I have handled this question many times, and have come out with similar answers. However here are some questions which are IRRELEVANT …. 1. How much has the house appreciated by: Many people write in to say ‘I paid Rs. 20L now it is worth Rs. 37 lakhs’…This is completely immaterial. Your house appreciating has […]
Caveat: I do not know the answer. Caveat: I do not think I need to know the answer, I am happy with a 2% real return, for many of you that would be not a happy situation, perhaps. My requirements have gone down because of the past performance. Caveat: Nobody has an answer, and far […]
You hear the words ‘financially free’ or ‘financially independent’ regularly, right? What exactly do these words mean? Well there are a few things that it means: 1. You spend significantly lesser than your income: this is difficult to describe beyond a point. Let us say you are earning Rs. 300,000 a month post tax. Your […]
HA ha….most of you know where this question will head right? The latest documents from the Fed reveal that they did not understand what is happening in the Economy. I always knew it – and those following me on FB know my views about the regulators in general and Fed in particular. For a momentary […]
Well there is no real Indian rule of 15, but I have just taken the American Rule of 25 and adapted to Indian conditions… What is the American Rule of 25? Well if you need an income of 100,000 a year and you are not worried too much about the rate of inflation POST RETIREMENT…then […]
Will you inherit anything at all……..and how much you inherit is a question that you need to answer for yourself! The longer a parent lives, will the corpus be higher or lower? Well this is a trick question actually. If you are living in your father’s house which is appreciating (like people say real […]
For most people who have seen a drop in wealth…and do not know what caused it. The most cruel impact the 2003-7 boom has had on people is they believe it can happen again. Subra, I am sure once more the market will move up 7 times in 5 years. We only do not know […]