In 2003 a young MBA joined a big bank…..and when he joined there was a big cabin which was kept vacant. When he asked he was told ‘Mr. Risk’ sits there, he has gone on leave. The whole of 2003 that cabin remained unoccupied. So our hero did not see Mr. Risk for the whole […]

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Have you wondered why people make mistakes while buying financial products? Well here is what I think: 1. Products are complicated: Most financial products are complicated. This is absolutely necessary so that the charges can be well hidden. 2. Salesmen are always in a hurry: This is easy to understand. They are paid for closing, […]

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Last week I happened to meet a lady who is an IFA. She has been selling LIC policies for the past 10 years and has also added mutual funds, government schemes, general insurance, to her portfolio. She lives in a society that has about 130 houses and many of them are her customers. She does […]

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