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Confessions of a Wealth Manager

Discussion in 'Snippets of Life (Non-Fiction)' started by shaishav, Oct 6, 2011.

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  1. Oct 11, 2011 #11
    shaishav

    shaishav Silver IL'ite

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    Hi rgs,

    I am sure most of the viewers of this post would have already experienced this if they have bought financial products through their banks.

    Corrupt should be out of everybody's dictionary...

    Regards,

    Shaishav
     
    shaishav, Oct 11, 2011
    shaishav, Oct 11, 2011
    #11
  2. Oct 14, 2011 #12
    AkilaMani

    AkilaMani Local Champion Staff Member IL Hall of Fame

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    Dear Shaishav,

    Congrats!! and best wishes for many more to come :)

    Akila
     
    AkilaMani, Oct 14, 2011
    AkilaMani, Oct 14, 2011
    #12
  3. Oct 14, 2011 #13
    raji2678

    raji2678 Gold IL'ite

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    Nice post. You are a honest and brave person, and thanks a lot for sharing valuable info. Wish you a nice career and happy married life.
     
    raji2678, Oct 14, 2011
    raji2678, Oct 14, 2011
    #13
  4. Oct 14, 2011 #14
    shaishav

    shaishav Silver IL'ite

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    Thanks Akila..
     
    shaishav, Oct 14, 2011
    shaishav, Oct 14, 2011
    #14
  5. Oct 14, 2011 #15
    shaishav

    shaishav Silver IL'ite

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    Thanks Raji, I am sure this will help you decide how to deal with the wealth managers employed with banks...Let me know if you need any suggestion for investment..I would be more than glad to help..

    Regards,

    Shaishav
     
    shaishav, Oct 14, 2011
    shaishav, Oct 14, 2011
    #15
  6. Oct 14, 2011 #16
    blissofmylife

    blissofmylife Silver IL'ite

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    Shaishav,

    That was thoroughly honest post!!! Looking forward to, more such information on your posts. All the Best!!
     
    blissofmylife, Oct 14, 2011
    blissofmylife, Oct 14, 2011
    #16
  7. Oct 16, 2011 #17
    CHABOLU

    CHABOLU Platinum IL'ite

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    Yor are correct about these bank employees. I am a retired person and whenever I go to the ICICI bank, where I have my A/c the dealing officer always tries to sell their ULIP Policy. But I know the racket of selling the policy by the concerned staff and i polotely decline everytime. Once he he was asking me to take some scheme which will mature in 15 years. I lambasted him. I am already 61 years of age and he was forcing me to take a plan which will mature in 15 years. who will know what will happen to me in those 15 years. Such is the state of affairs in Banks
     
    CHABOLU, Oct 16, 2011
    CHABOLU, Oct 16, 2011
    #17
  8. Oct 17, 2011 #18
    shaishav

    shaishav Silver IL'ite

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    I was a part of such group some years back but opted to drop out...For you I suggest everything needs to be in fixed deposits or post office monthly income plan.

    Today I saved 18,000 for one Ilite by suggesting her not to buy the policy she was almost going to buy. I am happy...My day is successful.
     
    shaishav, Oct 17, 2011
    shaishav, Oct 17, 2011
    #18
  9. Oct 17, 2011 #19
    CHABOLU

    CHABOLU Platinum IL'ite

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    I forgot to congratulate you for having bagged the award for the finest blog entry. My hearty congratulations. I have put most of my retirement benefits in senior citizen schemes, fixed deposits and about 6 lakhs in post office MIP. But I committed the mistake of putting 3 lakhs in MF MIPs. and 1.5 laks in diversified equity schemes. Now they have all gone to dogs. i will have to wait for another 4 years. No problem. Any way Reserve Bank is giving substantial amount as pension every month. So no problem.
    You are doing a great service by educating people about achieving their finncial goals. hats off to you:bowdown
     
    CHABOLU, Oct 17, 2011
    CHABOLU, Oct 17, 2011
    #19
  10. Oct 17, 2011 #20
    Sofea

    Sofea IL Hall of Fame

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    This is a really good post Shaishav. Congratulations for winning the best blog of the week. This blog truly deserves the award! Not only did you explain the tactics used by certain bank officers to clinch the desired sale of policies, but you also enlightened us with the need of a financial planner to manage our money wisely. In today's world where investment and insurance policies seem to be mushrooming everywhere, it's vital for one to know how to invest their money in the proper channel. Thank you for the wonderful food of thoughts :)
     
    Sofea, Oct 17, 2011
    Sofea, Oct 17, 2011
    #20
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