Here is a mail from a reader…I thought readers / fans of planners / etc. should respond. Would love a response from Babar Zaidi, Ritu Kant Ojha, Anirrudha, Kamya Jaiswal, Debashis Basu, Khyati Dharamsi, Deepa Venkatraghvan, …other CFPs, ….all others welcome. I personally do not understand how personal financial planners work (well to a great […]
Suzie Orman runs a popular program in the US of A which is simply titled “Can I afford it?” wherein people call in to ask “Can I afford a second hand Mercedes which costs me $ 45,000?”. Then Suzie sizes up the situation checking up whether the person has some money in her/his savings account, […]
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 […]
Make that first investment; waiting is costing you a bomb! After every lecture on financial planning, I get many requests for information from, young people just starting out in life. Regardless of their age, people do realize that a little upfront planning and action can put them ahead of the game. Therefore, here is what […]
In every financial planning class I need to do a post lunch session. To keep them awake I ask them to do a simple exercise – calculating how much money they require for retirement. Unless they are at least 32-33 years of age, they have no clue as to how much they need for retirement. […]
Are you in Denial mode regarding your retirement financial needs? I cannot comment for every one, but too many people I meet are in denial about their financial needs for retirement. Most of us do not want to accept that we will buy 3-4 washing machines, air conditioners, refrigerators, maybe about 2-5 cars, at least […]
Caller: Mr. Subra I am happy you have taken my call…I am 73 years of age and have about 98% of my net worth in equity.. Me: My GOD! Sir I am aghast ..how can you have all your net worth in equities alone..it is too risky do you not know? Caller: Sir I did […]