On the 1st of Jan 3 wise men came on a television channel and spoke about investing. Obviously they are very wise and they have a role to play when they come on television. One was the head of a big life insurance company, one was the head of a brokerage firm, and one was […]
When the mutual fund industry was groaning about the ban on entry loads, the sounds seemed genuine, but not any longer! Why do companies start a mutual fund (big houses in other financial products) we assume they do this to earn money, correct? Well I am not so sure now. The latest giga offer I […]
Hey do not see..we are changing! Well the NSE and the BSE have decided to change the timings for the market operations from 4th Jan, 2010. Who benefits? Really do not know..but let us see the stakeholders… The Stock Exchange, Mumbai, was started as an association – non profit making company – and was supposed […]
This is perhaps the most amusing comment i have read in recent times. I also like N Vittal’s statement – ‘you only hear bali ka bakra, do you hear bali ka haathi or bali ka Sher?’. Similarly for many of today’s writers (including yours truly) the easiest thing to do is to attack the bakra. […]
Financial inclusion, Financial Advisory, Financial planning, Financial planner, Financial literacy….vow these are the catch words today is it not? And all the financial product manufacturers, bankers, websites, etc. are now getting into all of these in some form or the other. It is politically a great sales pitch. However it reminds me of an English […]
There is one person who is rarely quoted in Financial Circles. He is George Bernard Shaw. He said “Whenever I go to my tailor, he measures me up”. I wish all of us would do it! Once we decide on a particular thing we do not let new facts change our minds. We carry prejudices […]
Most financial planners and personal portfolio managers are questioning their basic assumption of asset allocation. In the year 2008 asset allocation failed. This of course is their conclusion based on a set of data. Data is accurate but the conclusion seems to be a little flawed. In the years from 2002 to 2007 (when Mr. […]