Most writers of personal finance have spent half their lives talking about the virtues of compounding, well, at least I have. So not compounding your money is bad. That is done and dusted. What can be worse? Borrowing. Borrowing is worse than not compounding your money – it is a case of NEGATIVE compounding. […]
This may sound very simple, but then simple things which we think are common sense need to be told…right? So what are the 4 crucial factors that determine your retirement corpus amount? Well if you do not know, here are the 4 factors: 1. How much you invest: Many people think that they know […]
Sir I have Rs. 100,000 to invest, what should I do? Want to invest for 7 years… Answer: In such turbulent times you should not invest in an equity scheme. So please invest this money in a clutch of balanced fund – Franklin Templeton Balanced fund, Reliance..fund (do not remember which), Hdfc Prudence fund, and […]
J Dey was a journalist – and I believe he studied in Fatima High School, Vidyavihar, my alma mater too! While switching channels between Discovery and Music India..i happened to hit a news channel. They announced that the Mumbai Police has cracked the case, Chotta Rajan’s henchmen killed J Dey and the sharp shooters have […]
Even though this is not the tax season, I do get a lot of questions related to ELSS. Let me enumerate them: 1. Should I invest in ELSS? 2. Is there a lock in? When does the lock in start and when does it end? 3. What rate of interest will I get (yes, still […]
We all know who writes columns of lies, lies and honest lies, so here is a dig… Look at the Quantum Mutual fund advertisements which appeared in the national press. The advertisement says “we have eliminated distribution commission…” so your money works for you. There are 2 types of charges that a customer pays in […]
Are things falling in place? Mr. Sharukh Khan wants to bid for KKR. So he goes to Mr. Rajiv Shukla of BCCI and IPL fame and Rajiv helps him. Of course for a small fee of Rs. 10 crores. The Rs. 10 crores has to be spread over a few issues says Mr. Khan. Agrees […]