In November 2013, we made a case for investing in the 20-year tax free bonds of Housing and Urban Development Corporation ("HUDCO") which paid a tax free interest of 9.01% to retail investors. Just to recap, our reasons for recommending the same included the following: Tax-free rate of 9.01% was much better than the after-tax … Continue reading How we earned 16.50% p.a. in a fixed income investment
Why you should never lose (a lot of) money
Very early in my investing career, I came across a link on a website which read: "Want to know Warren Buffett's rules of investing? Click Here" I clicked and this is what I got: Rule No. 1: Never lose money; and Rule No. 2: Never forget Rule No. 1 Needless to say, I felt disappointed. … Continue reading Why you should never lose (a lot of) money
Why you should think beyond fixed deposits
This is a story of two friends – Katrina and Deepika. Both of them got married in the year 1980. Katrina comes from a conservative family whose members mostly "invest" their hard-earned money in a bank fixed deposit. The reason was simple – fixed deposits are “safe”. There is no fluctuation and you consistently earn interest … Continue reading Why you should think beyond fixed deposits