If you are wondering why I keep repeating some of these things, it is simple. I keep meeting people who make such basic, basic, basic mistakes in investing, that it is painful. I met a person earning Rs. 400,000 a MONTH being asked to take a Rs. 700,000 loan, BECAUSE the interest is tax deductible. […]
Mostly people tell you ‘I bought a house for Rs. 50 lakhs’. Great. A house is rarely just the cost that the broker told you when you bought the house. Have you seen what are the associated costs? Cost of the house is Rs. 50 lakhs. Assuming you did not have any money for down […]
So many people tell me (OMG and I politely nod) …here is what I wish to tell them: Subra, I made money…. a. buy getting ESOPs in my company b. buy buying a house for Rs. 30 lakhs, now it is worth Rs. 90 lakhs and only Rs. 12 lakhs of the loan is to […]
In the past 10 days 2-3 people have asked me for feedback about 3 financial planners. I do not know the people asking the questions, nor do I know the planners. Obviously I know the names, but I will not name them. I politely said ‘I as a professional will not comment on the work […]
‘The biggest risk in a portfolio is the portfolio creator’s inability to understand risk’ I have no clue whether Mark Twain, Warren Buffet, Peter Lynch, Taleb, or anybody else has made this statement…if they have not, here is a original statement from Subramoney. As originals are very rare, please remember you read it here first. […]
There is only ONE reason why people get into debt. Living beyond their means. Make no mistake there is just one reason. However when people get into debt, and when they come to me, they justify on various grounds…I have very little sympathy -Satyam is never Sundaram, but always SHIVAM!! What are the main reasons […]
The Sundaram Mutual ad is giving reasons – ‘Why investors love our dividend policy’….3. They say to pay dividends, funds must BOOK profits. This is true, but how does the fund house know whether I need the cash today or after 5 months? Do they know that I am a 23 year old hoping to […]