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 […]
this article appeared in money mantra….as a lead story on inflation. Inflation is perhaps one of the least understood risks in investing. Understanding the power of small numbers is not easy. That is the reason why people find it difficult to understand the impact of compounding too – after all inflation is just negative compounding. […]
Doing an article for the New year is easy. Just go to the article you did in the previous year…and change the year. However is a good list of resolutions that you can make – it is really useful if you made it already, just reiterate it, and follow it! So here it goes 1. […]
Are you in Denial mode regarding your retirement financial needs? I cannot comment for every one, but too many people I meet are in denial about their financial needs for retirement. Most of us do not want to accept that we will buy 3-4 washing machines, air conditioners, refrigerators, maybe about 2-5 cars, at least […]
Last week I was speaking to one of the bright kids I work with. For practical purposes let us call him George Orwell. This kid (25 years old) was born in 1984 and has just started on a nice salary. He spends well but can put away a nice amount on a regular basis, but […]
A few days ago I was watching a personal finance program on ET TV. How some statements are now being thrown about is very surprising – and amusing if one were not bothered about the side effects. A portfolio for a 55 year old individual (5 years to go for retirement) was about 50% in […]
Retirement Financial Planner: Retiring early is a great thing to aim for. Client reaction: Retiring early is a problem. Retiring at 52 will mean 45 years at home. This for my wife will mean more husband and less income! I have no hobbies, what do I do? Americans at least need to develop some hobbies […]