Mutual fund loads abolished – let us look at how each constituent is likely to react: Investor: He is supposed to be the biggest beneficiary. Most of them will not know about it. A few handful of people (who had the option even earlier) can go direct. However to the best of my knowledge the […]
I recently received the annual report of a financial services company. Like all financial services company this company also has an insurance business, a financial distribution company, a mutual fund, …the works. A quick glance clearly shows that this company will NEVER make money in ANY of the abovementioned businesses during my life time. Surely […]
Many people write in or ask – what should my relationship manager tell me about my portfolio / new investments. Here I am trying to make a partial list. 1. I need to profile your risk – and your risk profile depends on your age, your income, past investment experience, your projected income, your needs […]
Once when Brezhnev was taking his mother around his castle, showing off his cars and swimming pool, his mother asked him “Son, what if the Reds came back?” Or so goes a story. If you think there have been excesses in the American economy, please re-think. Top executives at Bear Stearns, Lehman Brothers, AIG (which […]
The easiest product to mis-sell in the markets for the past 2-3 years has been the SIP! Why do you ask? The answer is simple. The press has been supporting and extolling the virtues of SIP – we all are guilty of this including yours truly. However SIPs work over long periods of time – […]
The idea of life-insurance will probably first come your way when you are planning your tax returns. That’s how it is for most Indians – insurance is a tax saving device. Well, there is a lot more to life insurance that it pays to know. Let’s begin by looking at every step of getting insurance. […]