The best of everything!

The best investment – Self development; invest in yourself!

The best life insurance – A life well lived; live in the moment!

The best health insurance – A healthy and fit lifestyle; form healthy habits!

The most valuable assets – The people who love you; cherish them!

The biggest profits – Respect and trust in the hearts of those who know you; earn them!

May you achieve all of the above in Vikram Samvat 2074!

Wish you a Happy Diwali and a Prosperous New Year!

Diwali Samvat 2074

7 .5 personal finance lessons on Amitabh Bachchan’s 75th birthday!


7 ½ lessons in personal finance from the superstar of the millennium

On 11th October 2017 is the 75th birthday of Superstar Amitabh Bachchan. On this day, we pay a tribute to the biggest entertainer and superstar of the screens – he started with films and is making waves on television through his popular show Kaun Banega Crorepati.

On his 75th birthday, we pay tributes to Mr. Bachchan by taking some clues from his many roles on screen. Here is a list of 7.5 lessons, one each for every decade of his life.

Lessons from his famous dialogues

  1. DeewarMain aaj bhi phenke hue paise nahin uthata

Earn money with respect. Even when Amitabh’s role was played by a child artist, he tells Iftikhar Ahmed, “Mein pheke hue paise nahin uthata, saab.” Later, Amitabh Bachchan reminds him of the incident and repeats the same lines.

Whether he had money or not, he never picked up money that was thrown at him. He respected money and he expected the others to respect labour of anyone. Money must be earned in a respected way, and not otherwise.

  1. KaaliaHum jahan khade hotey hain, line wahin se shuru hoti hai

In a famous scene in the movie Kaalia, Amitabh Bachchan speaks these lines in a jail. Every time I have watched this movie in theatres, the audience goes wild when he says this. Now, let us understand very clearly. He is Amitabh Bachchan. He has the right to utter these lines. He is the superstar. How many of us can claim to be even good at investing? None. So we tweak this above dialogue and say “Jahan line hoti hai, hum wahan khade ho jaate hain.” So many investors queue up to buy (or sell) something only because all the others are doing it. We call it herd mentality. This is seen across centuries, across countries and across investment options – we have seen it happening in equity shares, IPOs, real estate, gold, and currently Bitcoins.

Standing is queue may be good in certain situations – man is a social animal, after all. However, in financial markets, those in queue may end up buying costly or selling cheap.

Learn about an investment and take independent decisions. If you cannot, take the help of wise experts.

  1. Satte pe Satta

Ek dost ki party mein gaya tha, wahan jabardasti chaar baatli pila diya

Many of us remember this scene for what follows next in the dialogue – “Daaru peeney se liver kharab hota hai”, but we are focusing on the above line for a specific reason.

There are so many instances when the investor says that someone came and sold a product. Well, that may be true, but it is exactly like saying what Amitabh said in the lines mentioned above. While someone may come and offer any product or service, it is our duty to always remember “Caveat Emptor” or “Buyer Beware”. Ask questions till you do not understand the pitch. There is no hurry.

  1. Trishul

Aaj aap ke paas aap ki saari daulat sahi, sab kuch sahi, lekin maine aap se jyaada garib aaj tak nahin dekha. Good-bye, Mr. R. K. Gupta.

Trishul was an epic battle between a father and the son of his discarded lover. After Sanjeev Kumar strains his relationship with his family and is left alone at his luxurious house, with all his wealth, Amitabh utters the above words.

Wealth is nothing if the family is not with one. After all, what do we earn the wealth for, if that does not make us happy and fulfilled in life?

  1. Laawaris

Apun woh kutte ki dum hai, jo baara baras nalli ke andar daal ke, nalli tedi hoti, apun seedha nahin hota!

This is superb depiction of human nature. Our experiences have shaped the way we take decisions. It is not just one lifetime, but the cumulative experiences accumulated since the birth of the first humans that we have learnt how various things work and those lessons influence our decisions and actions.

Many of those actions, and biases are reflected in the way we deal with money – sometimes such biases protect us and on other occasions, put us into troubles. Very often, it is our limited abilities that we do not know which lessons to apply when.

