Whenever there is a talk about investment (greed) or insurance (fear) there are a few statements that I hear, and it does not help at all! Let me elaborate on those statements: 1. You have Colgate? I wish I had bought that share WHEN IT WAS THAT CHEAP! – you can replace Colgate with Hdfc, […]
One million Dollars used to be considered a safe harbor for most people. Becoming a Millionaire in the US of A, and becoming a ‘Crorepati’ in India were considered to be ‘Rich’. Today if you plan to live in the stupidly overpriced cities of India, you will be living in a house which is worth […]
What is an IDR? IDR is Indian Depository Receipts issued by a domestic depository in India and denominated in Rupees. It represents an ownership interest in a fixed number of underlying equity shares of the Issuing company. These shares are called Deposited Shares. Why should a company issue an IDR? A foreign company which cannot […]
I have written a lot of obituaries for the Indian mutual fund industry….let us see what an American Investor pays for investing in a mutual fund. Most American investors go through a Broker-Dealer or a financial planner who acts as a B-D. Forget the myth of a fee-based financial planner – he is as difficult […]
This is an old idea – many people have said it. Particularly Peter Lynch has said this many times – buy things you are familiar with, what you cannot describe in a picture is not worth buying, etc. There is of course a lot of justification to own shares like Gillette, Colgate, Hindustan Unilever, ITC, […]
Continuing my dialogue series… Journo: Subra do you not think the life insurance guys get pampered? Subra: Why do you say so? Journo: 40% of the contribution as a commission is too much, do you not think so? Subra: What about products with 122% commission? http://www.subramoney.com/book-written-by-me/ J: Not possible in the financial service industry…..at least […]
It is still a White Man’s World. And risk perception is decided by the White man. So if he says risk is in emerging countries, well it is time we told the White Man that risk is to be priced that is all. Frankly the Western World is in denial about the Greece problem. There […]