I met a well to do Financial Advisor, or rather should I say almost Ex-Financial advisor. He is in the business of mutual fund distribution, given up life insurance and general insurance distribution, does not entertain clients any more for direct equity, and does financial hand-holding for SMEs. He tried his hand at fee based […]
Many people have asked for a follow up on the 15L CTC story…. 1. A planner should plan, not pass value judgement on how the client should behave. 2. To me a guy attending to all temple functions and blowing money traveling to all the temples in India is just as stupid as the guy […]
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 […]
Most stories going around in the world are only about dishonest, misselling, cheating agents..do any of you have any idea about a few honest agents? The agency business is funny. Managers get people who are reasonably good in sales, but not too knowledgeable about the product, and make them agents.. here is a story: “I […]
One friend (lets call him A) came to me complaining about another friend saying ‘D has not returned my loan of Rs. 44,000’. He perhaps wanted a shoulder – and my readers know ‘I hate tears’ (LOL: Amar Prem, Rajesh Khanna!). So I turned and said ‘Why did D choose you to borrow from?’ A […]
Whenever people ask me ‘I have made this investment (life insurance policy, mutual fund, equity shares, house -does not matter) – should I keep it or should I sell it? Immediately they tell me the cost….paid Rs. 6L premium for 4 years, bought this house for 73 lakhs, …and now the value of the portfolio […]
C: Subra I just have an exciting plan from BDE life insurance company….! Subra: Say you do not need it. C: How can you be so rude, you have not even heard about the product.. Subra: Say you do not need it. C: arre baba, sun na..product ke bare me…(I guess he concluded I could […]