Sometime in 1994 a friend wanted to keep some money in a fixed interest bearing instrument. The amount was about Rs. 15000. He kept it in one company – let us call it Company A. Sometime in 1999 I was surprised to see that he still had his money there. I told him and [...]
Well, if you were in the US and I were a Pres candidate…i would have been forced to ask you this question. Well politics aside, this is a question that you should keep asking yourself EVERY year. In case of your personal life, hobbies, work, relationships, etc. you need to frame your own questions.I do [...]
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 [...]
If you believe that all bubbles are created by RATIONAL reasons and causes taken to IRRATIONAL HEIGHTS, welcome to the post. Is Mumbai real estate terribly high and unaffordable? Yes. Let us come to some RATIONAL reasons why people buy: 1. If we do not buy NOW we will never be able to buy in [...]
Let me warn you the title has the word today just to attract you . I have no view at all about gold prices. Personally i do have gold, but no clue how much. In most cases the cost of acquisition is almost immaterial – it all happened decades back….. Why is gold an awesome [...]
What is so scary about retirement? The big worry that you will run out of money before you die. Rather you OUTLIVING your money. Is it a fear? I think it is a nightmare especially for those who do not have assets which they are NOT USING, children not doing well, and those women who [...]