Most of the investing risk comes from the amazingly wrong, stupid, egoistic assumptions that we make. Of course when a person makes these assumptions the IFA/Client does not know that the assumptions are wrong. Let me list a few of the thousands of assumptions that we make: Equity markets are OBLIGED to give me 12% […]
http://www.rediff.com/getahead/report/money-brexit-vs-you-20-simple-questions/20160628.htm
Financial advisers contend that one of their most important functions is encouraging clients to “re-balance,” or sell whatever has gone up and buy whatever has gone down. This is so simple, technically, but so difficult to implement emotionally. Or like Buffett says ‘be fearful when others are greedy…’IFA behavior has not been professional to say […]
this article on budgeting appeared in www.moneycontrol.com long back. INCOME: Rs 100, expenses Rs 99, life is fine. Income: Rs 99, expenses Rs 100, life is in despair. (Due apologies to Charles Dickens!) There used to be a time when it was advisable to have regular health checkups when you 45. Now, it’s closer to […]
Forget those long lessons on Brexit, fiscal deficit, government’s budget…can you answer these basic questions about yourself. I mean how accurately can you answer these questions without referring to any piece of paper? Assuming that you are about 30-35 years of age and have some financial footprints…and here are the questions: How much do you […]
Sadly there is no single course which could be said to prepare a person for being an IFA. I am assuming that a person should know the following: Technical skills: Portfolio construction, reasonable portfolio management, fund performance analysis – at least enough to be able to read a detailed analysis, a little bit of macro […]
It is amazing how most people I meet can mouth many of the basic investment philosophies but do not understand the wider implications of their financial decisions. They broadly know that it makes more sense to save and invest, but do not realize this when they behave financially WRONGLY when it comes to their own […]