Today is the birthday of Mr. Jamsetji N Tata who was born on 3rd March at Navsari, Gujarat. In 1919 Lord Chelmsford named the city Jamshedpur, in honour of its founder, whose birthday is celebrated on 3rd March as Founder’s Day.
People know so much about this great man that there is [...]
Many people ask me why I suggest New India for medical insurance, but never suggest LIC for life insurance. The answers are simple. Medical insurance is a simple product and the probability of getting a good interpretation of the policy is quite high with New India. In fact if you have not lied in the [...]
For many generations we have believed what we own (i.e. items on which we are allowed to put our names) are our assets, and monies that we owe are our liabilities. It took Robert Kiyosaki to tell us that assets that put money in our bank are our real assets – equity shares, rental property, [...]
Why is Navi Mumbai real estate so expensive? Or is it correctly priced? Well answers are difficult to get. A decent 2 bedroom apartment costs upward of @Rs One crore.
Even for a professional who has a nice starting salary of say Rs. 500,000 gross income (per annum) the cost of a flat is about 20 [...]
It is very exciting to do a post on the budget. All you have to do is a lot of cut, copy and paste. My mail box is full of documents about the budget – and there is only only key that I had to use. It is called ‘Del’.
Frankly for the common man (who [...]
The greatest wealth in the world has not been created by inheritance – but by investing! It is only this generation that can make this comment. We are lucky to be living in times when we can make this statement. Let us take examples of Warren Buffet, Bill Gates, L N Mittal, Azim Premji, Ambani, [...]
Yesterday (24 Feb 2010) belonged to the world’s most worshipped cricket player ever to have walked the earth. Welcome to the world of Sachin Tendulkar. He displayed a Master class in cricket – and a CD of his best innings with a voice over from Ian Chappell, Viv Richards, Sunil Gavaskar, Ravi Shastri and Rahul [...]
Doctors and money – it could be titled anything, but since this dialogue was started with a doc, I have called it Doctors and Money!
“If you had outsourced managing your money to an outsider, and he had managed it the way you have managed, would you still hire him?”
I started my training in personal finance [...]
Here is a book review of Retire Rich Invest Rs. 40 a day….planning to carry more such reviews. This is by a person who is over 55 years of age.
I liked the chapters on withdrawals(pun intended) after retirement – the topic on annuities and how they could be used effectively to protect equity based investments [...]
“Investing should be more like watching paint dry or grass grow. If you want excitement take $ 800 and go to Las Vegas.” This is what Paul Sameulson the Nobel Laurete Economist from US had to say.
In the Indian context I tell my students and my clients if you want a “kick” – you have [...]