LiC collects money from the small saver. It pays commission ranging from 4% to 40% based on the product that it has sold, the remaining money gets invested. Where does it invest? Well to keep the people happy it invests in Secured Government Securities. Chuckle chuckle who decides the price? Government of India! Does LIC […]
Three questions, same answer! 1. Subra I have been paying an annual premium of Rs. 10,000 for the past 7 years, but the amount accumulated in my ULIP policy is only Rs. 59,000. What should I do with the policy now? My agent tells me the upfront charges which were high have already been paid […]
Well none of us get a windfall everyday…but what should we do if we get one? There is no clear answer to a question like ‘what to do with a windfall’ – because there is no one answer which will fit all of us. Let us say a person gets a windfall – let […]
I have been asked this question a zillion times and I have answered it a zillion times….so there is a sense of exhaustion. So here is a Buddha Story…… One day an atheist comes to meet Buddha – and he comes early morning so that nobody can see him coming…and meets Buddha. As soon as […]
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 […]
Hrishikesh Mukherjee made about 50 films, including Satyakam, Chupke Chupke, Anupama, Anand, Abhimaan, Guddi, Gol Maal, Namak Haraam – films that I can see again and again and again…and I still cannot call him the best. Dev Anand and Nav Ketan films made Taxi Driver, Guide, Jewel Thief,….et al. Raj Kapoor’s Shree 420, Aan, Jis […]