How much should a professional charge as a fee? This is a question that I have found almost impossible to answer. Let me tell you why. Suppose you have a client who has a slightly complicated family relationships. The client is a 65 year old widow who is rich, and has the following assets: One […]
When it comes to buying any asset – I am using the word loosely there is a tendency to borrow. Borrowing actually helps you immediately by allowing you to buy beyond your means. The problem with most things we buy is that once we buy it, it ceases to hold any attraction for us. […]
Well I have no connection with the regulator unlike some of my esteemed friends. The regulator does not know me, and I doubt if he knows of my existence. I doubt it. So chances of him calling me for ideas about how to simplify the mutual funds for the common man are not just remote, […]
I found a 78 year old man with a very strong balance sheet, but poor P&L account! What does it mean? Well he had a lot of assets – a nice big house which he was not using much, equities, bonds, and of course cash. Life long if you (and me) are brought up saying […]
Here are some more things which people tell you regarding retirement. Here I am bashing them as wrong. It may have been right a few years ago…no longer true. 1. Your debt and equity asset allocation should be based on the 100-age rule: So if you are 70 years old, it should be 100-70 should […]
I am not sure whether Abuse of women by their partners is big or sexy enough for Aamir Khan to cover in Satyameva Jayete. I am seeing many cases of abuse, but in this blog I am planning to cover only one type of abuse. First of all there are 3 types of abuse that […]
A finance ministry official says “If foreigners are allowed to invest directly in India, volatility will go down in Indian markets”. I am completely unable to understand this. Like I cannot understand what is wrong with Intra day or Intra month volatility! Markets have always been volatile – the question is how volatile that […]