Here are some responses: “I wish I had read this book 20 years ago” “The book lies on a table beside my bed…and it is exactly there..above my head” “Subra Sir..read 2 chapters not sure it is written for the common man…people like my parents will not understand it” – a 23 year old MBA […]
SIP creates wealth in the long run, however it gives no immediate gratification. Equity trading (what the common man thinks is investing) gives immediate gratification and does not create wealth for the client. The broker wants him to trade so that broker’s wealth goes up. So what is the solution? Sell SIP in equities as […]
Most people I know pay taxes and also file tax returns. However to say that they file taxes honestly is a little difficult to say. As a social psychologist if you do analyze why people do not pay taxes, the following seem to be the reasons: a. Does not seem reasonable: Why should I pay […]
There are many questions being asked about the sebi vs. irda battle. If the fees paid to sebi / irda depends on the assets size, then it is obvious that both of them want a part of the wealth management pie. To most observers it was clear even in 2003-4 that by 2010-11 the assets […]
There are some stories that I really liked as a kid. One of them is the hen that laid golden eggs. Since the average IQ of the readers of this blog is high, and for brevity do not think there is any need to repeat the story. Let us see what the government does when […]
It is very exciting to do a post on the budget. All you have to do is a lot of cut, copy and paste. My mail box is full of documents about the budget – and there is only only key that I had to use. It is called ‘Del’. Frankly for the common man […]
this article appeared in money mantra….as a lead story on inflation. Inflation is perhaps one of the least understood risks in investing. Understanding the power of small numbers is not easy. That is the reason why people find it difficult to understand the impact of compounding too – after all inflation is just negative compounding. […]