Money Lessons I learned from Dad
In my college days whenever I confessed to my Dad over the phone of my latest blunder, invariably there was a long silence. Was he angry? His silence was more menacing than a scolding or a lecture, even without him reprimanding, most of the times, his silence worked. Perhaps most dads are like that — […]
Women and Money….
Women have always been sensible savers, careful spenders and prudent managers of money. The lady of the house has always been balancing the household budget and managing the needs of the various members of the household. Despite all the constraints, she has always managed to keep some money aside for an Emergency and create a […]
The Importance of the Union Budget 2020?
In accordance with the Constitution of India’s Article 112, it is necessary to present a budget before the House of Parliament and get it approved before the beginning of every financial year. The word “budget” is derived from the French word “Bougette” which means “Small Bag”. It is adopted from the British, who used to […]
What To do in the Equity market now?
In recent times, if the sea of red on your portfolio statement is prompting you to lose faith in equity investing, your mind is telling you to stop your SIPs and go back to FDs, just remind yourself of, why you began to invest in equity in the first place.If you started your equity-fund SIPs […]
The Curse Of Overconfidence in Investing!
I remember an old saying from my college days, “Confidence is I can Kiss My Girl Friend” But believing that, “Only I can Kiss my Girl Friend is Overconfidence.” They say, “Confidence is good but Overconfidence always sinks the Ship” and the first thought that comes into our mind is the Sinking of the Titanic. […]
Getting Rich vs Staying Rich
Learning how to make millions is one thing, but mastering the art of keeping that fortune intact is a different task. Many people get rich, only to blow their earnings in a matter of years. We have also seen successful businesses and corporations going into oblivion in a short time. There is an old saying, “Getting […]
Leverage – A secret to wealth creation – Bane or Boon?
Using “other peoples’ money” sounds like a great way to make a fortune. Borrow some money, make a fortune, pay back your lender, and keep the rest. What could be better? Archimedes is credited with establishing the concept of leverage, over 2000 years ago. He famously stated that, given a lever long enough and enough […]