This is about another couple aged about 50. Far more tragic than the 32 year old couple about whom I had shared earlier. This couple has 3 children. One has trained to be a pilot (and wondering where to find a job), one kid doing MBA (from the chotiwala institute spending Rs. 15 lakhs, funded […]
I am stunned, or at least shocked when I talk about money to some people. I really wish we had some magazines like MoneySense who did surveys and gave us some macro numbers on how people spent their money. I met this guy earning well and having literally no cash in his hands. Around 32 […]
When Rajat Gupta was sent to jail for insider trading..he must have been shocked or surprised. He must have been wondering what did he do which a previous Mckinsey partner has/had not done? It is not a true blue company which has never been accused of bad behavior.. Poor Rajat Gupta ..read on… http://www.ft.com/intl/cms/s/0/49d83a9c-2b0d-11e6-a18d-a96ab29e3c95.html#axzz4AlHQAIx5
This post is meant for the parents of 15 year old kids. Ok it is also for parents of 22 year old boys and girls – especially if these kids tell you that they want to get rich. The steps are so so simple, that you can be full of skepticism even after you finish […]
The other way of saying ‘what would have I done differently’…. Read More books: clearly I would have read more books and on a much wider range of topics. Today I cannot bring myself to read books outside of finance, management, and fiction. ‘Being Mortal’ of course is a book I read, I read Gladwell, […]
It is not as though the common man does not make financial mistakes, they do..but doctor mistakes are worse. Let me enumerate some of them: Investing in direct equities without any professional help. Investing in direct equities with professional help!! Well the kind of professionals who helped them were terrible. Not naming the firm but […]
If you are investing to make money, an index fund is good enough. In case you believe that 2-3 well managed funds are better than an index fund, take that path. There is, absolutely no reason why you should take the direct equity route. To me the direct equity route will die in about 20 […]