I do financial planning at a more philosophical level than most other planners. I largely look at my ‘job’ of helping people help themselves. This of course is NOT a good business idea, and does not make any sensible money, but so be it. Recently a reader turned friend had asked me to review his […]
Iceland is a remarkable success story – by going against the advise of some ‘smart’ bankers like the American bankers. There is a brilliant article in Bloomberg (so those who have access to Bloomberg please read ‘Iceland Resurfaces, by Yalman Onaran) -it is there in the printed version also with a brilliant photograph by Tom […]
There are a few Golden Rules of investing…apart from the most important one..’The Man who has the Gold, makes the rules’ …apart from that the other rules are: 1. Do not abdicate financial understanding: “I trust my adviser” is not always a statement of faith. In many cases I know, it is a matter of […]
When a friend who has Rs. 3 crores of aum says I need to create an income stream for my parents what do you do? worry about the loss of aum? suggest a MIP with 10% equities or tell the truth – the Senior Citizens Saving Yojana – now made convenient by being able to […]
If you have wondered how the ultra-rich manage their money, welcome to the world of Family offices! Family offices are private advisory firms that serve ultra-rich clients. When a client has a large amount of money to be managed and needs a full fledged infrastructure to do that – a banker, a Chartered Accountant to […]
As a business if PMS has to sound reasonably profitable the minimum size of the portfolio should be at least Rs. 10 Million (Rupees one crore). Why am I saying this? Well if I have to meet a client 2-3 times a year, take his phone calls 12 times a year and get my staff […]
Some amusing incidents… A friend who heads wealth in a big branded organisation was sitting in his office…and I was one of the persons in the room when this happened. We were having coffee when his immediate assisstant came asking him to come along for a meet. My friend said all the right words..You must […]