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 […]
‘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 […]
this post is partially repeated…there is a link at the bottom which is not a repeat… I am sure all of you know the cap seller and the monkey story. So why am I telling you the same story again? No this is not the same story, it has a twist. A capseller was looking […]
To augment its Tier II capital State bank of India is coming out with a micro issue of Rs. 500 crores. I am deliberately calling this a micro issue, because there is a huge appetite for such coupon rates (9.2% to 9.5%) from such a great borrower (a AAA rating through the life of the […]