Skin in the game is an interesting book written by Nassim Nicholas Taleb, as per the author the fund managers must bear a cost when they fail the public. A fund manager that gets a percentage on wins, but no penalty for losing is incentivized to gamble with his client’s funds. Bearing no downside for [...]
How to get rich without getting lucky. This is from Naval Ravikant tweetstorm. Naval Ravikant is an Indian-American entrepreneur and investor. He is the co-founder, chairman, and former CEO of AngelList. He has invested early-stage in over 200 companies this includes Uber and Twitter. Here are some of my personal favorite tweets from the thread [...]
Direct Mutual Funds as the name suggests are funds where there is no intermediary like an agent or your bank RM selling you the fund. You directly invest through the fund house or a few websites that offer to invest in Direct Mutual Funds. Mutual funds charge an expense ratio that is an annual fee [...]
Do you know any mutual fund which has given such a great return, no? Well, there is this small-cap mutual fund that has given this supernormal returns. Quant Small Cap Fund has given an amazing return of 169.8% in the last year. The benchmark S&P BSE 250 Smallcap TRI has appreciated 106.25% in the same [...]
The Richest Man in Babylon was written in 1926 but it still holds a lot of relevance! Almost everything that is written in this book will help you save good money and create enormous wealth. The book has a simple solution to create wealth and yet these solutions might look difficult to implement. I have [...]
Wishing you a very happy new year! 2020 has taught us several things – Life is short. Jobs are temporary. Health is the real wealth. And we should always save money. Importance of emergency fund! Did you always want to fix your finances? Here is an opportunity for you. I have noted down 30 important [...]
Do you know how powerful compound interest is? Here are a few quotes that will help explain to you how powerful compound interest is. Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it. – Albert Einstein The strongest force in the universe [...]
Hello, guys its been a very long time since I have written here. I intend to write at least once a week. You can expect the articles every Sunday from now onwards. Let’s get back to the topic. So people find it difficult to digest and follow simple money advice. How many of you have [...]
A mutual fund is a type of professionally managed collective investment scheme that pools money from many investors to purchase securities. Oh, I almost forgot to ask “did you read my previous post on the best investment options available in India?” If not, I highly recommend you check that out first. Let’s continue…. These investors [...]
I did a google search “meaning of investment” and this is the meaning as per the Dictionary – “the action or process of investing money for profit.” The word profit is the key-word here. All investment process is done to make a profit. Investments carry a substantial amount of known and unknown risk and on [...]