Amazing to see a pattern in the working of a Regulator…..one thing common to all the regulators is that they speak the language of the strongest player! When SEBI was formed and it took charge of the mutual fund space, there was only ONE mutual fund – the UTI. So there was a tussle between […]
Last week I was speaking to one of the bright kids I work with. For practical purposes let us call him John Galt. This kid (25 years old) has just started earning a nice salary. He spends well but can put away a nice amount on a regular basis, but is not doing so. I […]
The banking, insurance, mutual funds, brokerages are all here to help the client make money, correct? No. Most of them are here to make money for their shareholders. That of course is their main purpose – like most companies. Ditto for the pharma and medical industries too. In the BFSI space there has been no […]
When you get advice from somebody you are hardly in a position to tell whether it is in YOUR interest, right? Well, here are some tips! When you go to any professional these days they make their advice sound very ‘professional’ sounding. So what are the signals that you should look for? 1. You go […]
FOR HEAVEN’S SAKE THIS IS A HUMOR COLUMN AND A DIG ON THE RECENT REGULATIONS! These are the forthcoming Financial Services Legislation: 1. Distributors of financial products cannot do advisory: Every person in the financial services business will choose whether to be a distributor or an adviser. The adviser will act like a doctor and […]
I had done a post long long ago about needing various types of banks….let me enumerate…. 1. Banks which will cater EXCLUSIVELY to the lowest strata of society: catering to the urban poor and should be staffed by very normal kids and adults living in small houses. 2. Banks which will cater to the senior […]
The investor and the businessman – are the MOST important people in the economy! They go around looking for business opportunities and when convinced they put THEIR own money into a project. The project then becomes big, raises money from the public and generates more money for the economy. Sadly for us in India, the […]