So many people tell me, write to me…..saying ‘I agree we should do something about our retirement’ but rarely follow up on their words! So many people in their late 20s and early 30s KNOW that they have to save, invest, etc for their own lives and their children’s lives. They read up good websites, […]
Adam Scott’s secret nine point formula is here and many people have said it deserves the Nobel prize. Ha simplicity is in. However all the people who want simplicity in THEORY actually LOVE to make their lives more COMPLEX. Given a choice between Idli and Aloo Parathan if you choose A.P, remember you are choosing […]
Not sure how many of you have heard about the book ‘Investment Fables’ – it is a book by Damodaran, and an easy read for the layman. It is not a typical alpha, beta kind of valuation book. This title may not be exactly appropriate, but it is actually a response to many many […]
– Markets are in a turmoil, you should be investing in ‘safe’ assets that give guaranteed returns like ppf, nsc, bank fixed deposits. – Do not sell all your equities, but do put some money in debt instruments, it is safe – Do not worry about sector specific investments, but the sectors to be avoided […]
if you opened a bank account and the bank said ‘you have to keep an average quarterly balance of Rs. 5000’ please ask them what it means. In many banks this AQB means all your balances across savings, current, fixed deposits,…are all considered while this amount is calculated. Recently one senior citizen who had opened […]
There are many people in the financial services business whose main job is to sell financial products. What they have been called has changed over the years….but largely the job is: 1. looking for a good product 2. tying up with the manufacturer of the product (a company which wants money or wants to lend […]
A few days back I wrote a piece on ‘Young, Glamorous, Riskless and Broke’. This was about the kids born in the 1980s. Let us take a kid born in 1987 – would have graduated in 2007-8 and finished his/her MBA in 2009. This was not a great season to graduate, but would have found […]