In the battle between IFAs and Banks, it is the banks who win hands down most of the time. Why does this happen? Some of my observations: 1. Clients love activity, and banks can provide that: Most clients like to do something on a regular basis – but may not be too keen to do […]
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 […]
Once upon a time we had sports. Then the sports became a business. Once it becomes a business, money maximisation becomes a must. So all games have to look ‘great’. So billiards has a lot of coloured balls (what the media did to make you shift from b/w to color is a different story altogether!). […]
A friend called up to ask ‘Why do i have to pay a higher interest RATE for a second hand car than for a NEW car?’ How much is the difference? about 3-4% p.a. for 4 years…..so that you lose most of the advantage that you got in the price while buying. Wow. Why does […]
Fiat money is about trust. You trust your government, hence you keep all your money in currency form, right? Take the case of a common man…and his conversation with a acidic Subra of Subramoney.com: Client: Hi Subra, I wish to discuss my financial life with you…May I? Subra: Sure Client: I have bought …..xyz […]
I can see the kind of parental pressure that kids are subject to in their lives. Even after a kid turns 20, 25….why even 50 parents think they should run their children’s lives. I know one person who started as a peon and retired as a clerk. He has ZERO understanding of finance. Absolutely zilch. […]
The Quarter ended – Oct, Nov and Dec 2011 will perhaps see the worst results. This is because this is the Q that will see the full impact of high interest rates, the worst economic data (cause and effect are very difficult to know), bad mood, …etc. When these results are announced, people’s worst expectation […]