Today one of my friend told me that he is planning to contest election for his apartment Resident Welfare Association. He aspire to become President of Resident Welfare Association. Objective is Self Welfare instead of Residents Welfare. Quite interestingly, this particular plan is my friend's retirement plan (Regular Source of Income). In last 12 years, i have stayed in 7 apartments in 2 different cities & it's quite unfortunate to conclude that Resident Welfare Association has become Gold Mine for Corruption. Corruption is more prevalent in bigger apartment complex. Reason being, In ... Read More
How to Handle Job Loss
Pink Slips or Job Loss was western Phenomena few years back. In this globalized world, Job Loss is now a reality in India. On daily basis we watch News about Job Loss across sectors like Telecom, Media, Banking, Automobile etc. Job Loss is more of Financial Setback then Emotional Setback. Situation gets worse if an individual is servicing loan/s like car loan, home loan etc or he/she is sole earning member of family. We Indians live in a superficial world. We always think that nothing can go wrong in our lives till harsh reality is standing in front of us or staring at us. If anything goes ... Read More
The Future of Shopping
Future is always bright & it is quite exciting to predict future. Sometime back, i wrote an article on The Future of E-Commerce in India. Today let's discuss "The Future of Shopping". The way people shop predominantly change with the changing demographics. The Human Civilization started with Barter system then advent of currency changed the way we shop. In past, people used to visit Mela's for shopping needs & these Mela's were replaced by Shops. Currently 3 transformations are happening simultaneously; Mall's are replacing Shops, at the same time E-Commerce is replacing Mall's & ... Read More
The Fall of Nokia
Not so long ago, Nokia was synonym with Mobile & vice versa. What went drastically wrong that once the poster boy of mobile revolution fell like a pack of cards from the pinnacle. In 2002, when i bought my 1st mobile the but obvious choice was Nokia and there was no second thought. Someone right said that "Only thing constant in life is change". Either we change ourselves or change will change us. Same applies to corporate houses, best example to quote is Bajaj. Once the market leader in Scooters segment is now world's 3rd largest manufacturer of Motor Cycles & completely phased out ... Read More
Misleading Mutual Fund Ranking
Mutual Fund Ranking is a big business. Many reputed Personal Finance Advisers and international rating agencies release Mutual Fund Ranking Periodically. Why it's a Business because these ratings can make or break the fortune of any Mutual Fund Scheme. Mutual Fund Ranking is predominantly decided based on past performance of 1 Year, 3 Year or 5 Year. There is no rocket science in this. I can also publish my own version of Mutual Fund Rating for my readers. As per SEBI guidelines it is always mentioned for equity linked products that "Past performance is not an indicator of future outcomes". ... Read More
Home Loan Transfer
As i mentioned in one of my previous post "Step Motherly Treatment to Existing Home Loan Customers" that existing customers always pay higher Interest Rate compared to New Customers. First thing which come to the mind of borrower is Home Loan Transfer from existing lender to new lender who is offering lower interest rate. Besides Interest Rate, sometimes Service issues also force borrower to opt for Home Loan Transfer though Interest Rate remain single most imp criterion for Home Loan Transfer. Before deciding upon Home Loan Transfer, it is critical to consider following 5 points to avoid any ... Read More
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