I have myself written many times about how to get rich and such other topics. Now I am myself changing it – some may even say topsy turvy. Ok if you do google you will find the steps – have a plan, make a budget, save money, invest it, put it in a mutual fund, […]
Stash away that bonus! If you belong to that class of employees who gets a bonus at Diwali time, lucky you! Today you would be sitting on that bonus in your hand and the whole family would have a claim on that. Who are the claimants on this bonus? Lots in fact! Thanks to the […]
A few days back I had done a story about risky financial behaviour. I had said 1-6, so here are the another 6 – from 7 to 12. I did not want to say here are 6 in a set of 22…’cause I wanted to leave it open ended.. 7. Time diversification: You cannot pay […]
How to identify mature organisations which think they are too great to fail? They fail to see Customer’s Changing needs They are run by people who hate the sales and marketing functions – in a competitive market! Their systems are old and created to please the board – the customer be damned. If a product […]
I deal with ‘Mature and old’ organisations as well as new organizations. Here are some observations regarding some of the so called ‘successful’ mature organisations: Most of them need some rejuvenation if they have to still remain alive. They largely rest on their laurels. Some of them have terribly performing subsidiaries which have no claim […]
Media loves to bash the financial advisors. The main accusations about FAs are – they sell products which the clients do not need, they sell products which have the highest commissions, they do not know all that they should know….etc. Let me now bat for the FA. A good FA should be well qualified (let […]
In all my financial interactions – be it planning for clients, training, teaching or writing, people have come to me with some problem which they think is unique. In all the financial problems, I am able to find a pattern. Believe it or nor, people more often than not choose the problem by their behavior. […]