Here I am putting in some of my own effort, and some copied from the masters. Remember there are some very holy but useless sounding right advice. If you do not know how to do, LEARN them if you wish to be a good investor: A. Know yourself before starting to invest: 1. What kind […]
So you are 22 years of age and wish to invest in equities, right? Welcome to the very many people who wish to invest in equities, but do not know where to start. First things first. If you are doing a career in medicine, or are a lawyer or any other professional, chances are you […]
Here is a Master Class of Investment Lessons…..I did this as a lecture for a few managers who communicate with HNI customers… Not necessarily in any particular order…you choose that yourself: 1. Write down an Investment Philosophy Statement like this: http://www.subramoney.com/2008/02/secret-of-successful-investing-philosophy-statement/ 2. Be clear about your financial goals – and understand that a market fall […]
When you go to a financial planner you have some expectations, do you not? Let us see what are the legitimate expectations that you can have: – he should be able to articulate your goals more clearly. When you say “I want the best education for my daughter” he should be able to translate that […]
Many people ask me for the best investment advice ever… This obviously has to be a very small post: 1. Write down your financial goals: Clearly, SMARTLY, ….write. And see what each goal will do for you, say it out loudly, believe in it. Make sure YOU want it. Not your mom, wife, child, ….YOU, […]
What is a valentine post doing in a financial blog? Well , well, I should have said: Will you be my financial valentine? In this era of boys and girls earning equal amounts, both of them have equal responsibility in managing the money too. Obviously nothing in our education system teaches them this basic skill…and […]
If you are wondering why I keep repeating some of these things, it is simple. I keep meeting people who make such basic, basic, basic mistakes in investing, that it is painful. I met a person earning Rs. 400,000 a MONTH being asked to take a Rs. 700,000 loan, BECAUSE the interest is tax deductible. […]