So many people ask me this question that I can reply without much thought….. Well to start with, 1. Do not open with a broker: I know how a broker used client A’s share to do a pay in for client B. It is a matter of relief that the shares were replaced next week, […]
Good morning Mr. Subramanyam, this is Mr. A Saxena from Metlife Insurance company, can I speak to you for 5 minutes? Me: Yes please go on… Saxena: Sir you have 3 policies of Metlife which has expired, and ML has returned only Rs. 25,000 to you. Actually you have paid Rs. 125,000. We found that […]
Why does the government need so many banks? With different names, multiple branches, multiple ATM booths,….but essentially doing the same work. The metros are over banked – seeing 4-5 branches in a small road is a given. Well the reasons are simple. If there is a Rs. 10 crore fraud in a small private sector […]
Subra, my money is safe, I bank with a mnc bank. They have fantastic internal systems, audit, well paid and well trained people to look after my money. They have a fantastic ……. Really? And I have dealt with banks, insurance companies, mutual funds, IFAs, ….and I know this is a wishful statement, not true. […]
I do financial planning at a more philosophical level than most other planners. I largely look at my ‘job’ of helping people help themselves. This of course is NOT a good business idea, and does not make any sensible money, but so be it. Recently a reader turned friend had asked me to review his […]
A few days ago I had posted a chart showing how the claims settlement ratio looks like in life insurance in India. LiC was at the top with about 97% and some of the newer firms were at the bottom at 50%. Of course it was a play on numbers and for the common man […]
here is a letter that I received..if it were true, I could have paid a dollar for everybody clicking on my site…alas, i think it is one more junk mail..but it makes interesting reading, does it not? read on: How are you today? I must say that I have enormous respect for you considering […]