Now that a slew of new life insurance companies are planning an IPO I am being asked to write on the following topics (for a fee of course): How ULIPs are now better than mutual funds How life insurance commissions are lower than mutual funds How ULIPs can be cheaper than mutual funds How the […]
Some of the myths..that we told you and ..well…lets see what they are: Your interest and your broker’s interests are aligned: Sorry. This used to be true when we were a few individuals who knew the customers, spoke to them, planned for them etc. Today your broker employs ‘relationship managers’ who have revenue targets, and […]
Head held high, eyes on the stars, nose to the grind, ear to the ground, money where the mouth is, tongue tied, chest out, feet on the ground, have you tried doing all this simultaneously? Really tough…stop listening to the experts! It is a whole long list of lies that I can enumerate (some American, […]
How do you know whether a financial salesman is lying to you? Ask them for their own portfolio !! I find the following situations odd…when professionals say something and do something else….! Here are a few examples known to me: A trainer in a life insurance company who trained sales people for selling ULIPS – […]
What lies do we tell ourselves about our retirement plans? I have a pension by my employer: even assuming that you have a nice indexed pension from the government, be ready for the indexing vanishing in a few year’s time. Once the burden becomes too big the bureaucrats will find a way of reducing the […]
There are many lies that we tell ourselves and our spouses (I have checked our investments, they are doing well). Some of them we know are lies and some of them are so ingrained that we do not know them as lies. So if you are a debt investor, you have some clue on what […]
I know that the average age of the people reading this blog is about 35..but here is a post that even 24 year olds should read. The lies our generation has told you (and you continue to believe) for you to take up the job with us is awesome!! We make you believe that honesty […]