Are you in Denial mode regarding your retirement financial needs?
I cannot comment for every one, but too many people I meet are in denial about their financial needs for retirement. Most of us do not want to accept that we will buy 3-4 washing machines, air conditioners, refrigerators, maybe about 2-5 cars, at least one [...]
Media loves to bash the financial advisors. The main accusations about FAs are – they sell products which the clients do not need, they sell products which have the highest commissions, they do not know all that they should know….etc.
Let me now bat for the FA. A good FA should be well qualified (let us [...]
In all my financial interactions – be it planning for clients, training, teaching or writing, people have come to me with some problem which they think is unique. In all the financial problems, I am able to find a pattern. Believe it or nor, people more often than not choose the problem by their behavior. [...]
Or Why you do not need an investment consultant or an Investment Advisor !
If you need bypass surgery, you should find the most qualified surgeon available.This need not be the most expensive surgeon. Some surgeons are better at PR so they command a higher price. Some surgeons are good but in smaller hospitals. You need [...]
Darren Gough and IPL – yes you can see some connection, but can you see the connection between Darren Gough and Financial planning? Well neither could I…but here is the connection. Telegraph , UK did an interview regarding Darren’s financial habits – and it was interesting. Nothing flamboyant. His best investment he says – is [...]
In one of those financial planning classes somebody asked me this question. It is quite an easy question to answer, but a difficult answer to understand.
For different people it means different things. If you wish to own a Mercedes having a spare Rs. 80 lakhs to buy and Rs. 50,000 per month to spend on [...]