Many clients, students, readers and friends call back saying “This xyz person is offering me 36% returns on life insurance policies” is it possible?” Sometimes they send me a mail…and the company could be anything from A to Z… My answer has been “The fact that you are asking me shows you do not [...]
Today sadly, there is no pension plan which meets all your requirements. For example Templeton and UTI (both asset management companies) have a pension plan – and it is a one size fits all type of a plan. Typically a pension plan should have various options at the ACCUMULATION stage – when a person is [...]
Look at some of the excuses that people give for not making a will: – I have a lot of money, but so do my kids. They will not fight for Rs. 50 lakhs. So true. I heard of a family which fought for Rs. 50, 000 crores, I am sure you did to! – [...]
No this story is not about greed. There was a farmer who had a hen that laid golden eggs. The farmer was a bit of a miser. He looked at the hen and thought – all the expense is because of the front side – and all the income is because of the back side. [...]
While filling up a Mutual fund form you are filling up an OFFER DOCUMENT – the mutual fund is making you an offer and you are filling up the form and giving a cheque. If your cheque goes through, the CONTRACT IS COMPLETED. In case of INSURANCE, you are filling up a PROPOSAL FORM – [...]
When I see today’s youngsters – I of course find them restless. Yes, young and restless you have heard…but why young and so called ‘riskless’ ? Well for those who took up a job in 2007/8 (means born in 1985 or later) markets have not been a great – at best it has been lukewarm. [...]