I have a friend Mehul Desai..this is about his friend..not about him..he told me this story… My friend has this infuriating habit of saying so what to anything which has, even distantly, bullish connotations. He has been born a bear. No…not that way. But he has never been able to trade positive. Somehow he has […]
In India buying a house which used to be a middle age activity is now become (becoming) a young age activity. Did you know that in the 1980s the Hdfc home loan application form did not have MISS option? It was Mr. or Mrs. They perhaps thought that an unmarried woman (young or otherwise) will […]
It is an arbit number I agree. Why is 20% fall called a bear market and a 19% fall called a correction? What if the market has fallen 20% and your portfolio has fallen 25% ? were you in a bear market even earlier? The media will tell you that we are in a bear […]
“I M C Shah hereby revoke all my previous wills and by this will made on this date…at Mumbai…do hereby state that all my properties are self acquired..and the house in……………………….an ancestral property in……..is what I have inherited. That should be divided as per the Hindu Succession Act….. My residence in Santacruz is self acquired […]
The cookie cutter definition of a bear market is ‘when it is 20% lower than its previous peak. Previous peak was 30,025. So at about 23000 we are in a bear market. Every market goes through a pullback, correction and of course a bear market. All economists know that markets go through all phases, and […]
Helping older investors – I mean those in the 80s, and even in the 70s is a little tricky. Obviously, they have been investing for about 30-40-50 years, and obviously know what they are doing. Wait a minute – do they really know what they are doing? Ken Fisher talks about his father’s worst mistakes […]
A few years ago I rounded up 10 friends and asked them to gjve a hurdle rate that their investment should give. Most of them had 8% for debt instruments and an amazingly fantastic range of 12% to 40% when it came to equity. Some of them BELIEVED that real estate HAD already given about […]