I do not know much about the other industries, but the financial services industry has a lot of interesting behaviour… The life insurance industry had a product called Classic Endowment Policy. This was a compulsory saving and risk cover product where the returns were a function of how well the fund was managed, how the […]
The number of school teachers in the country is quite a large number – surely runs into tens of millions. Is it surprising that there are no websites or books meant for teaching investing to school teachers? No. Actually it is not. School teachers in India (on an average) are paid pretty badly and do […]
Not sure how many of you even remember the big printed (8-9 pages) airline tickets (not too long ago – 2002 it was still in vogue)…the travel agent (without whom you could not book the tickets), the discounts of 8% that the agents gave (to people who asked!!), or the free ticket for the wife […]
Aamir Khan did a story in Satyameva Jayate where he painted the doctors black. He said: there are huge (50%) kickbacks generic medicines are not prescribed, only branded ones are doctors perform unnecessary operations. Let us take the case of other professions: Chartered accountants, insurance agents, etc are also accused of kickbacks unnecessary complications in […]
Well none of us know what next…but let us look at the crystal ball: – we are at 16,200 on the sensex as I write this post. Do not rule out a 25% jump in about 12 months time – which is more than 3 years yield in the debt market. – we all knew […]
You may have read it earlier. Elsewhere or here itself. It may have had a different title, but the principles remain the same. Let me tell you the MOST important investment steps: 1. Learn, know and Understand YOURSELF: This is not so simple. Just too many people I know will say ‘I have to make […]
A bank needs more money to be lent onward. A life insurance company needs to sell more life policies, a mutual fund needs more assets to manage… So what can they do? Well a bank can increase interest rates, improve the services, give you more services, give you a locker, create better products….etc. etc. However, […]