When a friend who has Rs. 3 crores of aum says I need to create an income stream for my parents what do you do? worry about the loss of aum? suggest a MIP with 10% equities or tell the truth – the Senior Citizens Saving Yojana – now made convenient by being able to […]
Long ago when a good friend of mine was learning the basics of astrology, his father (and teacher) gave him a horoscope and asked him for his opinion. He said “it is a lousy horoscope” – this guy has no marriage, he will never own a house, he will not amass wealth, ….”. His father […]
http://www.subramoney.com/personal-financial-planning-workshop If you belong to a category of people who mix personal relationships and business relationships, welcome to being an Indian! However there is a marked change happening – and there is no age group which is changing. Let me give you some examples. I deal with a person who heads training in a Wealth […]
A couple of days ago I got a mail saying “Insurance is a waste of money. I am 62 and never needed it”. It is such an amazingly stupid statement I could not believe it. ‘I’ have not needed it does not mean ‘nobody’ needs it. So it is foolish to talk like this. It […]
There are many people who like to make lists – tallest, shortest, fastest…but one list everybody loves to see their name on is clearly the Forbes’ list. The Richest Man. Sadly only the person with the highest net worth can be measured honestly. I know of one businessman whose office went overtime on the net […]
Over the last many years after interacting with people I still cannot understand human behaviour. I can only say that I tried doing something! Over the past 3 days we did an event called the “India investment show”. Fund managers, analysts, company managements, come and make presentations – and the common man can walk in […]
If you handle money, if you need money, if you borrow money, if you lend money, if you invest, if you support a family, if you are a NON finance person – you still have to learn about money. We do seminars on Finance – both business and personal finance. We are planning to […]