Thanks to my historic interest in equities, I have some strong views on equity…like the following: a. a small broker cannot make money in broking alone b. a big broker can make money by MONEY lending to traders c. equity is a good investment in the long run d. short term trading is NOT investing […]
At age 35 people suddenly realise that death, old age, etc. CAN happen to them also…. So suddenly they look for somebody who will ‘help’ them to plan their finances. They get to somebody and find out somebody who comes to their house or their office. They think (thanks to the TV ads, I am […]
– Markets are in a turmoil, you should be investing in ‘safe’ assets that give guaranteed returns like ppf, nsc, bank fixed deposits. – Do not sell all your equities, but do put some money in debt instruments, it is safe – Do not worry about sector specific investments, but the sectors to be avoided […]
I do financial planning at a more philosophical level than most other planners. I largely look at my ‘job’ of helping people help themselves. This of course is NOT a good business idea, and does not make any sensible money, but so be it. Recently a reader turned friend had asked me to review his […]
Remember the Slumdog Millionaire movie? Well, they picked up a kid from the slums and made a movie based on the book by the same name. The kid from a slum was scrubbed, cleaned and fitted into a world of ‘clean bodies and unclean souls’. So far fine. Now this kid went from slum to […]
One young fresh MBA girl walked up to me and said ‘I want to get really rich…if you give me just 1% of your wealth, I will be rich’. I said, I will make you rich and teach you to get really wealthy, WITHOUT giving you anything, but by just teaching you…HOW to get rich. […]
Three questions, same answer! 1. Subra I have been paying an annual premium of Rs. 10,000 for the past 7 years, but the amount accumulated in my ULIP policy is only Rs. 59,000. What should I do with the policy now? My agent tells me the upfront charges which were high have already been paid […]