You must read this thread first http://www.subramoney.com/2018/12/family-deals-be-careful/ Let me reiterate. Many Financial mistakes done by the previous generation have been nicely hidden under the carpet by their children. Well hid from the prying eyes of the world – and the mistakes are not brought to the scrutiny. What are the mistakes that I have noticed? […]
Continuing the sheer incompetence story. When you have seen somebody s..w up a portfolio from the periphery what do you do? Well, I tried warning both F and S (You have to read the first part) that they were not on the right path. S was a big believer in Real Estate and had bought […]
You are standing in a crowd your friend comes and throws his car keys towards you and says “will you drop my parents to Egmore..I have to rush to the hospital for an emergency, I am taking my wife’s car”. You immediately say “I don’t know how to drive” but will drop them in an […]
Should you deal family deals with property? Especially complicated deals over long periods of time? I know of a man who had retired without much cash, but had a nice flat in a good location in Mumbai. In 1993/4 that house was worth Rs. 80L and he wanted some partial liquidity for the same. He […]
There is a difference between a physician and a surgeon. A physician gets more time to think about a problem, seek counsel, do tests, and then arrive at a conclusion. However for a surgeon once the conclusion is arrived at, he has to implement the process. Both are very difficult jobs. However, the surgeon has […]
At one of the doctor conferences I met a well informed doctor who asked me “Subra I am planning to put Rs. 1.5 crores in xyz large cap fund, and Rs. 1.5 crores in a LIC annuity” will this be sufficient for my retirement.if I retire today (age 55) or say at age 65 years? […]
I was sitting with a friend in a Mumbai house and he got an American visitor. We exchanged pleasantries and did some US bashing. He was happy to do DT bashing – he started it. He then went on to do some USA bashing – not very rare these days. He was talking about how […]