If you were not around to see the -46% of 1993, but were around to see 2008, then 2011 would have looked quite bad. Seeing your portfolio shrink by 25% (worse if you did not have Bharti, but had more of Reliance!!)…and if you were a $ investor, it was worse. Including the 19% fall […]
The US is not a socialist country. It is in fact a capitalist democracy. So the people can choose what they eat, what their children eat, how much to save….correct? Well, that is what I have been told to believe by some authors of Economic Thought. However in real life capitalism is about lobbying. For […]
Sometime in 2007-8 the BSE decided to use something called corpfiling to get the information from the public. This replaced the earlier method of collecting information. When a company conducts a board meeting or discusses its quarterly results…it is necessary to tell the stock exchanges and the regulator what was the outcome of the meeting. […]
Many people ask me- will I be able to do financial planning myself? My answer is sure, but if you are a student of financial planning or the head of research in a pharmaceutical company trying to do your own financial planning, you need to know the following things before you start. Just check […]
I am perhaps one of those rare people who say ‘An investor is personally responsible for Ruining his portfolio’. Of course there are people who help him on the way, but primarily he and he alone is responsible. A financial planner makes some assumptions about client behavior. Let us see some of the impossibly irrational […]
Some companies in India are more equal than others. Sahara is one such case. No clue about what they do. They can show a thumb to RBI, go to the Supreme Court over a matter, scare the regulator into taking action,…. Congrats to SEBI for passing the order – surely Sahara will say the matter […]
As a part of my personal financial planning seminars, I come across thousands of customers who are looking for advisors. As a part of my training sessions, I come across millions of agents who are looking for customers. However, for me it is not just picking up a telephone number and passing it on. This […]