The Financial Literacy program should start at the Finance Ministry. The FM says ‘Insurance Industry suffers …because of mis-selling’. Bang on. If LIC does not mis-sell and collect huge premia on endowment plans (by the way ULIPs are just a form of endowment plans), who will bail out the PSU companies coming out with IPOs, […]
A few days ago I did a post saying you need Rs. 3 crores (allocated among 3 asset classes equally) – most people reacted saying ‘this is too much’. Let us take an example. If you were to go from your house to office (a journey that you undertake every working day) and you needed […]
There is nothing called a ‘Buy and Hold’. Repeat. There is nothing called a Buy and Hold in portfolio management. Whether it is a Warren Buffet, Peter Lynch, Vallabh Bhansali, Chetan Parikh, …..what sounds like B and H is actually active management. They buy shares and then follow the company through out its journey. In […]
If I did not know how the government works (no even now I do not, but some readers may think I know), I would have believed that the brokers association has done a good lobbying job. That does not seem to be the case. However the RGESS (Rajiv Gandhi Equity Saving Scheme) is likely […]
I can see the kind of parental pressure that kids are subject to in their lives. Even after a kid turns 20, 25….why even 50 parents think they should run their children’s lives. I know one person who started as a peon and retired as a clerk. He has ZERO understanding of finance. Absolutely zilch. […]
Bucket theory of portfolio management….i hope you have heard it. Instead of saying what it is, let me describe a case study – and you will understand it better! Mr. A is a retired person (retired means does not do any activity to earn money, and he is fully dependent on his portfolio for his […]
I do not always respond to emails and comments on my blog. Some are too obvious and some queries are portfolio management queries. Typically like ‘I have invested in……..’ is it a good investment? Is it a good time to average? is it a good time to sell?…. frankly the answer to all this is […]