‘Money is a Man thing, and Cooking is a Woman thing’ – most people are brought up with this stupid belief. It is not as though they are told explicitly, but by behavior. The son is taught banking in class 9, the girl is taught how to buy vegetables. Such stereotyping may be bad, but […]
More and more people want to invest in equities, but have no clue how. Then there are some who are so worried about volatility that they prefer putting money in banks and paying 30% tax on interest, but will not put money away EVEN IN A LIQUID fund! Can you lose money in equities? Of […]
One thing I like about Manish Chauhan of Jagoinvestor is that he reacts to every mail that he receives. I do not. Well normally I do not. However once in a while I do. When I said that Financial Literacy is nobody’s baby, one Mr. Abhi wrote the following…Below that is my reply: “Abhi Very […]
The greatest topic for discussion in financial circles – especially the elite ones is a) financial literacy and b) financial inclusion. In this article I am about to debunk the ‘financial literacy’ joke that goes around. First of all it must be understood that any change can come ONLY and ONLY if society wants it, […]
Amazing to see a pattern in the working of a Regulator…..one thing common to all the regulators is that they speak the language of the strongest player! When SEBI was formed and it took charge of the mutual fund space, there was only ONE mutual fund – the UTI. So there was a tussle between […]
Last week I was speaking to one of the bright kids I work with. For practical purposes let us call him John Galt. This kid (25 years old) has just started earning a nice salary. He spends well but can put away a nice amount on a regular basis, but is not doing so. I […]
Though it may be anecdotal, there are some HR people who cannot reconcile their own salary from a CTC to take home! Why does this happen? Simply because the CTC is a concept which can include many things, not just the Income tax! For example if in a bank you are entitled to a Rs. […]