It was about 10 years ago that I suggested an asset replacement fund for a friend. He and his wife were just starting life and wanted to save/ invest in a scheme which would gather enough money to buy assets. Assets in this case were actually expenses (but we cheat ourselves by calling them assets). […]
A few reader queries and their answers: 1) Do you think pension policies from insurance companies make up for a good investment for availing pension? Why or why not? Answer: No. They do not. First of all thanks to some Quixotic regulations no life insurance company is selling a pension plan, so this question […]
The most important person in the life insurance business TODAY is the ‘policy retention manager’. In every industry the MOST IMPORTANT PERSON keeps changing from time to time. Now is the time of the person who does the cleaning up after the ELEPHANT has done the big job! Over the past 10 years life insurance […]
So many people tell me (OMG and I politely nod) …here is what I wish to tell them: Subra, I made money…. a. buy getting ESOPs in my company b. buy buying a house for Rs. 30 lakhs, now it is worth Rs. 90 lakhs and only Rs. 12 lakhs of the loan is to […]
Every day I get mails, calls …or friends who say ‘a friend got this offer…’ Most of the deals on offer look and feel like a rip off. Sometimes a complete rip off. Let us look at some of them! ‘Sir you know ULIPs are bad and expensive, so our company has decided to […]
Does every business have to be profitable? To the common man, yes! Not true, not true, not true at all! Many people do businesses to: – keep themselves busy – to show to the world that they are doing a big business – hoping to make money 10 years, 20 years or 30 years later! […]
Two mutual fund agents had similar stories to tell. Am not sure whether other IFAs too have a similar story to tell, but here it is.. I F A grievances: 1. Clients are short term pleasure seekers: both the IFAs have been in the business for more than 10 years and have upwards of 500 […]