This Diwali a lot of people are going to make a demand on your money! One of them seems to be builders who have all lined up schemes to sell property to you. However you must have seen and experienced – a very small portion of the cost of the house is paid by the […]
As some of us have been saying, we’re witnessing the unwinding of one of the greatest financial bubbles of all time. Not just in India – much more so in the USA. Yet home prices will not simply go to zero like some shares did.(Remember Mazda, Silverline, Shaan, Indiana Dairy?) However DLF shares fell from […]
It is so funny to see politicians and some fund managers say India’s interest rates are very high in real terms (if inflation is 3% and interest rates are 10% reeal rate of interest is 7%). So interest rates should come down. Also if the $ is now at 52 or 53 to a rupee, […]
When the finance minister says something, you listen. Especially if you are a PSU bank – and even if you are the biggest. The PM/ FM combine know that elections are coming, so they should look good. How can you look good? By reducing the prices of petrol, and makaan. However as the government does […]
The Housing Market… Why the Price-to-Rent Ratio is Signaling More Pain Ahead Whether you’re investing in real estate, stocks, bonds, or gold coins, you are rewarded primarily for your exposure to one thing – risk. After all, markets are only risk transferring mechanism. In the summer of 2007, I warned friends that if they were […]
The process of providing financial fitness involves four basic steps. If you have the time, objectivity, inclination (to take time off from your family to do this) and expertise in accounting (to file your tax returns), investments, taxation, insurance, and estate planning, you can do this process on your own. However, avoiding personal bias is […]
Warren Buffett has some advice for young people, like college students, who want to remain financially independent. It’s not new and its not a surprise, but it is solid counsel on avoiding a very common money pitfall, and worth repeating: “The biggest suggestion I have is to avoid credit cards. Interest rates are very high […]