I have been asked this question a million times, and I have said NO a million times. However, like all personal finance (and especially life insurance) topics there is no straight forward answer. So let me start by saying NO. If your children are young, and dependent on YOUR income they do not need any […]
Thanks to my historic interest in equities, I have some strong views on equity…like the following: a. a small broker cannot make money in broking alone b. a big broker can make money by MONEY lending to traders c. equity is a good investment in the long run d. short term trading is NOT investing […]
I am asked this question a million times, and I have always given a sub optimal answer! Frankly I do not know whether a person needs a financial planner or not. A financial planner has so much of responsibility and work to do that he/she does not do it! In fact I do not know […]
Unless your parents have set the Thames, Ganges, Kosi, Nile on fire, chances are they have not managed their investments well. They may have done well, but it may not have been their strategy – could be luck! So here are somethings that your parents / elders / teachers may tell you…and you should…ignore! […]
One very important thing to know while investing and hoping to create wealth is to know about smartness. Which means when you have a good fund manager who is willing to treat all his unit holders equally, you need not have a high IQ. Also when you are investing directly it is better to know […]
this appeared in reuters.in in their personal finance section in my byline.. Once in a while a man comes along and takes people for a ride. What is amazing about Madoff’s scheme (how funny that he should call it a Ponzi scheme!) Ponzi scheme was actually much smaller. I think it should now be called […]
Yesterday I ran the Standard Chartered Marathon. Maybe I used the wrong verb – I walked much more than I ran. However, there were some lessons. I had done the marathon in 155 minutes in the previous year (year 2008) and set myself a target of 145 minutes for this year’s marathon. However my sincierity […]