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FOLLOW THE FOOTSTEPS OF YOUR PROFESSIONAL ADVISOR
- Taking a shortcut, never pays off, staying invested for long will reap you better returns and also Don’t get Screwed Up With your life Insurance & specially with your Health insurance Policies By Misleading advertisements, by so called self proclaimed big names & Web portals. This is One of the Biggest Online scam, I have ever seen in my 30 years of Financial career. Data says, In India, 30 % Online trades are Misleading, giving false & fake information, fooling innocent people… Eating away their Hard earned Money..
- We feel so helpless for them Read Newspapers, TV reports, On an average, 1 company is rejecting valid claim of the consumer every single day. Making policyholders helpless & deprived of their truthful claim amounts & subsequently either to forgo that amount or to indulge in long court cases. Going to Ombudsmen, or filling case against such Errant companies are not so easy in India because of rotten legal system. We really feel pity for them
- The Biggest reason for such mass scale chaos is, People’s mentality to buy cheaper n cheaper products. Its very sorry state of mentality of Learned & matured people who also fall in trap of buying & bargaining Quality product at cheaper rate. But They Do Not forget one basic principle
- “NO COMPANY HAS ESTABLISHED THEMSELVES 2 SERVE FREE LUNCH” There is a big difference between Cost & Price. Many services may b low priced but may cost more while others may b high price but actually costs less. “ Price is a one time, initial going in outflow, where as cost is the over all outflow during the lifetime of the product
- The so called Big online portal are the worst of all, Advertising “ The cheapest of all “ …” Save Big Money ” Trade directly through us “….Invest Online “ Just to lure the Innocent customer to fall in to their trap…..But at whose cost ? Have you ever read the Fine Prints ? Have you ever seen any Branded Product Offering Continuous Discounts On their products ? Only Sub standard COMPANIES start their advertisements with “ HEAVY DISCOUNTS “
- Remove some wrong Myths from your mind that Buying Insurance or Investing Online in Mutual funds are cheaper …Yes : it has to be cheaper by . 5 to 10 % in Insurance Industry & 0.5 % in Mutual Fund Business ( Agents commission ) But more than that. Realize the fact that some important benefits like Expert Advise, Right guidance, professional approach & effective after sales servicing part are absolutely ignored & missing which reduces your initial price but increases your overall cost
- My Professional Advice is… Please… Do not “always” go for Cheaper product & less reputed companies Its nothing but Marketing Gimmicks . All such company’s Claim settlement Ratios is an Eye wash & After Sales Services are Pathetic & Once you are trapped in their vicious circle of cheaper price publicity. And By the time you realize the truth. You would have reduced your capital by half
- Lastly… Instead of Repenting later….Take a Right Decision of immediately changing your Service Provider to The Safest & Most Highly experienced & Reliable. They may be 10 to 15 % + costlier But their Products & Services are far superior…And their Service settlement ratio is nearing to 100 %
- Do not Hold Mutual funds for Short time to get good returns….Yes : Periodic intervention & reshuffling is must at every 3 to 5 years time to get optimum result. : But Its always advisable to hold it for much longer duration,
- Online mega sales offers Great Discounts…………No : Its just a gimmick, its a stock clearance sale, you get outdated products in such sales
- SIP is safe & Guarantee against Loss…………No : Its not 100 % safe, It moves with Market fluctuation, But it has an edge over all other Investment Instruments in terms of Returns & offers much better returns than any other mode of investments.. So yes...since SIP are for 10 -15 - 20 years. You are sure to get Jackpot of better returns
- Credit Card spending is a good habit…………Yes : Its the most convenient mode of making payment but excessive use & untimely payment of the same may leads to Debt Trap, which is worst
- Small saving schemes offers Fixed Life time Returns………..No : Rates are market & Govt. policies linked, they are revised every quarter or periodically ( PPF, POST BANK FD )