Ok you are too lazy to make a financial plan yourself, right? I will be more charitable – you are very busy and your wife reads my blog. She has been bugging you and saying ‘Wake up, make a plan….’ so at last you have found a financial planner. What will you ask him? Here […]
Here are some generic tips for buying / investing in a falling or a bear market: 1. Take a deep breath: when it looks like the heavens are falling, and everybody is selling, having a calm mind is important. 2. Remember Mutual Funds have no choice of what to sell and when to sell. They […]
Or what does a financial plan do for You? Many people get put off by words like ‘financial plan’ or ‘financial planning’, so here is a summary of what a financial plan should do for you (read as financial plan, not as financial planner – Mr. Sengupta feels I promote planners too much on […]
Many kids I know come to me and say ‘I wish to open a brokerage account to buy and sell shares’. Knowing their market knowledge and patience levels my usual advice is ‘No, do not you will lose money’. After that I do not much care what happens. Many of them do open an account, […]
I liked this letter from an IFA to his client, which he was willing to share with me: Dear Sir, I am happy to be of service to you, and here is a small introduction to my services. I am thankful to Mr. Ravi for referring your business to me. This business, like your legal […]
Make that first investment; waiting is costing you a bomb! After every lecture on financial planning, I get many requests for information from, young people just starting out in life. Regardless of their age, people do realize that a little upfront planning and action can put them ahead of the game. Thanks to the paid […]
When a bank or a brokerage house Relationship Manager tells you somethings, what does it mean? 1. Sir your IFA has done a good job, but see the convenience that our bank can provide you. Awesome statement sure. However if your IFA is being compensated on the commission model, your RM is trying to take […]