We are in the cowboy stage of financial advisers. Let us say something like the 1970s of the stock exchange or the 1940s of the banking industry! Let me list a few: 1. If you do not understand equity markets stay away: Correct advise only if you are so damn rich that you are not […]
When it comes to investing in equities, it is nice to have a lot of rules. This means your full portfolio behaves to certain rules. Rules can be made for: – Stock picking, Stock review, Portfolio balancing, re-balancing, diversification, …. HOWEVER IT IS ABSOLUTELY NECESSARY TO KNOW why it was made in the first place. […]
There is a huge real estate mafia which holds prices unrealistically high in Mumbai. I have no grievances – but it is mispricing all the services available in Mumbai. A trust which owns a school in Santacruz, Khar, Ghatkopar or Chembur (just 4 suburbs) can charge whatever fee it wants. Does it mean the teachers […]
Now that there are more than 1100 readers on my blog regularly…the Google data analysis makes interesting reading. What i find amazing is the fact that people from 208 cities monitored by Google come to the site. Even assuming 10-12 of bounce back, it still means close to 200 cities have people who know about […]
Year: 2009 Month: July Mr. C B Bhave abolishes mutual fund loads. This event of abolishing loads by SEBI (on the mutual fund sales) there is increasing pressure on other regulators to reduce charges / fees. So the following scenario can emerge: IRDA has decided that all life insurance products – term, unit linked insurance, […]
One big time broker who is also a CA….was involved in a fraud case. He went to jail – as did his father. Father-in-law was lucky he was spared. The father told one of my friends: “I do not know what my son did in life, but thanks to him I saw the jail”. For […]
Why should I hold cash? A very good question which many people keep asking. It is true of individuals, corporations and funds. Well cash is held for 3 main purposes (any Economics tutorial 101 will tell you this): 1. Transactions Motive – to do transactions 2. Precautionary Motive – just in case I need something. […]