Posted by Sundar, Guest Blogger @ MoneyCare Solutions Now before exploring this, first let us first understand what a Giffen good is. “A Giffen good is a product or service for which demand rises with price. In other words, if you hold everything else constant, but the good gets more expensive, the quantity consumed [...]
Read more“Have you ever observed an Indian currency note closely? It reads “I promise to pay the bearer the sum of Rs…” and is signed by the Reserve bank governor. Any idea of how he will pay the amount he has so promised? We had recently posted this question on our Facebook page and received a [...]
Read moreThey come in all shapes and sizes: Financial advisor, consultant, planner, relationship / wealth / portfolio manager etc. Financial consumers seem to be totally at sea on how to spot a good advisor? What qualities make a good advisor, what to expect from them and how to judge him? Well, there cannot be any one [...]
Read moreDo You Know# 5 : Small change is going to vanish soon! From 1-7-2011, coins up to 25 paise denomination are being withdrawn from circulation as legal tender by the RBI. Don’t ask me where they are found even now?! Because it’s been ages since we got to pay with those cute, lovely and aluminium [...]
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