1968: A CA working in Mumbai used to earn about Rs. 750 per month, a house in Chembur cost Rs. 75,000 and the same house was available on rent for Rs. 350 per month. Work out the Ratios: it was about 8 years Gross Income to buy a house, and the rental yield was 6% […]

I was 17 years old when I did my first trade. In fact about 3 months before my 17th birthday. My broker was just starting out in his professional life too –  he was 22 years of age. As expected I started with doing short trades and some long trades too. My dad’s portfolio of […]

I met a successful businessman turning 87 ..and asked him what would he want to share with younger people…and he had this to say: If you want to be in business, be ready for total failure: He went into business at a relatively old age of 30 in a house where there was pressure to […]

Who is taking the Risk and who is giving the advise? Well there are financial blogs by the tons, FB groups, Yahoo groups, Agony aunt columns, etc. I do read many of them and even follow a few and have always enjoyed reading them. I either learn or I chuckle. “I am going to Dubai […]

Morning (Monday, 10th April) I was doing a ‘how to get rich’…here is the part 2. Lets see how to take care of your money. 4. Take enough, appropriate, and correct amount of insurance: People do not understand the difference between a wealth creating asset (shares, mutual funds) and a risk reduction tool (derivatives, and […]

Well I have seen people getting rich by doing a few things. Here I am not talking of doing business and taking your company public, that is for people doing their own business. This post is meant for people who are not in that area…. Earn a Lot of Money: – there is no substitute […]

If you invested Rs. 100,000 in a mutual fund when you were say 30 years of age, and left it untouched, it can become about Rs. 30L when you turn 60. Assuming that you got 12% return and you did not interrupt the compounding. Not impressive at all, right? Who wants to invest in such […]