As a business if PMS has to sound reasonably profitable the minimum size of the portfolio should be at least Rs. 10 Million (Rupees one crore). Why am I saying this? Well if I have to meet a client 2-3 times a year, take his phone calls 12 times a year and get my staff […]
Advantages of PMS 1.Personalised asset allocation. The portfolio should be based on your personal investment goals. It would not be just a general strategy like “growth” or “income.” Thus the money that you need in 6 days would be in a savings bank account, money that you require in 6 months in a floater account, […]
If I asked you what is common to Harshad Mehta, Ketan Parekh, Hometrade, Madoff, ‘Sir’ Stanford…you will find the answer very easy, correct? All of them played with other people’s money and defrauded millions…What was common to their victims? None of them played with small people’s money. The victims (yes there were some small people […]
If you have wondered what are soft commissions here is the answer. There are some legitimate expenses and some not so legitimate expenses. Soft commissions are what sales people call ‘entitlements’. It could be in the form of a contest – the top 100 winners go on an all paid trip to South Africa, Goa, […]
Recently a friend passed on an article by Ajit Dayal – Evolution of the barber – or something like that. To summarise the article Ajit had said when he was young he went to a barber he said “chop it off” and the job was done. However today the barber tries to sell you gel, […]
Well frankly I do not know whether it is a good time to invest in gold or a great time to get out of gold. But let us look at the obvious reasons to buy or sell. Obvious reasons to buy: 1. The world is busy printing money so value of currencies will fall but […]
This is an amazing first hand story in the brokerage business. Once upon a time not long ago I happened to be associated with a stock broker who was the 3rd generation stock market broker. He was the Chairman of a brokerage company which we had floated to become a member of the National Stock […]