All the articles in the financial services industry are written by people who have a vested interest in either the advisory business or in the sales business. By ensuring that you have an adviser there is a good chance that you will be nicely domesticated and beaten to submission. This will ensure that you say […]
Let me start by quoting Lord Keynes. He said ‘Of course I change my stand. When I get new data, I change my mind – what do you do Gentlemen?’ After spending a few years in college, and then3 decades in dealing with wealth instruments, intermediaries, manufacturers, banks, trainers and most importantly customers there is […]
Actually I am not sure whether this is a post on retirement or financial education. Or like a friend says all my posts are on financial education…. The financial services industry uses terms like financial planning, life insurance planning, retirement planning…..but the common man has found out that all thes are sales pitches, right? So […]
The financial services industry is supposedly well regulated. What with Rbi, Sebi, Irda, …the alphabet soup in place, does it help the retail investor. Sorry, is it supposed to help the retail investor? These are the regulators, what happens with the so called ‘shareholders appointed auditor’? Let us take the case of mutual funds. Most […]
Doctors are the toughest to define professionals! You find doctors earning as little as Rs. 200,000 a year to doctors earning Rs. 200,000 a day. It may be some exaggeration, but it is not far away from the truth. However not all doctors are rich, handsome and managing their moneys well. Also contrary to public […]
Nirmal Jain of Indiainfoline is a sensible businessman who needs to and will do business in India. If you seriously look at his business model, it is the funding operations which is really making money. In the financial services industry, broking, mutual funds, life insurance – NOTHING is profitable. One HFC told me – we […]
Unfortunately in India most customers crib, then when they get a pat on the back from a high ranking official, they withdraw their complaint. I am yet to see a court order a full repayment for mis-sold policy and heavy damages suits. There is no fear of God in ANY company. If you do bring […]