Well Sebi says the fund industry will be able to charge 2.75% p.a. as fund expenses. Since you will bear the service tax, brokerage, etc. assuming that it will cost you about 3% p.a. is a fair call. This is charged on a weekly basis, so you need to take the impact of weekly compounding. […]
this was written in 2007-8 and appeared in an abridged form in moneycontrol …. Hello, Congrats on the nice job you have got! With a degree from an Ivy League school this was a nice job to land. I know you have majored in Finance and are hoping to make money by the tons. […]
In most companies the people at the HO hate the guys who go out and sell. Make no mistake most companies hate the sales guys – employees, agents – are just nomenclatures. By any name they are hated. The company – I mean the ‘HO’ people LOVE the cheques they bring, but hate the sales […]
Money in the hand today is worth more than money that will come in tomorrow. Obviously money has a time value. However questions are never asked like this… For example a friend has a small cozy flat in one of the suburbs of Mumbai. He paid Rs. 77,000 for it in the year 1976 – […]
Delayed gratification is so boring! Particularly when it comes to finances, constantly pinching pennies and saving all your extra cash is pretty darn boring when you get right down to it. Which is why so few people do it well. There are too many fun things to spend money on.Yet, unrestrained spending (especially the kind […]