Caller: Mr. Subra I am happy you have taken my call…I am 73 years of age and have about 98% of my net worth in equity.. Me: My GOD! Sir I am aghast ..how can you have all your net worth in equities alone..it is too risky do you not know? Caller: Sir I did […]
I personally have little at stake in the mutual fund business, but surely the current mess is likely to stay much longer. 2 products which are similar in nature having a different kind of sales incentive is a big danger to one being crowded out. Of course other than the regulator everybody knows it. Khyati […]
Recently an article of mine was published in rediff.com. As expected it was about starting early and investing small amounts regularly. What is amazing is the kind of responses that I get when I say something like this – in a class or in writing. Most people who can invest will not. They will keep […]
Actually many of you will find it difficult to understand that leading a simple life can be so de-stressing. However many Indians see people living a simple life. However if you live in America it may almost be impossible to live a simple life. Now there is a big movement towards living a simple life. […]
The US gives us a feeling of being rich. It reminds me of what Sharad Pawar once said about the Congress (he had just quit Congress about a month ago). S P said “Congress is like the Indian zamindar (landlord)…the zamin(land) is gone, but the zamindari (landlord like behavior) is still there”. Exactly the same […]
It is quite amazing to see how far away most of the media people are regarding the reality – especially in financial planning. Yesterday while flipping channels..i saw about 2-3 minutes of a program which was ‘discussing’ giving ‘Power of Attorney’. These are the things that I heard: – be careful to whom you are […]
People are willing to pay millions of rupees for their Children’s education. Now this has to be tapped by somebody. So every politician has set up a college – true in almost every state. Now these colleges owned and run by goons need students. Easier to get students from Bihar, Madhya Pradesh, Rajasthan, UP, …so […]