‘Sir I took a ULIP because my classmates sister became an agent’ – but it is ONLY Rs. 12,000 a year, I CAN AFFORD IT. – earns about Rs. 800,000 a year, has close to zero savings, busy paying off 2 wheeler loans, marriage loan, and about to take a car loan.

‘Subra I realised it is not such a hot product, but I can afford the premium..it is ONLY Rs. 50,000 a MONTH. ….He works in a big finance company, does not understand the opportunity cost at all. Been paying for the past 4 years.

Many people come to me and admit their financial mistakes. I have no clue why they do it, but if it gives them pleasure, fine by me.

Sadly there is no Indian company doing any kinda research on Indian financial consumer’s behavior…..so read on…

http://www.thestreet.com/story/11710667/1/middle-class-american-financial-mistakes-average-23000.html

 

 

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  1. Subra Sir,

    While i know you are unabashed equity fanatic.What should a person like me do. I allocated a significant amount from 2007 to 2012, with little or no increase.I am talking about age 27 to 32 here. this has meant the most important accumulation years have been lost by me & possiblly all of my generationalso any compounding effect for 5 years & for my life until death has been lost. how do i trust aggressive equity allocation again. My brain does not accept allocation of more than 40% to equity anymore.

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