If you do not know who is paying your financial planner, take heart, you are paying a much higher price than you want to. Frankly it does not matter what a person calls himself / herself. If a person says ‘I will spend time with you and make a financial plan, and I will charge […]
Unfortunately in India most customers crib, then when they get a pat on the back from a high ranking official, they withdraw their complaint. I am yet to see a court order a full repayment for mis-sold policy and heavy damages suits. There is no fear of God in ANY company. If you do bring […]
Ethics and Morality have been the first casualties in this era…so ‘respect’ sounds alien, does it not? Rajat Gupta was not trying to be anything different from a small revenue department clerk – trying to make an extra buck. People like Rajat KNOW what they are doing is wrong. Make no mistake. They are too […]
The Government of India’s cheapest source of funds is of course by cheating the Indian saver. Pay him BELOW the current inflation rate, and all the money will belong to you….. However that alone is not enough, so you sell shares of Coal India. I hold a couple of ‘000 shares of Coal India. Can […]
In 2008, GE was desperately calling the US Finance secretary to say ‘we are about to default’ AiG was bailed out so that Goldman Sachs could be saved AiG was paying its traders (hold your breath 30% of Revenue) for bringing deals, mind you not a %age of profits, but gross revenue JP Morgan, Morgan […]
Subra, my money is safe, I bank with a mnc bank. They have fantastic internal systems, audit, well paid and well trained people to look after my money. They have a fantastic ……. Really? And I have dealt with banks, insurance companies, mutual funds, IFAs, ….and I know this is a wishful statement, not true. […]
What Greg Smith said in his resignation letter about GS is not a surprise, is it? How many of you were ‘surprised’ at the tone or the content of that letter? Not sure how this is as a career move for him, but I guess it will work. He will be snapped up by many […]