The average American saves/ invests much lesser than his Chinese or Indian counterpart. Why does this happen? Simply because the American is sure of his ‘Social Security’ – and that his ‘rich’ country will take care of him. Whereas the average Indian or Chinese provides for his own retirement. A good environment, stability, growing income […]
Here is a book review for this great book….and this appeared in BSENSEX – BSE-SENSEX – it is a magazine which goes to the CEOs of companies listed on the BSE and to all its members. The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash” by Charles R. Morris One of […]
Once when Brezhnev was taking his mother around his castle, showing off his cars and swimming pool, his mother asked him “Son, what if the Reds came back?” Or so goes a story. If you think there have been excesses in the American economy, please re-think. Top executives at Bear Stearns, Lehman Brothers, AIG (which […]
If you want to lead a nice normal life you need to do some simple things right. Not to say it is easy. Let me explain. Getting up in the morning and going for a walk. Sounds simple, but not easy to do. Give up smoking, sounds simple, not very easy to do. However there […]
With interest rates stagnant – and perhaps moving south bonds may become an interesting option for some investors. Though I am not a great lover of bonds, I do hold some in my Dad’s portfolio. If you are investing in bonds, look out for the following: 1. Are there call and put options – if […]
I would have called this a million dollar question. However, thanks to this great meltdown, let me call it the Trillion dollar question. The Optimistic view: the world loves a bull market. The world loves a winner. The world loves to see the “good” man win – that is why we pay millions of rupees […]
Here is a fine book on personal financial planning! it is called the “Richest Man of Babylon” and was suggested to me by the owner of a cute book shop named twistntales – based in Aundh, Pune. Here is a book review of the same -hopefully it will inspire you to buy the same, and […]