I have been bursting crackers now for a few decades and obviously have some ‘cracker’ wounds, but nothing serious. About 3 years back my daughter’s teacher told her “when you go to burst crackers you should carry a bucket of water…just in case…” So in the first year my daughter carried water on the first […]
Recently a friend passed on an article by Ajit Dayal – Evolution of the barber – or something like that. To summarise the article Ajit had said when he was young he went to a barber he said “chop it off” and the job was done. However today the barber tries to sell you gel, […]
In an earlier post I had spoken about 3 people’s attitude about money. Today it is another set of people. I met a 82 year old lady – very active, agile, smart and with a fantastic memory. She had taken up a job when she was 18 years old for a princely salary of Rs. […]
This is perhaps the most often asked question. I have seen people mess up quite dramatically. One HR consultant once called me and said “I have Rs. 52,000 where can I invest?’. So I got of on the pedal saying “Equity is good for the long term….etc”. Then when there was a blank from the […]
this appeared on Utvi when the index was 11,000 or thereabouts… In the latest episode of Smart Money, UTVi’s Vikram Oza interviewd PV Subramanyam who is a Financial Trainer. Is it a common to people stop making investments when times are tough? Subramanyam: When the markets are down, people ask if they can stop their […]
Do numbers lie? Or is it that liars use numbers to lie? Mutual funds are assessed on the basis of their past performance. So the best fund in the last 3 years is likely to be the best fund in the next 3 years – after all we know history repeats itself! Let us take […]
In every class on retirement planning one question which I always get a wrong answer is: “Will you buy big assets like house, car, etc. AFTER you retire?” It is met with an “obviously no. why do you even ask”. Well the obviously no is said and ‘why do you even ask is in the […]