very true. Pick a flat fee advisor by the way so you know there's no conflicts of interest where he pushes products to you just because he gets more commission that way.
I have been using the same guy for some years now (classmate then ex hdfc and Citibank dubai before he set up on his own account), he is very good. --srs (iPad) On 30-Sep-2014, at 13:04, Shyam Sunder <[email protected]> wrote: >>> Take whatever money is left over and invest 70% in a stock index fund and >>> 30% in a bond fund through the DIRECT mode and never touch it until >>> retirement (from Lahar's Deepak Shenoy link) > > They stick the steering wheel on the wrong side of the car in the US, so be > wary when you import cars, or axioms. > > Index funds are a great idea ... in the US. A lousy idea in India. ICICI > Prudential fund recently shared that a 100% of their funds beat the benchmark > index. Fund managers in India compete with each other, not with the index. > Beating the Index here is a given. (Why so is a much longer discussion.) > > Regarding DIRECT mode, as lawyers say, anyone who argues his own case has a > fool for a lawyer. There is a substantial difference in performance between > the best and the worst funds. Plus, funds and fund managers wax and wane. So > the Hero Honda "fill it, shut it, forget it" principle doesn't work too well > with fund selection. > > By the same principle, "never touch it until retirement" is okay if you don't > have the time, will and skill or don't have access to a good advisor. > Monitoring and maintaining the quality of your portfolio is essential. > > Sorry folks, for suddenly waking up and bellowing, but this topic I seem to > have acquired a little knowledge about. As soon as topics switch back to > craft beer on the west coast, I will revert to radio silence. > > -----Original Message----- > From: silklist > [mailto:[email protected]] On > Behalf Of Lahar Appaiah > Sent: 30 September 2014 11:50 > To: [email protected] > Subject: Re: [silk] Financial planning > > Our own Deepak Shenoy has Indianized this: > > http://capitalmind.in/2013/02/9-point-financial-plan-indian-edition-and-comic-strips/ > > > >> On Tue, Sep 30, 2014 at 11:12 AM, Aditya Kapil <[email protected]> wrote: >> >> I think, pound-for-pound, Scott Adams's is the best 'averaged-out' advice: >> >> >> https://retirementplans.vanguard.com/VGApp/pe/PubVgiNews?ArticleName=DilbertGuidetoPersonalFinance >> >> Adit. > > > ------------------------ > Powered by BigRock.com > >
