I could have written a long article or just said…’I have said it so many times’…! There is no great secret to investing in volatile times. Imagine the situation of a person who is doing a Recurring Deposit in a bank…does he/she think what are the interest rates prevailing? No. He just does his RD. […]
In an earlier posting we saw that Goals should be SMART. T stands for tracking. If you have goals it is necessary for you to track whether you are on the correct path. If you were climbing a mountain and following a map, you would look for landmarks to ensure that you are on the […]
this is reposted because i have written a sequel to this…and that will appear in a couple of days… When a young enthusiastic kid (she reads the blog and finds it embarrassing if her name is used!) came up to me and said ‘Sir, if I have Rs. 10 crores in my life, I will […]
These are some wealth observations – learnt from observing, copying, reading, experiencing,….the following learnings are worth reading about: 1. High Income does not always translate to higher wealth: Unless you create income creating assets which grow at a rate greater than inflation, you cannot get wealthy. Simple Income has to be spent and then used […]
There are a few Golden Rules of investing…apart from the most important one..’The Man who has the Gold, makes the rules’ …apart from that the other rules are: 1. Do not abdicate financial understanding: “I trust my adviser” is not always a statement of faith. In many cases I know, it is a matter of […]
Those people who pretend they know how much they are earning, spending, investing or what is their net-worth either maintain detailed accounts or are lying! The mind is a poor accountant, and it creates facts in such a way that is palatable and is socially right sounding! For example if you have spent on some […]
The problem with personal finance is there is nothing new happening that is worth writing about! If I do not write about an IPO, a NFO, some new insurance plan launched,…or ‘tips’ on what to buy TODAY! ,….or these kind of articles, really there is nothing to write. Also I am an old fashioned guy […]