Brilliantly written. It is not a rant but frustration against shit selling
I myself have corrected investments of more than 10cr in my close friends / family circle to avoid all those high pricey irrelevant funds/ insurance policies. And that too when I am just an individual.
Seriously, this is the best ever article I have read in a few years other than the shitty propaganda. It is high time to stop taking the risk of Fund Managers. One or two market indexes (and purchases into those index aligned funds) can serve that purpose way better.
My Relationship Manager at the second largest Private Sector Bank in India started hating me when I started saying "No". They downgraded my relationship level from "Wealth Banking Customer" to "Privilege Banking" citing a "Policy Review & Re-tiering of Relationships". I couldn't close the account because it was my Company's preferred Bank for salary payments!
Recently ICICI Bank tried to sell me ICICI Pru Life Insurance guaranteed insurance plan. I was very well aware of miss-selling by Banks and outright I said NO to them.
A good read for all DIY investors out there.
Brilliantly written. It is not a rant but frustration against shit selling
I myself have corrected investments of more than 10cr in my close friends / family circle to avoid all those high pricey irrelevant funds/ insurance policies. And that too when I am just an individual.
You doing such a great job! More power to you ...
Seriously, this is the best ever article I have read in a few years other than the shitty propaganda. It is high time to stop taking the risk of Fund Managers. One or two market indexes (and purchases into those index aligned funds) can serve that purpose way better.
My Relationship Manager at the second largest Private Sector Bank in India started hating me when I started saying "No". They downgraded my relationship level from "Wealth Banking Customer" to "Privilege Banking" citing a "Policy Review & Re-tiering of Relationships". I couldn't close the account because it was my Company's preferred Bank for salary payments!
Wonderful read as always. I learned to say NO over the last few years. Now my relationship manager and LIC agent do not like me !!
Recently ICICI Bank tried to sell me ICICI Pru Life Insurance guaranteed insurance plan. I was very well aware of miss-selling by Banks and outright I said NO to them.
Thank you! Your articles serve as a regular refresher/reminder and help us stay vigilant in this financial world surrounded by crooks.
You hit the hammer on the head and you pull back no punches, well written and eye opener.
wonderful,write down 10 sentence ONLY book for Personal Finance Solved
Have been reading your content since long.One man army against misselling AMCs and Insurance agents.Hats off.