A friend called me with a surprising question. Let us call him M.D. He bought a house in Navi Mumbai for about Rs. 80 Lakhs, – of this about Rs. 55 lakhs was funded by a loan from the State Bank of India. Over the last 4 years he had paid a lot of interest, […]
Not very long ago people believed you finished your education, got a good job and relaxed. This is no longer true. Welcome to the next 20-30-50 years: 1. Taxes in all forms will GO UP: Frankly there is no attempt by any government anywhere in the world to become more efficient – this will force […]
The mutual fund industry is cribbing about there being no investments. Of course there are no investments. The industry has spent all its time pampering, requesting, cajoling the distributor. They have no direct communication with the investor. Do the fund houses need the distributor? Yes. What a tight situation, is it not? Has any fund […]
what do you do when you get such comments / emails…? ‘Do not believe what these experts tell you. See the returns in the equity markets in the past 10 months even on an SIP basis is NEGATIVE. Do not invest in equity markets. Keep all your money in banks ONLY…at least your money will […]
Well, well. State Bank of India got a new Chairman and he wanted to start on a clean slate. Well the new broom cleans well…and it did. He decided to provide for the pensions as well as clean up the NPA requirement. This is a very bad reflection on O P Bhatt who had hidden […]
I can choose the headline first and then fit the story! Confirmatory bias we call it. If i decide to do the following stories, I can : 1. Sell Infrastructure funds, they have underperformed 2. Buy Infrastructure funds, they have underperformed, but now they will start performing 3. We need infrastructure so buy infra stocks […]
‘Get a good degree, get a job in a government organisation, the government itself or in a psu bank.’ Universally brilliant advise to all girls from mothers. Alas, no longer accurate or correct. Thanks to my friends, colleagues, family…I do not know too many people in the government, psus, etc. I know only 4-5 with […]