If you pick any book on investing you will find the following steps to financial “Nirvana”: 1. Have a plan 2. Make a budget 3. Save regularly, and then invest regularly 4. Know your risk profile 5. Understand asset allocation – and stick to it like a discipline 6. Review regularly. I have no doubt […]
If the market goes up 3 days in a row, i get emails / queries asking “Is this the end of a bear market”. UNfortunately I do not have any simple answers. First of all the market does not announce the starting of bull / bear markets. Pundits have chosen the names and almost always […]
We are in the midst of an economic slowdown for sure. The west is down to growth rates of 0 and 1% per annum. Dropping oil prices will mean Sovereign Funds will have lesser monies to spend, and IT companies will also bring in lesser revenues. When the going gets tough, the tough go shopping! […]
For many of us who sell life insurance, we dread the call from the client’s nominee asking for a claim form, do we not? However, do we expect a call from a client to say “Thanks for the term life insurance that I took from you last year, I am alive, but am happy to […]
fuller version of this article of mine appeard in retuers under this heading: The Meltdown’ What to do? As a colleague in the office told me, if you want to fail and you are expecting a storm, fail first! So some of the “early birds” got protection, and then the protection vanished! The […]
I have had at least 13 calls asking me a simple question: “Should i sell my units in Dsp Merill Lynch?” and “Should I surrender my TATA AIG policy”. Surprisingly the answers to both the questions are a little different. A mutual fund has 2 distinct parts. One is a Trust – which has all […]
So at last the world is telling America a simple thing. You cannot live beyond your means for too long. When they had a huge deficit, they went to war at Afghanistan. Then at Iraq. It does not matter how much money you have – if you burn it fast enough, it will be over! […]