Let us see…getting rich is easy is it not?
Get a good degree ——> It will lead to a great job—-> You will earn a lot of money —-> You have got rich.
This is one route. Well there are some issues – every body cannot get a good degree..so the scheme is torpedoed at the very [...]
March 6th, 2010 | Posted in Uncategorized, financial planner | 9 Comments
About the Book : – To most people retirement is an age. It of course depends on your health, the company you work for etc. However in the first chapter I would like to introduce you to the concept that retirement is an amount of money! After all, if you have that magical amount why [...]
January 17th, 2010 | Posted in Mutual funds, Personal Finance, Retirement Planning, budgeting, compounded returns, equity, financial education, inflation, pension, retirement | 14 Comments
Nobody believes that tech stocks can do well in 2010, correct? This comes from 2 fears – US recovery will not be too great and that the dollar may weaken.
Let us look at the dollar – it looks like the dotcom boom – when we were all sure that the tech stocks can only go [...]
December 20th, 2009 | Posted in Uncategorized, equity | 1 Comment
These are stories about a few friends.
I have 2 friends – aged about 57 years. They were classmates and are now very close to retirement. Their investing philosophies are so different that I could not believe that the accumulated amounts could be so far away from each other. One of them did his MBA and [...]
November 7th, 2009 | Posted in Uncategorized | 5 Comments
A rookie fund analyst called his senior to discuss their portfolio. Of course the CIO does not know about this conversation.
Rookie: Sir I think we should sell of our AbC Ltd. shares.
Senior: Why? I thought at a lower price earning ratio this share was a good buy, maybe we should try averaging.
Rookie: No sir, the [...]
November 5th, 2009 | Posted in Mutual funds | 5 Comments
Why do people become proud? Or what are the sources of pride? Let us enumerate the sources from where man / woman get their pride:
Youth pride: ‘I am young’ is what Shankaracharya called ‘yovana garvam’. It is there is man right through childhood to old age!
Money: “I am rich’ is also a very strong pride [...]
October 27th, 2009 | Posted in Uncategorized | 2 Comments
It is customary for people to give sane advice- if you have a kid, the kid should have a PPF account. This advice makes very little sense. First of all most of the people I meet today invest far, far more in a year than the max possible amount of Rs. 70,000 in a PPF [...]
October 19th, 2009 | Posted in Children and Money, Debt Markets simplified | 1 Comment
Stash away that bonus!
If you belong to that class of employees who gets a bonus at Diwali time, lucky you! Today you would be sitting on that bonus in your hand and the whole family would have a claim on that.
Who are the claimants on this bonus? Lots in fact!
Thanks to the fact that companies [...]
October 16th, 2009 | Posted in Uncategorized | 3 Comments
For all of us how we handle our personal finances is important. In fact how much money we have at the end of our working lives is determined by how well we manage our money. How hard and how early our money starts working for us is important to determine our net worth. Good financial [...]
September 25th, 2009 | Posted in Personal Finance | No Comments
Parroting ‘time spent in the market is better than timing the market’ is done by many journalists especially in the financial sector. However it does not giving the following advise:
“It is your money. So if you are nervous about the market move into cash”
When there are dark clouds, when you are feeling sad, when you [...]
July 14th, 2009 | Posted in Uncategorized, equity | 3 Comments