It was in the year 200x that you took a Rs. 40,00,000 housing loan. Now 5 years later you are very comfortable with the Rs. 40,000 per month EMI that you are paying. You and your wife find that you can easily increase the EMI to Rs. 50,000 without a sweat. Should you increase the […]
In every financial planning class I need to do a post lunch session. To keep them awake I ask them to do a simple exercise – calculating how much money they require for retirement. Unless they are at least 37-38 years of age, they have no clue as to how much they need for retirement. […]
Last week I was travelling and therefore watched Television – and it was Utvi Bloomberg that I watched. Here the very sensible (and not so shrill) Surabhi Upadhyay was doing a program on debt reduction / consolidation. Funnily it is perhaps the only program on the borrowing side. Most other channels and ‘personal finance’ experts […]
A couple of days ago I gave you a few reasons to buy gold. Here I am giving you a few more reasons. However let me warn you that I do not have any trading interest in gold, but do have an investment interest in a company called Deccan Gold which is the only gold […]
Last week I was speaking to one of the bright kids I work with. For practical purposes let us call him George Orwell. This kid (25 years old) was born in 1984 and has just started on a nice salary. He spends well but can put away a nice amount on a regular basis, but […]
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 article appeared in Moneycontrol some time back, but (not surprisingly) not too many people appreciated it. Frankly this is one of the best lessons Independent Financial Advisors can teach their investors. THERE are some word pairs that go hand in hand. When you say one you cant help but think of the other – […]