Many people who are born in the 1920s, 30s, 40s….and are now in the twilight of their lives, have lived frugally. As these are the people who saw the British Raj, the second world war, rations, as well as the 97% Income Tax..they treat every bit of money as precious. Not to say that money […]
We want a swanky airport like New Delhi. We tell our friends Delhi airport is better than…..name it and it is likely to be true. However if DIAL were to levy a Rs. 350 levy on passengers, we do not wish to pay it. We want good, swanky, financial services companies – mutual funds, […]
Not sure whether all the readers know / understand / appreciate in writing a book or a blog. So I thought I should share some thoughts at least: 1. No clue about the audience: I have NO clue at all about who reads my blog. Even if I know some names, I have no clue […]
Hindu Business Line carried an article by Aarti by the same title. She starts by saying it is blasphemous to even ask this question. I agree that it is the way the media has ‘asked’ people to think. However, I belong to an old school of thought. It is easy to say ‘costs are everything’. […]
Let me tell you a story….and like Valmiki assume I can go across time from 1990 to 2050. Please remember time is the 4th dimension and at some point in human civilisation we will be able to do that. Year 1990: You have graduated / settled and just got married. Did you think of life […]
Well Sebi says the fund industry will be able to charge 2.75% p.a. as fund expenses. Since you will bear the service tax, brokerage, etc. assuming that it will cost you about 3% p.a. is a fair call. This is charged on a weekly basis, so you need to take the impact of weekly compounding. […]
A few days ago I did a post saying you need Rs. 3 crores (allocated among 3 asset classes equally) – most people reacted saying ‘this is too much’. Let us take an example. If you were to go from your house to office (a journey that you undertake every working day) and you needed […]