I love contradicting myself..but this is not contradicting the earlier post…. When a 38 year old says…’My wife is tired of working…and she is quitting her job. She is getting Rs. 32 lakhs as Provident fund, …etc. should I use this amount to pay down my (our) housing loan of Rs. 44 lakhs..my answer is […]
Thank God I am not an expert on debt. Or of debt repayments for that matter! The caveat first – I hate debt. I hate debt. I hate leverage. I rarely do an Options trade, nor do I ever buy a share in a Futures trade. All assets have been paid and bought. Now let […]
What do you do if people disagree with you? Get angry, resign to fate, fight, ignore them…well look up the Cognitive disonance….but first read on.. There are some deep beliefs that you cannot question. Let us say the scientists in the world believed that the world is flat. It means many years of research including […]
If you do not understand the basics of a subject..statistics do not help you. So if you do not understand investing..it becomes easy for the salesman to tell you a story..with numbers.. If you understand cricket you will appreciate the examples: Inzamam Ul haq.. has a better batting average than Sachin Tendulkar in New Zealand. […]
One important part of portfolio management is to have self confidence. What I mean is if you have a good company in your portfolio, do not think it is a bad share :). ‘Ghar ki murgi daal barabar’ becomes a reality even while you are handling a portfolio. If say I have 1000 shares of […]
If you are in the financial services industry you would have heard some whispers..that something big happened. Then murmurs..then rumors…but here is the full story… http://www.moneycontrol.com/news/features/what-really-happened-at-aditya-birla-money_500993.html
Sorry Minister it is a Systemic Failure! If you have seen 3 scams (big ones) and bribing (rampant) bribing in PSU banks all your life, this so called scam should not come as a shock (or surprise) at all. Once in a while such transactions erupt and the news channels have something to scream about. […]