If doing the first transaction is the start of an investment career, I have completed 36 years of investing. By any stretch of imagination this is a long term. This means I have the right to have some observations over this long haul. Let me enumerate some of them: Your first step towards investing is […]
For many readers of Subramoney.com it could come as a surprise if I said “Go and splurge”. I try not to write too much about spending, bargains, etc. – I prefer concentrating on the wealth side. However what you ‘feel’ about money is pretty important. So you must go and spend money….BECAUSE BECAUSE BECAUSE you […]
There are many things which hurt you financially. Obviously it is all the things that you do that matters..but not KNOWING the following things makes you behave in a particular manner. So NOT KNOWING THE FOLLOWING things is what is hurting you FINANCIALLY: 1. Not remembering that you too will retire: by the age of […]
I know it is difficult for many readers to accept that they are poor because they call themselves poor! Have we wondered loud enough about is India poor? I regularly see articles and advertisement for houses costing Rs. 15 crores (2.5 million US $) – and many of the houses being sold out. Are they […]
In life we buy many things. Most of the products we do not understand the cost or the benefits, so we just go along and buy them. List it down. Toothpaste. Vegetables. Fruits. Clothes. Electricity. Soap. Timeshare. White goods. House. Travel. Car. Doctor’s services. …..let us assume that the list runs to about 100 items. […]
This is just a continuation from yesterdays post….so i will number it from 7 7. Finance is very simple, however simplicity is out of fashion these days. I heard that like common sense, responsibility, etc. Simplicity was also cremated, and so people require very complex sounding solutions. 8. The IFA who tries to give simple […]
In 1993-94 I lost money because of a broker default. The guy who was handling bungled up on the risk profiling. The owner had no clue what was happening, and the guy who was managing the card was the smartest IIT, IIMA product ever. Some consolation that a few years later Wipro’s Premji and a […]