>> So advisors can do a good job here by looking into the situation in a more
>> detailed manner and not use templatized assessments. Unfortunately this is
>> not very scalable as a business, or I haven't found the right way, because
>> I've been looking at it closely.
As Doug Bader, WWII RAF A
On 6 October 2014 16:39, Shyam Sunder wrote:
> >> Good advisors too don't know what will happen, and tend to get into the
> herd mentality, the crowd, the loss aversion and all those little
> behavioural biases that screw up our investments.
>
> This is a bit like saying "good surgeons will leav
>> Good advisors too don't know what will happen, and tend to get into the herd
>> mentality, the crowd, the loss aversion and all those little behavioural
>> biases that screw up our investments.
This is a bit like saying "good surgeons will leave their scalpels in your
chest and stitch you
I'm late to this discussion :) Thanks Lahar for pointing out my post!
I've changed on one thing since that post. Index funds may not be the best
option in India - and this is due to:
- bad construction of indexes (we use a free float market cap weighted
index largely, like the Sensex or Nifty, whi
Jumping into this a bit late, but will try to avoid repititions
1) Open a PPF account in every member in the houses name. This is an
absolute must and try to put as much as possible there. The high tax
free return with compounding at zero risk is something that is
difficult to match
2) The fir
Having lost large amounts of money on assorted useless things, enterprises
and vices at different points what I can tell you is :
1) don't put your money into something you don't really understand. If
someone has to explain it to you as to why its good for you should put your
money into something
That's cool, Mahesh. Whatever works for you...
-Original Message-
From: silklist
[mailto:silklist-bounces+shyam.sunder=peakalpha@lists.hserus.net] On Behalf
Of Mahesh Murthy
Sent: 30 September 2014 15:19
To: silklist@lists.hserus.net
Subject: Re: [silk] Financial planning
O
On Tue, Sep 30, 2014 at 1:50 PM, Shyam Sunder
wrote:
> >> Regarding DIRECT mode, as lawyers say, anyone who argues his own case
> has a fool for a lawyer.
>
> >Wow. Such hubris. As though managing investments in stocks "should be
> something left to the professionals" :-) You must say this to Buf
;
>
>> As soon as topics switch back to craft beer on the west coast, I will
>> revert to radio silence.
>>
>> -Original Message-
>> From: silklist [mailto:silklist-bounces+shyam.sunder=
>> peakalpha@lists.hserus.net] On Behalf Of Lahar Appaiah
>&g
>>And the weighted average IRR (minus fees) over the period is? :-) Just
>>kidding, don't answer that.
It's off the charts :-)
On 30 Sep 2014 13:51, "Shyam Sunder" wrote:
> :-) Good one, Mahesh. At the risk of appearing immodest, what I meant by
a little knowledge was that we have been financial planners for the last
ten years, work with about 3000 customers of whom about a 1000 pay us an
annual fee for advice.
And the
>> Regarding DIRECT mode, as lawyers say, anyone who argues his own case has a
>> fool for a lawyer.
>Wow. Such hubris. As though managing investments in stocks "should be
>something left to the professionals" :-) You must say this to Buffet, Pabrai,
>Jhunjhunwala and others, just to get a reac
topic I seem to
> have acquired a little knowledge about. As soon as topics switch back to
> craft beer on the west coast, I will revert to radio silence.
>
> -Original Message-
> From: silklist
> [mailto:silklist-bounces+shyam.sunder=peakalpha@lists.hserus.net] On
vert to radio silence.
>
> -Original Message-
> From: silklist [mailto:silklist-bounces+shyam.sunder=
> peakalpha....@lists.hserus.net] On Behalf Of Lahar Appaiah
> Sent: 30 September 2014 11:50
> To: silklist@lists.hserus.net
> Subject: Re: [silk] Financial plan
lklist-bounces+shyam.sunder=peakalpha@lists.hserus.net] On Behalf
Of Lahar Appaiah
Sent: 30 September 2014 11:50
To: silklist@lists.hserus.net
Subject: Re: [silk] Financial planning
Our own Deepak Shenoy has Indianized this:
http://capitalmind.in/2013/02/9-point-financial-plan-indian-edi
On Tue, Sep 30, 2014 at 10:46 AM, skn wrote:
> > 4. If you do have a little left over, buy some US stocks - I prefer ones
> > like Google, Tesla, Twitter, which will do nothing but rise in the next
> > 10
> > years.
