Awesome news item saying that IRDA is cleaning up. Great. The way the financial services sector is structured, it should not be difficult to do it. There is only one downside. 38 mutual funds and 16 life insurance companies will close down. So the media being supported by them will shut down. No more sponsors, […]
There is a bunch of investors with whom I am friends with. Some of them are real rich and some of them are super rich. Let us say apart from a nice house with a value of about a Million US $, they would have a net-worth ranging from a Million US $ to 10 […]
Well choose what B stands for! Afterall it is a point of view is it not? Let us look at some recent news items / events: – Greece default is more or less certain. So Greece will be forced to go out of the Euro, and Germany will go because it wants to go. This […]
at various levels the common man has been told lies. The common man being the common man, he believes the newspapers, the television channels, the experts who come on television, the advisers, the media experts…..and everybody and everyone. Let us see some more of the lies that he/ she believe: 1. India is a socialistic […]
IN the last 3 weeks many people have asked me for my view on Robert Kiyosaki’s concepts. Surely there is a lot of merit in what he says, but there are many limitations too. Let me see: 1. He underestimates risk, and dramatically underestimates risk. 2. He takes one theory of investing in real estate […]
Long ago – in 2008 SEBI said that you could lend your stocks – made a lot of sense. If you are a promoter or a long only retail investor you could give your shares on ‘rent’ and earn some money. As usual the path to hell is paved with good intentions and SEBI did […]
Is the market going to go up or go down? Well we all have tackled this question in many ways..here is one more! One ‘Wealth Manager’ came to me recently with a PMS scheme which gives me a 12% assured return (over 3.25 years not annually) – and this fund will invest in a mix […]