If you are a Senior Citizen, everybody wants a piece of your money, so life is not easy. Having said that even if you are not a SC there are a lot of people who want all your money, what do you do? First of all, we all need a bank account, so it is […]
Making money from senior citizens is so easy, it is like …well easier than taking a candy from a child. The child may at least cry, the senior citizen does not even know what has happened! The worst thing about aging is being in denial mode. For all of us at some stage the brain […]
The most important thing about a regulator is he speaks in the language of the MOST powerful player. Period. So if it is RBI he will speak in the same tone as State Bank of India. If it is Insurance, it will sound like LIC and in case of mutual funds it used to be […]
Maybe because I am in finance or for whatever reason many people tell me stories of financial fraud. The most dangerous are the ones involving finance and Senior Citizens. Story No. 1: One senior citizen without too much knowledge of banking processes and documentation asked his close relative to withdraw money from the bank. […]
10 Basic Retirement tips – long forgotten! You have heard them all, have you not? Start early, save regularly, investing in fluctuating assets like equity when you are young – then shift to bonds by the time you are 55…etc. However what use is this advice if you are 53 already? And suddenly it dawned […]
At the outset let me clarify – this post was not triggered by Aamir Khan’s Satyameva Jayate. I was told that the participants were nicely picked up from their homes, put up in a nice hotel, treated very well, given gifts – and they were overall very happy! Be that as it may, this […]
Yesterday I was hearing the story of a man who supported his 5 sisters (one of them widowed) almost all his life. Typical government employee he had an irresponsible father who had 8 children. The son qualified as an engineer and joined government service. Then it was up to him to support his father through […]