Archive for the 'financial education' Category

Being ready for the financial planner

This is from experience – the advantage of meeting 5000+ people is enumerated here
1. Have a realistic expectation from the financial planner (see yesterdays post)
2. Know what to expect from a planner
3. If you do not have your data in an organized manner, the planner is not likely to spend time organizing it [...]

Retire Rich…a book review!

this book review was done by a 24 year old girl……I am happy that such a young person read the book. Here are her comments….
Retire Rich Invest Rs 40 a day!
Excited, you feel adrenaline rush down your blood… wait a minute – if you are in your 40s and think that 40 a day till [...]

My investing blunders…continued

The more I meet ‘investors’ (they think they are investors) who seek alpha (like my friend SS says – since they do not keep accounts they do not know) and some who even claim that they get alpha….here is a list of shares that I destroyed yesterday:
Computer Point, Chokani International, Chimique Laboratories, Svadeshi Mills Limited, [...]

Retire Rich Invest Rs. 40 a day!

About the Book : – To most people retirement is an age. It of course depends on your health, the company you work for etc. However in the first chapter I would like to introduce you to the concept that retirement is an amount of money! After all, if you have that magical amount why [...]

My Investment Mistakes – of the decade

இனிய  பொங்கல் நல்வாழ்த்துகள்..!
என்றும்  அன்புடன்
http://www.subramoney.com/book-written-by-me/
The last decade was perhaps the most difficult in my investment life of 3 decades. I am happy I survived – thanks to a fantastic investment advisor who like wine is maturing with age. There of course have been mistakes and big ones – happily there have been learnings. And like the [...]

I can manage better than my fund manager…

A few people I know keep comparing themselves with fund managers – and can arrive at fantastic conclusions. Here is a case in point.
One female – nothing to do with equity markets in her professional life – was a sitting duck for many people selling financial products. To the credit of the salesmen she had [...]

You do not need life insurance…story no. 3

Third in this sad saga of a lousy salesman.
“Subra I wish to pay Rs. 60,00,000 as premium for a life cover of Rs. 6 crores – Rs. 4 crores for me and Rs. 2 crores for my wife. The beneficiary should be my kids.
Me: Noble thought – glad to meet you regarding life insurance. It [...]

You do not need life insurance..story 2

‘Subra we need to buy life insurance..I am willing to pay Rs. 30, 000 per month and so can my wife. How much life insurance can we get?’ ..asked my friend SS.
He speaks at a speed that it is difficult to understand what he says…by the time he ended saying this, I was breathless.
I started [...]

Risk: Do not nominate inaccurately …

this article appeared somewhere…
Don’t take this risk with insurance
Insurance is a risk cover – don’t risk the nomination part.  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 [...]

Please respect your spouse!- best Christmas Gift!

I just met a 63 year old woman who had lost her parent. Even though she had a few siblings she was looking after her widower father alone. She was in a ‘old’ peoples home with hardly any friends within a nearby location. Her siblings had to fly in from various parts of the country [...]