First of all let me clarify..it is a FREE EVENT…but the bookshop will like it if you buy a book…..I would like it if you buy my book…i.e. Retire Rich: Invest Rs. 40 a day! It is a NEW EDITION…and it is vastly different from the previous one. Many concepts like NPS, Step up Sip, […]

In life the toughest journeys are made alone. Investing is one such journey especially in direct equities. You start off on your own and then seek the help of Buffett, Graham, Fisher, Lynch, – but remember these are not the theory guys, these are the “applied” guys. You still need the theory guys. For example […]

When you start your career…you have some needs. In college you learnt that is was nicely tabulated by one Maslow and it is called the Need Hierarchy. A hungry person is hardly going to bother about whether the person feeding him has any respect for him. His hunger takes top priority. Similarly only a person […]

A mutual fund is just a pass through vehicle where a fund (scheme) is money held in a trust. The ‘manager’ (like an architect) need not have a net-worth – after all they are just ‘managing’ the money and not owning the money. Not sure if everybody understands the difference between a bank fixed deposit […]

I had just finished a class on investing, and then the next speaker was to take over. I had to do the follow up lecture too – so some spill over had to happen. I had told the class that to retire one should have equity, and that is the only way. The next speaker […]

If you had just bought the Index in 1979 for Rs. 100 and held it till today…it would be worth Rs. 39000. If you had reinvested the dividends too, it would be worth Rs. 56000. This is a rocking return of 17.3% cagr, The is a far cry from FD, ppf, gold, most real estate, […]

The Mutual funds regulator claims that they want to reduce the cost to the end investor. Great. So you should touch the costs of the manufacturer, instead it touches the costs of distribution. Why the great regulator cannot come with a cost structure for “direct” investors. Whatever you want the cost to be…bring it there. […]