Maybe because I am in finance or for whatever reason many people tell me stories of financial fraud. The most dangerous are the ones involving finance and Senior Citizens. Story No. 1: One senior citizen without too much knowledge of banking processes and documentation asked his close relative to withdraw money from the bank. […]
Nirmal Jain of Indiainfoline is a sensible businessman who needs to and will do business in India. If you seriously look at his business model, it is the funding operations which is really making money. In the financial services industry, broking, mutual funds, life insurance – NOTHING is profitable. One HFC told me – we […]
One person came to me saying ‘This is a financial plan that my planner has done, is it good?’. The plan was elaborate – cash flows for 10 years into the future, what product for each goal, rate of return assumption, – all this was there. It ran into 59 pages and could be […]