In the past 10 days 2-3 people have asked me for feedback about 3 financial planners. I do not know the people asking the questions, nor do I know the planners. Obviously I know the names, but I will not name them. I politely said ‘I as a professional will not comment on the work […]
So Sushil Kumar has just won himself Rs. 5 crores – and obviously the first question topmost in his mind should be: How should I invest this huge amount? Well let us assume that he gets Rs. 3.5 crores after all taxes are deducted. The following steps are very important: 1. Invest the whole amount […]
Sir I have Rs. 100,000 to invest, what should I do? Want to invest for 7 years… Answer: In such turbulent times you should not invest in an equity scheme. So please invest this money in a clutch of balanced fund – Franklin Templeton Balanced fund, Reliance..fund (do not remember which), Hdfc Prudence fund, and […]
Even though this is not the tax season, I do get a lot of questions related to ELSS. Let me enumerate them: 1. Should I invest in ELSS? 2. Is there a lock in? When does the lock in start and when does it end? 3. What rate of interest will I get (yes, still […]
There are many people who write in to say ‘I do not like mutual funds’. Fantastic. What is your choice? Out of about 4000 investors / traders whom I have met over the years not more than 50 are/were capable of beating the index regularly over long periods of time. The statistics is against you […]
What do you do if people disagree with you? Get angry, resign to fate, fight, ignore them…well look up the Cognitive disonance….but first read on.. There are some deep beliefs that you cannot question. Let us say the scientists in the world believed that the world is flat. It means many years of research including […]
Many people have been asking me this question…’You say all this…but where do you invest?’. Well very clearly I invest only in equities. Other than a small amount in debt (which should be say next 4-5 years household expenses) + some money in PPF and planning to open a Senior Citizen Yojana a/c for my […]