One thing you have to give credit to the Namo government is its ability to keep the fiscal deficit low and the inflation low. Partially it could be luck, but it surely is a lot of skill, and co-ordination between the Govt. and the Reserve bank of India. Here is a review of what the […]
Though the mutual fund industry will not accept it, but their main source of business – the IFA – is struggling to breathe. I meet various IFA in various parts of the country. Sure there are some high profile, and high achieving IFA, but the majority has the following problems: Clearly there is a slow, […]
Comments from Khushru Jijina, MD, Piramal Capital and Housing Finance on RBI policy. “The downward revision of growth projection by the Reserve Bank of India (RBI) from 7.2 % to 7% in 2019-20 calls for the implementation of additional rapid policy interventions by both RBI as well as the Government. The unanimous decision by the Monetary Policy […]
But V you are not saving enough for your retirement. If you don’t save enough, how will you invest that money? I asked. His wife R said “how did you know we were not putting away enough for our retirement you have not yet seen our papers”. I said “guess”. Any way there is not […]
No. This is not about managing your own money vs giving it to an IFa or putting in a PMS. This is about asking till what age should you manage your own money. 50? 80? 90? there is evidence that from the age of 55 one loses one’s ability to handle complex matters. However you […]
Give me a number as big as you want. I can make it small just by adding one (1) to it! That is the power of the small number. My first book said Retire Rich – Invest Rs. 40 a day. Seriously I do not wish to keep saying..that this can have a great impact. […]
It is really difficult to believe that we have 43 mutual funds and 14 life insurance companies, but no Retirement solution. Let me explain. A mutual fund could take a stand that “we make products” and it is the IFA who should provide the solution, or the client should himself come out with a solution […]