Do you lend money to friends? How do you react when a friend asks for money? Thanks to banks giving loans literally for everything – personal loans, car loans, home loans, these days the number of people asking for loans has gone down. However at one strata of society it is possible that people come […]
Subra, can you please tell me: How much should i do an SIP for? How much insurance do I need? How much do I need for retirement…? Hey, each person needs according to his needs and requirement. Yesterday I told a guy…’Sorry but Rs. 15 crores is NOT sufficient for you to retire on’. This […]
What Warren Buffett says about basic investing, spending, savings are so true, that MOST of us know it. However too many of us do not live it. So it is useful if once in a while somebody can just rejig the memory. If it does make a change in your life, thank HIM (I […]
So many people have asked me this question, in so many conditions, that I really do not know what to say! I have replied to this in many ways, so let me try one more. The simple answer is NO. However like most human beings you may want a more complex answer, right? There […]
Over the course of your investment life, you will receive a lot of help from well meaning people (completely incompetent in investing but some with empirical evidence of luck in investing). Some of it will sound as follows: 1. Invest in Life Insurance policies like ULIP: this advice will come in the second month of […]
One person came to me saying ‘This is a financial plan that my planner has done, is it good?’. The plan was elaborate – cash flows for 10 years into the future, what product for each goal, rate of return assumption, – all this was there. It ran into 59 pages and could be […]
a hypothetical letter to my hypothetical client. Any similarity to something like this already written by somebody is a sheer accident. Hello Mr. Client, Sebi has vide its circular said I have to tell you all the earnings that I have from your account. I wish they had said that mutual fund houses should […]