LiC collects money from the small saver. It pays commission ranging from 4% to 40% based on the product that it has sold, the remaining money gets invested. Where does it invest? Well to keep the people happy it invests in Secured Government Securities. Chuckle chuckle who decides the price? Government of India! Does LIC […]
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 […]
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 […]
I watched 5 minutes on a channel that was discussing Financial Advisors. An interesting suggestion came up – one of the panelists said an advisor should get say 20% of the profits and about 10-15% of the losses in a clients portfolio. Brilliant advise. If you do not know what a portfolio manager does and […]
It is not that the retail investor cannot invest on his own, it is just I think the odds are terribly against them. Let us look at some of the foolish statements that I hear from time to time: 1. I do not make losses in the market: A wife told me that this […]
When all of us feel that there is no risk, risk happens. Like all of us were sure that the markets will go from 21000 to 25000 it went to 9000. Market is a great humiliator -and exactly when you feel you have understood it all, it slaps you. At times it hits you in […]
The technology space and certain sequence of operations in the finance space are big secrets. For example if I have developed a trading algorithm I would not like anybody to know the algo – especially if it is working well for me. Here in likes a dilemma – if somebody wants should you teach…or should […]