I was asked to speak on ‘Impact of Demonetisation on the Wealth Game’. I did not like the word ‘Game’ so I said ‘Wealth Business’ and I also said ‘nothing changes in the Wealth business’ EVER. The short term actions which consume all our energy and attention, are just a slight bump or dip in […]
I actually do not know why I am writing this post..but here it is. One thing I was told and found out in life is to call it quits when the going is good. I know one thing – at 6500 readers a day, I have reached the plateau if not the peak of my […]
Most IFAs are scared to scale down the return expectations of clients. In the Indian context it is easy to see why. If you tell a client that he will get 8% in a debt fund, MOST middle class clients are going to turn around and say “I am investing Rs. 600,000 a year in […]
The SnP 500 is on a bull run since 2009 and is one of the longest bull runs. It has to end sooner rather than later. In such a market what should one do? Well do not try to remove money and sit in cash waiting for an opportunity, but yes if you are in […]
As organisations we need to classify people into buckets so that we can cater to them. For example mutual funds and life insurance companies classify distributors into different classes based ONLY ON THE amount of assets they manage. I have always felt that a person who has Rs. 400 crores from 23 clients is very […]
I am doing this post for the umpteenth time..please see all my posts on term insurance, if you want a comprehensive view. By the time a few of us had shouted ourselves hoarse that ‘Term’ insurance is the only product to buy, the brilliant life insurance companies came up with some smart ideas: a. Riders […]
Predicting equity markets is not possible. Well, more than not possible, it is not necessary. Should we try it, at all or is it just a waste of effort and time. Well I can argue both ways, and for 99% of the investors, trying to guess the market direction and speed is completely unnecessary. However, […]