I know one lady whose husband is a graduate working in the Gulf. Typically like every Gulf employee he too is paid better than say an India job, but you really cannot get RICH on a job as a clerk. So her get rich quick schemes have included collecting money for shady chit funds, shady [...]
I watched 5 minutes on a channel that was discussing Financial Advisors. An interesting suggestion came up – one of the panelists said an advisor should get say 20% of the profits and about 10-15% of the losses in a clients portfolio. Brilliant advise. If you do not know what a portfolio manager does and [...]
It is not that the retail investor cannot invest on his own, it is just I think the odds are terribly against them. Let us look at some of the foolish statements that I hear from time to time: 1. I do not make losses in the market: A wife told me that this [...]
I do not know why you are against real estate Subra! This statement is then followed by the following: 1. See over the last 30 years what fantastic returns I have got! 2. Real estate NEVER goes down unlike share markets. 3. God does not make them anymore 4. Mumbai, it suburbs, Delhi, Bengaluru, NCR, [...]
One friend (lets call him A) came to me complaining about another friend saying ‘D has not returned my loan of Rs. 44,000′. He perhaps wanted a shoulder – and my readers know ‘I hate tears’ (LOL: Amar Prem, Rajesh Khanna!). So I turned and said ‘Why did D choose you to borrow from?’ A [...]
Once in a while you think back in life and like the Englishman says “One day if you can look back and laugh…it could not have been that bad after all” These are not about the troubles I have gone through. God knew (knows) I am perfectly not capable of handling problems, so does not [...]