One young fresh MBA girl walked up to me and said ‘I want to get really rich…if you give me just 1% of your wealth, I will be rich’. I said, I will make you rich and teach you to get really wealthy, WITHOUT giving you anything, but by just teaching you…HOW to get rich. […]
Well I have always wondered about statements like ‘the numbers tell you the story’ or ‘numbers lie’ …well Numbers may not lie, but liars figure a way to present the numbers LIKE THE TRUTH! Let us look at some numbers….Recently I got a post on FB showing the claim settlement ratio of the life insurance […]
A bank needs more money to be lent onward. A life insurance company needs to sell more life policies, a mutual fund needs more assets to manage… So what can they do? Well a bank can increase interest rates, improve the services, give you more services, give you a locker, create better products….etc. etc. However, […]
What a topic to write on…on Women’s day! Right? Hell, no. I just choose this title because I think many women will search for this line – and hey I have your attention, do I not? Well here is a list. Believe me..if I had said what MEN should know about money, the list would […]
There are a few words which when a financial planner says looks cool. If my planner said them to me, I would look for a new planner! What are the words? 1. I will give clear, and UNBIASED advice! After 30 years in the trenches of the financial services industry I have not been able […]
A few days back Safalniveshak posted a comment saying his friend’s father was cheated by an agent who had sold him 192 schemes in 192 folios. He called it bad and disgusting. Let us look at the whole process. A mutual fund or a life insurance company gets a LICENSE to do business in their […]
Here is a link to the thoughts of Warren Buffet… I more than agree with most of the article…also because I believe it, you could call it affirmative bias. I know people who have made fantastic returns in property trading, gold trading etc. However I do not believe that real estate, bonds, and gold can […]