Doctors normally start their practice and the money starts coming in – first in trickles and then as a flood. Over enthusiastic accountants and ignorant doctors are a dangerous combination – they keep the doctor’s income low so that lesser tax can be paid. Suddenly if the doctor wants to set up a bigger practice, […]
Once you start writing, talking, hosting a program about finance you become a finance expert. So without naming anybody you now know who are the financial experts to whom this country turns to. For example all channels now know what is wrong with Indian cricket – though of course none of them knew before the […]
Yesterday (24 Feb 2010) belonged to the world’s most worshipped cricket player ever to have walked the earth. Welcome to the world of Sachin Tendulkar. He displayed a Master class in cricket – and a CD of his best innings with a voice over from Ian Chappell, Viv Richards, Sunil Gavaskar, Ravi Shastri and Rahul […]
Inflation story continued……… Psychological Impact of inflation is quite harsh on the investors and savers. Economic theory says when inflation is high, people will tend to spend more – because there is no incentive to save. This is true to a very limited extent. Most people get so scared that they start saving more and […]
A couple of days ago I got a mail saying “Insurance is a waste of money. I am 62 and never needed it”. It is such an amazingly stupid statement I could not believe it. ‘I’ have not needed it does not mean ‘nobody’ needs it. So it is foolish to talk like this. It […]
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 […]
Thanks to the media most people know about SIP – Systematic Investment Planning. Of course the basis of SIP is rupee cost averaging (or dollar cost averaging as an international website would call it). Rupee cost averaging is a series of equal rupee investments made at regular intervals. It sounds simple to do so most […]