When you go to a doctor you get a feeling that you have gone to a person who is completely ‘loyal’ to one school of thought. So you have a allopathy slave, a homeopathy slave, a unani slave……
NO DOCTOR has the patient’s good at heart? Not sure if it is too sweeping, but why does one get such a feeling?
Why can we not have a doctor who is willing to spend time with you and then decide that you need some allopathy as well as some diet changes and yes for the long term some homeopathic treatment?
I may be too ahead of the times. 100 years from now we will have a ‘doctor’ which will be a person who will be able to collect all the wisdom and be able to advise you on your:
a. work load
d. long term cures
e. short term immediate cures
f. mental health
g. life style management.
Now cut to the financial service industry. Forget what is available – a huge range of financial services, wisdom, relationship managers, fund managers, financial planners, advisers, lawyers.
People selling mutual funds bad mouth insurance, insurance sales guys making fun of mutual funds. Those selling post office schemes not understanding a word of mutual funds, fixed deposit salesmen not understanding rankings. People running other businesses suddenly worried about YOUR welfare, but peddling financial products. People pretending to be teachers but clearly interested in peddling products. Magazines rating funds, managers, schemes – and then saying ‘past performance is not an indicator for future performance’. Relationship managers continuously peddling high potent drugs to patients who do not know that they are being had…..REGULARLY and REPEATEDLY.
I have met a range of them and felt scared for their clients. People who not long ago were selling credit cards, home loans, life insurance, ….are all now peddling financial planning. The questions that they ask, the ‘wisdom’ that they can mouth, the 30 page reports that their software generates, is stunning to say the least. Not having a financial adviser seems to be a far far efficient and happy situation instead of having a half baked idiot. Popularity by being on the media seems to be fairly easy.
When will we have one REGULATED adviser with a fiduciary who will take a fee ONLY from us and be able to advise us on pre nup agreements, making a will, mutual funds, equity brokerage, life insurance, real estate, financial legal matters,…etc. As of now this guy is like SANTA CLAUS…Wears a red dress (thanks to Coke…)
After all you need not invent the mouse trap to make money. You need to make a human trap which is far far more lucrative. And with a billion potential walkers, life is great.
So lets build a trap 🙂
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