This is perhaps the most often asked question. I have seen people mess up quite dramatically. One HR consultant once called me and said “I have Rs. 52,000 where can I invest?’. So I got of on the pedal saying “Equity is good for the long term….etc”. Then when there was a blank from the […]
One very important media advise is “If the fund has been a poor performer for X quarters, sell it off“. This looks so stunningly correct an advise that few people will be able to shrug it off. Take for example in the current down turn of the Indian equity markets the performance of ‘balanced’ funds. […]
this appeared on Utvi when the index was 11,000 or thereabouts… In the latest episode of Smart Money, UTVi’s Vikram Oza interviewd PV Subramanyam who is a Financial Trainer. Is it a common to people stop making investments when times are tough? Subramanyam: When the markets are down, people ask if they can stop their […]
Now that the Pay commission recommendation has been accepted, inflation gets a nice leg up :). Now you can see inflation at 12.5% this week and perhaps at 13% the next week. This will increase the interest expectation of the people and therefore the reluctance of people to participate in RBI auctions. Thus if you […]
Mutual fund ranking is another media creation. Media needs to create stories daily. So it helps to have quarterly results. If you have 200 companies 4 quarterly results and 200 final results ensure that 1000 stories are ready. Similarly, if you 250 schemes and you have monthly rankings (thank God it is only monthly and […]
I am normally against loans for buying things – all my blogs say that. So if you think I am breaking my own rules, well let me clarify. I will give you reasons for NOT repaying the loans in a hurry. The reasons are simple: 1. We will continue to inflate, so if you have […]
It is customary for people to give sane advice- if you have a kid, the kid should have a PPF account. This advice makes very little sense. First of all most of the people I meet today invest far, far more in a year than the max possible amount of Rs. 70,000 in a PPF […]