‘Should you invest in a long bond? and or / Who should invest in a long bond? The answer is simple. If you are say 65 years of age (or older) and there is a psu bond on offer and it is paying a coupon of say 8% (it is more likely to be 7.5%) […]
I go to an adviser and he ruins my money. I make a huge loss, and so go to court, and the court the adviser a few questions: 1. You claim to be a financial doctor, have you: – gone through at least 5 years of training like a doctor? – what in your education […]
I watch 2 programs on television – both are ‘real episodes of crime’. The lessons from that: – do not take anything for granted. One woman (with her father’s help) and along with her new boy friend kills her husband. The kid is 17 years old and helpless. Learning: make a will, and do not […]
Many people (sadly including CIOs of mutual funds and life insurance companies) think that 2-3 year schemes in equity makes sense. Hence a rash of close ended mutual fund schemes, and almost none doing well – except by a timing accident. A few days ago I profiled a few of my HNI readers – very […]
A few days ago I did a post profiling some of my readers. Let me tell you some more things. I have no clue how much of that money was made in a fair manner. I mean was it made with inside information? Was it front running? I do not have an answer, but yes […]
In 1979 when I did my first trade, I had to walk to my broker’s house in the night and discuss what to buy and sell. Sure we both had phones at home (2 phones each actually) but most of the talk happened face to face. He would call around 5 pm or later to […]
I do attend mutual fund / life insurance meets and conclaves – but very rarely. So when I was accepting Mitra Joshi’s invite for the Mutual fund conclave, I was not sure whether I would go, but I did go yesterday. This was held at Softel Mumbai – the one at BKC. Let me first […]