A few days ago I had given 3 interesting scenario with the question: ‘Do they need life insurance?’. Here is the answer to the first story. Am summarising the story for those who came in late…and those who do not wish to go searching for the story: Mr. Rajesh is a well off builder. His […]
When a client asked me to visit a very successful doctor, I thought he wanted to invest some monies in the equity market. He actually wanted a shoulder to cry about the losses in the F & O market! A small story might be in place. There is a simple mortal who is praying to […]
Have you wondered why compounding works? Because most people who have passed 7th standard ‘think’ they understand compounding, but many do not. In July, 2006 I had done an article for rediff.com ‘How to become Rich with just Rs. 100″. I have no clue as to how many people read this article – it is […]
NPS – New pension scheme or National pension scheme….does attract a lot of attention from many investors. However the jury is still out on whether one should invest in it nor not invest. One major (I mean MAJOR) DRAWBACK is you have no clue what will happen once you finish the accumulation stage and go […]
Prior to World War II most people in the world were happy living in rented houses. This gave rise to concepts like ‘pagdi’ where you paid a sizeable deposit and a small rent. Mumbai used to be full of such properties . In fact this gave rise to sayings like ‘Fools build (buy?) houses, Wise […]
Manish talking to Puneet: Here is where I disagree to some extent , If you disagree that Tradional Insurance can beat Term + Balanced Funds in long run , then you are disagreeing the fact that Equity investments risk goes down in long run , Take two case Case 1 : A buys Traditional Insurance […]
Almost every body whom I meet asks me this question: “Should I buy gold?”. My answer is never straight (everybody around me says that!!). So I ask “Why?” The answer always is : “Because it is going up.” To me this answer is scary and completely stupid. If every body is buying an item because […]