One very important query in all doc conferences is “Our practice is good, but it may go down..so buying a property and creating a second source of ‘rental’ income makes sense no? The answer is very simple. When you want to create a second source of income you need to create a secondary asset. The […]
We are only worried about losses which we can see lump sum – up front charges vis-à-vis a slow erosion in high fund management annual charges. Let us say there is a fund with a 30% entry load but it has a very low annual portfolio management charge – say 0.8% p.a. on the assets […]
There are some financial decisions which will keep you in regret for ever. These decisions can keep you poor for very long periods of time – sometimes forever. Let us look at them: Living beyond your means: like you are on a treadmill without an off button. Every month is a struggle to pay off […]
How do you know whether a financial salesman is lying to you? Ask them for their own portfolio !! I find the following situations odd…when professionals say something and do something else….! Here are a few examples known to me: A trainer in a life insurance company who trained sales people for selling ULIPS – […]
All of us want to be financially free…or is it? Does a 23 year old in the first day of office want to be financially free? What about the 32 year old? I do not think that there are any clear answers. There has to be some incident in YOUR life or in the life […]
Why am I doing a post like this? Why am I saying that some people should not invest in equities? Well the smarter investors know that while investing looking for certainty is FOOLISH. The smart investor knows that the SMART investor lives with uncertainty. He knows that equity returns fluctuate…and there is standard deviation of […]
When one keeps writing about personal finance and at the same time deal with people about their personal finances, many things come up. The first and foremost is that your financial position is a function of too many things. There are just too many factors that affect a person or family’s finances — where you were […]