When an average Indian is told he needs life insurance, he understands it as he needs to go to LIC. Not bad considering that over the past 50+ years LIC has done a good job of paying claims and looking after people’s money. Now hold on, managing people’s money? Well the word managing is too […]
A few things that you should teach your kids: 1. Be responsible for your actions: When a kid runs and gets hurt, do not blame the bed, table or chair. Teach the kid that the table was stationary, it did not do anything, and the blame cannot be on the table. 2. Patience: the whole […]
Earning money is far far easier than managing the money. Many inheritors have ruined the inheritance. The Birla clan in various portions has destroyed wealth, have they not? There are just too many examples – here are 2 from the USA…Evelyn Adams won the New Jersey lottery not once but twice, in 1985 and 1986. […]
Many people do not have their OWN financial goals, so a cut n paste job has to be done. Which means you will HAVE to take the society’s goals and cut paste on YOUR life. So let us take the GOALS that SOCIETY wants a BOY to have (sorry for the girl the goals are […]
One thing I like about Manish Chauhan of Jagoinvestor is that he reacts to every mail that he receives. I do not. Well normally I do not. However once in a while I do. When I said that Financial Literacy is nobody’s baby, one Mr. Abhi wrote the following…Below that is my reply: “Abhi Very […]
The greatest topic for discussion in financial circles – especially the elite ones is a) financial literacy and b) financial inclusion. In this article I am about to debunk the ‘financial literacy’ joke that goes around. First of all it must be understood that any change can come ONLY and ONLY if society wants it, […]
Amazing to see a pattern in the working of a Regulator…..one thing common to all the regulators is that they speak the language of the strongest player! When SEBI was formed and it took charge of the mutual fund space, there was only ONE mutual fund – the UTI. So there was a tussle between […]