What is cognitive dissonance? Actually the question should be why as an investor / wealth creator should you be aware of this! Cognitive dissonance is our need to justify all our actions – even if we know that it is not worth justifying. It is easier to see examples of what is cognitive dissonance. We […]
http://www.subramoney.com/2011/09/my-lessons-in-equity/ Please read the above-mentioned post. As well as the comments, and I will give u an update. Now an update on this post. Mr. R is known to me and I called him a few days ago. This was because I was taking a trading position in Hindalco – at about Rs. 92. I […]
When it comes to buying any asset – I am using the word loosely there is a tendency to borrow. Borrowing actually helps you immediately by allowing you to buy beyond your means. The problem with most things we buy is that once we buy it, it ceases to hold any attraction for us. […]
This is a touchy topic! Should parents give money to adult kids? Let us say for the following: Buying a car Buying a house Higher education Marriage For an expensive vacation (expensive because the kid cannot afford it) I do have strong views on this. Everybody should learn to live within their means. If you […]
When you are doing well and have a nice surplus (and the world can see it!) there is a good chance that people come to you for help. Nothing wrong in their coming, and nothing wrong in your giving, however it is not easy. Let me give you a few examples: Mr. M an executive […]
When you go to a financial planner you have some expectations, do you not? Let us see what are the legitimate expectations that you can have: – he should be able to articulate your goals more clearly. When you say “I want the best education for my daughter” he should be able to translate that […]
What is a valentine post doing in a financial blog? Well , well, I should have said: Will you be my financial valentine? In this era of boys and girls earning equal amounts, both of them have equal responsibility in managing the money too. Obviously nothing in our education system teaches them this basic skill…and […]