One hears that there are upwards of 3 million IFAs selling some financial product or the other. My take on this is – not more than 10,000 are in it by choice. Most of them would happily take up a job in the financial services sector. Some of them will not get a job because […]
The mutual fund industry has seen a big fall in the assets under management – you can google for the numbers. These have been caused by a combination of reasons – advance tax payments, new debt instrument valuation norms, equity redemptions….the industry itself is shrinking perhaps? What really beats me is the legitimate earnings in […]
The job of an army man was considered cosy because we did not fight a war since 1971. However we sent peace keeping forces all over the world, and a few jawans would have lost their lives there. Also some army men would have been killed in Kashmir, North East, and some smaller operations in […]
Goal setting is something which now everybody seems to be doing. However it is not possible to do any kind of Goal setting unless it is internal to you! So why can I not set goals for myself like say a Mukesh Ambani (perhaps) does for himself. Simple – internal to me, but I am […]
USA is a rich, big, innovative country which does not get into any financial mess. This is what we were taught in school. Obviously things have changed. What is the implication of Greece problem for the US? 1. Well first of all the Euro is getting weaker. This looks like good news, but it means […]
There are many problems facing the mutual fund industry…in an interview with Dhirendra Kumar of Valueresearchonline.com Mr. Sinor of Amfi says “the biggest problem facing the mutual fund industry is the mis-selling by the distributor”. This is a little amusing. The insurance regulator and Sebi regularly make noises about mis-selling, however Amfi and the Life […]
post repeated with some re-writing on request by a few ‘Satsang’ friends …who wanted to read about what I told them about life, portfolio creation and ghee….some of you would have read it earlier..sorry for the repeat… Life, wealth, milk and ghee. Have you wondered what is the connection between creating a portfolio, ghee, life […]