Did you know that if you are dealing with a non psu bank, you are dealing with a foreign owned bank. India registered, oh yes, but foreign owned. Did you know that airlines will soon be owned by foreign capitalists? that the retail will soon be opened up for the Marks and Spencer? and the [...]
Well, if you were in the US and I were a Pres candidate…i would have been forced to ask you this question. Well politics aside, this is a question that you should keep asking yourself EVERY year. In case of your personal life, hobbies, work, relationships, etc. you need to frame your own questions.I do [...]
When I was in college I was told…if you are an American by the time you finish college you can have a car, and in a few years a house…. Now if you were growing up in an economy with 3% growth, rations for milk, sugar, rice and kerosene – you would be impressed, wont [...]
This is not a financial post, so what is it doing in this blog? Good question, but I felt that a question like this has a tremendous impact on your portfolio too. Taking your eye off the ball for a long time can create havoc with your portfolio. That could be scary. Grief takes a [...]
Money laundering in India is not a very difficult thing….it could be complicated yes, but not difficult. Also there are many things that you can do with the cash. You could buy tiles for your house, furniture, eat in expensive restaurants, hire a car, air travel…..but beyond an X amount of money that you need [...]
Do people make serious financial mistakes? Difficult question to answer, and it also depends on whom to ask. However the question should be framed slightly differently. “Have you made any serious financial mistake? And if you are saying NO, do you understand what you are saying?’ My interaction with people of various ages shows the [...]