Mrs. Sanmeet Kaur Sahani is the first lady winner at the Kaun Banega Crorepati..(Indian version of Who wants to be a Millionaire)…this is a program conducted by the legendary Amitabh Bachhan and has got the imagination of the Indian middle class. She won Rs. 5 crores (Rs. 50 million) – about US $ 1 […]
If you believe that all bubbles are created by RATIONAL reasons and causes taken to IRRATIONAL HEIGHTS, welcome to the post. Is Mumbai real estate terribly high and unaffordable? Yes. Let us come to some RATIONAL reasons why people buy: 1. If we do not buy NOW we will never be able to buy in […]
One reader (SR) sent me some details like age etc. and asked me “Can I Retire, my age is 41 years”. Answers like ‘yes’ or ‘no’ is perhaps very easy to give. Completely irresponsible too. Let me explain. If I were a doctor and a 41 year old man came and said ‘this is my […]
The most maligned person in the financial service space is the distributor. It is he/ she who provides the last link between the financial product manufacturers and the end investor. Let us describe the typical distributor: He earns about Rs. 2-3 lakhs a year (a decent MBA would not EVEN consider looking at such a […]
When you go to a financial planner you have some expectations, do you not? Let us see what are the legitimate expectations that you can have: – he should be able to articulate your goals more clearly. When you say “I want the best education for my daughter” he should be able to translate that […]
Subra one does not know whether I will pop off at 45 or like A K Hangal at the age of 98. So in order to live peacefully, I need to create a serious amount of income and wealth. – So said a reader who is about 40 years of age. He also said ‘the […]
From the age of 50 or thereabouts you need to be planning for retirement. Typically you may be planning to retire at 52-65 depending on many factors of your life..here are a few things you need to take care of: a. Communicate with your spouse: If you think you will retire at 55 and your […]