I hope to God no underwriter or actuary is reading this article. It is just a collection of the channels through which life insurance is sold these days. If some retired people cannot recognize some of the channels, please stop shaking your heads! Let us look at the channels:
1. The life insurance agent: the old, [...]
Insurance – Life or General is largely about answering some questions like “What if….goes wrong”?
The fundamental objective of insurance is to provide a means to offset the burden of financial loss. Think of insurance as a premium paid for “transfer of risk” premium. An alternative method of dealing with risk. You are paying an insurance [...]
The Housing Market… Why the Price-to-Rent Ratio is Signaling More Pain Ahead
Whether you’re investing in real estate, stocks, bonds, or gold coins, you are rewarded primarily for your exposure to one thing – risk. After all, markets are only risk transferring mechanism.
In the summer of 2007, I warned friends that if they were “speculating” [...]
In every financial planning class I need to do a post lunch session. To keep them awake I ask them to do a simple exercise – calculating how much money they require for retirement.
Unless they are at least 32-33 years of age, they have no clue as to how much they need [...]
Jim Rogers (famous for: Biker and Quantum fund) in a free wheeling interview to MoneyMorning.com says some fearful things. Jim is too famous and has some
Indeed, the U.S. financial debacle is now so ingrained – and a so-called “Super Crash” so likely – that most Americans alive today won’t be around by the time the [...]
When an insurance adviser approaches us, we are normally not in too much of a mood to buy life insurance! However, his persuasion (perhaps our awakening!) make us buy a life insurance policy. This is not a great product – we hardly get any “personal satisfaction” buying this product. We are now motivated enough to [...]
Are we in a bear market or in a bull market? Frankly nobody has been able to answer this question when the market is on! 3 months or 6 months later everybody will tell you that “May 2008 to Oct. 2008” we were in a bear market, however now we are in a bull market. [...]
Many of my posts are based on the Financial Planning / Mutual fund training class that I do. One question that normally people ask me about where to keep their emergency funds. I do give a variety of answers, but here is what I have done:
A friend who is an investment adviser has a brother [...]
Welcome the Bear Markets!
Although we saw a furious short-term rally last fortnight, we have entered into official bear markets territory as of early this month. (In the US bear markets are defined as a drop of 20% or more from a previous high.)
This is a good thing. Smart and Legendary investors understand this. Ordinary investors [...]
I hate writing about politics. Till it affects our daily lives.
When in 1941 FDR, the then President of USA said freedom means freedom of speech, freedom of worship, freedom from want and freedom from fear, I thought it was a good workable definition.
Today when I was reading Obama’s book and he quoted FDR, I started [...]