When you are doing well and have a nice surplus (and the world can see it!) there is a good chance that people come to you for help. Nothing wrong in their coming, and nothing wrong in your giving, however it is not easy. Let me give you a few examples: Mr. M an executive […]
In every financial planning class I need to do a post lunch session. To keep them awake I ask them to do a simple exercise – calculating how much money they require for retirement. Unless they are at least 37-38 years of age, they have no clue as to how much they need for retirement. […]
If you are a businessman and you get a big income tax refund, it is time you changed your CA. An advance tax is something that you pay based on an estimate. Thus if your CA (or you) over estimated your income and because of that you are getting a refund, well, improve your ability […]
Or Why you do not need an investment consultant ! If you need bypass surgery, you should find the most qualified surgeon available. If you’re getting sued, you should hire the best defense lawyer in town.These 2 are fairly obvious and I do not think you can do your own root canal surgery, brain surgery […]
In the battle between IFAs and Banks, it is the banks who win hands down most of the time. Why does this happen? Some of my observations: 1. Clients love activity, and banks can provide that: Most clients like to do something on a regular basis – but may not be too keen to do […]
Sometime in 1994 a friend wanted to keep some money in a fixed interest bearing instrument. The amount was about Rs. 15000. He kept it in one company – let us call it Company A. Sometime in 1999 I was surprised to see that he still had his money there. I told him and […]
Mrs. Sanmeet Kaur Sahani is the first lady winner at the Kaun Banega Crorepati..(Indian version of Who wants to be a Millionaire)…this is a program conducted by the legendary Amitabh Bachhan and has got the imagination of the Indian middle class. She won Rs. 5 crores (Rs. 50 million) – about US $ 1 […]