Some more data from the same report mentioned earlier! Aum as a percentage of the GDP in India is still at 8% compared to 79% in USA and 39% in Brazil. Will India go the American or the Brazilian way? It is difficult to say, but from the looks of it, India will go that […]
I know it is difficult for many readers to accept that they are poor because they call themselves poor! Have we wondered loud enough about is India poor? I regularly see articles and advertisement for houses costing Rs. 10 crores (2.5 million US $) – and many of the houses being sold out. Are they […]
I have never been able to handle this question! When do you teach your kid about eating? About brushing teeth? About taking bath? You do not. They just learn about all these things. So if you do take your 3 year old to the shop regularly, the kid sees what you are doing. Yes you […]
Once when we were looking for a water cooler (to be installed near a temple) a friends’ mother offered it to us. It was a big amount (circa 1985 Rs. 2 Lakhs) and we felt happy that the job was done. When we asked her what name to put on the cooler – she said […]
Either my clients are getting more charitable, or they are asking me for more advice on how to do charity! Recently a friend wanted to invest “so much money, so as to create a Rs. 3.6L income for a charitable organisation” – can you tell me how to go about doing that? My advice is […]
I recently read a small (about 80 pages) report on the Indian mutual fund industry. Most of the facts were well known, but still some were surprising. Here is a small summary of what I found interesting (the whole report is): This was a market survey of 750 investors, 850 Independent Financial Advisors, and 40 […]
Make that first investment; waiting is costing you a bomb! After every lecture on financial planning, I get many requests for information from, young people just starting out in life. Regardless of their age, people do realize that a little upfront planning and action can put them ahead of the game. Therefore, here is what […]