Are you in Denial mode regarding your retirement financial needs? I cannot comment for every one, but too many people are in denial about their financial needs for retirement. Most of us do not want to accept that we will buy 3-4 washing machines, air conditioners, refrigerators, maybe about 2-5 cars, at least one or […]
Why should you know Nagnath’s view on the market? When the whole world was pessimistic about India he predicted huge cash inflows. I may not be too wrong if I say that he predicted the bull run in 2002, not in 2008! He always has a balanced view and gives excellent quotes and views to […]
As a financial planner I do spend a lot of time with 16 year olds working in call centers, media companies, banks and so on. When I am with them and discussing their problems, the one question that often comes to my mind is, “If these guys cannot make their monthly salary stretch one month, […]
Most retail investors assess performance of their mutual funds by looking at one number – returns. What most investors ignore is the risk that your fund manager took to get you that return. That is to say “how many sleepless nights did your fund manager give you for getting those returns”. Thus bigger fund performance […]
The Indian financial press loves talking about mis-selling but nothing about mis-buying. Most people who buy financial products do not understand what they are buying. However, this is not a one-sided affair. Luckily (or unluckily) most of the clients do not know what they are buying. You will admit that is a fantastic combination. Let […]
“There are two kinds of investors, be they large or small: those who don’t know where the market is headed, and those who don’t know that they don’t know. Then again, there is a third type of investor – the investment professional, who indeed knows that he or she doesn’t know, but whose livelihood depends […]
Some more data from the same report mentioned earlier! Aum as a percentage of the GDP in India is still at 8% compared to 79% in USA and 39% in Brazil. Will India go the American or the Brazilian way? It is difficult to say, but from the looks of it, India will go that […]