Not sure whether to be in the same league as Azim Premji is a good thing or not… Long ago when Rs. 30 lakhs could have bought me 2-3 flats in Ghatkopar I had to make a payout to my customers…and my broker defaulted. I tried all legal methods to get money out of him [...]
Ever wondered what is Market Stabilisation Scheme? In 2002-4 the Rupee started strengthening. This was because of the amount of foreign currency that came into India for being invested. This put a lot of pressure on the Rupee – and the strengthening hurt the exporters (remember the great software industry which did not tell you [...]
‘Life insurance is a solicitation business…..’ well no comments! Now Hari Narayan wants the agency channel to close down and only the bancassurance business to survive. Completely from my portfolio point of view, I am very happy. Banks are in a great position to know what you do with your money – and they have [...]
No this is not an article of whether you should buy life insurance from a bank or from an agent…it is just leading to an article on MoneyLife. Agents tell me ‘we cannot sell a wrong product to the customer, because we have to go to the same guy again and again, but bank managers [...]
I had done this post on Moneycontrol long back… Immaterial of whether you are in your 20′s or in your 50′s and you are looking at an investment you should know some of the basics of investing, so here it is. By and large at some stage you must have been approached by some investment [...]
Head held high, eyes on the stars, nose to the grind, ear to the ground, money where the mouth is, tongue tied, chest out, feet on the ground, have you tried doing all this simultaneously? Really tough…stop listening to the experts! It is a whole long list of lies that I can enumerate (some American, [...]