April 2009 - Posts - Simple Equation

April 2009 - Posts

Did you buy Gold this Akshaya Tritiya?

Posted by Harish Rao at 
Today - April 27 - is Akshaya Tritiya and the bank I went to this morning was decked up real nice. The branch staff sported an ethnic look and only gold was on their mind. I believe sales were going on nicely and I was the only sour puss in their scheme of things. Every Akshaya Tritiya, I get the feeling that all the gold mined on earth has just one...

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Mental Accounting

Posted by Harish Rao at 
Ever wondered why is it that when we go on a holiday, we tend to splurge on things we by and large would not have indulged in at home. For instance, spending an equivalent of Rs. 600 on a taxi ride in Singapore or Rs. 2000/- for entry into an amusement park overseas, when normally we would have thought twice about such expenses at home. Or for that...

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Sandwich Generation

Posted by Harish Rao at 
Taking care of your aged parents and having kids of your own to look after? Welcome to the Sandwich Generation. While Indians have always been part of this generational Sandwich, it is grabbing headlines across the US, as an estimated 10 million children of the original Baby Boomers are becoming part of the Sandwich. There is much debate on whether...

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Imaginary Inflation @ 0.31%

Posted by Harish Rao at 
Inflation is taxation without legislation - Milton Friedman Indian Inflation (WPI) resides at a magical 0.31%. This is the most make-believe number floating in the economy today. Tragic, considering that serious decisions - interest rates for instance - emanate from these figures. During the course of financial planning presentations, I often insert...

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