The word ‘guaranteed’ has a strange aura to it and it can suspend all our logical senses to consider and buy whatever investment is on offer. Insurance companies have used this aspect to sell (missell) anything and everything to the unsuspecting investors. It is not uncommon to see 10%, 12% guaranteed income numbers being thrown […]
[Wealth] Lighthouse – June 2023 Edition
Time is the most important determinant of investing success. It is a realisation that comes with ‘time’. When we have exhausted all the ways to grow fast and easy, we go back to the time tested principles of building wealth. I say this today as a reminder. In the age of influencers, and those who […]
Deposit Insurance – What happens if your bank fails?
Deposit insurance came back to limelight after the Silicon Valley Bank or SVB crisis in the USA. Given the global nature of the economy, people in India too started to ask if the banks will have a problem and are they covered by Deposit Insurance. After all, not along ago we had failing banks such […]
Budget 2023: Let’s simplify
This is literally the theme of the Budget 2023 specially with personal income taxes. And that is the only thing I had wishes for – simplify! Expert after expert recommended a change in 80C limits, aligning capital gains taxes, increasing tax slabs, etc. The underlying idea was fine – reduce the burden on aam junta […]
Purpose is more important than goals
I recently met Vibhas after more than a decade. In all the catching up, I saw his eyes light up when he spoke about his “life driving purpose”. It has come to define the reason of his existence. Every thing he was doing, the smaller goals, the tasks, everything was geared towards this big mission. […]
