Sir I have read your blog…I like it. Me: Thank you He: Sir, are you a Chartered Accountant? Me: Yes sir.. He: Will you file my Income tax Return? Me: No sir, i do not do that work… He: What work do you do? Me: Regarding investments.. He: Arre, will you manage my portfolio…I bought […]
Too much is made out of entry load, exit load, ulip, cost of fund management etc. Most of the loss (leakage) in personal finance can be attributed to the inefficiency of execution. Even good advice is lost to poor execution! Let me enumerate (Ripley’s should not use it in their Believe it or Not, please) […]
My relationship manager is asking me to buy this product, should I buy this? I have been asked this question a zillion times. My answer is – why do you not learn what you should know and what your relationship manager should know? Actually the answer to this is sheer laziness. Most people do not […]
People ask me what should a financial planner do? Well if I were to write a book on financial planning, I could write a few chapters on this topic. One thing however he MUST do is ask you a lot of questions – some painful. For example when I talk to a new, unknown person […]
As a part of my personal financial planning seminars, I come across thousands of customers who are looking for advisors. As a part of my training sessions, I come across millions of agents who are looking for customers. However, for me it is not just picking up a telephone number and passing it on. This […]
In a topsy-turvy world, you need to live by the new rules. So, if you have some money saved or invested and want to see it grow, well, that’s the spirit, right? Well, for many, the biggest impediment is debt. Your investment strategy may be bogged down by education loans, car loans, house mortgage, personal […]
When you handle personal finance you need to be a little soft, a little hard and sometimes cruel. It is like giving medicines to a kid. Not many clients want to listen to bitter advise. Imagine a professional who wants to invest Rs. 3 crores in a business, where I think he will earn only […]