FAUJI FINANCE

A reader of the blog, Bhogal suggested that I include a list of books to read. It was a wonderful suggestion. Many a times we leap into the deep end of the swimming pool called share market  through the tips tom tommed on TV channels, magazines and the pink papers. A better way would be to equip ourselves with the tools, I mean learn swimming before we jump into the ‘share market’ pool.   Continue reading →

As a child, I had often heard that money does not grow on trees. One had to work hard for it. There was never a free lunch in life etcetera, etcetera. Then one got caught up in a career, a family, kids, savings and one fine day one realized that money may not grow on trees but it actually grows as a tree would. Caveat, one needed to have the patience to see the tree of money grow from a sapling to a fruit bearing stage. And then lo behold, you may just find it growing on that tree. Continue reading →

In my last post I had talked of Need vs Greed. I shall this time, write about the primordial basic instinct of flight vs fight. In times of financial crises, the common investor also has a similar dilemma. Unfortunately 95% of the so-called-investors, flee the markets when any bubble bursts. Take the sub-prime crisis which had its fall out on stock markets , the world over. The sensex came down a cliff from a high of 21000 to 8500 levels and Nifty had rolled down from 6100  to 2000 levels. How many of us bought stocks during those months of 2008-2009? Very few. Those of us who fought the markets and stayed put or invested, came out victors. Stocks like JSW Steel, Tata Steel to name a few were available at Rs 170/-. The business was still intact. It was still making profits. They were not lending money to house owners and except for being part of the global economy, they had no other connection. Continue reading →