What Warren Buffett says about basic investing, spending, savings are so true, that MOST of us know it. However too many of us do not live it. So it is useful if once in a while somebody can just rejig the memory. If it does make a change in your life, thank HIM (I […]
One Reader named Rajeev had put this in the comment column and had addressed to another reader Siddhant. Since all of you may not be reading the Comments column, reproducing it here. Not a word has been changed… Siddhant, I went through similar disbelief a few years ago. Then I used my excel […]
Sorry to use SEC’s name for this article. I had to. It is too much based on a new questionnaire that they have put up on their site. However it is only a decent reproduction of the same, because a lot of my comments are inter woven into it. Well for starters, I have […]
India is a savings country. It suits the government very well. Most Indians keep the money in banks, national savings certificates, Kvp. Of course to ‘save’ Income tax they put the money in LIC. When the government gets cheap money it is happy. Of course these days it needs the equity market also has to […]
When a 25 year old earns Rs. 500,000 gross, and has read ‘Retire Rich Invest Rs. 40 a day’ you think there is some chance that she will save for retirement. Or at least save something, for some event, right? Wrong. ‘Subra Retirement is for my Dad, I need to live it up’. Here is […]
I recently met a life insurance agent who has been selling financial products for the past 13 years. His life has not been too bad. The agency commissions from life insurance, mutual funds, company fixed deposits, and certain other products has been his main source of income. His wife is not earning. With this he […]
‘Sir I took a ULIP because my classmates sister became an agent’ – but it is ONLY Rs. 12,000 a year, I CAN AFFORD IT. – earns about Rs. 800,000 a year, has close to zero savings, busy paying off 2 wheeler loans, marriage loan, and about to take a car loan. ‘Subra I realised […]