“Subra, I met this Financial Planner and he has offered to do my financial planning for a fee of Rs. 24,000 – I can afford it, is it worth it?” was a call that I handled this week. I said: Gee, frankly I do not know. It takes a great mind to say “I will […]
This is a very broad question and the answer is not easy to give. First of all let us clear some myths about what the retail investor thinks a regulator should do and what the regulator actually does. 1. The regulator is here to protect the small investor: Very very very broadly yes, in real […]
When I see today’s youngsters – I of course find them restless. Yes, young and restless you have heard…but why young and so called ‘riskless’ ? Well for those who took up a job in 2007/8 (means born in 1985 or later) markets have not been a great – at best it has been lukewarm. […]
NPS (New Pension Scheme) was bad – I have rubbished it enough, but as if all that was not enough, the Parlimentarians have tried to make it worse. Why should a fund management company have only 26% FDI beats me. Stumped is the word. In the 1990s we allowed 100% FDI in Mutual funds, […]
So Sushil Kumar has just won himself Rs. 5 crores – and obviously the first question topmost in his mind should be: How should I invest this huge amount? Well let us assume that he gets Rs. 3.5 crores after all taxes are deducted. The following steps are very important: 1. Invest the whole amount […]
When asked about Retirement, normally people are in a denial mode. Why even ask them ‘What will your family do, if you drop dead’…is a question they hate to hear. They even hate me for asking these questions. It is difficult to know what to do…so best is either do not do anything or speak […]
Anybody who comes on television says ‘there is a huge demand for infrastructure, so invest in infrastructure’ -brilliant argument, completely wrong. Experts, if you have forgotten your basic Economics, here is the answer: Demand = Need for a product + Ability to pay+ Willingness to pay. Let us look at another product: Pensions. Who […]