Real estate broker: Your house is the best asset that you can expect to create in your life. You can expect it to appreciate well over the long run. What to do: Your home will not appreciate. It is not a wealth creating asset. It will not make you rich. Remember it is an important […]
Shariah Investments in my portfolio, no thanks! Benchmark Mutual fund announced a Shariah compliant fund recently. Of course many mutual funds (Reliance, UTI, to name 2) are all in the process of launching and managing a Shariah compliant fund. What is a Shariah compliant fund? And what does it do? Shariah, the religious law of […]
Advisor: Sir Please make this investment, it will get you great returns. Client: How much will it give? Advisor: Sir it will give at least 15% return over the next 5 years Client: That is not exciting. May I have something better… This is such a normal conversation, that I cannot even believe what is […]
One little boy was lost in the forest (he was the son of a sage) – his name was Ratnakara. A hunter found him and brought him up and he grew upto be a fine young man. He fulfilled his family needs by hunting and killing people – with an intention to steal. One day […]
The key to quality insurance is in choosing a good quality Agent. The word agent comes from the Indian Contract Act, 1872 and it is the Christian name for the guy who brings insurance / mutual fund product to your door step. Nowadays they have various names like Consultant, advisor, and the like, but I […]
I have a friend who has worked in a bank for many years – from a rookie sales person to almost the top job in sales and marketing. She has (to me surprisingly) acquired a lot of knowledge about banking, mutual fund and life insurance. Not knowing much of her background (she now works for […]
I know of a few mis-sellers in the financial services who excel in mis-selling. Let us call them A, B and C. A is so used to mis-selling that when a ‘friend’ wanted to buy a DVD player, he was convincing her to get a lap top. This in spite of the fact that he […]