Suppose you are hungry while roaming around in a mall (or a road), what do you do? Largely you eat at the nearest attractive joint. Correct? Well if you had a ‘food planner’ he would advise you – See your Goal statement. You are hoping to lose weight, so curb the hunger. This hunger is […]
Yesterday I ran the Standard Chartered Marathon. Maybe I used the wrong verb – I walked much more than I ran. However, there were some lessons. I had done the marathon in 155 minutes in the previous year (year 2008) and set myself a target of 145 minutes for this year’s marathon. However my sincierity […]
Do you want to know the real secret to successful investing? It’s a deceptively simple little thing called an investment policy statement, or IPS. An IPS spells out an investor’s investment philosophy, asset-allocation targets, and expected results. It also lays out a plan for how the investor will monitor his or her portfolio. We will […]