Mostly people tell you ‘I bought a house for Rs. 50 lakhs’. Great. A house is rarely just the cost that the broker told you when you bought the house. Have you seen what are the associated costs? Cost of the house is Rs. 50 lakhs. Assuming you did not have any money for down [...]
For those who do not know I have not changed my broker and doctor for the past 33 years – and it has helped. My doctor is a homeopath who believes in detailed questioning, some little diagnostics and almost zero medicines. He has kept me off medicines for the past almost 30 odd years, and [...]
Now that the mutual fund industry is doing badly, we all need to do something to keep it alive. Why should it be kept alive? do not ask such stupid questions. We should keep it alive, so it should be kept alive. Here are a few suggestions: 1. Every stock broker should be forced to [...]
Most of the teaching that I try to do is by story telling….and that is a problem for a few people. Last week I was talking to a few people – and it is customary to say ‘MMS and Kalam are good people…’. I said, sorry, once a bureaucrat, always a bur….t. And b..t [...]
Normally the public sector units trade at a lower price earning multiple (p/e multiple for those who did not understand the full version). This is largely because there is a general feeling that the owner (manager) does not care too much about the main shareholder. To expect the ‘corrupt’ or ‘indifferent’ employee to work for [...]
A friend called in to say ‘Subra even if one reader can start saying “I s…..d up and have made investment mistakes’ instead of saying the following: a. my aunt is an agent so I took a policy b. my father asked me to buy a house c. my relationship manager CHURNED my mutual fund [...]