Today it is very easy to live beyond ones’ means. If you take any magazine you will find about 15 advertisements – of this about 14 will extol you to live beyond your means. If you can afford a Ford Ikon, they will urge you to buy a Honda City. If you can buy […]
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 […]
The government keeps talking about Inflation Indexed bonds – we are not clear when it will come. We have no clue as to how it will be structured in India. However this is how it should work if they do a cut and paste from the US – TIPS is the US product. Principally this […]
Many articles in the media sound like PR handouts of the BFSI space, and it makes for amusing reading. Let us take articles saying ‘an income fund or a liquid fund is better than a bank deposit because it is tax efficient….etc. I do agree with that logic, and I do think that income funds […]
Subra one does not know whether I will pop off at 45 or like A K Hangal at the age of 98. So in order to live peacefully, I need to create a serious amount of income and wealth. – So said a reader who is about 40 years of age. He also said ‘the […]
I meet people in the ‘well-off’ cadre. I mean people earning not less than Rs. 3L per month cannot be called ‘not doing well’ correct? Some of the things that I tell them, is impossible to believe. Not sure HOW many of you will even believe this (Subra do not think you know everything and […]
A friend called up to ask ‘Why do i have to pay a higher interest RATE for a second hand car than for a NEW car?’ How much is the difference? about 3-4% p.a. for 4 years…..so that you lose most of the advantage that you got in the price while buying. Wow. Why does […]