When Mr S B called me and said ‘Subra I want to meet you….I said yes’
I said fine, but however I want you to come with the following:
His portfolio (in www.myiris.com, or www.valueresearchonline.com or www.moneycontrol.com)
and a one pager on EACH investment…containing the following:
Name of the instrument:
Premium / installment
date of commencement
PHILOSOPHY of why he had bought that instrument
What goal (if any) that instrument was supposed to meet:
Was the goal over, not an important goal, goal still to be met?
Name of the agent, phone number, whether he was in touch with the agent
the Equity: Debt proportion
IRR (so far), promised IRR, and what action he plans if the current IRR was way far off from the promised IRR
what %age of the portfolio it currently occupied….
– the catch was HIS wife was supposed to explain the document to me.
He reacted in panic.
How would you react? Would you run away or dare to come?
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