Posts

The Shortest Finance Book Ever- Concluding part

Image
THE SHORTEST FINANCE BOOK- EVER ALL OF 87 WORDS CONCLUDING PART “Too many people spend the money they earn, to buy things they don’t need, to impress people they don’t like”- Dave Ramsey          First, my apologies for the long break in bringing out this second part. The delay was due to some inescapable reasons. Hereafter, the posts will be more frequent. I am happy to inform my readers that the first part of this post was very well received and a few of my friends and my brother gave some fantastic suggestions too. To begin with, one of my dear friend, Atul, forwarded this beautiful definition of success as given by Ralph Waldo Emerson: “To laugh often and much; to win the respect of intelligent people and the affection of children; to earn the appreciation of honest critics and endure the betrayal of false friends; to appreciate beauty; to find the beauty in others; to leave the world a bit better whether by a healthy child, a garden patch, or a redeemed social condition;
1 comment
Read more

MUSING 43 THE SHORTEST BOOK ON FINANCE - EVER: ALL OF 87 WORDS PART 1

Image
MUSING 43 THE SHORTEST BOOK ON FINANCE - EVER ALL OF 87 WORDS PART 1 Good morning and a happy Republic Day to all. We all have read a number of finance or investment related books. While writing my books, I must have read more than 50 of them, a shortlist of the recommended ones I will share in this post. Every book requires an investment of your time and money and may or may not give you the “bang for the buck”. In this post, I will introduce you to the shortest finance book ever written- all of 87 words. The book has been written by the famous cartoonist, Scott Adams, the creator of the iconic Dilbert comic strip. Some trivia before I lay out the book before you. Adams titled his book as, “Everything You Need to Know About Financial Planning” but when he went for publishing his book to the publishers, they declined, not because the contents of the book were not juicy enough but because it was too short to be published as a book. Be that as it may, Adams still cal
Post a Comment
Read more

Musing 42- My Second Baby is Born

Image
MUSING 42 MY SECOND BABY IS BORN It gives me immense pleasure to announce the publishing of my second book, “The Millionaire Mechanic”. It has been around 20 months since my first book, “Musings of a Financially Illiterate Father” got published which is already an Amazon Bestseller and has been in global top 20 for the last 4 months. I hope and pray that my second book also receives your love and patronage. In fact, the book has had a promising debut- breaking into top 100 in its genre of “Business and Finance” within first one week of being published. It is ranked # 93 as of yesterday. Of course, “Musings of a Financially Illiterate Father” continues its relentless successful march in top- 20. It was ranked # 16 on 04 Jan 2020. With “The Millionaire Mechanic”, I have attempted a new genre in Indian writing- a Financial Travelogue . The story narrates the road trip of two friends, HoneyCool and Anshreya (the protagonists of my first book) to Kutch. During the trip, the
3 comments
Read more

MUSING 41- BHARAT BOND ETF: WORTH YOUR INVESTMENT?

Image
MUSING 41 BHARAT BOND ETF: WORTH YOUR INVESTMENT? The New Fund Offer (NFO) of Bharat Central Public Sector Enterprises (CPSE) Bond ETF was launched a few days back by the Government. The intention of the government is to raise about Rs 10,000 crore through this ETF. The ETF is mandated to invest in the bonds issued by the CPSU, CPSE, Central Public Financial Institutions (CPFI) or other government organisations. We have seen the crisis in the debt market over the last 18 months or so which still continues unabated. Forget about the coupons, the investors are finding that even their principal protection is at risk. At this juncture, the launch of this bond ETF is an interesting phenomenon which the common investors like you and me should watch closely. This post is meant to provide you with necessary inputs pertaining to this ETF for you to make a considered investing decision. But before we do that a bit of update on my both the books. Musings of a Financially Illiterate
8 comments
Read more

MUSING 40- FINANCIAL LESSONS FROM SENSEX HISTORY: PART 2

Image
MUSING 40 FINANCIAL LESSONS FROM SENSEX HISTORY PART 2 Good morning friends. In the last post, we had discussed a few interesting facts and financial lessons from the 40 years old history of Sensex. This week we will track the entire journey of Sensex and draw out relevant investing/ financial lessons. But first, let us recount the three financial lessons from the last week’s blog post. Financial Lesson 1 . It is very difficult to bet on individual stocks and had we done so for the Sensex companies (the real blue- chip companies), in the last six months, there was a 50% chance of a loss/gain. Financial Lesson 2 . It is better to invest in broad market indices like Sensex or Nifty 50, at least 50% of your equity component, for steady and safe returns. Financial Lesson 3 . Though your equity investments will give good returns over the long term (Sensex has given nearly 17% returns since inception), but they will be full of volatility. This blog post in fact
5 comments
Read more