Archive for December, 2009

Change in market timings..

Hey do not see..we are changing! Well the NSE and the BSE have decided to change the timings for the market operations from 4th Jan, 2010. Who benefits? Really do not know..but let us see the stakeholders… The Stock Exchange, Mumbai, was  started as an association – non profit making company – and was supposed [...]

You do not need life insurance…story no. 3

Third in this sad saga of a lousy salesman. “Subra I wish to pay Rs. 60,00,000 as premium for a life cover of Rs. 6 crores – Rs. 4 crores for me and Rs. 2 crores for my wife. The beneficiary should be my kids. Me: Noble thought – glad to meet you regarding life [...]

You do not need life insurance..story 2

‘Subra we need to buy life insurance..I am willing to pay Rs. 30, 000 per month and so can my wife. How much life insurance can we get?’ ..asked my friend SS. He speaks at a speed that it is difficult to understand what he says…by the time he ended saying this, I was breathless. [...]

YOU do not need life insurance…story 1

It is always difficult to sell and do business, especially if you think that the ‘other’ profession you do is teaching. Let me tell you about a friend who came to me enthusiastically to buy life insurance (3 stories actually) One was a good friend – he said he wants to pay Rs. 20 lakhs [...]

Some more market teachings

If you do not know why a big brokerage house is doing something, copying them because they are a big house is a sure way of wealth destruction. If you cannot find an attractive idea, keep your money in the bank account. Cash does not bite. If you want to trade, think like a trader. [...]

Risk: Do not nominate inaccurately …

this article appeared somewhere… Don’t take this risk with insurance Insurance is a risk cover – don’t risk the nomination part.  Most people name their beneficiaries when they buy the policy, and then never give the subject another thought. That could be a mistake. Good consultants recommend that you take the time to review your [...]