Either Financial Service Companies are really worried about what some people like me think of them, or there has to be some other reason that I cannot understand. Two companies met with me in the last fortnight, and both meetings really had me a little puzzled. Unlike most other blogs/ websites I do not […]
The role of a regulator is more like a traffic policeman rather than like an investigative policeman. The traffic police makes rules: – only persons above 18 should drive – a 2 wheeler rider and his pillion should wear a helmet – signals mean……. – license application, format, test, etc. We have had a regulator […]
Hey the agency model is NOT working. Well it is not working as it was intended to at least. A group of people start a bank. They work in the bank. Then they appoint employees to work there. They appoint qualified people. These people are supposed to be moral, ethical, ….etc. These people cheat. They […]
When a banker aged 58 buys a UNIT LINKED PLAN…do you feel sorry for him or say ‘well all your life you did to your clients did you not?’. A banker spends all his life dealing with legal documents, he knows the value of the signature that he puts on the paper, correct? He is […]
Not sure how many of you even remember the big printed (8-9 pages) airline tickets (not too long ago – 2002 it was still in vogue)…the travel agent (without whom you could not book the tickets), the discounts of 8% that the agents gave (to people who asked!!), or the free ticket for the wife […]
The worst thing about writing a blog and trying to be original everyday is a quick realisation that you cannot! Frankly there are only 140 pages that you need to write in personal finance. Beyond that it is re writing. Like if you have read Bhagavatham, Ramayana and Mahabharatha ….you have really captured all the […]
I am not writing one more word on should you buy a UL or a MF product. Enough has been written in the world about this, right. I was just trying to see how both the regulators are looking at the products. 1. ULIP sellers can make a policy illustration: It is mandatory that the […]