Recently we heard of Suchitra Krishnamurthy taking her advisor Hsbc to court over her funds being poorly managed. She may or may not win the case, but what is the learning for celebrities (and us too!!) from SK’s case? What could she have done differently if there was a second time around? Well here are […]
I have done this post many times in the past…here is one more attempt. When you require a PERSONAL FINANCIAL ADVISOR, you are looking for a fee only personal finance advisor. Let us see who are NOT pfas: 1. Your bank relationship manager: He is a paid employee who has sales target. Remember, I have […]
recently a friend found out at the funeral of a lady that a ‘rod’ which was supposed to be put in her left leg was not put at all….only when her body was being burnt did they find this out…so he tweeted ‘please get an xray done after an operation…that all things are done’. […]
Everybody who sings about one of the best and perhaps smartest businessmen in the world they forget his fees. Warren Buffet charges 25% of the profits as fees from people whose funds he manages. How many people are willing to pay that kind of fees? IN ADVANCE, not 30 years later in retrospect… Remember the […]
If you thought Madoff scandal would serve as a reminder against buying shit financial services you thought wrong. Simply wrong. Sadly I know some of these ‘event managers’ , wealth managers, brokerage houses…and others who organize such functions. I also know many rich people who attend these functions as well as wannabes who attend them. […]
http://www.subramoney.com/book-written-by-me/ I started the previous post by saying that my portfolio has the benefit of one of the finest wealth managers in the country. So the mistakes here are completely mine. If he had a chance I would not have bought any of the following shares. Trusting the Chairman / CEO of a company: No […]
The US government is pouring out AID this week to a number of financial companies under several of its recently instituted ‘support’ programs. Citigroup, Goldman Sachs Group, JPMorgan Chase & Co., Wells Fargo, and GE Capital are now in various stages of selling bonds backed by the government, thus lowering the rates they would have […]