So many people tell me, write to me…..saying ‘I agree we should do something about our retirement’ but rarely follow up on their words! So many people in their late 20s and early 30s KNOW that they have to save, invest, etc for their own lives and their children’s lives. They read up good websites, […]
I am not getting into whether the future is very bright or very bleak. That is not the aim. Clearly the world that matters i.e. the so called developed world is living beyond its means, and the rest of the world does not know what to do. The Greeks classify everything as a dangerous profession […]
Once upon a time (even today it has not really changed much) companies were run for the benefit of the dominant shareholders who were also in management. Even today that happens in companies like Reliance, Birla, Bajaj, Murugappa, – and these are not insignificant in size or contribution to the national kitty. However in the […]
Leveraging (like derivatives) is neither good nor bad. Huge wealth has been created by leveraging (Reliance, Tata, Uday Kotak (net worth Rs. 30 lakhs to market cap Rs. 26,000 crores in 25 years) – and also ALL bankruptcies have been caused by bad management of debt. There are many advantages of gearing or borrowing: a. […]
Most people I know pay taxes and also file tax returns. However to say that they file taxes honestly is a little difficult to say. As a social psychologist if you do analyze why people do not pay taxes, the following seem to be the reasons: a. Does not seem reasonable: Why should I pay […]
In one of the newspapers Sandeep Shanbag was lamenting about very few Indians paying tax. This is perhaps true from the records. However whenever I eat on the footpath (rarely, but it happens) I speak to the vendors about their income, their savings, and even their investments. One thing that comes out is that the […]