“No ulip has given REAL returns in the past 10 years” – said one analyst. I have no clue about the accuracy of this statement. His argument was even for those who started in 2002 and were in the boom, only HALF their money participated in the boom (thanks to the high charges). When the […]
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. […]
I recently wrote a piece on ‘Make your own financial plan’ – this appeared on yahoo finance and some of you may have read it. What is amazing is the response that I have got for the same. Largely saying the following: – future is uncertain, SO DO NOT PLAN. – equity markets are too […]
Well this is not about Animal farm. It is about the state of the life insurance industry in India. Let us see the imaginary conversation between the LIC and Ministry of Finance. LIC: Good morning sir. Here is a cheque for the IPO Government Nonsense Ltd.’s public issue for Rs. 8000 crores. I hope the […]
Either I am being very touchy about ULIPs or Endowment plans in general or too many pro-ulip articles are appearing in the print media also. The big worry about using numbers in an example is to know enough about statistics – mean, median, mode, standard deviation and NOISE. Noise is the distortion that is caused […]
Recently a friend of long standing (2nd standard if I am not wrong) commented that my column should be a part of a newspaper and titled ‘Malice towards one and all…” a column which only people born in the 1960s would remember I guess. When ITC (cancer), McDonalds (BP) and Pepsi foods (Diabetes) talk about […]
I recently saw a post which said ‘Alert Investors already know about ULIPs’. Amazing half truth :). Once upon a time Arun Shourie said “In India what you say depends on where you sit”. This is so amazingly true – look at the Women’s Bill. BJP says it supports the bill, Congress says it wants […]