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Confessions of a Wealth Manager

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

  1. shaishav

    shaishav Silver IL'ite

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    Thanks a lot...If you are not facing any financial crunch so no problem in waiting for your equity investments. If at all you want to invest in equity at this age I would suggest you to invest the full amount in debt fund with dividend payout and start a Systematic Transfer Plan and move the full amount into equity diversified funds over three years. This will take care of the volatility.
     
  2. shaishav

    shaishav Silver IL'ite

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    Hi Sofea,

    Thanks a lot..

    How about sharing this blog entry with you facebook friends???

    Regards,

    Shaishav
     
  3. CountUrBlessing

    CountUrBlessing Bronze IL'ite

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    Im very surprised to read this blog. U really need high appreciation. There are very few people in the world who care for others feelings / money. Yes as you said we trust the concerned person who works only to acheive his target. Everybody's money is a hard-earned money and they trust to get genuine advise but in return they are getting cheatted.

    This blog is a real eye-opener for a person like me who is easily carried away by the agents selling policy's claiming to be the best in the market.

    Thanks
     
  4. spuppala

    spuppala Gold IL'ite

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    Really good one..but how to believe financial planners as well..As you said there might be people who want to sell products that make money to the bank and not to the clients...in order to achieve their targets...
     
  5. shaishav

    shaishav Silver IL'ite

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    Hi,

    Thanks for your appreciation. Just be careful when dealing with these guys.

    Hire a financial planner if required.

    Regards,

    Shaishav
     
  6. shaishav

    shaishav Silver IL'ite

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    Hi,

    Thanks for liking my blog entry.

    You should hire financial planner who charges a fees for the advice he gives you. A "fee only planner" does not make commission by selling commission. His only income is the fees he charges. Sometimes the fees can be as high as 15000 rupees for initial financial plan and 5000 per year for monitoring the plan. In the long run, this turns out to be cheaper as the products you buy is correct.

    This is how you will be sure that the products you are buying are good.

    Regards,

    Shaishav
     
  7. tigger

    tigger New IL'ite

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    No doubt about it that maintaining wealth has become harder than making wealth.Mutual funds and policies are risky and complicated as it is and it is even more hard to trust someone trying to sell them on phone. For the first time hearing the honest confessions of the person on the other end of the line was refreshing and informative but at the same time I have lost my trust on these phone calls or people trying to sell them some more.Thanks for sharing your knowledge.
    I bet you never looked forward to your weekends in that job with the weekly friday meetings and all ;-)
     
  8. shaishav

    shaishav Silver IL'ite

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    The word weekend was out of my dictionary for 10 months...
     
  9. jsuganya

    jsuganya Bronze IL'ite

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    very Informative post. Kudos to you for being so honest.
     
  10. jaya18752002

    jaya18752002 Silver IL'ite

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    thanks for your advice wish you good luck
     

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