There are many reasons why you need to plan. Let us enumerate some of them: To protect you and your family against financial risks – financial risks include early death, critical illness, accidents reducing your ability to earn, living too long, etc. To reduce or eliminate personal debt – too many people spend with money […]
I just met a 63 year old woman who had lost her parent. She had no clue about either the municipal formalities, banking formalities, or anything else of her late father. She was not a dumb woman. She had a PhD in philosophy, but had given up all that long, long ago for taking care […]
It is customary for industry bodies to time and again talk about “irresponsible” selling or mis-selling by “unethical” agents (by what ever name called). Let us look at what exactly constitutes mis-selling. Mis-selling as understood by the common man means “selling a product which is inappropriate for the client”. However let us look at the […]
I know it is difficult for many readers to accept that they are poor because they call themselves poor! Have we wondered loud enough about is India poor? I regularly see articles and advertisement for houses costing Rs. 10 crores (2.5 million US $) – and many of the houses being sold out. Are they […]
Make that first investment; waiting is costing you a bomb! After every lecture on financial planning, I get many requests for information from, young people just starting out in life. Regardless of their age, people do realize that a little upfront planning and action can put them ahead of the game. Therefore, here is what […]
When the guy/ girl selling “financial planning solutions” comes to your house and you happily part with the cheque is it her fault for asking or your fault for giving? This is a question I would like to ask all people who complain “I have been mis-sold to”. It is ridiculous that suddenly a retired […]
If people think (or know) that you have some connection to the stock markets, they do turn to you with queries. One of the questions that I am asked – for the past 3-4 years has been “Do I need to hand over my money to a Portfolio Manager?” Whether an investor would benefit from […]