Prior to World War II most people in the world were happy living in rented houses. This gave rise to concepts like ‘pagdi’ where you paid a sizeable deposit and a small rent. Mumbai used to be full of such properties . In fact this gave rise to sayings like ‘Fools build (buy?) houses, Wise […]
Continuing my dialogue series… Journo: Subra do you not think the life insurance guys get pampered? Subra: Why do you say so? Journo: 40% of the contribution as a commission is too much, do you not think so? Subra: What about products with 122% commission? http://www.subramoney.com/book-written-by-me/ J: Not possible in the financial service industry…..at least […]
In almost all trainings – whether it is a relationship managers training or a independent financial analyst’s training, one complaint comes through very loudly. It goes like this: “I have a client who invests 5 a month in a mutual fund regularly. However I am under tremendous pressure to sell him a unit linked plan […]
I had to speak at a Church (Parish) in Mumbai on Investing. In a religious gathering it was necessary to keep in mind what the scriptures said about investing. So the topic I chose was ‘Scriptures and investing’. The Christian community is quite conspicuous in its absence in the financial services field – especially in […]
Let us see…getting rich is easy is it not? Get a good degree ——> It will lead to a great job—-> You will earn a lot of money —-> You have got rich. This is one route. Well there are some issues – every body cannot get a good degree..so the scheme is torpedoed at […]
For many generations we have believed what we own (i.e. items on which we are allowed to put our names) are our assets, and monies that we owe are our liabilities. It took Robert Kiyosaki to tell us that assets that put money in our bank are our real assets – equity shares, rental property, […]
Mr. Awanish of money mantra asked me how much will an SIP of Rs. 5k a month grow to over a 20 year period..I actually do not know..so that is what I said, but said it differently. He published it in the money mantra magazine..for which an electronic copy is not available… there are 2 […]