The story of Harshad Mehta perfectly fits a Bollywood movie. Even Bollywood knew it. Consequently ‘Gafla’ a movie released in 2006 was loosely based on him. As if one movie was not enough, Abhishek Bachchan is going to portray Harshad in a biographical financial crime drama film this year. Harshad was born in a lower-middle-class Gujarati…
Is it really true? Should one invest in Mutual funds? Why should one invest in MFs? I say why not? I’ll assume that you are an investor who has a little or no idea where to invest and maximize your money. Investing can be a very complicated and mind-boggling task. After all, there are so…
We have all been taught wrong. A healthy desire for wealth is not greed, it is a desire for life. We have all got one life so why not fully flourish before dying. And, how to enter the league of the rich and wealthy class? Forget linear, go exponential! An average person in his lifetime…
We feel that this is probably the best year to start your investing journey. All of our attendees are college students. We are all nearly the same age. And I want each of us to be wealthy and financially free by the age of 40. We still have 16-20 years left and if invested carefully…
Read till the end I bet that you won’t regret it… People are saying that markets are risky… That they would rather have an FD to get rich… Tell me, how many billionaires or millionaires do you know who have made money from a savings account or FDs? While putting Rs 5,000 in the markets,…
An investor who buys land, building, painting or gold can touch and feel them. These are physical assets that can be touched, felt and used. Financial assets are the ones that can’t be touched and felt. Examples include shares, bonds, mutual funds schemes, fixed deposits, and bank accounts. Their value is not in the paper…
The Legend! One of the greatest wealth makers for the shareholders in India, Bhaskar Bhat has now stepped down as the Managing Director of Titan company. To quantify his legacy, an amount of Rs 10 Lakh invested in Titan in 2002 would be around Rs 47 crores today! An epitome of energy, intelligence, and integrity,…
Many of our attendees and non-attendees are asking about investment in Yes Bank… Yesterday it rose more than 30% i.e. from Rs 32 to 42! Now, first of all, I want to say that don’t get greedy looking for just one rare instance of instant wealth. What you are not looking for is that it…
What do the wealthy few own that makes them wealthy? Stocks, Bonds and Real Estate combined accounts for 81% of their total wealth…!!! And the reason is of course simple. These are the assets that generate passive cashflow and also provides capital appreciation. If you look closely, cars and other luxury items account for only…
For quite a time, I have been asked by many on where to start to manage personal finance and wealth. It’s a question that has been bothering many students and young graduates. People are not able to understand what are assets, liabilities, balance sheets, cash flow, credit score, down payments, etc. and most importantly, the…