the policy, and then never give the subject another thought. That could be a mistake. Good consultants recommend that you take the time to review your […]
When 3 of my clients came to see me for a portfolio review, I realized what a difficult job I had on my hands. Dilip, Devrajan and Kavya – 3 clients who had such different but risky portfolios that my work was cut out. Dilip had a portfolio of Rs. 6 crores (market value, had […]
Making a will is simple? Making a `Will` seems to be a simple job; just download a Will, fill in the details and your Will is ready. Or so you think. What can go wrong? Scenario 1: One child depriving the other children of their rightful share: Especially if the other children did not know […]
The process of providing financial fitness involves four basic steps. If you have the time, objectivity, inclination and expertise in accounting, investments, taxation, insurance, and estate planning, you can do this process on your own. Avoiding personal bias is difficult. Most people find it helpful to seek the aid of various professionals to derive the […]
If you have been educated in Mumbai you would have paid a pittance for your school education in the ’70s, ’80s, ’90s and well even in 2009. Well my father did his schooling in Mumbai and paid Rs. 5 (1935 – 1945) my mother paid about the same in 1952. Then time stood still. My […]
The power of compounding – inflation is negative compounding! Over a long period of time all things get expensive. Remember the first time your mom sent you alone to buy bread? What was the price of bread? Re.1? Rs. 4? – well today it is Rs. 20. That is inflation. I remember my Dad topping […]
There are many people wondering whether this is a bear rally or a bull rally. Unfortunately only with time can one say whether the recovery will be V shaped, U shaped or L shaped! There are many fantastic signals to say that this is a bull rally. ONe is the sharpness/ shrillness of the ‘pyt’s […]