So when you are worried about the ‘growth’ shares you should invest in dividend oriented shares or in dividend yield funds. Right? Wrong, well at least partially wrong. If you think you will get rid of your bank fixed deposit yielding 9%p.a. and invest in an equity share that yields 6% p.a. (and hoping […]
if you opened a bank account and the bank said ‘you have to keep an average quarterly balance of Rs. 5000’ please ask them what it means. In many banks this AQB means all your balances across savings, current, fixed deposits,…are all considered while this amount is calculated. Recently one senior citizen who had opened […]
Let me start by saying: It is not easy! Senior citizens – let us say the senior citizen who has been successful in life and has led a healthy life and is now about 75+ years of age. He / she is simply bored. They may or may not admit, but most of them are […]
RBI is the banking regulator and obviously it has a role in development of the banking industry, right? Well, over the last so many years what is the penetration of banking in India? Well about 6-8% of the country’s population has some access to banking. Why we do not have banks with EXCLUSIVE mandate to […]
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 […]
Many of us are likely to live long enough on this planet to need some kind of assisted living. How much exactly does staying in an old age home cost? Frankly I have not done enough research to do such a post, but here is some rudimentary info. You will need to do more research […]
A lot of qualified planners have given the following advice to a few people who have written in to me..let me summarize a few of them for you: 1. Equity is risky, it has no place in your portfolio. I write so much about equity, I am sure my readers know how stupid this line […]