For many generations we have believed what we own (i.e. items on which we are allowed to put our names) are our assets, and monies that we owe are our liabilities. It took Robert Kiyosaki to tell us that assets that put money in our bank are our real assets – equity shares, rental property, [...]
Inflation story continued………
Psychological Impact of inflation is quite harsh on the investors and savers. Economic theory says when inflation is high, people will tend to spend more – because there is no incentive to save. This is true to a very limited extent. Most people get so scared that they start saving more and reducing [...]
Are you in Denial mode regarding your retirement financial needs?
I cannot comment for every one, but too many people I meet are in denial about their financial needs for retirement. Most of us do not want to accept that we will buy 3-4 washing machines, air conditioners, refrigerators, maybe about 2-5 cars, at least one [...]
Or Why you do not need an investment consultant or an Investment Advisor !
If you need bypass surgery, you should find the most qualified surgeon available.This need not be the most expensive surgeon. Some surgeons are better at PR so they command a higher price. Some surgeons are good but in smaller hospitals. You need [...]
Shariah Investments in my portfolio, no thanks!
Benchmark Mutual fund announced a Shariah compliant fund recently. Of course many mutual funds (Reliance, UTI, to name 2) are all in the process of launching and managing a Shariah compliant fund.
What is a Shariah compliant fund? And what does it do?
Shariah, the religious law of the followers of [...]
Darren Gough and IPL – yes you can see some connection, but can you see the connection between Darren Gough and Financial planning? Well neither could I…but here is the connection. Telegraph , UK did an interview regarding Darren’s financial habits – and it was interesting. Nothing flamboyant. His best investment he says – is [...]
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 [...]
Guru Purnima or Poornima is a very important day for all of us…because we are all students all our life. In fact the people I know who do not grow old are people who keep finding new things to do…so keep learning!
One amazing Guru story is attributed to Jagadguru Shankaracharya of Kanchi.
One journalist (do not [...]
I was aghast when Capt. Ajoy Athalye walked into my office with his wife Sunita announcing that he wants to buy a Rs. 50 lakh commercial space in a suburb of Delhi.
Aghast because he had come to me a week earlier to share his portfolio and seek remedies to that. He and Sunita were employees [...]
Many people close to retirement and some people in retirement are calling up – and their portfolios suck! Portfolios have the classic mistake of either being too aggressive or being too defensive with a lot of long term debt.
In most cases I find a slew of mutual funds – opportunities funds, foreign investments, small cap [...]