Mutual fund ranking is another media creation. Media needs to create stories daily. So it helps to have quarterly results. If you have 200 companies 4 quarterly results and 200 final results ensure that 1000 stories are ready. Similarly, if you 250 schemes and you have monthly rankings (thank God it is only monthly and […]
A Very good Poker joke is “Look around the table. If you are not able to find who is to be had that evening, it is you”. Similarly when you are with a professional and you do not bother to find out how he is compensated, frankly, I do not think it is the advisor’s […]
When my uncle called me in the morning and asked me a simple question, it set me thinking, talking, smsing “Is the increasing yield in FMP coming from increased risk” i.e. is the quality of assets falling. And this small note was born. The retail investor, tired of falling equity markets was (is?) looking for […]
Financial planners, mutual fund sellers, bank RMs, all of them have a knack of racking up a large number when it comes to your retirement corpus! Normally they do this so that they can galvanize the client to act. However, from what I have seen it normally has a negative effect! When people look at […]
I am normally against loans for buying things – all my blogs say that. So if you think I am breaking my own rules, well let me clarify. I will give you reasons for NOT repaying the loans in a hurry. The reasons are simple: 1. We will continue to inflate, so if you have […]
This is arguably the most important financial decision in your life you will ever make! Not too long ago life was simple. You wanted a bank account, you went to a bank. If you wanted to buy shares, you went to a sub-broker (a broker was out of reach till about 15 years back). If […]
“If you spent 13 minutes last year guessing about the economy and the indicators, you wasted 10 minutes”. I am not sure about whether I got the wordings correct, but Peter Lynch said something to this effect. I am myself not a big believer in asset allocation strategies based on the state of the economy […]