When my young sis Chandra Anil gave up a lucrative job in the Tech space and took up a job in helping kids..we were not surprised. She graduated when Y2K was at its peak..and she told me …’Sorry, tech jobs are boring. How exciting can it get when you change a ddmmyy to ddmmyyyy? Blunt? […]
Let us see what your banker says…..and how you should interpret it… It is not easy being a layman today! The amount of ‘advise’ that is dumped on you is stunning. Advise on where to travel, when to travel, how to reduce weight, how to impress your girlfriend / wife / boss/ …, grow your […]
Whenever people ask me ‘I have made this investment (life insurance policy, mutual fund, equity shares, house -does not matter) – should I keep it or should I sell it? Immediately they tell me the cost….paid Rs. 6L premium for 4 years, bought this house for 73 lakhs, …and now the value of the portfolio […]
Many people who think they understand risk do not understand risk coming from completely unexpected sources. I do not mean some 50% market crash – one is reasonably prepared for a market crash, but something else. – What happens if the government withdraws medical cover for retirees of government organisations? -What happens if PPF is […]
There is a big problem all distributors face. When the product becomes good and has a successful track record, the distribution margins reduce. So it is a catch 22 situation. You work hard, collect money for a fund house, they employ a good fund manager who delivers good results…so the scheme does well. Then […]
Long long ago – at the beginning of 2008 perhaps – one fund manager told me ‘Subra the best, Golden Run of our lifetimes is over’ to see the index go up from 3000 to 21000 in 4-5 years is a super dream gone right, may not happen again. We then spoke about how we […]
I move in a completely different social setting….but nowadays I am meeting some people with such ideas too: 1. Best jobs in India are in the Government: Parents (and therefore their children) who believe that the best jobs in India. Funnily this comes from the basic insecurity that private sector hires and fires whimsically. 2. […]