I have said this many times, and am repeating it. Repeating it again (tautology, I know). If you hold a portfolio over a long period of time you will get returns in the early double digits. However this will not happen in a nice smooth linear fashion. One of the years that you held the […]
I do not like NPS, as I think it is a technically flawed product. What is the technical flaw? It is a GOI product and to me that is too risky. I am happy to stay with one GOI product named PPF, so why should I choose one more? Good question. However if I have […]
Each financial consultant has to decide what type of an adviser he is. Of course every adviser gets different types of clients…and he will change accordingly. Type 1 client: Here the financial adviser acts like a dictator: He tells the client ‘look I am telling you to do this, so please do’. Here the adviser […]
If you are wondering what gift to give your mother, sister, girl friend, or wife….well give them respect. Most women I know crave for respect – even at home, and even from their own kids. Most of their activities are spent in trying to earn this. And the kind of effort that they have to […]
Women need to plan for their retirement more than men need to – because they work for a lesser period and live longer. Longevity is not always a boon – so the woman who lives longer will have to fend for a longer period. Also with women having fewer children there is no guarantee that […]
First of all the caveat: What you do with your own budget and life is far, far, far more important in your personal life. What Jaitely does with the budget is more of academic, economic or political interest. It should not really matter too much. However, in a country with so much noise about the […]
When S came to meet me in 2009 she had money in the early 2 digit crores…surely more than enough for a 48 year old retiree. I spoke to her, but the glamour of a suave ‘beta’ kind of a Foreign bank was greater…and there she went. That guy told her the following things: – […]