My job as an investment adviser, and as a speaker in investment conferences or writing about investing is very difficult and challenging. What is the challenge? The challenge is to say the same things again and again without being found out! Seriously good advice is dull, boring, uninspiring, accurate, and creates wealth. However, the market […]
Financial planning is not a perfect science. For most people who are not obsessed about large cap, small cap, midcap, goal setting, asset allocation and such shit…it is as painful an experience as visiting the dentist, if not visiting the oncologist!! What happens is when a customer/client / potential client comes to meet a Financial […]
Let me start by saying that I do not know of any investor with serious money (upwards of US $ 1 Million) who works on DIY basis. Just none. And the number of people I know in this set should be in excess of 100. That is not insignificant. I am not saying that they […]
When a client with Rs. 30L exposure in mutual funds – largely equity gets a call from a client saying “I wish to sell my SPARE house worth Rs. 3 crores and put it in a mid-cap fund” how should he react? As a Trainer one could just say “i think its too risky” or […]
Let us say you are a HNI and looking for an adviser. Do you really want to look at a low end IFA who does an average SIP of Rs. 4000 per month? When you are talking of doing an SIP of Rs. 200,000 a month? Or When you are looking to fund your child’s […]
this is the second part of the confessions of adviser’s / relationship managers…I had done the first part long ago. Yes ALL ARE TRUE, and may sound harsh. I have seen some so called intellectuals ignoring the effort of an advisor and going to a ‘wealth manager’ who actuall damages the wealth. Recently I heard […]
The IFA as referred to in this article has an AUM less than Rs. 50 crore and in MF parlance a ‘small IFA’ . This article does not apply to the big IFA who have more than Rs. 250 crores AUM and can get any AMC to bend any rule to accomodate them. Let us […]