Tweets on 2008-12-29

Posted 5 CommentsPosted in Finance

The more I read about and observe the economy, the stronger is my belief that you should, THINK hard about and then WORK on developing an alternate skill or two (something that’s not directly related to the type of work you’re doing right now). The skill that you value so much right now will be […]

Tweets on 2008-10-20

Posted Leave a commentPosted in Finance

I was on the receiving end of this call today morning: Good morning. I am calling from MetLife India Insurance Company. We have all kinds of insurance policies…ULIPs, whole-life policies, endowment policies, money-back policies, and children’s policies. Would you be interested? All the products quoted above make the insurance company rich — because insurance as […]

Tweets on 2008-09-25

Posted Leave a commentPosted in Finance

I’ve previously dissected Bharti AXA’s AspireLife Unit Linked Life Insurance Plan and found it to be a terrific example for bad financial jargon, lame financial products, and lame advertising — in short a toxic financial product (as most ULIPs are). A recent issue of MoneyToday carried an ad for Bharti AXA’s Life AspireLife Unit Linked […]

Tweets on 2008-07-09

Posted 3 CommentsPosted in Finance

I have a very interesting fact to share. My mom, who did not have the opportunity to study beyond Standard 10, manages expenses such that they are well within her budget — happens like clockwork every month. On the other hand, I have a post-graduate degree, yet wage losing battles to keep my expenses within […]

Tweets on 2008-07-04

Posted Leave a commentPosted in Finance

You should do this today. Right now. You can take preventative action right now to make the loss of a wallet easier. Just clean out your wallet down to the bare minimum, then photocopy or scan both sides of everything in your wallet. This will help you to easily remember everything that was misplaced and […]

Tweets on 2008-04-01

Posted Leave a commentPosted in Finance

Logged into my ICICI Bank account today morning in order to execute an urgent intra-bank transfer. Was greeted with the message: On account of our financial year end, this service will not be available till 15:00 hours (IST). Why should customers be inconvenienced just because a financial year ended? Can’t you close your books in […]

Tweets on 2008-02-01

Posted Leave a commentPosted in Finance

From Moneycontrol: Emaar MGF Land, a joint venture between one of the world’s leading real estate companies, Emaar Properties PJSC of Dubai, and MGF Development Limited of India, has refixed the price band to between Rs 540 and Rs 630 per equity share of Rs 10 each from the earlier price band of between Rs […]

Tweets on 2008-01-17

Posted 5 CommentsPosted in Finance

Crowds consists of irrational, emotional humans. We are slightly-cleverer pants-wearing monkeys. We do very dumb things when pursuing the bananas. We have not evolved to understand capital market risk. We are optimistic by nature, and tend to ignore the negative, until its staring us right in the face and cannot be denied. Then, we (irrationally) […]

Tweets on 2007-12-02

Posted Leave a commentPosted in Finance

Here’s a snippet from the latest issue of Outlook Money: Following the recent judgment by the Delhi State Commission fining ICICI Bank Rs 55 lac for using goons to recover a vehicle loan, the bank had decided to cut down on small-ticket loans. Says a senior general manager at ICICI Bank, We have cut down […]

Tweets on 2007-11-23

Posted Leave a commentPosted in Finance

We have seen two different patterns; the Japanese investors are still sending in the money, the Korean investors seem to have pulled out some money. Source: Moneycontrol India. Either the Japanese know something [about the Indian equity markets] that the Koreans don’t or the Koreans know something that the Japanese don’t. But what about you, […]