this was written in 2007-8 and appeared in an abridged form in moneycontrol …. Hello, Congrats on the nice job you have got! With a degree from an Ivy League school this was a nice job to land. I know you have majored in Finance and are hoping to make money by the tons. […]
A tells B – if I have 2 houses, i will give you one. If I have 2 cars, I will give you one. However if I have 2 shirts, I will not give you one. So B asks him – ‘Why are you saying that?’ A says ‘Because that is what I ACTUALLY HAVE’….. […]
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 […]
Very few people even think they need financial advise. The usual reasons why people think (or they tell me) are as follows: 1. I do not earn enough to seek the services of an advisor: Well, well anybody and everybody thinks that their income is just too small for them to seek the services of […]
So Sushil Kumar has just won himself Rs. 5 crores – and obviously the first question topmost in his mind should be: How should I invest this huge amount? Well let us assume that he gets Rs. 3.5 crores after all taxes are deducted. The following steps are very important: 1. Invest the whole amount […]
Mr. Sushil Kumar has just won Rs. 5 crores (R -s. 50 Million) on the KBC – Kaun Banega Crorepati! (for those who do not know, this is the Indian version of Who wants to be a Millionaire). Let us see how it can help Mr. Sushil Kumar in his life. He is currently a […]
For all those who have been reading about how badly the mutual fund industry, life insurance industry and the banking industry are suffering….please look at the results of all the banks! – Icici bank was more profitable because of the Rs. 350 crores from the life insurance arm – Hdfc mutual fund is the biggest […]