An excellent profession / business to do now is the financial planning business. Of course some people call it a profession too. Why am I saying this? Simply because we are in the very early stages of the profession. It is like being in the banking business in the 1900s, in the mutual fund business […]
Are we not sick of hearing the following: The terrorists acts have been a dastardly one…. The culprits will not be allowed to get away with this… It is not an intelligence failure…we had warned the state governments about this….. The Home Minister visited the attack site and made a statement in both the Houses… […]
THIS IS AN ARTICLE ….. – By Gaurav Rajput, Director Marketing, Aviva Life Insurance Warren Buffet famously shared, “Someone’s sitting in the shade today because someone planted a tree a long time ago.” Indeed, what he said is true. In order to enjoy the benefits of a rich future, it is essential to start investing […]
a few days ago I had done a lament about the quality of data available in India. It is almost impossible to do stories like: Are most people from Mumbai investing? Are more women investing in 2012 than 2002? or Are IFA assets more sticky than Bank brought assets? or Why are the assets under […]
PSU companies make profits only if: – they have a monopoly – price is controlled or quantity is regulated – the market is very unfair – there is so much profit that all companies make profit. PSU banks fall in the 4th category! The government owns about 25 banks – and it has no reason […]
The world knows that the most profitable business in the world (since Shylock’s times!). Banks have seriously huge margins – just see them borrowing at the bottom from absolutely lazy guys like me (SB a/c 4%) and lend it to absolutely lazy guys who do not even know how to borrow by lending at 25% […]
Long long ago – at the beginning of 2008 perhaps – one fund manager told me ‘Subra the best, Golden Run of our lifetimes is over’ to see the index go up from 3000 to 21000 in 4-5 years is a super dream gone right, may not happen again. We then spoke about how we […]