This article appeared in Money Today….long back….. From what to how P V Subramanyam October 24, 2007 Print Email These days client questions have changed a little. No more is somebody asking—“Do I need to do financial planning?” Rather the questions are: “How do I do financial planning? What are the advantages?” These questions are […]
Approach your Job like a business! Companies across the world operate in much the same way. They go into business, manage their expenses and try to turn a profit. This concept that can also be applied to personal finance. Think of yourself as your own business. To make your business a success, you need to take […]
Continuing my post of 23rd (yesterday) ..remember the fundamentals. How much money you make is a function of how well you manage your money. Remember what Warren Buffet said about “financial derivatives” – he called them “weapons of mass destruction”. If bankers, merchant bankers and others are being bailed out – do not laugh at […]
Risk to a great extent is counter-intutive! When the index was 3000 (circa 2002) I would meet bank Relationship Managers and IFAs (Independent Financial Analysts) who would tell me “Sir, I only sell debt funds. They are so secure, and you know last year gilt funds yielded 19% p.a!”. I would gently probe and say […]
In every financial planning class I need to do a post lunch session. To keep them awake I ask them to do a simple exercise – calculating how much money they require for retirement. Unless they are at least 32-33 years of age, they have no clue as to how much they need for […]
When it comes to saving and investing, people are obsessed with the returns they’re going to get on their money. Whether it’s debating the merits of a particular investment strategy, discussing the pros and cons of insurance, pensions and mutual funds (or increasingly unit linked plans) or simply searching for the best interest rate on […]
Financial planners, mutual fund sellers, bank RMs, all of them have a knack of racking up a large number when it comes to your retirement corpus! Normally they do this so that they can galvanize the client to act. However, from what I have seen it normally has a negative effect! When people look at […]