What is being Rich and what is being Wealthy? This is a topic that I have spoken about too many times in the past….One of the steps required is to create different and various sources of income. For a beginner who is starting on a first or second job how is he/she expected to create [...]
If your financial planner told you “The longer your time horizon, the more stocks you should own”. You need to tell him “Time isn’t everything. You must also consider I am a broker in the life insurance business!” It’s one of the basic rules of thumb: The more years you have to recoup losses, the [...]
Copying is very difficult especially if you want to be the first! How can you copy from the second best and be first? So that makes copying difficult. However you could take parts of many and look original…then you need not defend your copying! Warren Buffet made most of his money by staying and investing [...]
When you see news items like IPO subscribed 40 times, or 200 times do you wonder how? Or when L&T finance debentures at 8.5% p.a. gets subscribed, do you wonder why? The answer is very simple. Merchant bankers are a nice small clique who also run PMS schemes. So when the ‘Investment Bank’ goes to [...]
Many people have heard or read about diversification but may not be aware of what it really means. Here is an attempt. One girl came up to me and said I need to invest in ELSS (equity linked saving scheme) for saving some Income tax what should I do. I suggested Hdfc Tax Saver and [...]
There is an alphabetic soup in the financial qualifications – and there are many animals out there. Most first time investors (and some veterans too) are legitimately confused about their role so here is a lesson 101: Financial planner: supposed to know everything about you PERSONALLY so actually called ‘personal financial planner’ who helps you [...]