Many reasonably rich people come and ask me one question: Should I buy an annuity? My counter question is : Do you have enough money to afford an annuity? The answer is Yes…but it means I will leave less money for my children..an annuity is such a poor yield..I can easily get 18% return on […]
Accumulating a corpus for retirement is difficult. The reasons are not far to seek – not really knowing how much you need, not knowing the returns that you will get….etc. etc. However let us assume that this couple aged 34 years have figured it out that they need Rs. 10 crores for their retirement at […]
I’m in my early 50s and have about Rs. 1, 40,00,000 in savings. I tend to stick to bank FD, and PPF accounts, as I was scammed in the past. What’s the safest way for me to invest this money? I will be retiring in 2020, is this amount sufficient? My wife is a housewife, and […]
So many people claim to be a LONG TERM INVESTOR. The sexiest thing to be in the investment market! Are they really long term investors? Why does their ability to hold on shrivel at the first sign of market coming down? Why do they start thinking in terms of a ‘couple of weeks’ as long […]
Tough head line that I chose to just tell you stories of how people DO NOT MAKE much money. Case 1: A 40 year old wakes up and decides to do a SIP of Rs. 40,000 per month. Then suddenly he remembers he cannot..and tells his wife..why do YOU not do a SIP. She knows […]
It must have been in 1998/9 when I heard about SIP for the first time from Suraj of Franklin Templeton – he now is the boss man in UTI. A fan of SIP me and many others like me have been espousing the cause of SIP for the past 20 odd years. It is a […]
Most fathers or should I say parents live a fairy tale life. It makes it impossible for them to scale down their ‘i deserve this’ life style. So if a parent is earning well and spending well there is a need to ask him the following. Well some of the things that I have asked, […]