Only thing about markets is NOBODY knows what will happen in the future. Some of us sound like a genius by saying the same thing again and again. Some other brave fools go to the roof top and say ‘Market will go up 22% this year’ and the market makes them look like fools. However, […]
US Fiscal Cliff simplified for everyone. This puts things into a much better perspective as to the present US economic situation.. Lesson # 1: * U.S. Tax revenue: $ 2,170,000,000,000 * Fed budget: $ 3,820,000,000,000 * New debt: $ 1,650,000,000,000 * National debt: $14,271,000,000,000 * […]
A promise is a promise….! So here is the first installment in how to read financial statements…. Let us start at the very beginning….when a company files its Annual Accounts it files the balance sheet, Profit and Loss account, auditors report, directors report…ARE THESE TRUSTWORTHY? Well they are as trustworthy as your OWN CV. […]
When the father of a girl called me to ask about a boy (marriage reference), I said nice, glowing things about the boy. Fairly obviously I knew the father in a professional context, the girl in a social context and the boy was working for a company owned by a friend. I did not […]
Srikanth Meenakshi of Funds India and the new author Ranjan Verma are having a Great Debate on Mutual funds vs ULIPs, and I have read both their posts. R V is an ex LIC person so to the extent that he believes that ULIPs are better, and LIC ulips are best is a fair […]
I get this question so often…and I have written about it too in the past…but here once more. Whether to repay off a home loan or invest the money in a retirement fund is a question which is IMPOSSIBLE to answer without knowing the full facts. If a person has a home loan on a […]
What a Retirement / Financial planner SHOULD tell his clients but will not. He will not because he thinks (perhaps rightly) that the client (You!!) do not have the maturity to understand the real meaning: 1. Sir to me the visibility of any retirement plan is just as clear as the iceberg was for the captain […]