One financial planner met a client and had the following details: A 38 year old man with a daughter from an earlier marriage (age 11) a son from the present marriage (7 years) a housewife, parents needing support and a mother in law dependent on him. (5 complete dependents, daughter partially dependent¬† – his ex […]

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I found a 78 year old man with a very strong balance sheet, but poor P&L account! What does it mean? Well he had a lot of assets – a nice big house which he was not using much, equities, bonds, and of course cash. Life long if you (and me) are brought up saying […]

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I recently met a 85 year old man who has all his investments in bank deposits and post office deposits. This is a good portfolio – and he has about Rs. 12 lakhs. As his income is below taxable level he does not pay Income tax, nor does he file his IT return. He had […]

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Try being a senior citizen in this country! Just day to day living is made tough by the service provider. Make no mistake when I saw the ARPU for airtel going up, I was happy – I am a shareholder and my latest buy was at 276! So in this bad market it is making […]

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Thank God I am not an expert on debt. Or of debt repayments for that matter! The caveat first – I hate debt. I hate debt. I hate leverage. I rarely do an Options trade, nor do I ever buy a share in a Futures trade. All assets have been paid and bought. Now let […]

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Being smart about debt can help the average investor save a guaranteed 3% p.m. This is a serious amount of money for people living on a day-to-day basis! It is a conscious decision that could save you a decent amount of money! So how can you do this? The Debt Dilemma First of all live […]

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