>
> Always been conflicted by buying of individual shares. My reservation
> comes
Our own Deepak Shenoy has Indianized this:
http://capitalmind.in/2013/02/9-point-financial-plan-indian-edition-and-comic-strips/
On Tue, Sep 30, 2014 at 11:12 AM, Aditya Kapil wrote:
> I think, pound-for-pound, Scott Adams's is the best 'averaged-out' advice:
>
>
> https://retirementplans.van
I think, pound-for-pound, Scott Adams's is the best 'averaged-out' advice:
https://retirementplans.vanguard.com/VGApp/pe/PubVgiNews?ArticleName=DilbertGuidetoPersonalFinance
Adit.
> 4. If you do have a little left over, buy some US stocks - I prefer ones
> like Google, Tesla, Twitter, which will do nothing but rise in the next
> 10
> years.
Always been conflicted by buying of individual shares. My reservation
comes from the fact that unless you are a _very_ savvy investor w
Some things I follow:
1. Real estate is not an investment - unless you can sell it, or unless the
annual rental yield for it is greater than 10% of the purchase price. The
truth is this, sure, the value of the property you buy to live in, say a 2
bhk can triple in 5 years time. But when it comes t
On Tue Sep 30 2014 at 1:41:56 PM skn wrote:
> I was wondering how my fellow Silkers (is that how we are collectively
> called?) have been (or have already) preparing for financial
> independence in the later years? What are the good financial principles
> to live by?
Here are mine:
- Inve
ssage-
From: silklist
[mailto:silklist-bounces+shyam.sunder=peakalpha@lists.hserus.net] On
Behalf Of skn
Sent: 30 September 2014 09:12
To: silklist@lists.hserus.net
Subject: [silk] Financial planning
Hi all,
All this talk about retirement and how closely coupled it is with financial
free
Some basics that I've followed:
1. That old cliche, save before you spend. Plan your investments, and make
sure the money for this goes out at the start of the month. Be a little
aggressive here, see if you can stretch yourself and invest more. Your
expenses tend to reflect what you have in liquid
On Tue, Sep 30, 2014 at 10:12 AM, Shyam Sunder
wrote:
> Because money in itself is worthless, it only delivers
> value when exchanged for something you care about.
Oh, I agree entirely. The context for my comment: I am proceeding from
the assumption that once you take a slightly longer term view
And do look up the paradox of thrift
--srs (iPad)
On 30-Sep-2014, at 10:12, Shyam Sunder wrote:
>>> The most basic financial principle of all: spend less than you earn.
>
> As oversimplifications go, this is a relatively harmless one. Given this
> follows closely on the discussion on retireme
> Some more high level rambling: I am generally sceptical about real
> estate as an investment vehicle.
> 1. Returns are notional unless you sell the real estate in question
> (this is true of all investments to some level, modulo annuities such as
> dividends)
> 2. Especially for salaried people
>>The most basic financial principle of all: spend less than you earn.
As oversimplifications go, this is a relatively harmless one. Given this
follows closely on the discussion on retirement, it is obvious why the brush
is broad here. One of my favourite quotations is "if you don't know where
you
On 30/09/14 30-Sep-2014;9:11 am, skn wrote:
> What are the good financial principles
> to live by? Some of the things I have been trying to get my head around
> are about property as an investment, (long term) investing in company
> shares vs. index funds vs. mutual funds, % income to save vs. how
Hi all,
All this talk about retirement and how closely coupled it is with
financial freedom got me thinking (more) about financial planning.
I was wondering how my fellow Silkers (is that how we are collectively
called?) have been (or have already) preparing for financial
independence in the late
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