Today every T, D, H and his aunty has become a financial planner. Largely it means they will provide you a cookie cutter questionnaire (if at all), mouth some brilliant one liners ( equity is for the long run, Hdfc Equity fund has a good long term track record, you must have a child plan […]
In every financial planning class I need to do a post lunch session. To keep them awake I ask them to do a simple exercise – calculating how much money they require for retirement. Unless they are at least 37-38 years of age, they have no clue as to how much they need for retirement. […]
Some questions plaguing parents about money have been the following: 1. Should I delay my saving/ investing for retirement BECAUSE I am saving for my children’s education ? 2. Should I dip into my Retirement kitty to pay for my children’s education ? Sadly in the Indian context education is just a broad word I […]
From the age of 50 or thereabouts you need to be planning for retirement. Typically you may be planning to retire at 52-65 depending on many factors of your life..here are a few things you need to take care of: a. Communicate with your spouse: If you think you will retire at 55 and your […]
You have heard this many times…right? The rich get richer..why do you think this happens? Well it is because whenever we buy something we pay a price, right? Well let us say you go to a hotel where a ‘masala dosa’ is sold to you for Rs. 75. Immediately your mind goes to the costing […]
A lot of qualified planners have given the following advice to a few people who have written in to me..let me summarize a few of them for you: 1. Equity is risky, it has no place in your portfolio. I write so much about equity, I am sure my readers know how stupid this line […]
Well Anna Hazare is a tough nut to crack…and we have seen that: Manish the great spokesperson of Congress says: Anna should stand for an election if he wants to do something for democracy, OR HE IS ANTI democracy. I will let my brilliant readers decide between Manish, Kapil Sibal, PC and Amika Soni on […]