Warren Buffett has some advice for young people, like college students, who want to remain financially independent. It’s not new and its not a surprise, but it is solid counsel on avoiding a very common money pitfall, and worth repeating: “The biggest suggestion I have is to avoid credit cards. Interest rates are very high [...]
How to reduce your cost of living The basic needs of man are food, clothing, shelter and circus (entertainment?). However, most of us have today graduated from needs to wants and luxuries. However, when the headline inflation numbers hit 11.9% there is a serious worry about people not being able to meet even their basic [...]
Today it is very easy to live beyond ones’ means. If you take any magazine you will find about 15 advertisements – of this about 14 will extol you to live beyond your means. If you can afford a Ford Ikon, they will urge you to buy a Honda City. If you can buy a [...]
Which is the best channel to watch if you are an investor? Cnbc? Ndtv Profit? Zee Business? … Well what about Animal Planet? O.k. Okay…I am wrong, but please read ahead especially if you are asking me … Will watching Animal Planet help me answer the following questions? Will inflation touch 17% six months from [...]
The easiest product to mis-sell in the markets for the past 2-3 years has been the SIP! Why do you ask? The answer is simple. The press has been supporting and extolling the virtues of SIP – we all are guilty of this including yours truly. However SIPs work over long periods of time – [...]
When it comes to saving and investing, people are obsessed with the returns they’re going to get on their money. Whether it’s debating the merits of a particular investment strategy, discussing the pros and cons of insurance, pensions and mutual funds (or increasingly unit linked plans) or simply searching for the best interest rate on [...]