This is perhaps the most often asked question. I have seen people mess up quite dramatically. One HR consultant once called me and said “I have Rs. 52,000 where can I invest?’. So I got of on the pedal saying “Equity is good for the long term….etc”. Then when there was a blank from the [...]
What is an emergency fund? and Do you need an emergency fund? My views of an emergency fund have changed a lot since the Satyam episode! For most of Satyam employees Raju’s ‘confession’ was an emergency. How would they have adapted to it? Or still adapting to it? What would happen to you and your [...]
Personally speaking credit cards is something I lived with for most part of my life. Till it became embarrassing not to have one. I needed it for travelling, ticketing on the net, etc. so I got one. There are many ways how a person can use his credit card sensibly. As far as I can [...]
Thank God I am not an expert on debt. Or of debt repayments for that matter! The caveat first – I hate debt. I hate debt. I hate leverage. I rarely do an Options trade, nor do I ever buy a share in a Futures trade. All assets have been paid and bought. Now let [...]
A few days back I had written about cash as a strategic asset for businessmen. It can be an emergency asset for an individual. When Iraq decided to invade Kuwait many people (including Indians) had to leave Kuwait almost overnight and run for their lives. A friend was stuck in Kuwait – along with his [...]
this appeared in the personal finance section of reuters.in under my byline Escape from Debt If all the people who talk to me are sensible, well educated people, how is it that the Human Relations Managers of many companies call me for asking questions like “Can we do a 3 hour session on how to [...]