Well it works in advertising. Convincing you that if you drink the same cola as Sachin Tendulkar you will become SRT, or driving the same car as Shah Rukh Khan will make you Shah Rukh. Well, if you still think so, you will not. Let us see some Retirement planning myths: 1. I can start […]
Retirement mathematics is a very complex one…and who knows that better than me! I have refined my calculators a million times and sought help from Pattabiraman (of Freefincal fame)…regarding volatility. However instead of doing a PhD in mathematics, let us look at some short cuts…. 1. The American belief is ‘you need to provide for […]
Investors face all kinds of risks in the financial markets. There is credit risk – the risk that a borrower will default on an obligation. Liquidity risk – the possibility that you will not be able to convert a security into cash when you need the money. Market risk – the likelihood that the share […]
In every financial planning class I need to do a post lunch session. To keep them awake I ask them to do a simple exercise – calculating how much money they require for retirement. Unless they are at least 37-38 years of age, they have no clue as to how much they need for retirement. […]
When you think of accumulating a large amount of money we trouble ourselves into believing that it takes a lot of money to create money. Well it is not so. It is simpler. In fact much simpler than that. But those are the exact three words that can help you retire with Rs 40 a […]
Ps: this article is about 5 years old, and they still are floundering. The names have of course been changed, and the airline hidden, but you can guess. Imagine a couple working in Kingfisher! No clue who is paying their EMIs!! now read on… I was aghast when Capt. Ajoy Athalye walked into […]
With real estate in a boom over the past few years, one thought that crosses peoples mind is to use ‘Home Equity’ as a Retirement Plan. Good idea? Feels so. At least at this juncture, however like all assets it has its ups and downs. Let us look at what I mean. What is Home […]