When people read my blogs they may be getting a feeling that I do not watch TV at all. I do. I have a very old TV – and the clarity is not too great, caveat. I make it a point to watch ‘Comedy Circus’ and I guess it is an amazingly good program, and […]
Many people send me their portfolio and ask me to review it. These are the tell tale signs of a losing portfolio: 1. People who brag about their ‘success’ : One person who was so proud of his investment in one particular scheme. He said it had given him a 32% CAGR over the past […]
Have you ever wondered why people close to you – brother, sister, in laws, friends, cousins, colleagues, do not seek advice BEFORE they buy a financial product? It is my job to wonder why, so I do. Most of the people who consider me their financial adviser (or at least think I know more than […]
One hears that there are upwards of 3 million IFAs selling some financial product or the other. My take on this is – not more than 10,000 are in it by choice. Most of them would happily take up a job in the financial services sector. Some of them will not get a job because […]
There are many problems facing the mutual fund industry…in an interview with Dhirendra Kumar of Valueresearchonline.com Mr. Sinor of Amfi says “the biggest problem facing the mutual fund industry is the mis-selling by the distributor”. This is a little amusing. The insurance regulator and Sebi regularly make noises about mis-selling, however Amfi and the Life […]
One young couple came to me recently wanting to do some ‘financial planning’. Their idea of ‘fp’ was they could give some haphazard information (either for want of data at their end or not wanting to share the data, LOL). They were not too keen to fill up a word document, an excel sheet, collate […]
While doing a risk review of a portfolio, I stumbled on a portfolio with 55 mutual fund schemes and 52 direct equity investments. When the investor asked me what was the risk, I said there was ‘concentration’ risk. I also told him he was running the risk of ‘over-diversification’ . He asked me to speak […]