Most IFA that I have met work with people in the accumulation stage, or people who have a huge surplus. So in many cases, the mistakes of the IFA or the client will not matter – the corpus is so huge, that lifestyles do not change. However, going forward we will work with people who […]
It is very difficult for an adviser (financial, health, education…) to build credibility. In an industry where there are so many fly by night operators (the 97% of them get the 3% of us a bad name)…how does one build credibility? Well the following have worked for many of the advisers that I have met… […]
I get this request very often. Maybe 100 times in a year if not more. I do train a lot of IFAs and bank RMs, so I should be able to connect the two, right? Wrong. I am myself not sure about who to recommend. I can name some very knowledgeable people here who I […]
There are many things that an IFA has to be doing, and many things that he should not be doing…lets look at the things that he must be doing. For Financial success in life a person needs to do a few things right. First of all he has to have capital to invest – either […]
Except if you are in government service and have a nice subsidy for everything in your life and have a pension, there is financial tension. The Indian Finance industry is no exception, and as in every industry, the most threatened person is the LOWEST person in the chain – the IFA. All mutual funds keep […]
Q. We are considering purchasing child life insurance (Ulip) for our little girl. We have been reading various articles in the media and are seeing a lot of different views on this. My husband told me that you do not answer specific queries, but I still took my chance. What are your views? A. No. Nein, Nyet, […]
This is surely just a ramble. I did not even know whether to call it learning, rules, diktats, …or just a ramble by an old investor, but hey here it is…. Make mistakes – write down what went wrong, make quick small mistakes, laugh at them, make it when you are young, and most importantly […]