If you think you heard the last in the SEBI vs. IRDA fight…well the answer is no. The latest salvo is from SEBI – they have BANNED unit linked plans! They have banned all the life insurance companies. It is an order by Mr. Prashant Saran whole time member…here is a pdf of the order..ULIPOrder […]
As the commissions in the mutual fund industry has been eliminated agents are finding innovative means of earning money. One such method is to approach people with existing investments and saying ‘Sir since you have shiftend residence (retired, married, changed jobs….could be any excuse) it is easier for you to shift ALL your business to […]
Now that there are more than 1100 readers on my blog regularly…the Google data analysis makes interesting reading. What i find amazing is the fact that people from 208 cities monitored by Google come to the site. Even assuming 10-12 of bounce back, it still means close to 200 cities have people who know about […]
There is now a decent size clamor for Sachin getting the Bharat Ratna. Easily the most prestigious award in the country it is normally given when person is dead or dying. There was no dispute when Pandit Nehru got it. Of course that was at a time when people like Maulana Abdul Kalam said government […]
I have said this many times in the past – the best way to create wealth is to spend time lavishly in searching for a good ‘adviser’. Clearly he should be compensated as a %age of your NET WORTH so that you are both playing the same game. Increase in your networth. Instead of this […]
Cholamandalam DBS did a private placement of its shares @ Rs. 92 with IFC, Washington. This is just a small story. There is a website which sells financial information…this statement is hilarious. You should read it. It quotes Reuters…and says Chola has 2 subsidiaries – Murugappa group and DBS Bank in Singapore…read on! http://www.alacrastore.com/company-snapshot/Cholamandalam_D_B_S_Finance_Ltd-2507782 and […]
http://www.subramoney.com/book-written-by-me/ Recently many people have spoken to me about their attitude towards money. In case of people I know for the past 30-40 years, largely the impact of their childhood on their ‘money-psyche’ has been of tremendous importance. Having said that, attitude towards money is not always the same even for siblings. My sister and […]