In all my financial interactions – be it planning for clients, training, teaching or writing, people have come to me with some problem which they think is unique. In all the financial problems, I am able to find a pattern. Believe it or nor, people more often than not choose the problem by their behavior. [...]
If you wanted to make a career in a sport would you just watch that sport on television and hope to be a world beater? No, I guess. Similarly if you want to be a good investor watching television or the pink papers or the personal finance magazines and websites may be not the best [...]
This is not a debate on whether you will live long or not live long. It is simple and easier to assume that you will live long – pretty long if you ask me. If your grand parents are pushing 85, your father is in his 2nd innings, but still holding a job at the [...]
When it’s time for you to retire, will you be able to afford it? Every person you see working beyond the age of 59 is worried about his or her retirement. Almost all the research conducted on the subject over the last few years shows that most individuals are unable to demonstrate financial readiness for [...]
Last week I was speaking to a cousin who has just retired – and is likely to get a few million in retirement proceeds. Make no mistake she is rich and not really dependent on this amount of money. Her husband earns very well and they are what can be called “upper middle class” by [...]
If you pick any book on investing you will find the following steps to financial “Nirvana”: 1. Have a plan 2. Make a budget 3. Save regularly, and then invest regularly 4. Know your risk profile 5. Understand asset allocation – and stick to it like a discipline 6. Review regularly. I have no doubt [...]