If you had a heart attack or a paralytic attack, what would your family do? I am assuming that I am addressing the head of the family. Now if you are NOT the head of the family, ask yourself the following questions: 1. Do you know who all to call if there was such […]
Who should pay for the higher education of our children? Ideally somebody else. Like a scholarship. My niece is on her way to Harvard – and is being partly funded by a scholarship which is meeting about 50% of her TOTAL COSTS – and completely covers her tution fee. However not everybody gets admission and […]
The Reserve Bank of India has just issued (I mean I just saw it at 9.30pm) a circular signed by its CGM – Alpana Killawala. This says the investigation of the cobrapost.com episode (where they had showed bankers talking about money laundering) will be over by 31st March, 2013. Great. The investigation will exonerate […]
It is really a pleasure to write – I address an audience of 3 million views – from 139 countries. This is not small by any stretch of imagination. However, along with that it means I get mails asking me for help in investing. The questions are more like: – I am 45 years of […]
Every cheque that you write is either an expense, savings or investments. Sadly not everybody knows the difference between the three. In fact todays plan includes telling you that there are 2 types of investment too! OOPS, right? Ok..when you go to a hotel and pay for the food, it is an expense. This […]
It is amazing how people will not do simple things to make money! Start early, index your investments, do not interrupt the compounding process…..but will continue to do stupid things. In 1600 it was tulips, in 2012 it was Social Media! The fall in market capitalization of Groupon is about US $ 20 billion, and […]
When a person joins a company (actually any job – bank, government, army, private sector….) he/she gets an appointment letter. This letter has a ‘Gross Cost to Company’ figure…which looks good and impressive…say Rs. 600,000. Now the kid who gets this letter thinks he is going to get a cheque of Rs. 50,000 every month. […]