The mutual fund industry is cribbing about there being no investments. Of course there are no investments. The industry has spent all its time pampering, requesting, cajoling the distributor. They have no direct communication with the investor. Do the fund houses need the distributor? Yes. What a tight situation, is it not? Has any fund […]
Even though this is not the tax season, I do get a lot of questions related to ELSS. Let me enumerate them: 1. Should I invest in ELSS? 2. Is there a lock in? When does the lock in start and when does it end? 3. What rate of interest will I get (yes, still […]
Last week I spent some time with a friend evaluating his portfolio. Like many of my friends he had started his SIPs about 10-12 years ago and had done well in his investing, simply by being disciplined, not arguing too much and letting the compounding go on! However, his wife did not know too much […]
this is reposted because i have written a sequel to this…and that will appear in a couple of days… When a young enthusiastic kid (she reads the blog and finds it embarrassing if her name is used!) came up to me and said ‘Sir, if I have Rs. 10 crores in my life, I will […]
Clients, friends, readers, and others regularly ask “How much will my investment become in 22 years?” Really, I have no answer…so this is how I have decided to react. Do you want a policy illustration or a knock on the head? Now that I have to show you an illustration, I will. However that […]
When I ask people what they expect from their investments, their first answer is ‘profits’. So I now have to be more accurate in my questioning… One of the questions is ‘What returns do you expect on a realistic basis from your investments?’ Obviously in nsc and ppf they know the answer…but when it comes […]
Relationship managers never had it so bad! Whatever they do, the client is not happy…and keeps threatening to walk away! Relationship managers have a lot of work to do – and one important job is sales. When they sell…they sell. So they have targets, they must keep talking…and life is really tough.. One important thing […]