One hears that there are upwards of 3 million IFAs selling some financial product or the other. My take on this is – not more than 10,000 are in it by choice. Most of them would happily take up a job in the financial services sector. Some of them will not get a job because […]
The job of an army man was considered cosy because we did not fight a war since 1971. However we sent peace keeping forces all over the world, and a few jawans would have lost their lives there. Also some army men would have been killed in Kashmir, North East, and some smaller operations in […]
Let us play a game – in school and college we used to call it True or False. Q1. If a person is well educated he will be good at managing money. Ans. FALSE. Completely false. Why do you expect a doctor or an engineer to be suddenly good (or bad) at managing money? No, […]
http://www.subramoney.com/finance-for-non-finance-people-workshop/ Fee based Investment counseling is the cure to all problems, so say the Learned Men. They ought to be correct, because all channels are also saying it. Now I met a ‘Good Intentions’ – we will only do what is good for the client financial planning company. They wanted their ‘planners’ to be able […]
I am creating a few hypothetical examples. Hypothetical for you, real for me. These are all friends, classmates, neighbors,….I want a reader feedback about their life insurance needs. I will then react to the feedback. Story 1: Mr. Rajesh is a well off builder and like a lot of my friends lives in Ghatkopar. I […]
A couple of days back I had reproduced a letter from a grateful life insurance nominee. Let me tell you what led to that story…. Here was a young person (aged about 40) who had died. He had 3 life policies from Cos. A, B and C. For obvious reasons, the names cannot be given […]
One of the most important things I HAVE to do while training Relationship Managers in banks is to keep reminding them that they are not: a. Fund Managers nor are they b. Financial planners. The roles of each person – inspite of some common areas – is vastly different. Similarly another worry is – the […]