If you ever wanted to know how lobbying works, or how any government loots…read on: The government makes a lot of money by introducing a Security Transaction Tax – paid by all buyers and sellers of equities. This is a fantastic tax – it collects a lot of money and the government has to collect […]
In one of the newspapers Sandeep Shanbag was lamenting about very few Indians paying tax. This is perhaps true from the records. However whenever I eat on the footpath (rarely, but it happens) I speak to the vendors about their income, their savings, and even their investments. One thing that comes out is that the […]
October is a particularly dangerous month to speculate. The others are January, September, April, February, July, November, June, August, March, May, and December. or something to this effect was said by Mark Twain. One of the main reasons why people lose money in equities is people speculate instead of investing. Trading is not investing! So […]