There is Gen X which believes that the next generation – Gen Y – is the ‘entitlement generation’ . I have a slightly different view. The Gen X has in many cases exploited their parents – right from looking after their children, using their services like a servant, occupying their houses – there has been […]

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Ps: this article is about 5 years old, and they still are floundering. The names have of course been changed, and the airline hidden, but you can guess. Imagine a couple working in Kingfisher! No clue who is paying their EMIs!! now read on…     I was aghast when Capt. Ajoy Athalye walked into […]

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With real estate in a boom over the past few years, one thought that crosses peoples mind is to use ‘Home Equity’ as a Retirement Plan. Good idea? Feels so. At least at this juncture, however like all assets it has its ups and downs. Let us look at what I mean. What is Home […]

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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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Nirmal Jain of Indiainfoline is a sensible businessman who needs to and will do business in India. If you seriously look at his business model, it is the funding operations which is really making money. In the financial services industry, broking, mutual funds, life insurance – NOTHING is profitable. One HFC told me – we […]

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Sadly there is not enough research on the financial behavior of Indians. On the other hand there is a lot of research in the US about American earning, spending and investing pattern. It is NOT possible to just do a cut n paste of the American behavior patterns, and THEREFORE one cannot just accept the […]

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When I say retired people I mean people who do not have any earned income. That means they are dependent on: pension interest and dividends children Well these people have some really tough decisions to make: 1. Where to stay? : I have stayed all my life in Mumbai, now I have a house in […]

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