@SEBI_India, Are you listening?

This is a reproduction of an email I sent out this morning to the venerable Securities and Exchange Board of India (SEBI) attempting an explanation of why I think they are barking up the wrong tree – dangerously – when it comes to imparting (much-needed)...

The Hitchhiker’s Guide to the Bloodbath

Bloodbath. Nosedive. Crash. The terror terminology has been unremitting and dramatic over the last few days. Constant reminders wherever you turn about how much doom and gloom there is all around the globe. And how the markets are in a blue funk. A global pandemic....

Tax Free Bonds — Should you?

As I write this, one tax free bond issue has just closed — oversubscribed 10 times — and another one is scheduled to open in a week. As you read this, others may have opened (and closed) or been announced. The government has plans (and authority from Parliament) to...

Equity Investing: Direct or Mutual?

A recent email from a reader asking which company’s shares he should invest in has prompted this primer on equity investing. It was a reasonable enquiry and one which a lot of advisors would doubtless be happy to opine on. However, we are not a lot of advisors and our...

Debt in the time of MoJa

(At the outset, apologies for all the acronyms in this article but they’re so much simpler to keep typing than their long-winded full forms.)  What happened? The recent Budget 2014 in the space of a few words wrought much havoc in the arena of investing in debt...

Equity is for Everyone

There is sometimes a tendency to think that investing in equity is only for youngsters. After all, when you’re young, you have income from your employment (so it’s no problem if your young portfolio doesn’t provide you any income); your investing horizon is far away,...

Liquid schemes keep your head above water

Liquidity – how easily available is your money – is an important factor that is often overlooked in the rush to maximise returns. Typically, the more liquid you want to keep your money, the less it’s going to earn you. The most liquid option is to tuck it...

FMPs – For Most People

We’re looking at Stage 3 investor options – when you need to live off the returns from your investment corpus. Paramount imperatives are Safety, Return, Predictability and Tax-effectiveness; and then there’s a nice-to-have Liquidity consideration. A...

Fixed Deposits – Why, Why Not

A Stage 3 investor – one who needs income from her portfolio – needs to meet the three primary criteria of safeguarding capital, providing a predictable income flow and being tax-efficient, together with the added advantage of providing liquidity in an...

Investing for Stage 3

Over the next few articles, letls look at the needs of a specific type of investor – a Stage 3 one. The 3 stages of investing In an individual’s investing life cycle there are said to be 3 stages: Stage 1 is when you’re making investing a habit – arguably...