While filling up a Mutual fund form you are filling up an OFFER DOCUMENT – the mutual fund is making you an offer and you are filling up the form and giving a cheque. If your cheque goes through, the CONTRACT IS COMPLETED. In case of INSURANCE, you are filling up a PROPOSAL FORM – […]
George Orwell. Not a name that many of today’s kids are familiar with. This guy George wrote two books – both became famous. One was a satire on Russia – ‘Animal Farm’. The most famous dialogue in that book was ‘All pigs are equal. Some pigs are more equal than others’. Last week (mid Aug) […]
About 6 months back I had a long list of shares to buy…rather discuss with my broker..let me share some of them.. 1. I thought Reliance was a great buy at Rs. 1150…he said hold on, do not be in a hurry. Today it is sub 800. 2. I thought Tata Motors at 1000 was […]
As soon as the horse bolts it becomes necessary to bolt….so we now will talk about REGULATING the wealth management industry: Let us see what can be done: – all wealth management contracts should be 43 pages and have 86 signatures. – if it includes Mutual funds, the trail commission that the wealth manager can […]
Many organisations have a designation called the ‘Wealth’ manager. I have often wondered about the enormity of this task. You really have to be a friend of the client and you actually need only about 30-40 clients of good size to make a decent living. How is a wealth manager different from a Financial Planner. […]
Let us play a game – in school and college we used to call it True or False. Q1. If a person is well educated he will be good at managing money. Ans. FALSE. Completely false. Why do you expect a doctor or an engineer to be suddenly good (or bad) at managing money? No, […]
Is the market going to go up or go down? Well we all have tackled this question in many ways..here is one more! One ‘Wealth Manager’ came to me recently with a PMS scheme which gives me a 12% assured return (over 3.25 years not annually) – and this fund will invest in a mix […]