When you get advice from somebody you are hardly in a position to tell whether it is in YOUR interest, right? Well, here are some tips! When you go to any professional these days they make their advice sound very ‘professional’ sounding. So what are the signals that you should look for? 1. You go […]
Though it may be anecdotal, there are some HR people who cannot reconcile their own salary from a CTC to take home! Why does this happen? Simply because the CTC is a concept which can include many things, not just the Income tax! For example if in a bank you are entitled to a Rs. […]
I know a few HNI investors. One thing common to all HNI investors is that they do not like to be classified as a “HNI”. This is good for the adviser too, because no 2 HNIs are alike. Some HNIs are well assured of themselves, satisfied with how their life is going and understand their […]
If you are an investment adviser do you ask your clients the following questions. Conversely, if you are a client does your financial adviser have the guts to ask you the following questions? These questions would show how deep your relationship is… 1. When it comes to money what concerns you? And why? 2. Do […]
When I do advisory for customers building their own wealth – it is not my ‘knowledge’ which is helping them. It is my experience. Not too much talent, luck or knowledge is required to pick a good equity fund or a low cost debt fund. Even lesser skill is required to fill up the form. […]
Recently attended many weddings, and so I started wondering how would these kids be talking to each other about money? What happens if the guys blows all the money and the girl saves everything? What happens if the girl needs to buy a new dress every month and the guy is happy to wear the […]
Many people have asked me this question: Should we invest direct or through an advisor? Like every economist or a CA I will also start by saying – ‘there is no yes or no’ kind of an answer. It depends on the following: – were you investing in 1999, 2000, 2008, 2010…..? then you […]