Have you wondered why people make mistakes while buying financial products? Well here is what I think: 1. Products are complicated: Most financial products are complicated. This is absolutely necessary so that the charges can be well hidden. 2. Salesmen are always in a hurry: This is easy to understand. They are paid for closing, […]

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Markets fell by 340 points yesterday and has fallen 260 points already today. For people like us markets means sensex! So what to do? I have so many panic sms coming to me! The worst thing to do is to stop the sip! Remember if you had a COMPULSORY SIP….you would have continued to invest, […]

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Honest to God, this conversation is not an exaggeration. Please read it, and tell me how useful this advise was: Anchor: Sir, when buying insurance should you buy insurance or an investment too. Expert: Well you should look at all the features. Normally people buy life insurance to get the 80C benefit. Which means in […]

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If you are an accountant, a company secretary, or in someway connected with accounts and annual return, the first question you must have asked yourself is ‘Why XBRL?’ Correct? People do not like change. And this does not change. We will resist change – simply because we are used to a certain style of living. […]

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Well this is not about Animal farm. It is about the state of the life insurance industry in India. Let us see the imaginary conversation between the LIC and Ministry of Finance. LIC: Good morning sir. Here is a cheque for the IPO Government Nonsense Ltd.’s public issue for Rs. 8000 crores. I hope the […]

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Mostly people look for capital gains. Not sure why …maybe it is the media effect or friends effect.. Sadly not enough data is available in India about the returns – even company websites do not have the details. For e.g. I cannot know how my shares have fared if I bought Wipro in 1980 for […]

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I have a few friends, cousins, etc. who ask me BEFORE THEY INVEST…here is an email that got forwarded to me saying…sounds too good to be true, want you to say my decision of saying NO is correct… I have reproduced the mail here..was sent by a National Level Distributor (not a bank) …clearly violating […]

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