Past performance is not an indicator of future performance” — the literature of every mutual fund you own, mentions something to this effect.   In fact once, when I was lecturing at a mutual fund house, which was not performing well, one of the managers said, jocularly, “Can we say our past non-performance is not an […]

An amazing case of an old man (70 years of age) – I hope all of you read this. Here was a man who was approached by a life insurance agent who pitched him a product. Not sure if he understood anything of what was told or shown, he nicely signed (alas) and parted with […]

Banks are being nicely ‘co-erced’ by RBI to become brokers. This sounds like a joke – when IRDA asked for it, RBI said ‘no. they can only be agents.’ Now suddenly IRDA and RBI will think of this as a great move. That is exactly how regulators work. First they have to ensure that the […]

Retire Rich: Invest Rs. 40 a day is a book written for the young population in the accumulation phase. Now it has completed MORE THAN 5 years in the print format and thanks to all of you has sold about 50k copies. Asking people here….what is missing in that book? I mean if I were […]

Housing is really expensive in Mumbai, and most people cannot afford to buy a house, right? However everybody aspires to buy a house – and this is also undeniable. So how do people go about dreaming about buying a house, and how do they buy a house. Or, do they? What are the obstacles / […]

As a person who has now spent more than 5 decades on the planet and of which 30 years at least thinking, earning, talking, writing, teaching about money, this post is not original. Yes of course it is from what I have read and spoken about money across age groups. The older people feel that […]