Uma Kannan wrote this piece on rediff.com….interesting..she called it “11 reasons not to buy ULIPs”. Easy to identify with some things she says…here it is…it appears in the Get Ahead section of the site..
I am sick and tired of writing about ’should I buy a ‘ULIP or a MF‘ kind of articles. I know people [...]
There was an amazing news item now. Mr. D Swaroop said Rs. 15,000 crores was paid as commission to the insurance distributors, so they have decided to eliminate commissions. Fantastic idea, should be immediately implemented!
Vow! So the investors save Rs. 15,000 crores.
A quick calculation showed that the insurance companies paid Rs. 22,000 crores as rent, [...]
this is the second part of the confessions of adviser’s / relationship managers
some of the things that i wish to tell my client, but cannot!
1. When I asked you to sell (index 21000) you said ‘it will go to 25,000. Later on you say “You did not say it strongly enough”. Man, you are a [...]
Most financial planners and personal portfolio managers are questioning their basic assumption of asset allocation. In the year 2008 asset allocation failed. This of course is their conclusion based on a set of data. Data is accurate but the conclusion seems to be a little flawed.
In the years from 2002 to 2007 (when Mr. Risk [...]
I have 2 friends – aged about 57 years. They were classmates and are very close to retirement. Their investing philosophies are so different that I could not believe that the accumulated amounts could be so far away from each other. One of them did his MBA and joined ITC – and stayed there for [...]
Why should I hold cash? A very good question which many people keep asking. It is true of individuals, corporations and funds.
Well cash is held for 3 main purposes (any Economics tutorial 101 will tell you this):
1. Transactions Motive – to do transactions
2. Precautionary Motive – just in case I need something. Just in case…just [...]
Here is a story …said in a very spiritual context. It is just as applicable to us as ‘fund managers’, ‘relationship managers’, ‘ifas’ or…what have you. When the markets do well, we keep saying ” I got the client 43% returns” if you are such a genius why is your portfolio in the Red this [...]
continuing the myth busting on rent vs. buy ….
“Renting is for poor people.”
Of course renting is for poor people – very much true. But it’s for rich people, too. I know if I name some of the people who live in rented houses – with their designations some of you might torch me. The closest [...]
If you have followed my posts regularly you would have seen my posting regarding owning or renting your house..to which I have received violent protests. Here I am replying to the protests…
“Own houses can be bigger than rented ones.”
That is funny. You can rent a bigger apartment can you not? Most renters live in single-family [...]
Many people including family has screamed at my idea of renting instead of buying a house (rather any asset). My idea is quite simple. Whatever you use has a cost. The cost of any product is made up of materials, overheads, interest, depreciation, and manufacturer’s margin.
If you use a taxi say for 20 hours a [...]