drawback of the NPS
did a story for the Indian Express today on the National Pension scheme…here it is http://www.indianexpress.com/news/nps-nano-of-the-fund-management-industry/761972
Life Insurance: Policy illustration !!
Clients, friends, readers, and others regularly ask “How much will my investment become in 22 years?” Really, I have no answer…so this is how I have decided to react. Do you want a policy illustration or a knock on the head? Now that I have to show you an illustration, I will. However that […]
Financial Fitness..steps
The process of providing financial fitness involves four basic steps. If you have the time, objectivity, inclination (to take time off from your family to do this) and expertise in accounting (to file your tax returns), investments, taxation, insurance, and estate planning, you can do this process on your own. However, avoiding personal bias is […]
Sundaram Mutual advertisement…
The Sundaram Mutual ad is giving reasons – ‘Why investors love our dividend policy’….3. They say to pay dividends, funds must BOOK profits. This is true, but how does the fund house know whether I need the cash today or after 5 months? Do they know that I am a 23 year old hoping to […]
use past performance?
“Past performance is not an indicator of future performance” — the literature of every mutual fund you own, mentions something to this effect. In fact once, when I was lecturing at a mutual fund house, which was not performing well, one of the managers said, jocularly, “Can we say our past non-performance is not an […]
Realistic expectations!
When I ask people what they expect from their investments, their first answer is ‘profits’. So I now have to be more accurate in my questioning… One of the questions is ‘What returns do you expect on a realistic basis from your investments?’ Obviously in nsc and ppf they know the answer…but when it comes […]
Property is a safe asset…read on!
Property is seen as a safe asset. Most people have the following arguments for investing in property: – price can never go down – see prices in the last 10 years, my brother’s property has gone up 3 times !! Vow!! – God does not make more of it anymore, so prices can only go […]