Your story on young investors (Richer than Dad, 6 March) was an eye-opener. It busted the myth that youngsters who earn very high salaries are irresponsible with money. The survey results were also an interesting read.
—Satvendra Tripathi, Lucknow
The investment intelligence of youngsters is little known. However, as the story and the survey revealed, today’s generation is not blindly blowing up it’s runaway salaries. Instead, by investing early they have taken a jump-start in the process of wealth creation.
I have some suggestions for improving your magazine. Just like the column on tax queries, please consider introducing separate sections for questions regarding mutual funds, insurance and banking. Also, readers will be greatly benefited if once a month you publish the NAV of all major mutual fund schemes for ready reference.
—Sandeep Kumar, Amritsar
We try to address common investor questions regarding all aspects of personal finance in the Query Corner section. However, if the number and variety of problems increase, we will certainly consider starting separate sections for these questions. It does not seem necessary to publish a list of mutual fund NAVs when the latest data is available on many personal finance websites such as valueresearchonline. com.
Congratulations on an excellent issue on tax planning (Smart Ways to Manage Your Tax, 7 February).You should also consider doing such a comprehensive story on the personal finance issues of non-resident Indians (NRIs), especially those who are returning to India. I have some specific questions on this subject and would appreciate it if you helped me.
—Siba Ram Sahu, e-mail
We will certainly explore this subject. The answers to your questions will be soon sent to you via e-mail.
In your MT Basics section on reading annual reports (Scanning the Financial Results, 21 February), the earning per share (EPS) calculation is wrong. Usually EPS is calculated by dividing the profit after tax by the number of shares.
—S Sambasivan, Chennai
Thank you for pointing out the error. The quick tip we intended to give was that the current stock price from the newspapers should be divided by EPS given in the company report to arrive at the stock’s PE ratio.
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