If you are a Senior Citizen, everybody wants a piece of your money, so life is not easy. Having said that even if you are not a SC there are a lot of people who want all your money, what do you do? First of all, we all need a bank account, so it is […]
an old article being reposted. Look at both these stories from a personal finance point of view…I believe Naushad wanted his family to go through a lot of trouble, but not confirmed…read on…. There are two news items in today’s Times of India – both related to personal finance. One is about Naushad (who knew […]
Good morning Mr. Subramanyam, this is Mr. A Saxena from Metlife Insurance company, can I speak to you for 5 minutes? Me: Yes please go on… Saxena: Sir you have 3 policies of Metlife which has expired, and ML has returned only Rs. 25,000 to you. Actually you have paid Rs. 125,000. We found that […]
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 […]
Just attended the 1st birthday of MoneyLife foundation – the magazine is older…Dr. K C Chakraborthy, Rbi deputy governer was the chief guest. Sanjay Nirupam of Congress (earlier Shiv Sena- the original) was also a guest… I liked the way Debashis introduced Dr. Chakraborthy. Dr. C is a nice, simple person who is quite humble. […]
When a friend who has Rs. 3 crores of aum says I need to create an income stream for my parents what do you do? worry about the loss of aum? suggest a MIP with 10% equities or tell the truth – the Senior Citizens Saving Yojana – now made convenient by being able to […]