Many people think they (and the industry tells them) that they are eligible for a “home loan”, car loan, personal loan, credit card loan etc. Actually this is not true. You only get a loan against your Form 16, which means this is a loan against your future earning capacity. Imagine telling a lender that […]
“If you spent 13 minutes last year guessing about the economy and the indicators, you wasted 10 minutes”. I am not sure about whether I got the wordings correct, but Peter Lynch said something to this effect. I am myself not a big believer in asset allocation strategies based on the state of the economy […]
A pyt in our office today asked a very innocent question. If inflation has gone up from 9% to 11% in a week, next week will it be 14%? Well the truth is I do not know. However I do know that if it rains 90mm in Mumbai, and it does rain like that for […]
The distributor of financial products – Call him an agent, advisor, consultant, …or what have you, but he is representing the manufacturer and has a role to play. Clients should expect good quality feedback on the happenings, not necessarily express speed. All websites today carry an article on the RBI rate policy. Expect a detailed […]
Why should you know Nagnath’s view on the market? When the whole world was pessimistic about India he predicted huge cash inflows. I may not be too wrong if I say that he predicted the bull run in 2002, not in 2008! He always has a balanced view and gives excellent quotes and views to […]
For most small investors the guys who come on TV with a slick suit are “more knowledgeable” than the guy in a dhoti. That is because as Indians we like “phoren” rather than Indian. So is our quest for knowledge. Those people who have been long enough in the market know that one man who […]
It is customary for people to give sane advice- if you have a kid, the kid should have a PPF account. This advice makes very little sense. First of all most of the people I meet today invest far, far more in a year than the max possible amount of Rs. 70,000 in a PPF […]