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Simplicity — in a world full of unwanted complexity — is a theme I have been exploring from the past couple of months. Trent, over at The Simple Dollar, makes a great statement with respect to investment philosophy:
The simpler you make your investments, the better.
What do you think? Anyone bought into ULIPs (Unit Linked Insurance Plans) lately? If yes, do you understand its fundamentals? In my opinion, ULIPs are right up there with sub-prime mortgage-backed CDOs (collateralized debt obligations) as Investments of Mass Destruction!
The DNC initiative seems to be a serious one if it requires this notification from RBI.
Incidentally, TRAI has advised us that the pace of registration of DSAs/DMAs engaged by banks with DoT is very slow. Banks are therefore advised to ensure that all DSAs/DMAs engaged by them register themselves with DoT as telemarketers at the earliest.
Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.