When people invest their money they are more or less forced to do an asset allocation. This could have been historical, deliberate or accidental. I see people with one house (in which they are living), some equity investments, some mutual funds, and some fixed deposits. The thing is the whole ‘asset allocation’ is just a […]
So you quickly repaid a big part of your home loan because the interest rates went up did you? Welcome to the world of fluctuating interest rates! Interest rates play an important role in your personal finances. The RBI tries to raise or lower key interest rates that trickle down and affects everything – […]
Today all websites tell you that you are just not competent to manage your own money. This is followed by a corollary saying ‘therefore you NEED a financial planner’. Be that as it may, assuming you have a financial planner, what are the questions that you should be ASKING him….and then hope that he answers […]
Subra Sir what you are saying is true, but I need the car now, AND i can afford it. Said a 26 year old girl. I was actually delighted. Coming to think of it, a debtor BUYS a Indica, borrowing money from Hdfc bank, and paying the installments – she is doing ME a favor. […]
As we rush through life we have two types of problems – we do not pay attention to the beauties in the day to day activity and we think something has value only if it has a price – so that the snob value kicks in! In Washington, DC, at a Metro Station, on […]
The whole theme of Subramoney is aimed at Freedom. Financial freedom is just one of them. Freedom from needing a financial planner. Freedom from needing a doctor,……..the list is endless. The most important step towards this is cleaning up – 3-4 schemes, one term insurance, home loan paid off, funds redeemed to pay for a […]
Over the last 3-4 years of writing, people have called me cynical and suspicious. Honestly I do not have the energy or willingness to attack that label or defend that label. Frankly it does not matter…however let me clarify that there is not a single incident which I have written about, UNLESS I KNOW that […]