If you are a Senior Citizen, everybody wants a piece of your money, so life is not easy. Having said that even if you are not a SC there are a lot of people who want all your money, what do you do? First of all, we all need a bank account, so it is […]
Yesterday i was watching an episode ‘Crime Patrol’ on Sony TV. I have no clue of the names of the characters, but that does not matter. The story is about a young businessman based in Gujarat…and he thought he was being smart. Sad, as the case is, he was actually getting his family into […]
Why do men lie about money? It is simple: a) they will not admit to the world – even to the wife and kids that they are not earning enough. b) it is a community thing – some communities like to show off, some do not have the need to show off. c) men live […]
In the pre Sebi and pre NSE days, the BSE (actually it used to be called The Stock Exchange, Mumbai) used to do its settlement once in 15 days. Then it came down to once a week… This meant a lot of weak players would do transactions for a much longer period than what they […]
Funny how such a big organisation like the PF authorities do not need to do any mark to market but are ocassionally given some higher (tax free) interest credits. The other advantage is interest once credited, it cannot be taken back. If you have money put more in VPF has been my call (for those […]
It is funny that to be in any business you need to have some qualification. Let us take the mutual fund business for example. To be the Asset management company – you need to have 5 years of track record of some financial business. You need to have a networth of Rs. 10 crores (to […]