Friday 30 April 2010

Commissions pocketed by Insurance / Mutual Fund Agents


Commissions pocketed by Insurance / Mutual Fund Agents

Some interesting info from one of my favourite blogs - Jagoinvestor.com - To avoid any unintended misunderstanding regarding plagiarism, I'm straightaway sending you to the original links!

All about commissions earned by
(Source: Jagoinvestor.com - Do keep visiting their blog from time to time. Lots of useful gems!)
Interesting, to say the least. Shocking, if you have been thinking that you're hardly paying anything to these guys. Just imagine the actual service that you ought to be demanding from these blokes!

Regards,

N

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Thursday 29 April 2010

Life Insurance Basics



Life Insurance Basics

A few days back, I happened to have two brief conversations with a couple of friends - Both of them intelligent individuals with significant professional achievements to their credit. As luck would have it, both of them were asking for my suggestions regarding life insurance products - thus far, it was OK and normal. What was rather surprising was:

1.      Both wanted my opinion on specific products which were identified for them by "a friend" in one case and by "a tele-marketing guy" in the other instance. And neither "suggestors" - if I may coin such a term - had done any in-depth study of the specific requirements of my friends, if any.
2.      Both my friends were open to the idea of considering committing their hard-earned money (and part of their future income - after all, this would become a regular annual commitment) based on the suggestions received.

Considering the situation prevailing around us, perhaps I'm being naïve to be surprised by the above.

The nature of queries prompted me to post some quick facts about the need for and the method to be followed to choose an appropriate life insurance product.

To know more details, you may download this 4-page article. Do read on:
Regards,

N

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Monday 26 April 2010

Law is an A....


Law is an A.....

We've all heard the adage "Law is an A...."

I just came across a wonderful article highlighting one more instance of the above adage. Read on:

Please be forewarned about this new rule about TDS for non-submission of PAN Card. And take care!

Regards,

N

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Monday 19 April 2010

Triggering the Stop Loss!!!


Triggering the Stop Loss!!!

There are times when a "copy and paste" job provides just the right material for an interesting post.

Here's one such case, from a mail that I received from a Yahoo group of which I'm a member.

Apparently, it is a mail that has been forwarded enough number of times for us to be unsure of the original source.

Read on:
........... ............ .............. .......... .................

A wonderful explanation when to trigger the stop loss. This is taken from a mail forwarded to me by my friend in a broking house. If posted in past, please pardon me for re-posting.
Amit Shah I recently went to Hoshiarpur in Punjab (my in-laws).
A beautiful sleepy countryside paradise called Bachchauri.
In front of my in-laws house there is the house of a rich, educated and witty farmer who is very fond of discussing stock market with me whenever I go there.
This time we were discussing "stop loss".
We were standing near a neat and clean shed of 12 Buffaloes, all gleaming black like Cadillacs in a showroom!
All of these buffaloes had sharp horns!
Fortunately they were tied to pillars with ropes around 2-3 meters long!
"What would be the stop loss for you while in front of a Buffalo?" my farmer buddy asked me, tongue in cheek!
I looked in his eyes. "what kind of question is this?" I asked with a smile.
"Come on, tell me!" he insisted.
"First tell me, what can act as a stop loss for a charging buffalo?" I asked.
"when I shout the buffalo's name to her she dare not move an inch thereafter" declared my friend. "Now, tell me, what would be the stop loss for you while in front of a Buffalo?"
"Ok, in that case, I can take this hypothetical case" I retorted. "Look, my stop loss will be placed at a distance of X meters from the pillar from which the buffalo is tied up"
"What will be that distance?" he again quipped.
"It will be the length of buffalo + the length of the rope in her neck + length of her horns" I replied.
"what if the rope breaks?" he challenged!
I was not expecting this!
"What do you mean 'the rope breaks'" I asked.
"I mean where will you place the stop loss if the rope breaks?" he asked again. "Will you wait to trigger the stop loss expecting the buffalo to behave logically or will you trigger the stop loss?"
Both of us laughed our heart out!
He had conveyed the message he wanted to.
"When you don't know what is happening and the things have crossed your expectation limit, trigger the stop loss, for heavens sake!!!"
Regards,
N

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