For many generations we have believed what we own (i.e. items on which we are allowed to put our names) are our assets, and monies that we owe are our liabilities. It took Robert Kiyosaki to tell us that assets that put money in our bank are our real assets – equity shares, rental property, [...]
One very important characteristic of high achievers is their ATTITUDE towards the field in which they are. Roger Federer immediately said yes to WADA testing. Nadal cribbed but then accepted it. Indian players backed by the Board will initially say no, but may say yes under pressure. A decent chance of getting T-20 into the [...]
There is one person who is rarely quoted in Financial Circles. He is George Bernard Shaw. He said “Whenever I go to my tailor, he measures me up”. I wish all of us would do it! Once we decide on a particular thing we do not let new facts change our minds. We carry prejudices [...]
Shariah Investments in my portfolio, no thanks!
Benchmark Mutual fund announced a Shariah compliant fund recently. Of course many mutual funds (Reliance, UTI, to name 2) are all in the process of launching and managing a Shariah compliant fund.
What is a Shariah compliant fund? And what does it do?
Shariah, the religious law of the followers of [...]
One amazing rule of investments is called the ‘Golden Rule of Investing’. The Golden Rule says “he who has the Gold, makes the rules of investing”. If this post gets you nostalgic, you must have been born in the 1960s!
Once upon a time there used to be a ‘ring’ in The Stock Exchange (you dummy [...]
June 6 and 7 (2009) Nehru Centre, Worli, Mumbai, India will see an unique event for the retail investor. Many fund managers – (Nilesh Shah (icici prudential mutual fund), S Nagnath(dsp mutual fund), Madhu Kela (reliance mutual fund), Prashant Jain (hdfc mutual fund), Rakesh Jhunjhunwala (Rare enterprises) – an investor, Sanjoy Bhattacharyya, are all people [...]
There are many people wondering whether this is a bear rally or a bull rally. Unfortunately only with time can one say whether the recovery will be V shaped, U shaped or L shaped!
There are many fantastic signals to say that this is a bull rally. ONe is the sharpness/ shrillness of the ‘pyt’s who [...]
George Mathew & Swarup Chakraborty of Indian Express Mumbai have done the following story:
At a time when banks are slashing home loan and other lending rates, they are quietly hiking the interest rates on credit card outstandings.
Since October 2008 banks have raised interest rates on credit cards, some by over 4 per cent per [...]
The cheer leaders are screaming once again – welcoming the 10,000 index. Whether it is television, print, or the internet – all of them have headlined the great reclaiming of the 10k index.
The typical middle class guy is happy, but of course skeptical. The questions he is asking are the following:
Will this market rally last?
Does [...]
March is the month that insurance companies, mutual funds, their agents, banks, relationship managers, etc. love! Throughout the year sales of all these products have been taking a hit. All life insurance companies are funded by the strong and rich parent – SBI, Hdfc, Icici or the foreign counterparts.
One branch of one life insurance company [...]