It is easy for me to say ‘you should not take personal loans, because I have not taken’. It is so foolish too say do not borrow. Most people are borrowing out of compulsion, not love for the bank!! Nobody borrows if they can live without that expense. However people do borrow, and when I [...]
Too much is made out of entry load, exit load, ulip, cost of fund management etc. Most of the loss (leakage) in personal finance can be attributed to the inefficiency of execution. Even good advice is lost to poor execution! Let me enumerate (Ripley’s should not use it in their Believe it or Not, please) [...]
Did anybody tell Dhirubhai Ambani that he was very lucky? Take a Talebian view on the success of the late Dhirubhai Ambani. He was a simple man, not very educated, perhaps very well focused, and dammit, GODDAMN LUCKY. Make no mistake there may have been many a persons willing to work harder, smarter, with stealth, [...]
The mutual fund industry is cribbing about there being no investments. Of course there are no investments. The industry has spent all its time pampering, requesting, cajoling the distributor. They have no direct communication with the investor. Do the fund houses need the distributor? Yes. What a tight situation, is it not? Has any fund [...]
Army / Military personnel (this includes navy, airforce, border security forces, etc.) guard our country. However do they undergo any training in personal finance? The answer, is obviously, no. In an interaction with a few young army / ex army people, I have come to the following conclusion: 1. Like the rest of the population, [...]
So many kids – aged 23-26 today have a serious problem on their hands – they have a degree which is not bankable, they have a loan taken to get that degree, and they have no place to stay in a Metro! Vow! Welcome to the American lifestyle. Kids who have left their houses to [...]