Amazing how a person can marry so much out of their own comfort zone! It does not take a genius to know that a boy or girl should not marry too much away from their own class. Imagine a very rich girl married to a low end employee in a private sector job. Or a […]
I know we are all normal people, we meet normal people, we think all people around us are good….right? Sadly I deal with money. When it comes to money I have seen the following: a) Elder daughter CHEATING a father off all his savings and house so that she could use the money as a […]
Why does the government need so many banks? With different names, multiple branches, multiple ATM booths,….but essentially doing the same work. The metros are over banked – seeing 4-5 branches in a small road is a given. Well the reasons are simple. If there is a Rs. 10 crore fraud in a small private sector […]
Having seen so many amateurs and professionals investing in equities (not talking about traders), here are some big differences. 1. Averaging means ignoring market information: Many people average in a single scrip and this can be dangerous. Examples like Silverline, Shaan Interval, Idbi bank, Moschip, Crest Animation, ..are just too many to be ignored. Yes […]
With PC in charge of the Finance Ministry we can expect some dramatic sleight of hand changes in the tax structure. Here is an advance warning. Almost all of this will happen over the next few years: a. Every government hopes that people save / invest for their old age. Simply because if they […]
Some financial observations which sound so so simple that people need reminders: a. You, you and only You have your financial BEST interest at heart: how can somebody forget this? Well laziness takes over. When you let your mind play havoc with ‘what is correct’ it happens. Learn to meditate before you learn to […]
When people come to me and say ‘I lost ….Rs.’ – they think that they have/ had a very unique case. Sorry there is too much of a pattern. Let me summarize (or let us call it a safe guard or a ‘do not do list): 1. Amazed to see people HANDOVER signed ‘Transfer Instruction […]