There have been some emails and questions that people ask. Since many people ask me similar or same questions, I thought a post would be appropriate: 1. Why do you not do a review of the personal finance programs that appear on television? Answer: Am incompetent to do so. I have no clue what is […]
This is what every channel, magazine, website wants to carry for ‘Easy simple steps to get rich’: Set a goal, quantify your goals, decide on the amount of money for each goal that you can set aside, choose good mutual funds, and hey presto in 5 years you would have achieved your goals….and other goals […]
On 3rd May, 2010 IRDA came out with an amended ULIP regulation…or whatever it is called. There is nothing special except that the reports in the media suggest that it is something new. Well the things are: No partial withdrawal from a pension plan – this will make the pension plan even more tax inefficient. […]
Germany decided to bail out Greece – or rather joined the bandwagon of ‘Greece bailout helpers’. In its heart perhaps the Germans know (knew) that this is not a great deal after all. Of course the market had to tell the German government what it thought. So the market started selling Government bonds. The Government […]
If you have seen all the news items about ULIPs, other life insurance products, etc. you might have suddenly thought that life insurance business is not profitable. Banish that thought. It is very profitable – why do you think all foreign players are trying to get in? So here is the reason: Cost effective distribution […]
Amazing how many people die because they did not wear a helmet! Recently saw a news item in The Hindu. A 33 year old died falling in a ditch – work was going on, hit his head against the cable. Leaves behind a 6 year old. He was driving a bike – 15 years experience. […]
Continuing my dialogue series… Journo: Subra do you not think the life insurance guys get pampered? Subra: Why do you say so? Journo: 40% of the contribution as a commission is too much, do you not think so? Subra: What about products with 122% commission? http://www.subramoney.com/book-written-by-me/ J: Not possible in the financial service industry…..at least […]