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 […]
“Past performance is not an indicator of future performance” — the literature of every mutual fund you own, mentions something to this effect. In fact once, when I was lecturing at a mutual fund house, which was not performing well, one of the managers said, jocularly, “Can we say our past non-performance is not an […]
Well way back in the year 2001, we were a group of people who attended a mutual fund training program. Here we were taught some very important things. One of them was “Who can invest in a mutual fund” ….Uma Shashikant gave us this answer: Now let us see who all can invest in […]
Either I am being very touchy about ULIPs or Endowment plans in general or too many pro-ulip articles are appearing in the print media also. The big worry about using numbers in an example is to know enough about statistics – mean, median, mode, standard deviation and NOISE. Noise is the distortion that is caused […]
So by the end of January we have made our resolutions, promised to keep them, and have now broken them, have we not? Well what are the major ways a person breaks / destroys resolutions? Not sure about the other resolutions – but financial resolutions are destroyed by the following people behaviour: 1. Missing out […]
Are there too many schemes in the mutual fund industry? Well it can be argued till the cows come home. Value fund, growth fund, large cap, mid cap, mid and small cap, large cap value, mid cap value, large cap growth, opportunities fund, special situations, price-earning ratio fund, equity biased balanced fund, debt heavy balanced […]
Vijay Venkatram of wealth forum …has done a detailed analysis of the mutual fund industry. He is asking a question uppermost in most people’s mind -are the men getting separated from the boys? Personally I wish he had done an analysis with just the equity fund – as one of the tables- which could perhaps […]