The wealth management industry is seeing a lot of change. The ‘big’ wealth managers – aka product pushers are in some kind of trouble – aka the banks. Their main job was to push expensive products – like those girls in the bar pushing expensive drinks for old men to buy! Well, the comparison is […]
RE is really very profitable…I got this from a builder…and it is worth reading: A builder buys 1000 sqm land in Goa for Rs. 1.5 crores. Land purchase including stamp duty at 8% for registration is Rs.12,00,000. Construction cost for 1000 sqm is about Rs. 2.6 crores. Sanctioned plan: Cost of Architect plan @3% (Rs. […]
It is very difficult to understand what is being a contrarian. Contrarian does not mean just going against the crowd. I tell investors that crossing a road while you see a truck is not being a contrarian, it is suicidal. Buying DHFL when its price fell to Rs. 290 was not being a contrarian. Buying […]
The kind of questions that I get – I don’t normally respond. I will let the readers react. Why does this couple need Rs. 280,000 a month at the age of 80? (in the year 2033) – are they going on a world tour every month? – Ms R, Chennai. Why do you write about […]
If you consume financial porn you believe that the real rich do not work. They are constantly flying to Bahamas, drinking champagne, party hopping and binging. Well, let me share the life style of one real -seriously rich man I know. He is up at about 5am and hits the home gym. His instructor comes […]
Our Financial media aka ticker channels are in love with the Indian economy. No clue why but most of our commentators seem to think that India is a very attractive market in which to invest. I have nothing against the Indian economy, but the American, European, investor surely has better options. In a country where […]
I had this conversation with a bunch of Millennial… I wish to retire at 43 is it possible? The answer is NO. You are now 25 years of age and are earning Rs. 4L a year. This is not a great salary, but you will not be able to invest more than Rs. 3000 a […]