Do they practice what they preach

This is a interesting discussion with some of the most respected Mutual Fund managers and we find that not all the Fund Managers practice what they preach .

Many of the Fund Managers , have not invested their own money in the funds that they them self manager . If such is the mindset , how would you expect the general public to invest their hard earned money in the Equity Markets

Interesting conversation , please do watch

Reduce fix cost overheads

Further to my earlier post , regarding keeping cost low . I would say , we would need to keep an eye on cost , not just during investing , but in other aspect of spending too,Take you mobile phone plan , if you are an employee of a MNC or rather of a well known Indian corporation , do make it a point to check with your HR for corporate Mobile Tariff plans . Not only will these corporate plans have lower monthly rentals ,but would also have very competitive call rates and also they will not have CLIP charges associated and also have a feature called CUG ( Closed User Group ) free calling , That is unlimited free calls between number on coporates plans of same company.

So if the service provider is OK , you can pick more then one connection or change plans of exisiting connection to the corporate plans , so that people who you frequently calls say spouse , parents , use the other connection , and you can end up with unlimited free calls at a fraction of the cost

Any recurring cost , be they Internet connections Plans, Magazine subscriptions,Cable TV subscription plans , there is always scope to optimise and cut on wasteful expense .

The bottomline is to keep recurring cost low , because , in long run benefits of optimising recurring cost would be phenomenal , as it could also help you get into a "optimise" mindset

Let us try to do the simple things first .

Shopping at the big retail stores

I do shop at these big retail stores for the range of convenience they provide . But there is something that i'am geting increasingly concerned . These big retails change your shopping habits , for one i see they never carry smaller SKUs or smaller packs of most stuff and you invariably end up buying the bigger pack ,though you wanted a smaller pack and so does it goes to the brand that you pick , these retailers do not carry all the brands so you end up buying brands that they carry instead of which you want .

Let me give you an example, I usually buy these mosquito repellent which are available in different pack , 30 day pack is what like to buy , and i find that big retailers are trying to move you to 45 days or 60 days pack , for retails it make sense as the same shelf space is trying to generate higher revenue for them, which is good for them , but not for the customers .

Watch out for this , next time you shop .

Image : FreeDigitalPhotos.net,Photographer: Pixomar