When you deal with rich people – and some really rich people -you realize that money does not do much in life! When people are struggling with bills to pay and work to do, they do fantasize what a lot of money can do. However, as they save, invest, and make the money grow, they […]
When it comes to investing, you think bankers are smart? What about Chartered Accountants? What about IIT, IIM graduates? Well, there is no holy grail. I can assure you. There are some simple rules of investing – diversify, do not invest in direct equities unless you have a great broker, or are willing to learn […]
Sorry if I am hurting your ego and what your grandparents, parents, and many others told you. ‘Saving’ is a passive act of not spending money that you have earned or inherited. That cannot make you rich. So you have got an idea to ‘invest’ it. Will investing make you rich? Well investing is a […]
Yes please read the headline again. Active management will help the index investors! Let us look at say the BSE 100 as a representative index instead of the Sensex or the Nifty. Every IFA will advise his investor to put in say 70% of his money into a large cap fund. There will be an […]
The skill of an adviser and that of an investor is being able to ignore the short term underperformance of a company or a fund. Let us take 2 examples – Coromandel International in stocks, and Hdfc Equity fund in fund performance. When monsoons are bad or there is a talk of government abolishing fertilizer […]
The man who created the “nudge” theory, which has helped the British government raise more revenues and target NHS better, encouraged smokers to become vapers, has been awarded the 2017 Nobel prize for economics. It is the ultimate recognition that behavioural economics has reached home! Richard Thaler co-wrote a bestselling book on the nudge concept – […]
If you are wondering what I mean by saying ‘being rich is not easy’ read on. First of all the rich are hated. Well if you think ‘hated’ is too strong, let me reiterate, I thought hard and then used the word! First of all the rich 1% – to which many people reading this […]