I am normally against loans for buying things – all my blogs say that. So if you think I am breaking my own rules, well let me clarify. I will give you reasons for NOT repaying the loans in a hurry. The reasons are simple: 1. We will continue to inflate, so if you have […]
The distributor of financial products – Call him an agent, advisor, consultant, …or what have you, but he is representing the manufacturer and has a role to play. Clients should expect good quality feedback on the happenings, not necessarily express speed. All websites today carry an article on the RBI rate policy. Expect a detailed […]
This is the time that most retail investors lose patience, panic and hit the sell button. If you did that, you may not be wrong. But then you may not be right either. Remember the best money managers (no not a businessman like Warren Buffet) have done well by protecting the downside in their clients […]
It is customary for people to give sane advice- if you have a kid, the kid should have a PPF account. This advice makes very little sense. First of all most of the people I meet today invest far, far more in a year than the max possible amount of Rs. 70,000 in a PPF […]
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 […]
the flow just continues… A friend called me to say he is buying a new life insurance policy. Luckily he called me before he signed the cheque. I asked him why did he have to buy a policy – his son and daughter have just completed good top class education and are in nice jobs. […]
SIP creates wealth in the long run, however it gives no immediate gratification. Equity trading (what the common man thinks is investing) gives immediate gratification and does not create wealth for the client. The broker wants him to trade so that broker’s wealth goes up. So what is the solution? Sell SIP in equities as […]