For the past one year Mutual funds are falling over themselves to please the bankers. However it is not having a great impact on the net sales. For many mutual funds, the ‘net sales’ figure by the big banks is NEGATIVE figure. When you talk to a banker however they are not so negative, and […]
My take on why we do not manage our OWN finances well: there are many things in our lives which are in the ‘to do’ list. And largely we can classify them as follows: Habit must do: brush your teeth, make your bed, take bath, – not terribly exciting, but we do. Pain must do: […]
The savings bank account is a place where most of us leave a lot of balance. This is more by habit and inaction rather than any design. Traditionally all banks paid interest on the MINIMUM balance – by some stupid definition – of balance between 10th and 30th. It was difficult to calculate the correct […]
When a client asked me to visit a very successful doctor, I thought he wanted to invest some monies in the equity market. He actually wanted a shoulder to cry about the losses in the F & O market! A small story might be in place. There is a simple mortal who is praying to […]
I am sure all of you remember the very old story of a farmer who had a hen that laid golden eggs. For those of you who do not remember it…There was a farmer who had a hen that laid golden eggs. He used to be very happy to get a golden egg everyday – […]
Now that you have heard about a few of my mistakes, let me tell you more! So here it is: Overconfidence: It took me about 20 years of being in the markets to realize that understanding markets is difficult if not impossible. It is not the first few trades that make you confident – it […]
I have been bursting crackers now for a few decades and obviously have some ‘cracker’ wounds, but nothing serious. About 3 years back my daughter’s teacher told her “when you go to burst crackers you should carry a bucket of water…just in case…” So in the first year my daughter carried water on the first […]