I read an article a few years ago – 2 or 3 and that left a great impact. Let me do a copy paste of what is left in my head. It is an American article about Adviser’s perspective. I have seen Indian advisers too who are in a state of denial when I hit […]
When people talk to me about their finances they talk about ‘financial goals’. Sure, they are important but ‘earning more money’ cannot be a goal. ‘Being happy’ can be a goal. When I talk to people in the 55 to 72 years of age the most happiness that they have is when they travel with […]
Many reasonably rich people come and ask me one question: Should I buy an annuity? My counter question is : Do you have enough money to afford an annuity? The answer is Yes…but it means I will leave less money for my children..an annuity is such a poor yield..I can easily get 18% return on […]
I’m in my early 50s and have about Rs. 1, 40,00,000 in savings. I tend to stick to bank FD, and PPF accounts, as I was scammed in the past. What’s the safest way for me to invest this money? I will be retiring in 2020, is this amount sufficient? My wife is a housewife, and […]
I was talking about Sequence of Return Risk a few days ago to a bunch of new Retirees. Many of them had an adviser, and some of the retirees had no investment in anything other than debt instruments. Yes they had a variety of debt instruments – PPF, Senior citizens saving schemes, debt funds, bank […]
Annuities can be seen as life insurance in reverse. In life insurance you keep paying a small amount of money to a life insurance company, and when you die your nominee gets a lumpsum. In annuity you pay a lumpsum from which the company pays you a fixed amount of money (or indexed) on a […]
Many people do not understand when I say “your retirement will fail”. Well what can happen if you do not have ENOUGH money for retirement? well, your retirement will fail. At this stage if you are not living with your children, you will wonder where the next meal will come from. Retirement researchers often use […]