Believe me, buying a financial product is as traumatic as sitting with a doctor and discussing a report saying you have some killing illness. I am connected to many CXOs in the financial services industry and there is perhaps not one brokerage firm that has not offered its services to me. Among other accounts I [...]
Every channel, magazine and blog tells you to buy Term insurance…right? Now the industry is much, much smarter than the customer – so they have come up with many, many variants of term insurance! More about that later…but let us see what gives you comfort: 1. Buy term insurance on the net: it is the [...]
Financial Planning for a well qualified, salaried individual is fairly simple. If he does not jump around too much – has one/ two kids, buys a house, car, pays for an occasional holiday for his parents….then just do a couple of SIPs, take a term insurance, and well life is done. However, if you have [...]
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. [...]
“Subra, I met this Financial Planner and he has offered to do my financial planning for a fee of Rs. 24,000 – I can afford it, is it worth it?” was a call that I handled this week. I said: Gee, frankly I do not know. It takes a great mind to say “I will [...]
When I wrote in 2006 ‘you should take a term life insurance of Rs. 1 crore’ many people wrote to me saying: – he must be a life insurance agent – this is not for the middle class…how can we pay thousands of rupees premium? – if we put all our INVESTMENTS in life insurance, [...]