Yesterday a cousin had to convert a pension plan to an annuity, and he had sought my advise. He had an accumulation of a small amount to be converted. They had sent him a form to his residence – he had filled it up and brought it. The form was complete in all respects…so he […]
The way the media is talking about the mutual fund distributor, the common man must be thinking that the IFA or the ‘agent’ as is generally known must be a big, rich guy, right? No. Most, if not all are agents by force. The financial service industry is very class conscious and recruits only MBAs […]
I know of a friend who is about 45 years old and he has NOBODY in the world. A single child, his father was also a single child. His mother was a rebel who did not keep in touch with anybody at all. Now after his parents death he has nobody at all. It is […]
Was talking to a cousin of mine about his investing. He said he had some ‘mutual fund investments’. When I saw it – it was appalling. He is very close but was not too forthcoming about why he had chosen such an array of funds. However he earns very well and spends almost nothing (comparatively) […]
Goal setting is something which now everybody seems to be doing. However it is not possible to do any kind of Goal setting unless it is internal to you! So why can I not set goals for myself like say a Mukesh Ambani (perhaps) does for himself. Simple – internal to me, but I am […]
Here is one more story on attitude towards money. A few days ago I attended a function – a sangeet function for a friend’s daughter’s wedding. Here was a gathering of rich people…some rich and showing off, some rich and not showing off. Met an old friend who introduced me to another old friend (Europe […]
What are the secrets of a successful insurance agent: (the insurance agent normally means the life insurance agent). These are the characteristics that the insurance company expects to see in a successful life insurance agent. His long term performance does not matter at all – there are Managing Directors who use techniques which are good […]