Lessons from the movies

  1. Chupke Chupke

Dr. Parimal Tripathi, played Amitabh Bachchan was asked to pretend to be Dr. Sukumar Sinha in the movie. However, when he went in front of Vasudha, played by Jaya Bachchan, he fell in love and was in two minds: whether to play the role of Sukumar Sinha or that of Parimal Tripathi – his original self in the movie. This confusion lands him into trouble.

In the world of money, a large number of people are confused of their own role – whether they are investors or speculators. While they try to be investors in the beginning, the moment they see Vasudha – be it financial news; or any hot tip; or simply their own emotions of greed, hope or fear – they forget that they are supposed to be investors and start acting like speculators. This gets them into trouble.

  1. Baghbaan

The whole movie is around an old couple that spent their life and their life’s savings on their kids, only to find in their golden years that the kids were not in a position to help them at all.

Many parents have assigned a lower priority to their own retirement years and spent every bit of saving on education and marriage of their kids. The lesson in the movie is very powerful. You are on your own in your retirement years. Please plan properly.

And now the message # 7 ½:

It is a half message as it is taken from the small screen. This lesson is from the popular game show – Kaun Banega Crorepati.

As you know, the time allotted for each question is 45 seconds in the beginning. Once you cross the first “padaav”, the time available for each question goes up to 60 seconds. On crossing the second “padaav”, there is no time limit and in the words of Mr. Bachchan, “kaantaben shaant ho jayegi”. This is the real meaning of wealth – the significance of wealth in life. As you get wealthy, you should have more time available. If wealth is not releasing your time, you are living a life of bartering life for money – a really bad deal.

There are many more lessons that we can learn from Mr. Bachchan’s life on screen as well as his real life.

In the end, let us remember another great movie, where he played a second lead. “Anand” in the movie “Anand” tells Dr. Bhaskar, Amitabh Bachchan, “Babu Moshay, zindagi badi honi chahiye, lambi nahin.” We wish Mr. Bachchan a “badi” and “lambi” zindagi. Thank you Sir. We wish you many more years of happy, healthy and wealthy life.


This post was written by Mr. Amit Trivedi and first appeared on his blog on 11th October, 2017. It is reproduced here with his kind permission. You can find the original post here:

Mr. Trivedi is a leading mutual fund investment trainer in India and author of the book “Riding The Roller Coaster: Lessons from financial market cycles we repeatedly forget”.

Image courtesy:

Can a 5 year old be taught how insurance works?

I was recently asked by someone to explain the concept of insurance and the working of an insurance company in a way that even a five year old kid can understand it. Like any other professional, I’m prone to the usage of jargon – filled language that even adults may find intimidating at times. So this was an interesting challenge. I thought back to my own childhood and here’s what I came up with:

So you’re a five year old who loves to play with marbles.

But sometimes you lose them or some other kid steals them or your mother confiscates them because you didn’t complete your homework. Your friends and other kids also face the same problems. The tough life of a 5 year old – the adults have no idea!

So here comes Bima uncle and offers a solution. He asks all your friends and yourself to give him 1 marble a month. In return, when you or your one of your friends lose your marbles due to any reason, he will provide 100 marbles to that kid and life is good again!

Now he’s collecting one marble per month from a hundred kids every month. So in a year, he gets one thousand two hundred marbles (1 marble*12 months*100 kids).

However, on an average, eleven of those kids lose their marbles every year. So he has to give away one thousand one hundred marbles (11 kids*100 marbles). So now he’s left with a hundred marbles (1200 collected-1100 given away) by the end of the year. That is his profit and the reason for providing this service.

And that’s how Bima uncle (insurance company)runs his business and helps the kids (his customers) live a happier life. 🙂

Image credits: Rules of Kanchey – HVR Sports, Super Sad Emoticon, Happy Smiley Face,… 

Tu Chor, Main Sipahi!


I was recently reminded of this 1996 movie(the title, not the story). Starring in the movie were Akshay Kumar(Sipahi) and Saif Ali Khan(Chor). What was the reason for suddenly remembering such an old movie? No, not being a fan of Akshay Kumar (although I am one). It was looking at the cat and mouse game being played between the illegal (black) money hoarders(Chor) and the Narendra Modi led Government(Sipahi).

The hoarders have played every trick in the book and the government is quickly reacting each of them, in an effort to plug all the holes.

A short summary of what has happened over the last few days:

Chor: Buy gold with cash.

