Imagine year 2019. You have retired, and you have received Rs. 120 lakhs as your provident fund accumulation. The bank is willing to pay you 2% interest on savings accounts and 4% p.a. interest of fixed deposits. The government has scrapped nsc, and kvp. Post office pays about 0.25% more interest but the have a […]
Usain Bolt has won 9 gold medals in last 3 Olympics and he has run less than 2 mins on the track. That’s economy of effort Usain Bolt ran for less than 115 secs in total in his 3 Olympics career and made 119 million dollars! That’s more than $1M for each second he ran! […]
there are no clear answers. One thing is certain both look easy, both are very very very difficult. If you need to invest in direct equities, you need to know how. If you invest in mutual funds you need to know which. If you invest in real estate you need to know where. Mostly in […]
Let’s define ENOUGH. If you are having to travel from point A to point B and you have no expenses to be incurred at point B, you need to just have travel money. Assume for a minute that your travel costs are Rs. 200 for the journey, my question is, NORMALLY how much do you […]
I had the privilege of doing a client review for an IFA. He/she is a senior IFA with about 500+ clients – and the aum does not matter does it? I WAS PERSONALLY shocked to see that such a senior IFA’s clients did things WITHOUT asking/ consulting him. Is it compulsory for an IFA to […]
The Ceo of a small unlisted company walks into a bank. The very pleasant RM sells him a ULIP. This happened in 2003. He paid the premium in 2003 and 2004..and forgot to pay the premium in 2005. Policy lapsed. In 2005 he bought another ULIP from the same RM (surprising thing is that the […]
Not everybody is keen or happy to share personal financial data with one’s family. Money is very private – and there are men who will not even want their wives to know the more minute details. It can also alter the family dynamics, demands, expenses even impact some other family members negatively! There is a […]