How many times did you say this to yourself in the past week? What caused this sentiment? Lemme guess – it is your habit of reading/watching porn. Financial porn is addictive. You will see/hear/read stories of how if you had invested Rs. 10,000 in 2015 it is worth Rs. 10,00,000 now or even more. It […]
I was talking about Sequence of Return Risk a few days ago to a bunch of new Retirees. Many of them had an adviser, and some of the retirees had no investment in anything other than debt instruments. Yes they had a variety of debt instruments – PPF, Senior citizens saving schemes, debt funds, bank […]
A few days ago a small piece of flesh was lying next to me. I woke up with a start..and it started speaking to me! It said I’m your conscience and in sanskrit I’m a part of your Atma. The Englishman has nicely separated the two, so you may not realize that a part of […]
This week marks my TENTH year writing Subramoney! I have completed 9 years and step into my 10 th year. Unlike one of my favorites Dev Anand, I started blogging pretty late in life. When I started in November 2008, I never could have imagined where this thing would lead. Now I can’t imagine my […]
You have Rs. 30L in your PPF account. You go to withdraw it for your daughter’s wedding which is 2 months from now. You know you are dealing with the sarkar so you go expecting a 1 week process. The boy/girl/man/ at the counter tells you “sorry..there is a change in the rules”. You will […]
Annuities can be seen as life insurance in reverse. In life insurance you keep paying a small amount of money to a life insurance company, and when you die your nominee gets a lumpsum. In annuity you pay a lumpsum from which the company pays you a fixed amount of money (or indexed) on a […]
In 1993 when the NSE was formed we were told it will be run by professionals. Professionals in India means they wear a tie and suit and swear in English. Non Professionals meant they wore a dhoti, spoke in Hindi (and English) and swore in Hindi. As a fan of Ayn Rand a few of […]