One reader has asked ‘How will I benefit by reading your book’. An honest answer is ‘I do not know’. This is because in life there are 3 important things in behavior change. First is knowing what is good for you (Learning – Saraswati), then finding a guru – means a person whom you respect, […]
If on your way to prosperity you have accumulated many advisers how do you ensure that they are on the same page? Let me tell you the woes of one of my friends. Typically he has 3 Relationship Managers, one I F A, one Portfolio Manager, one C A who files the Income tax returns. […]
So India was kicked out of the Twenty 20 World Cup, and a billion fans are crying about it. Correct? Let us see what we can learn from here: 1. In the T-20 format, it is far more difficult to predict than in other forms. Just as how no fund manager knew at 21000 sensex […]
Many of my friends, students, clients, relationship managers at banks, business development managers at life insurance companies concentrate on ‘r’ – or the return that they can get on the potential new investment. I really am amused. Let me tell you why. None, repeat none, except one brilliant uncle, knows their current income (unless it […]
Do you want to know the real secret to successful investing? It’s a deceptively simple little thing called an investment policy statement, or IPS. An IPS spells out an investor’s investment philosophy, asset-allocation targets, and expected results. It also lays out a plan for how the investor will monitor his or her portfolio. We will […]