Some of the great classic advice that you will hear in an economy that slows down are the following: 1. Shift to cash – it is safe, at least it will not go down! 2. If you must invest, be safe get into gilts – it is almost capital protected, interest rates can only go […]
If you are a reasonably well off individual living in India’s metros, at some stage a “relationship manager” or a “wealth manager” would have approached you with an offer to “manage” your wealth. You may have recoiled in horror, or been pleased that somebody thinks you are now in the “wealth” category. However, do not […]
The distributor of financial products – Call him an agent, advisor, consultant, …or what have you, but he is representing the manufacturer and has a role to play. Clients should expect good quality feedback on the happenings, not necessarily express speed. All websites today carry an article on the RBI rate policy. Expect a detailed […]
What is wealth? And what is having a wealthy mindset? I could have easily adopted the text book method of defining wealth – and there are many available. Instead let us look at mindsets. It starts from the basic question of “Why do we borrow?” Most of us will today not need to borrow to […]
SIP creates wealth in the long run, however it gives no immediate gratification. Equity trading (what the common man thinks is investing) gives immediate gratification and does not create wealth for the client. The broker wants him to trade so that broker’s wealth goes up. So what is the solution? Sell SIP in equities as […]
I could have easily adopted the text book method of defining wealth – and there are many available. Instead let us look at mindsets. It starts from the basic question of “Why do we borrow?” Most of us will today not need to borrow to buy a VCD or a television (did you note we […]