One of the stupidest things I have seen people do while creating wealth is interrupting the compounding. When a person invests in mutual funds, unit linked policies, national savings certificate, ppf, direct equity, …et al it is fairly obvious that they will break something. Now if you suddenly need Rs. 2-3 lakhs from a portfolio […]
Are you creating wealth? If you wondered what is the connection between the article and the way this article starts, do not be surprised. I always thought that the finance professionals were the smartest in the world. They go out there and create complicated products – and then charge a nice fee for telling you […]
Leveraging (like derivatives) is neither good nor bad. Huge wealth has been created by leveraging (Reliance, Tata, Uday Kotak (net worth Rs. 30 lakhs to market cap Rs. 26,000 crores in 25 years) – and also ALL bankruptcies have been caused by bad management of debt. There are many advantages of gearing or borrowing: a. […]
If you are an Indian there is a lot to read even if you stick to just philosophy as a subject. To say one religion is good or bad you need to read about Hinduism, Mahaveera, Buddhism, Jainism, Christianity, Islam….before you can say it is good or bad. Now it is possible to read some […]
Doctors and money – it could be titled anything, but since this dialogue was started with a doc, I have called it Doctors and Money! “If you had outsourced managing your money to an outsider, and he had managed it the way you have managed, would you still hire him?” I started my training in […]
Here is LIC trying to sell a ulip plan for creating wealth. Then Mr. Pranab Mukherjee calls up and says “buy ntpc @ 214” so Lic says..ok sir. Wealth for whom? Govt of India? UNit holder? And what is IRDA doing this. Let us say if such a deal was done by Tata, Birla, Reliance, […]
http://www.subramoney.com/book-written-by-me/ The word financial planning has now received a lot of attention. Thus whether it is a brokerage company or a credit card issuing bank everybody uses this word. It will not be surprising to see cell phone operators calling and offering ‘FP” services on the phone soon 🙂 FP is all encompassing and it […]