Attended a gyan session by a fund manager who said why we should be buying equities NOW. Of course I have never heard any fund manager say ‘do not invest now, markets are overheated and over priced’. Never. NOR do I hope to. After all in an aum based rewarding system even vegetarian fund managers […]
Let us look at 4 of them: Reliance Power ( P/e of 81, obviously not paying dividend) or Tata Power (p/e of 20 and dividend yield of 1.35), or Ntpc (p/e of 13 and div y of 2.62) or Nhpc (p/e of 8 and div yield of 3.31). could not decide, but told myself when […]
Mostly people tell you ‘I bought a house for Rs. 50 lakhs’. Great. A house is rarely just the cost that the broker told you when you bought the house. Have you seen what are the associated costs? Cost of the house is Rs. 50 lakhs. Assuming you did not have any money for down […]
if you opened a bank account and the bank said ‘you have to keep an average quarterly balance of Rs. 5000’ please ask them what it means. In many banks this AQB means all your balances across savings, current, fixed deposits,…are all considered while this amount is calculated. Recently one senior citizen who had opened […]
Amazing things can be done if you lobby right. The cycle component manufacturers in Ludhiana are inefficient in their manufacturing capabilities. Add to that we must have kept everything in the ‘small scale sector’ to ‘help’ the poor guys. However these ‘poor’ guys can lobby well even if they cannot make good quality products at […]
A few days ago I did a sarcastic article on ‘how real estate prices cannot fall at all’….now I am contradicting myself! Two different stories about real estate deals: One person bought in a upcoming luxury project in year a 4bhk house for Rs. 112 Lakhs in dec 2006. In 4 years time, a self […]
I just did a post saying ‘Men and Money’ so here is a post on Women and Money. Assuming that the Man is the main provider and the wife is the secondary (financial) provider, what are the things she should do to know how much is the husband earning? Is it enough? Are they living […]