Mrs. Sanmeet Kaur Sahani is the first lady winner at the Kaun Banega Crorepati..(Indian version of Who wants to be a Millionaire)…this is a program conducted by the legendary Amitabh Bachhan and has got the imagination of the Indian middle class. She won Rs. 5 crores (Rs. 50 million) – about US $ 1 […]

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Funny when we started life, there was a lot of time and a lot less money. I am not even getting into whether we were happy or sad. Growing old has one great advantage – you fantasize about the past. You think politicians were honest (that’s true Pramila Dhandavate and Madhu Dhandavate were still alive), […]

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Let us get it right, the real rich do not borrow. Never ever for personal expenses, buying assets or personal INVESTING. Borrowing and investing is a very foolish thing to do for most people. Will a Mukesh Ambani or a Kumar Birla take a personal loan to buy shares? Tough to answer this question? No. […]

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One financial planner met a client and had the following details: A 38 year old man with a daughter from an earlier marriage (age 11) a son from the present marriage (7 years) a housewife, parents needing support and a mother in law dependent on him. (5 complete dependents, daughter partially dependent¬† – his ex […]

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I have handled this question many times, and have come out with similar answers. However here are some questions which are IRRELEVANT …. 1. How much has the house appreciated by: Many people write in to say ‘I paid Rs. 20L now it is worth Rs. 37 lakhs’…This is completely immaterial. Your house appreciating has […]

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  We want a swanky airport like New Delhi. We tell our friends Delhi airport is better than…..name it and it is likely to be true. However if DIAL were to levy a Rs. 350 levy on passengers, we do not wish to pay it. We want good, swanky, financial services companies – mutual funds, […]

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Pessimism about the markets? Well no. Not really, but can see some dark clouds: – the government’s inability to control inflation – MMS acting like a rubber stamp for the Lady in White – Commodity prices – including crude of course -Interest rates HAVE TO GO UP to compensate for inflation. Sadly Indian population not […]

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