http://www.subramoney.com/2011/09/my-lessons-in-equity/ Please read the above-mentioned post. As well as the comments, and I will give u an update. Now an update on this post. Mr. R is known to me and I called him a few days ago. This was because I was taking a trading position in Hindalco – at about Rs. 92. I […]
As a financial planner I do spend a lot of time with 16 year olds working in call centers, media companies, banks and so on. When I am with them and discussing their problems, the one question that often comes to my mind is, “If these guys cannot make their monthly salary stretch one […]
See if you are doing these things or at least some of these things to destroy your financial health….. 1. Postpone starting to save / invest: Forget that there is a tomorrow. Let us look at the reasons that people use: a) I am too young to save / invest b) I am too old […]
In most companies the people at the HO hate the guys who go out and sell. Make no mistake most companies hate the sales guys – employees, agents – are just nomenclatures. By any name they are hated. The company – I mean the ‘HO’ people LOVE the cheques they bring, but hate the sales […]
The current generation is earning very well – remember most of what people considered as ‘luxuries’ in the 1960s, 1970s, etc. are today considered as a necessity. Also if you consider that in the 1970s when salaries were much lower, and taxation were much, much higher white goods were about 2-3 MONTHS income even for […]
What should one look for in an advisor-distributor or what the Americans call broker-dealer? Well let us look at what one should be careful if a distributor is a person whom you do not know? 1. Do some kind of a back ground check if he approaches you. 2. If he has been recommended by […]
‘Life insurance is a solicitation business…..’ well no comments! Now Hari Narayan wants the agency channel to close down and only the bancassurance business to survive. Completely from my portfolio point of view, I am very happy. Banks are in a great position to know what you do with your money – and they have […]