This is perhaps the most often asked question. I have seen people mess up quite dramatically. One HR consultant once called me and said “I have Rs. 52,000 where can I invest?’. So I got of on the pedal saying “Equity is good for the long term….etc”. Then when there was a blank from the […]
A few days ago India’s largest bank dropped its interest rates on home loans to 8%. This is nothing short of sensational – considering that at the same time one of the top Indian groups (let us say Bluest of Blue) are willing to borrow in the same market at 12% per annum! However, I […]
“Never a borrower nor a lender be” because a loan normally loses itself and the friend. This is an old adage right? Surely Nehru, Gandhi, Rajaji did not have a credit card but their great grand children would all be carrying a credit card, maybe a housing loan (or home mortgage as yankees say it), […]