Gold Prices have reached all time high & in near future there is no possibility of drop in Gold Prices, It will increase further...Most of us wonder Why Gold Prices are Rising? Simplest explanation is since Inflation is High and Gold is best Hedge against Inflation therefore Gold is appreciating. Economics calculations are not that simple...Economics is web of complex calculations where each factor is linked to many other & on top of that sentiments are key driver of Economy....In this Post, i will try to explain in simplest possible way "Why Gold Prices are Rising?" despite ... Read More
Impact of Inflation
Recently i received a call from one of my friend working in Pharmaceutical sector, he called me to inform that he got 6% salary hike & was quite delighted with this hike…After phone call i was wondering whether he really got a Salary Hike & the answer is big NO…You must be wondering, Why? Let me answer this but before answering let me ask 1 question..What is Inflation? 99% of people will answer that it’s a parameter or gauge to measure the rise in price of essential goods & services..Fair enough and it’s right also…I searched internet and got same definition almost every ... Read More
Why you should not invest in SIP?
Recently i saw new ad of Max New York Life Insurance on Television, where in they are trying to convey message that they are the only one who are not Mis-Selling financial products & indirectly hinting that every one else is Mis-Selling Financial Products..My 1st impression was that they might have taken cue from my Article "Beware of Your Relationship Manager/Personal Banker" dated April 13, 2012 as i highlighted the same concern through my article..I am sharing the link of that article with the reader's of my this ... Read More
Avoid Car Loan – Lease the Car
In one of my blog, I explained the difference between Productive Asset and Non Productive Asset & I suggested, not to invest in Non Productive Assets…There is one more class of Asset & it’s called Depreciating Assets. Your 4 wheeler i.e. Car falls in this category. The assets in this category neither appreciate nor give any regular returns or helps in savings. The investment in this asset class depreciates over a period of time. On top of it, if u buy any such asset by availing loan then it’s a huge Financial Loss/burden. Always avoid Car Loan and Car should be purchased from own fund ... Read More
How to get a Safe Deposit Locker from Bank?
Trust me it is very difficult to get a Safe Deposit Locker from Bank..I faced this trauma thrice in life…Now U must be wondering, i must be super rich and hired 3 lockers but to clarify as & when i changed cities during professional journey, i required locker in new cities…The crux of the matter is to get a locker from bank is like snatching a piece of flesh from the jaws of a Lion. As some wise men said “Experience makes men wise & so as I”… After 3 traumatic experiences, i understood “How to play with psychology of bank staff” & i would like to share with all. Basically Lockers ... Read More
Avoid Shopping at Supermarkets or Hypermarkets
Retail revolution is taking place in Big Cities of India and everybody is gung ho about it…According to me it’s a step towards consumerism in India. Every time i visit any of Supermarket like Big Bazaar or HyperCity, I end up buying more and shop for almost double the amount then required…Every week i visit Supermarket with the list of items required & before entering the Supermarket i promise myself that i will not buy any item/product outside the list and i will purchase only required quantity. Once i finish shopping, i realize again i end up buying more..Its better to avoid Avoid ... Read More