Yesterday I met a guy who has been a bear for a long time…Last year Dec 2011 he had told me the following: 1. Volumes will shrink in 2011, and a few brokerage houses will go down. 2. I had asked him “Is Reliance a good buy at about Rs. 12oo”. He said why not […]
For all those who have been reading about how badly the mutual fund industry, life insurance industry and the banking industry are suffering….please look at the results of all the banks! – Icici bank was more profitable because of the Rs. 350 crores from the life insurance arm – Hdfc mutual fund is the biggest […]
Most stories going around in the world are only about dishonest, misselling, cheating agents..do any of you have any idea about a few honest agents? The agency business is funny. Managers get people who are reasonably good in sales, but not too knowledgeable about the product, and make them agents.. here is a story: “I […]
There is a retail boom in India, but there are just not enough training schools to create the necessary Retail Force. Sadly retail is too big a word and too confusing. Let me explain. When a customer wants to buy bread or grocery he/she is only looking for good display, big and clean trolleys, […]
The slowdown in the economy, SEBI and IRDA never ending and ever changing regulations, falling margins, better opportunities elsewhere….are all reasons why the agents seem to be consolidating. Many wealth oriented people are hoping that the clients will understand the need for Medical and Life cover insurance. Typically my suggestion is for people to buy […]
It is lonely at the top…but surely Hdfc will not mind it. Hdfc Mutual fund became the biggest mutual fund and toppled Reliance to reach that position. Hdfc in most businesses is like the proverbial tortoise…Slow and steady, plod, plod….but once you reach there stick to that position! So Congrats Milind Barve and team for […]
About 6 months back I had a long list of shares to buy…rather discuss with my broker..let me share some of them.. 1. I thought Reliance was a great buy at Rs. 1150…he said hold on, do not be in a hurry. Today it is sub 800. 2. I thought Tata Motors at 1000 was […]