I have a friend who says whenever he gets a raise – or around that time – his father has some demand worth Rs. 30-40k come up. It could be remodeling his furniture, change of a/c, new washing machine, …a vacation etc. His father used to work in a private sector company and retired as […]
Whenever there is a group activity, and there are costs, pricing comes into play. The problem is NOT everybody understands costing. I would daresay that most people do not understand costing at all. Let me give you an example from a Running club. These are the costs incurred for conducting a run: Transport (Rs. 1200), […]
The kind of personal financial help that you get from professionals leaves a lot to be desired. This is true in US and UK. In India of course you only have sales people – and caveat emptor prevails. You need to know what you are buying. However in countries which are far more law minded […]
Well being cynical is one sure way to make people think, right? Not sure but I keep trying it all the time. ‘Sir your income will increase by 12% every year so you can increase your SIP contribution …..’ ‘Like Subra says ‘If you give up the Barista coffee which you have everyday and instead […]
Recently I rounded up 10 friends and asked them to gjve a hurdle rate that their investment should give. Most of them had 8% for debt instruments and an amazingly fantastic range of 12% to 40% when it came to equity. Some of them BELIEVED that real estate HAD already given about 24% return over […]
Every cheque that you write is either an expense, savings or investments. Sadly not everybody knows the difference between the three. In fact todays plan includes telling you that there are 2 types of investment too! OOPS, right? Ok..when you go to a hotel and pay for the food, it is an expense. This […]
Subramoney was the only blog which did not have a view on the most important media event of the day at 11am. So I decided to write my views (at 8 pm Wednesday) on PC’s budget to be presented on Thursday…here it is. It is the only post (I challenge you) to have such a […]