Let us get it right, the real rich do not borrow. Never ever for personal expenses, buying assets or personal INVESTING. Borrowing and investing is a very foolish thing to do for most people. Will a Mukesh Ambani or a Kumar Birla take a personal loan to buy shares? Tough to answer this question? No. […]
The more I write and the more I communicate with people new to finance, the more I realise the need to ‘de-jargonise’. However I am also convinced that if you need to use your money, it is necessary for you to learn simple words like inflation. With Wikipedia, Investopedia and Google around, I do not […]
The word SWR or Standard Withdrawal Rates is not an Indian term – at least I have not seen any Indian website or magazine use it…It is a UK or US terminology…let us see what it means.. It is the amount of money that you should be able to withdraw comfortably from your Retirement corpus […]
This is an amazing first hand story in the brokerage business. Once upon a time not long ago I happened to be associated with a stock broker who was the 3rd generation stock market broker. He was the Chairman of a brokerage company which we had floated to become a member of the National Stock […]