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, […]
When people read my blogs they may be getting a feeling that I do not watch TV at all. I do. I have a very old TV – and the clarity is not too great, caveat. I make it a point to watch ‘Comedy Circus’ and I guess it is an amazingly good program, and […]
The slowdown in the economy, SEBI and IRDA never ending and ever changing regulations, falling margins, better opportunities elsewhere….are all reasons why the agents seem to be consolidating. Many wealth oriented people are hoping that the clients will understand the need for Medical and Life cover insurance. Typically my suggestion is for people to buy […]
Whenever people ask me ‘I have made this investment (life insurance policy, mutual fund, equity shares, house -does not matter) – should I keep it or should I sell it? Immediately they tell me the cost….paid Rs. 6L premium for 4 years, bought this house for 73 lakhs, …and now the value of the portfolio […]
Generally investment managers emphasise a lot on financial or money management for all the people they meet. This is of course nice, their job depends on the assets under their management, so they should do this. Let us look at it from the ‘investor’ or ‘client’ ‘s point of view. When you are young (say […]
Thanks to my style of writing many people ask me ‘What should be the strategy of investing for a small investor’ – the answer is simple. However we are Indians and we do not like simple things. If you have a brilliant mind, and think you can make money in your profession, and managing money […]
I was not sure whether to call these investment myths or investment myths, so decided to call them middle class myths! 1. LIC is a good investment: Most (if not all) bought LIC’s products as a method to defer or save Income tax. They did not think of life cover, returns, or anything else. In […]