If your parent is an investor and invests in bank fixed deposits, equities, mutual funds or RE who is responsible for the record keeping? When he is in the 70s your answer could be different, and when he is in his 80s your answer could be different! There are many children who think that they […]
Inflation is perhaps one of the least understood risks in investing. Understanding the power of small numbers is not easy. That is the reason why people find it difficult to understand the impact of compounding too – after all inflation is just negative compounding. Let us take an example. If you met a financial planner […]
It is amazing how people can take some discrete data and come to completely wrong conclusions. Why does this happen? Simply because the human mind tries to draw a pattern in whatever they see. Many a times there is no pattern. Sometimes it is obvious, sometimes it is not. Warren Buffet’s daughter says ‘he does […]
It is amazing how most people cannot sit idle. Forget meditation, just sitting idle is impossible. They need an external stimuli – and as time goes by they need a higher and higher degree of stimuli. When the market was at 19000 the IFA could not get the so called ‘sensible and well educated’ people […]
You start life and some relationships as a financial adviser but then you go beyond! Many potential customers who are looking for financial advise sometimes go beyond finance. At age 24 or at 52 your financial personality is just a sum total of your financial foot print. You might just be AFRAID of money – […]
Sorry I am very old fashioned in this regard. I guess there are many things which people consider an investment, let me tell you the risk involved in the same. 1. Make a down payment and buy a house. 2. Commit to a target – and pay the money in installments 3. Do a SIP […]
Managing your Time, Money, Business or Weight all start with the same FIRST STEP. Track your Time (ditto for the other 3 so just cut and paste). Keep a track / log of what you want to track (in this case time). Enter what you did during the day – preferably enter it ONLINE classifying […]