Your daughter earns Rs. 44,612 per month as take home salary. You were initially very happy and proud about this. Then 3 months passed, you got her passbook updated, and noticed that she had a balance of 29, 643. You thought it was about Rs. 100,000 short 🙂 What happened? Well there was a phone, […]

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I have been asked this question a million times, and I have said NO a million times. However, like all personal finance (and especially life insurance) topics there is no straight forward answer. So let me start by saying NO. If your children are young, and dependent on YOUR income they do not need any […]

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Every business has to have an office. Preferably in Mumbai or New Delhi. This could of course be rented, but many of them prefer to buy it. They need CAs, advertising agencies, car hire companies, and zillions of other service providers. Where should the service providers be located? In Mumbai or Delhi. Then it needs […]

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you build up a company, then you want to sell the company. who do you go to? a big Investment / Merchant banker? For him you are small change (obviously with million dollar bonuses, if your fees is ONLY 5 million dollars..) In Indian conditions, it must be worse of course. read on how YOU […]

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  A few reader queries and their answers: 1) Do you think pension policies from insurance companies make up for a good investment for availing pension?  Why or  why not? Answer: No. They do not. First of all thanks to some Quixotic regulations no life insurance company is selling a pension plan, so this question […]

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