When you go to a financial planner you have some expectations, do you not? Let us see what are the legitimate expectations that you can have: – he should be able to articulate your goals more clearly. When you say “I want the best education for my daughter” he should be able to translate that […]
An excellent profession / business to do now is the financial planning business. Of course some people call it a profession too. Why am I saying this? Simply because we are in the very early stages of the profession. It is like being in the banking business in the 1900s, in the mutual fund business […]
Adam Scott’s secret nine point formula is here and many people have said it deserves the Nobel prize. Ha simplicity is in. However all the people who want simplicity in THEORY actually LOVE to make their lives more COMPLEX. Given a choice between Idli and Aloo Parathan if you choose A.P, remember you are choosing […]
The regulatory environment is now looking good for a financial planner. However the business environment is not looking good at all. For a planner to run an office, pay rent, salaries, and other infra costs AND take enough money home to run his home too, the planning business is not lucrative enough. I also heard […]
Today all websites tell you that you are just not competent to manage your own money. This is followed by a corollary saying ‘therefore you NEED a financial planner’. Be that as it may, assuming you have a financial planner, what are the questions that you should be ASKING him….and then hope that he answers […]
Sorry to use SEC’s name for this article. I had to. It is too much based on a new questionnaire that they have put up on their site. However it is only a decent reproduction of the same, because a lot of my comments are inter woven into it. Well for starters, I have […]
One person came to me saying ‘This is a financial plan that my planner has done, is it good?’. The plan was elaborate – cash flows for 10 years into the future, what product for each goal, rate of return assumption, – all this was there. It ran into 59 pages and could be […]