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blogI’ll give you some examples, followed by comments. Since this article is about learning, let’s start with this:

“What we learn from history is that people don’t learn from history.” When investors get either too fearful or too greedy, they sometimes hide behind the notion that “This time it’s different.” Usually they regret it.

On fear and greed

“Two super-contagious diseases, fear and greed, will forever occur in the investment community. The timing of these epidemics will be unpredictable. … We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” This is the simple recipe for being a contrarian investor. View full article »

happy-munsWishing all my readers a very happy and prosperous new year . It was a long 2016 year end vacation .

Here are some of the bad financial habits that one need to give up in 2017 by saying No :

  1. Don’t carry a credit card balance.
  2. Don’t invest in high-turnover stock funds.
  3. Don’t trust brokers when their lips are moving.
  4. Don’t forget that a high potential return means high risk.
  5. Don’t buy a home if you think you’ll move in the next five years.
  6. Don’t invest 100% in stocks — or 100% in bonds.
  7. Don’t die without a will.
  8. Don’t retire with debt.
  9. Don’t buy initial public stock offerings. View full article »

Where is India headed ?

Here are some dashboard points that I expect after the clean up of  the old currency  what we can expect on the Indian economic scenario :

A huge amount of around 15-20 lakhs crore of black money would be identifiedblog

We will see a bump of 8 to 10% in deposit with banks

Out of the money identified 15 to 20 lakh would be withdrawn over a period of two to three months

Substantial amount of money around 2.5 to 3.5 lakh cr would still remain in system

There would be a wealth destruction of around 3-4 lakhs crores

30% of money will not reach back to RBI

Next 2 to 3 months property prices and land prices can drop till 30 to 35%

Since there is a surge of deposit huge demand for Govt bonds would be there View full article »

  1. Change is Suddenblog
    Everybody is concerned about the overnight action making high value currency invalid across India. Nobody saw it coming; or was prepared; or had even any idea of its happening.
    But there is something else which we know will surely come, but are not sure when, where and how – that is death. And it will come even more stealthily than this!
    We had 4 hours advance notice for this – but in death, there will not be 4 seconds. Are we prepared for the secrecy and suddenness in Death?
  1. Value can be Lost in a Second
    We had Lakhs of Rupees in 500 and 1,000 denomination yesterday – but today they are just pieces of paper!
    Similarly, all worldly gains – money, wealth, fame, power – not just high currency – will all be worthless for us a second after death.

View full article »

Sharing an important Circular from RBI and GOI, Please do not panic and understand the motive behind this great img-20161109-wa0006initiative:

The Government and keeping in view the need to minimise inconvenience to the public, the following operational guidelines have been issued:-

  1. Old High Denomination Bank Notes may be deposited by individuals/persons into their bank accounts and/or exchanged in bank branches or Issue Offices of RBI till the close of business hours on 30thDecember, 2016.
  2. Old High Denomination Bank Notes of aggregate value of Rs.4,000/- only or below held by a person can be exchanged by him/her at any bank branch or Issue Office of Reserve Bank of India for any denomination of bank notes having legal tender character, provided a Requisition Slip as per format to be specified by RBI is presented with proof of identity and along with the Old High Denomination Bank Notes. Similar facilities will also be made available in Post Offices.  View full article »
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