When a young couple came to me for a portfolio review…they asked me ‘when will I get rich’. It was the woman who was doing the talking and these are my views, as I told them…. “But..there are no guarantees of ‘richness’ the way you are seeing in the movies. If you are creating wealth […]
Assuming for a minute that you come from a rich family, these steps might sound odd, but these are nice steps to take…see if you can do them… Visualize that you are rich: you are rich by the thoughts that you have, damn the excel sheet. So go and Visualize that you are rich. You […]
Rich people ‘realize’ less income than their ‘middle class’ counter parts, and they are happy about that. To live you need cash flow not necessarily ‘taxable’ income. So what is ‘realized’ income and what is ‘unrealized’ income? Realized income is for your salary, rent, interest, dividend, royalty, etc. or any money you have to pay […]
For many of us there is a tendency to think that when the economy does well, the stock markets should do well. Right? Well, not so fast. There is too much evidence to the contrary. When the Chinese Economy was galloping at 8.5% p.a. its investors made only 1.7% p.a. When the American economy was […]
Trying to talk to wannabe investors is getting very difficult. People come with a pretty bruised life. They have lost money in options, they have lost a lot of money in trading, they have a ‘portfolio’ which is really a dhobi list of a few shares bought, and there is no logic. They have made […]
The ant and the grasshopper story plays itself over many times. So hear it once more. A married woman with a very well to do husband comes to me to talk to me about her brother who is the grasshopper. He has a daughter who is married off and is abroad. He has no other […]
When you invest in the markets there is one solid reason to be humble. At least you are not driven to suicide when you get things wrong. At all points in time you have errors of omission and errors of commission. It is human tendency to think of your mistakes as ‘could have been avoided’ […]