Or Why you do not need an investment consultant ! If you need bypass surgery, you should find the most qualified surgeon available. If you’re getting sued, you should hire the best defense lawyer in town.These 2 are fairly obvious and I do not think you can do your own root canal surgery, brain surgery […]
I do many of these things and keep wondering how to charge for it…However if you do have a FA he should do the following for you: 1. Do not choose that instrument: He should have the guts and knowledge to say what kind of financial instruments YOU as the client should not touch. This […]
When a salesman (by whatever name called – Financial Consultant, certified financial consultant, financial advisor, relationship manager, etc.) he feels he should get more commission than what he is currently getting. However, his immediate manager (from the manufacturer’s side or in his own company) feels – I helped him, so I deserve more credit. The […]
Question: I’m a 56-year-old teacher and my husband recently passed away. I own the home in which I live, but do not have a pension or any investments. All my monies are in public provident funds, national savings certificates, and bank deposits. However, I will receive Rs. 20 lakhs from my husband’s life insurance policy. […]
Advisor: Sir Please make this investment, it will get you great returns. Client: How much will it give? Advisor: Sir it will give at least 15% return over the next 5 years Client: That is not exciting. May I have something better… This is such a normal conversation, that I cannot even believe what is […]
A Very good Poker joke is “Look around the table. If you are not able to find who is to be had that evening, it is you”. Similarly when you are with a professional and you do not bother to find out how he is compensated, frankly, I do not think it is the advisor’s […]
This is arguably the most important financial decision in your life you will ever make! Not too long ago life was simple. You wanted a bank account, you went to a bank. If you wanted to buy shares, you went to a sub-broker (a broker was out of reach till about 15 years back). If […]