If you have wondered how the ultra-rich manage their money, welcome to the world of Family offices! Family offices are private advisory firms that serve ultra-rich clients. When a client has a large amount of money to be managed and needs a full fledged infrastructure to do that – a banker, a Chartered Accountant to […]
As a business if PMS has to sound reasonably profitable the minimum size of the portfolio should be at least Rs. 10 Million (Rupees one crore). Why am I saying this? Well if I have to meet a client 2-3 times a year, take his phone calls 12 times a year and get my staff […]
Ok the jury is still out on this. Once the Pound was the main currency of world trade, then it slipped. It took a couple of world wars, a depression, huge geo-political changes – big parts of the world shifted out of the Pound’s control…and the dollar became the King. However it was not easy […]
A few days back there was a post saying why you should buy gold. Of course there could be enough reasons to sell gold. I could not think of many more reasons, here are a few: 1. It is a contrarian call – when every body is buying, maybe selling makes sense (oops you could […]
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 […]
There are many reasons to buy Gold and hold it. Of course tomorrow I can give you many reasons NOT to own gold also. One reason NOT to own gold is the recent phenomenon in its price. For example if you had invested in gold in 1980 (US $ 590) today it would be worth […]
A good advisor is a rare animal. And obviously very difficult to find. So you should ask him the following questions: 1. When was your last vacation? If he says he went to….(destination does not matter)ask him who paid for it. If he mentions a fund house or an insurance company, he is not an […]