There is Gen X which believes that the next generation – Gen Y – is the ‘entitlement generation’ . I have a slightly different view. The Gen X has in many cases exploited their parents – right from looking after their children, using their services like a servant, occupying their houses – there has been […]
I have never been able to say what is a fee that a planner should charge? there are people who should be charged Rs. 10,000 a year and some people who should be charged Rs. 10,00,000. This should NOT depend on the time spent, it should be based on: a. have i been able to […]
A financial adviser has to have the guts to ask the end customer (read YOU) some questions like the following mentioned here: 1. Your qualification is good, and your salary is great, but can you really make a 15 year commitment of EMI for the housing loan that you are taking – at your […]
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 […]
Hi my definition of a youngster – for this post – is those people born say 1980 and later. This post was triggered by a comment on the annuities post. Let me enumerate: 1. Most of these people started their working lives say from 2002 onwards. So from 2002 to 2007 they were told by […]
When I say ‘Retire’ just too many people think it means old age. Sorry wrong understanding. Retirement, let us redefine. Retirement is when you can do what you WANT, not what you MUST. You do not HAVE to earn to pay off the EMI. Or for paying for the kid’s education or marriage. Thus retirement […]
What Greg Smith said in his resignation letter about GS is not a surprise, is it? How many of you were ‘surprised’ at the tone or the content of that letter? Not sure how this is as a career move for him, but I guess it will work. He will be snapped up by many […]