This is a pure humor column…figures are completely wrong, but I guess the trend is correct…. 150,000 people selling mutual funds (read as UTI), post office products, etc…. Exam introduced by SEBI (people wrongly call it the Amfi exam) 10,000 people selling UTI products Exam introduced in Hindi 85,000 people have passed the exam…now it […]
Regulators have a terrific ability to speak the language of the most dominant player. Have you observed that? When Hdfc Standard Life Insurance came out with ‘riders’ – fairly obviously some riders were priced more than the death main clause (will not go into the reasons here). This meant you could take a ‘Term life […]
USA has completely different problems compared to India. The local population just does not save enough. Of course many of them cannot save but just too many of them do not save, but they play lottery. So if you want to make the Americans save, you need to give them lottery tickets for opening a […]
When people talk to me about retirement – they compare themselves to their parents. There is a large population that has already got it wrong. I met 2 people who have crossed 85 years – BOTH said ‘I thought I will die at 76-77, my father died at his age of 74, I did not […]
Old age, death, retirement, are all very far away in life. Life is fun. You have just started earning, why should you start financial planning? And for heavens sake at the age of 23!? Well read on. Most 23 year olds are different. Most of them have financial needs that differ materially from those of […]