Thanks to Satyam, now independent directors are all asking for a one-to-one meeting with the statutory auditors. One satutory auditor I know, told the board, sorry “I did not check the cash on hand” – and the board insisted that petty cash (in 47 locations) should be checked immediately. This is what is called being […]
The key to quality insurance is in choosing a good quality Agent. The word agent comes from the Indian Contract Act, 1872 and it is the Christian name for the guy who brings insurance / mutual fund product to your door step. Nowadays they have various names like Consultant, advisor, and the like, but I […]
Here is a book review for this great book….and this appeared in BSENSEX – BSE-SENSEX – it is a magazine which goes to the CEOs of companies listed on the BSE and to all its members. The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash” by Charles R. Morris One of […]
I have a friend who has worked in a bank for many years – from a rookie sales person to almost the top job in sales and marketing. She has (to me surprisingly) acquired a lot of knowledge about banking, mutual fund and life insurance. Not knowing much of her background (she now works for […]
Many people write in or ask – what should my relationship manager tell me about my portfolio / new investments. Here I am trying to make a partial list. 1. I need to profile your risk – and your risk profile depends on your age, your income, past investment experience, your projected income, your needs […]
I was inundated by clients, friends, foes, readers, ….Is Jeevan Aastha a good investment? Two friends came to meet me. One had just invested Rs. 100 lakhs in JA, and the other was crying over the fact that the last date had passed. (I was not sure about the closing date anyway). I reassured my […]
In the past I had done 3 articles calling the article ‘ranking trap’. These articles were written on 5th july, 20th july and 19th dec. Using past data to judge is height of “&^%$#*” – fraud or comedy depending on your point of view. Mutual fund ranking is a fantastic money spinning game for most […]