I did not know whether to say what every graduate should know or what every doctor, mba, ca, engineer should know. It is what my view is about what every kid coming into the job market should know: 1.The Gross salary that a company offers to pay you and the net salary that you get […]
I have handled this question many times, and have come out with similar answers. However here are some questions which are IRRELEVANT …. 1. How much has the house appreciated by: Many people write in to say ‘I paid Rs. 20L now it is worth Rs. 37 lakhs’…This is completely immaterial. Your house appreciating has […]
If you are an investor how many fund schemes do you need to know / track / understand? Well if you are like me 3 a maximum of 5. However if you are a person who thinks that all problems in life can be solved by mutual funds, maybe 10. Normally people save for […]
The process of providing financial fitness involves four basic steps. If you have the time, objectivity, inclination (to take time off from your family to do this) and expertise in accounting (to file your tax returns), investments, taxation, insurance, and estate planning, you can do this process on your own. However, avoiding personal bias is […]
Many of my posts are based on the Financial Planning / Mutual fund training class that I do. One question that normally people ask me about where to keep their emergency funds. I do give a variety of answers, but here is what I have done: A friend who is an investment adviser has a […]
THERE are two relevant quotes that I came across: George Bernard Shaw once said, “Whenever I go to my tailor, he measures me up”. John Maynard Keynes, the economist, once quipped when he was accused of inconsistency: “When the facts change, I change my mind. What do you do, sir?” Risk management is all about […]
The process of providing financial fitness involves four basic steps. If you have the time, objectivity, inclination and expertise in accounting, investments, taxation, insurance, and estate planning, you can do this process on your own. Avoiding personal bias is difficult. Most people find it helpful to seek the aid of various professionals to derive the […]