There is only ONE reason why people get into debt. Living beyond their means. Make no mistake there is just one reason. However when people get into debt, and when they come to me, they justify on various grounds…I have very little sympathy -Satyam is never Sundaram, but always SHIVAM!! What are the main reasons […]
Last week I spent some time with a friend evaluating his portfolio. Like many of my friends he had started his SIPs about 10-12 years ago and had done well in his investing, simply by being disciplined, not arguing too much and letting the compounding go on! However, his wife did not know too much […]
Many people get scared when they are asked to think of retirement. I do agree that Indians are innovative and can come up with some nice solutions…here are a few that I have seen. 1. a widower living with his unmarried sister: it could never have occurred to R that a simple solution of living […]
Anupam Kher went to Delhi and said ‘the constitution should be changed’…now the ‘leaders’ of the dalits…decided that he could get some publicity (i refuse to name him). He decided to throw stones at his house…obviously his purpose was served. I still remember a rally in Mumbai (Rajiv Gandhi’s visit)..when one of the ‘blue’ supporters […]
A lot of people who read my blog think I am against real estate. Far from it. I believe a lot of money can be made in real estate – surely greater than gold and debt instruments. Surely less than a nice portfolio of equities. However to make money in real estate the following conditions […]
I started off as a big fan of Meru….a few years back, not sure about the dates but I think this is circa 2006-7. Used it extensively by standing in a queue at the airport, called them in the morning for going to the airport. Outside of Mumbai, it was clearly THE choice – so […]
Charity for me has always been charity related to kids, and preferably related to education. When i see organizations like akshayapatra, Isha Vidya, Aid India,..I am amazed at the kind of work that they do. It is humbling to see (for example) akshayapatra fed a million plus kids a day (million is just a statistic). […]