here is an open challenge.. here is a list of companies which owe a lot of money to a lot of bankers. The open challenge is that NONE OF THESE companies will repay their lenders in full. It is amazing that these companies are going around raising money (Imagine Reliance Mutual Fund is in the […]
A friend called up and said ‘My dad just cancelled his Medical Insurance policy by NOT PAYING the premium what can I do?’ This was clear – his parents aged 76 and 74 CANCELLED their medical insurance because they felt that they were not claiming ever..they did not NEED medical insurance. They actually had their […]
Well let me start with a huge disclaimer: THIS IS SARCASM. The title is sarcastic to start with. Ulip is a shitty product. However LIC and other life insurance companies have an even shittier product called the TRADITIONAL ENDOWMENT PLAN. Compared to that super shit, this is shit, so you should stay away. I found […]
When a 48 year old looks at the fluctuation in his retirement portfolio, he may feel concerned but not unduly worried. He is still in the accumulation stage and believes (as if by magic) by the time he retires, the magic figure that he wants will be in place. Let us call this magic number […]
The USA is really a rich country – except for its debt of course. Many of the Americans do not want to go to college (its expensive) and the non college going kid easily gets a job just as easily. Obviously they did not go to college. Now they are not finding jobs. Amazing […]
Well the headline has not much to do with the article. It attracts a lot attention though. Does it not? I was amused when I started getting messages asking me to invest like RJ. In the 1980s I realized that I could not invest like RJ. If both of us did research and zeroed in […]
Let me start by saying that when I see you kids wasting your money in savings bank account, buying Endowment policies (unit linked or otherwise), keeping money in bank fixed deposits (to get 80C benefits), …etc. my blood boils. The bank manager is trained to give YOU a pathetic return so that his (bank’s) shareholders […]