this article appeared in money mantra….as a lead story on inflation. Inflation is perhaps one of the least understood risks in investing. Understanding the power of small numbers is not easy. That is the reason why people find it difficult to understand the impact of compounding too – after all inflation is just negative compounding. […]
Mr. Awanish of money mantra asked me how much will an SIP of Rs. 5k a month grow to over a 20 year period..I actually do not know..so that is what I said, but said it differently. He published it in the money mantra magazine..for which an electronic copy is not available… there are 2 […]
Nobody believes that tech stocks can do well in 2010, correct? This comes from 2 fears – US recovery will not be too great and that the dollar may weaken. Let us look at the dollar – it looks like the dotcom boom – when we were all sure that the tech stocks can only […]
If you think private fund managers (as in people running PMS services for private clients, not employed in Financial services companies, but stand on their own feet) are all greedy, you may be wrong. Here are 2 fund managers with a fantastic reputation. One was in a top job before he started his PMS services […]
These are stories about a few friends. I have 2 friends – aged about 57 years. They were classmates and are now very close to retirement. Their investing philosophies are so different that I could not believe that the accumulated amounts could be so far away from each other. One of them did his MBA […]
A rookie fund analyst called his senior to discuss their portfolio. Of course the CIO does not know about this conversation. Rookie: Sir I think we should sell of our AbC Ltd. shares. Senior: Why? I thought at a lower price earning ratio this share was a good buy, maybe we should try averaging. Rookie: […]
Why do people become proud? Or what are the sources of pride? Let us enumerate the sources from where man / woman get their pride: Youth pride: ‘I am young’ is what Shankaracharya called ‘yovana garvam’. It is there is man right through childhood to old age! Money: “I am rich’ is also a very […]