Today every T, D, H and his aunty has become a financial planner. Largely it means they will provide you a cookie cutter questionnaire (if at all), mouth some brilliant one liners ( equity is for the long run, Hdfc Equity fund has a good long term track record, you must have a child plan […]
If we have a debt (or a bill) we normally pay it on time, right? Hey no. Not always do we like to pay our debt or bills. We pay our bills only on the following conditions: 1. We acknowledge it as a debt: I borrow money from friend A and lend to the business […]
Earning well but poor…was a title which hurt a few people…so I have blunted it a bit by saying ‘not rich’. Please define your levels of ‘not rich’…so here are the reasons: 1. You are stuck to a job: you hate your job, your boss, your timing, your job location….and ditto for your wife. However […]
If I did not know how the government works (no even now I do not, but some readers may think I know), I would have believed that the brokers association has done a good lobbying job. That does not seem to be the case. However the RGESS (Rajiv Gandhi Equity Saving Scheme) is likely […]
When a banker aged 58 buys a UNIT LINKED PLAN…do you feel sorry for him or say ‘well all your life you did to your clients did you not?’. A banker spends all his life dealing with legal documents, he knows the value of the signature that he puts on the paper, correct? He is […]
No this story is not about greed. There was a farmer who had a hen that laid golden eggs. The farmer was a bit of a miser. He looked at the hen and thought – all the expense is because of the front side – and all the income is because of the back side. […]
There are many kids of today whose parents still believe: – PSU jobs are safe and the best -dealing with a government agency is good, because they will not cheat you Sure Psu jobs are the best -ask the retiree from Air India who has not been paid his dues…for the past few years. So […]