We just saw…part 1 of ‘should I retire at all’…now here are the hassles – or why I have been having these doubts! Here are the reasons: Of course the most important question is “Will my corpus last 4 decades….for me and my wife to survive on”… 1. In India we have NO social security […]
I meet all kinds of kids – and it is worth seeing their attitude towards money and their parents…. Some kids think that their parents owe them a living! Some kids hate spending their parent’s money – even a farthing! This is not about their attitude, it is about their ability to communicate with […]
I am not sure about the social media and investment advice, but am worried about the people who talk about risk in the media! Let us see some comments: 1. At this point if you are afraid of the markets you should shift to a RISKLESS portfolio of debt funds, FMP and bank deposits. Yuck, […]
A friend called me with a surprising question. Let us call him M.D. He bought a house in Navi Mumbai for about Rs. 80 Lakhs, – of this about Rs. 55 lakhs was funded by a loan from the State Bank of India. Over the last 4 years he had paid a lot of interest, […]
Not sure how many of you are on facebook. One Ibnlive.com clip doing the rounds is an IAS topper saying how much his father sacrificed to make him an IAS. He talks of his father selling his land. He talks of not having a house to live, but still studying for his IAS. His father […]
Last week I spent some time with a friend evaluating his portfolio. Like many of my friends he had started his SIPs about 10-12 years ago and had done well in his investing, simply by being disciplined, not arguing too much and letting the compounding go on! However, his wife did not know too much […]
One of the girls who read my book….has sent this note….I have masked her name….obviously do not want her name to show up in a Google search!! Name: hidden Age: 23 (born 1987) Profession: Service / Banker 1. At what age do you plan to retire? Have you started saving for retirement? I plan […]