Doctors can create wealth. A lot of wealth. However, it may or may not happen from their earnings alone. Earnings make you Rich. The journey from being Rich (earning well) to being Wealthy (having various sources of income) is not easy. Not to say it is difficult. However it requires effort. It can happen only […]
Here is a cut paste from the SEBI circular of what happened at their meet today: In order to help Mutual Funds penetrate into retail segment in smaller towns, the distributor would be allowed to charge Rs. 100 as transaction charge per subscription. No charge can be made for investments below Rs. 10,000. An additional […]
Let me start with the caveats. I am a shareholder of L&T, and have been a shareholder for a very long period. I did my articles in Sharp and Tannan, which means I have done the audit of L&T. It was a great audit to be in – you got good food, good work, lot […]
The current generation is earning very well – remember most of what people considered as ‘luxuries’ in the 1960s, 1970s, etc. are today considered as a necessity. Also if you consider that in the 1970s when salaries were much lower, and taxation were much, much higher white goods were about 2-3 MONTHS income even for […]
Well this is not about Animal farm. It is about the state of the life insurance industry in India. Let us see the imaginary conversation between the LIC and Ministry of Finance. LIC: Good morning sir. Here is a cheque for the IPO Government Nonsense Ltd.’s public issue for Rs. 8000 crores. I hope the […]
I get a lot of mails – on my blog, on facebook, and of course on subramoney.rich@gmail.com asking me to write on: – borrowing, loan consolidation, student loan consolidation, bankruptcy, …. -smart spending, – trading – in equities and debt, commodities, gold, silver, etc. – futures and options, hedging, – market timing etc. My response […]
I have said a lot about Ayn Rand…and here is more. The publishing industry publishes what sells. It need not be good, moral, correct, intelligent,….but people should buy. If they read and buy more, even better. If they can get one company to buy 100,000 copies to be given away free, they actually do not […]