Let us do a small exercise: Go and get your Manila folder which has all your investments. Now answer the questions truthfully: 1. Why did you make that particular investment? 2. Psst……is it insurance or investment? 3. What returns were promised when you invested? 4. If you were promised 24% p.a. and you have actually […]
THIS IS A HUMOR COLUMN – AND THIS IS A PARODY – DO NOT BUY AVANTI FEEDS… Suddenly I found a scrip called Avanti Feeds quoting at Rs. 600. I was stunned because I used to know this company ONCE UPON A TIME. In the late 1980s Avanti feeds came out with an IPO and […]
When a fund house becomes very big and one of its schemes becomes very big there is a chance that it will get watched. Under intense scrutiny it is not always easy to perform well. Prashant Jain is an exception of course. I have my own MONIES in top 200, and have bravely recommended it […]
After saying nice things about a public sector bank manager just YESTERDAY….here is some non flattering stuff. First of all let me start by saying, IT IS ALL MY MISTAKE. I love procrastination and almost paid a 6 digit price for that. Well, God helped me I guess. ON Friday My great PSU bank assured […]
First of all let me apologize to all the bank managers and officers who I have criticized in the past. Not that they have suddenly turned saints, but I have turned wiser. It was very easy for me to get frustrated with the bank managers – PSU or otherwise – so I used to criticize […]
What was scary is a recent default by Orbit – that too for an amount of Rs. 96 crores. For a builder with operations in Mumbai…this should not have been a big amount…but well, it did happen. It is amusing that the middle class keeps its money in savings accounts, fixed deposits, RD, etc. – […]
What are the common financial worries – and what are their solutions? Let me list them, as I HEAR IT: 1. Huge debt combined with job insecurity: Whenever a young person takes a loan somebody in the family is bound to say ‘OMG you are taking a Rs. 18 lakh loan (it could be anything […]