When a friend who has Rs. 3 crores of aum says I need to create an income stream for my parents what do you do? worry about the loss of aum? suggest a MIP with 10% equities or tell the truth – the Senior Citizens Saving Yojana – now made convenient by being able to […]
Ration lines were in existence when I was in school. So one knew that India had a food shortage. Wheat used to be called PL480 wheat – what was unfit for consumption in US was sent to India. One of the honourable Ministers of yester-years Mr. C Subramaniam set up Food Corporation of India. This […]
This series could seriously be made into a book…but have decided to put one a day Client: Good Morning Haresh, how are you? Haresh: Good sir, market is looking a little weak…what do you think sir? Client: Yes, I agree, but what about Hero Honda? H: Sir, HH looks good, I feel. Client: Yes…good results […]
Last week did cheating get legalised or has it always been legal? Well if you are in any industry you see two faces (actually more, but for this article 2 will suffice). One face is by the regulators and the powerful people in the industry and the other one is by the weaker ones. The […]
If you have been in the equity markets for 30 years you have some advantages. First you have seen many players come and go. You keep wondering how many are genuine, how many are fake. Over this period you classify people into platinum, gold, silver, …and of course mud. Fund managers also come in various […]
Ravana had 10 faces – OK that is for the Kids. But Obama has a few faces – of course the fact that he is not handsome is a problem..but yes many faces. ONe is the BP face – where BP will pay salaries of employees of other rigs – which Obama has stopped. However […]
http://www.subramoney.com/finance-for-non-finance-people-workshop/ Since the name of the game is transparency …all websites should be made to disclose how the costs add up. For example on mutual fund, banking and life insurance sites there should be a ‘disclosure’ of salaries. I should know that the MD got a salary of Rs. 2 crores + esop +….This will […]