These are stories about a few friends. I have 2 friends – aged about 57 years. They were classmates and are now very close to retirement. Their investing philosophies are so different that I could not believe that the accumulated amounts could be so far away from each other. One of them did his MBA […]
this post was done on Vijayadasmi day..it is worth repeating..will also play it on Vijayadasmi day…for those who missed 🙂 No this story is not about Durga..it is about a friend named Sandeep. Sandeep was a classmate in Fatima High School at Kirol, Vidyavihar, Ghatkopar, Mumbai. When I was in class 6, Sandeep was in […]
Once in a while at least we should look to helping others. Like in an old Hindi movie Amar Prem Rajesh Khanna tells the villian “Even animals look up while eating, as if thanking God for the food that it has got”. As human beings let us do our bit. There is an organisation (UK […]
Yesterday I met a pharma distributor. He is really huge – and controls a full state. Just to hide his identity will not reveal which state. He was talking about retail margins in the pharma industry. First of all the ‘billing’ price is far, far below the MRP (which incidentally in India is a fraud). […]
Today we will se how the other (vociferous!) distributors will react: These are the smaller distributors who were getting 2% (atleast) to about 4% as marketing fee. However this money was coming from the client – and many clients did not know about it. However many distributors were giving all their ‘income’ back to the […]
Year: 2009 Month: July Mr. C B Bhave abolishes mutual fund loads. This event of abolishing loads by SEBI (on the mutual fund sales) there is increasing pressure on other regulators to reduce charges / fees. So the following scenario can emerge: IRDA has decided that all life insurance products – term, unit linked insurance, […]
One amazing rule of investments is called the ‘Golden Rule of Investing’. The Golden Rule says “he who has the Gold, makes the rules of investing”. If this post gets you nostalgic, you must have been born in the 1960s! Once upon a time there used to be a ‘ring’ in The Stock Exchange (you […]