Financial literacy and Financial education are thrown about freely. I attend meetings where some very serious sounding people create a lot of soundbytes saying how we should ‘educate’ people about financial literacy. I do not believe in financial literacy. Let us take the case of a guy with a CTC of Rs. 18 Lakhs – […]
For most people in India – at least in the suburbs of urban India if not in the whole world, real estate is a big portion of the total assets. Let us think of a person who bought a house in Campa Cola’s land in Worli. He / she may have bought at a high […]
The worst types of lies are when you tell lies to the man whose face you see in the mirror while shaving! There cannot be a better line than that, can there be? Last week I was speaking to a cousin who has just retired – and is likely to get a few million in […]
I had done a post on manufacturing demand…..all industries follow the same process…see how it works.. 1. Create a scare: MF Industry: Mr. Subra i hope you invest in mutual funds…. Subra: No..i invest in direct equities.. MF: But sir Direct equities is risky, is it not? Subra: hmm…welll…er…it has worked for me… MFI: […]
In Indian parlance it is quite common to address a veteran as Bheeshma pitamaha, right? Well, Bheeshma was a great warrior (he fought Parasurama – remember the Amba factor?), and he could take on anybody in his reading of the Vedas (remember he created Vishnusarsaranamam while on his death bed?)….but he is not really known […]
Clients regularly ask for “How much will my investment become in 22 years?” Really, I have no answer… In analyzing the possible rate of return of either a new or existing life insurance policy, and comparing it to possible alternatives, it is first important to understand how inherently unreliable, unnecessarily exaggerated, confusing, difficult to […]
Don’t take this risk with insurance – the mistake of nominating wrongly! Most people name their beneficiaries when they buy the policy, and then never give the subject another thought. That could be a mistake. Good consultants recommend that you take the time to review your policies’ beneficiary designations periodically (annually or whenever there is […]