I am surrounded by a lot of ‘part-time’ portfolio managers. Of course the other name for them is voluntary contributors to the broker welfare fund. Their reasons for buying a share, holding it and selling it can at times be hilarious. However without getting into whether we are in a bull market or a bear […]
Last week in my quest to gather information of how doctors live I met a doctor and had a look at his annual cash flow. It almost scared me. Here was a doctor (for our story let us call him Dr. Pradeep married to Bhargavi a house wife). Here is his annual cash flow statement: […]
How can a Doc retire early? Docs start earning quite late in life – at least the big bucks come at a late stage. So is it really possible for a Doc to retire early? It really looks difficult. Docs unless they are super specialized and have created some kind of aura about their capabilities […]
A few days ago I was watching a personal finance program on ET TV. How some statements are now being thrown about is very surprising – and amusing if one were not bothered about the side effects. A portfolio for a 55 year old individual (5 years to go for retirement) was about 50% in […]
Real estate is going North? Good news has been swirling around all the markets lately. GDP numbers, employment numbers, real estate numbers are all being flaunted at you saying: “Ha the recession is over”. However if you are a Chartered Accountant by training and have been in consulting, being skeptical comes easy. Once upon a […]
There are 2 ‘good’ or ‘great fund managers’ in India. They have (had?) a great reputation for fund management. However I am not naming them for obvious reasons. One if a fund manager with one of the top fund houses. On television he makes statements which are either completely off the mark or hurtful to […]
Yesterday I met a pharma distributor. He is really huge – and controls a full state. Just to hide his identity will not reveal which state. He was talking about retail margins in the pharma industry. First of all the ‘billing’ price is far, far below the MRP (which incidentally in India is a fraud). […]