Hi readers of my book ‘Retire Rich: Invest Rs. 40 a day‘ – here is a request… I want feedback on the book…and a) what did you miss that I should incorporate in the new book My take: this book will not contain stock buying tips, mutual fund selection tips, etc. PURELY RETIREMENT ORIENTED topics… […]
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 […]
Some general observations or Axioms: 1. Generally money brings happiness, but only up to a point. You need to choose that point for yourself. IN the US this point to be considered to be about US $ 550,000. In India people will be satiated at a lesser number I guess (apart from a stupidly inflated […]
In finance (as in life I guess) I do not know why people ask AFTER the event is over. You need to ask BEFORE you invest in say a ULIP (it is not so bad in a mutual fund, an exit is possible after one year, without load). A ulip pension plan / a regular […]
Sadly there is not enough social research in this country…and for people like me that is bad news. I have no clue what retirees do in their leisure time. Seriously no clue. So I have to observe 5 people and assume that the rest of the population does exactly that. Right or wrong – nobody […]
This is not a typical ‘event’! It is a series of complex steps and starts almost at birth. From birth a kid sees money, plays with it, counts, realizes the power it has. My daughter once told me ‘I want notes, coins do not buy anything’ – just an observation I guess! So right from […]
Should I invest in direct equities or should I invest in Mutual funds? Should I invest through a SIP in mutual funds or should I time the market? Even for people who have answered the question ‘should I invest in equities’ POSITIVELY, the above 2 questions are difficult to answer. In fact these questions […]