Sipahi: IT raids on Jewellers

Chor: Buy $(Foregn Exchange) with cash.

Sipahi: IT raids on Hawala Dealers

Chor: Buy Appliances/Mobile Phones with cash.

Sipahi: IT scrutiny on all back dated purchases

Chor: Buy Railways Tickets with cash and then cancel and claim refund

Sipahi: All cancellations above Rs.50,000 to be directly deposited in bank accounts

Chor: Buy Airline Tickets with cash and then cancel and claim refund

Sipahi: Only non-refundable airline tickets can be purchased with cash

Chor: Rent out Jan Dhan accounts.

Sipahi: Cash deposit limited to Rs.50,000 in Jan Dhan accounts.

Chor: Pay people money to stand in line and exchange cash.

Sipahi: Indelible ink to mark people withdrawing cash

And the game continues..Picture abhi baaki hai.. So keep watching!

Important: When depositing your OHD cash in Bank / Post office


Many of us will be going to our bank branches/post office to exchange/deposit the recently demonetised old high denomination (OHD) notes i.e. the old notes of Rs.500 and Rs.1000.

While depositing Rs.500 or Rs.1000 notes in the bank or post office, you may be asked to provide your ID proof and PAN photocopies.

When providing such copies, do ensure that you attest the same to prevent their misuse. Otherwise, there is a risk of your document’s copies being used for several transactions of different people’s deposits. This can potentially create unwarranted and unnecessary complications for you. A simple attestation can prevent this from happening.

How to attest?

Here’s a template:


“Self-attested photocopy provided on (date) to (bank name and branch) for deposit of Rs.(amount) via (number of notes) notes of Rs.500 and (number of notes) notes of Rs.1000″.

This exercise will take just 2 minutes of your time but prevent any possible misuse of your documents.

Better safe than sorry!

India became independent! Can we?


India is a thriving, vibrant, democratic nation as it enters its 70th year of Independence. As we celebrate our freedom, it makes me wonder…

Will we be physically, mentally, financially and spiritually free when we enter our seventies?

India’s independence did not come for free. Our ancestors had to fight and win against British oppression to gain freedom.

Now we have to fight deteriorating fitness, mental reliance on machines, inflation combined with unproductive investments and constant materialistic stimuli that threaten to make us weak, insecure and dependent.

So on this 15th August, let us resolve to ensure our lifelong independence through:

  • Regular Physical Exercise/Sports
  • Regular Mental Exercise/Learning
  • Planned & Productive Finances
  • Dedicated, distraction free time for (inner) self

Wish you a Happy Independence Day and a worry free life!

Dark Clouds are Lining the Sky


Dark Clouds are lining the sky,
panic sellers don’t know the reason why!

Some say China is in a mess,
but difficult to say how bad is the case.
They also fear that the Fed may hike
because of which FII selling will spike.

Back home there is no dearth of bad news,
all sorts of ‘market experts’ are shouting their views.

With such gloom its is easy to get sold,
beware before your investments catch a cold!
Don’t panic and sell your gold (good stocks/Equity funds).
In fact, its time to be rational and bold!

The market is a funny animal,
alternately called a bull or a bear.
I would call it an Investment Carnival
that is a also a ‘wealth making’ friend dear

Amid all such noise,
what you need is a saner voice.

This crash is not the first,
nor will it be the last!
Human emotions of greed and fear
are as old as the time when man hunted deer!

The markets have survived two world wars!
They have taken thousands of wounds and scars!
Yet they have bounced back time and again,
rewarding investors who have bought in the bargain

So do not worry whether the markets will vanish,
just pick companies/funds that you think will flourish!
The markets will move, don’t try to time.
Every time they fall, just put in a dime.

This is an easy and time tested tool,
Wonder why they don’t teach this in school?
While we try to fit the text book theories,
the market would have climbed the wall of worries.

History tells us that humans will prosper and companies will do well.
Markets will rise, taking up with them, the stocks which once fell.
However it will take time, difficult times will make you queasy
But who said making money, was ever easy!”

This poem found it’s way to me across the not so dark clouds of social media (WhatsApp and Facebook). So I don’t know who the poet is but 3 cheers for his/her creation!


So will you do? Buy /Sell/Hold? Use the comment box to share your views..