The author is simply bluffy and not having good sight over the industry. He is seeing the others cake and envying them . The website is totally responsible for this stupid articles, which will reduces the social value in the society among the readers.
we are living in uncertainty age of share,property and manipulation by media, govt and other vested interst organisation, this all age is full of gamble,,capitalism survive on lotter like system in which beneficiary are few and loosser are all, so it is american system based on inflation and demand and supply,, it is better to make our govt policies transferent and accountble and put behind bar all people who are looting innocent and credilous people ,,,
The caption of this article "Confessions of a Financial Advisor" seems the author is writing about himself. Alas no, he is criticising all financial advisors. And when he says just about anybody can call themselves a 'financial advisor, it appears he has an enormous grudge against them. Probably he is not doing too well and he is belting his heart out!
RE:Financial Advisor
by Lalatendu Deo on Jun 13, 2007 10:14 PM Permalink
I think what he is doing is right. We are the best financial adviser of ourselves. The so called advice we receive from others are only inputs for our own decisions. Do not blame some one else for the decisions we are ultimately taking.
RE:Financial Advisor
by VIKAS NAME on Aug 01, 2007 07:01 PM Permalink
you need a lawyer to argue your case, you need a doctor to operate and you need a barber to cut your hair.... but you can invest yourself...m i right
RE:Qualification given is totally wrong
by Lalatendu Deo on Jun 13, 2007 10:21 PM Permalink
I do not think most Chartered Accountants are good Financial Advisors. Most of them are not as good as those other fellows who have some understanding on Financial Matters. Of course there are some who know their jobs well.
RE:Qualification given is totally wrong
by Avinash Dsouza on Jun 13, 2007 08:03 PM Permalink
Chartered Accountant do not undertake courses on financial planning. Understanding taxation, risks, returns, etc. is fine. But putting this together while assessing the risk profile and investment objectives of the client is a different matter and requires both theoretical knowledge as well as practical experience. A CFA or a CFP would balk at the thought of a CA providing financial advise - though certain individuals may have acquired certain skills in the course of their work. But saying a CA is qualified to provide financial advise - my foot!!
RE:Qualification given is totally wrong
by NAZIA NADAF on Jun 13, 2007 10:31 PM Permalink
absolutely right...........CA advise the client to invest in a particular Ins. co. where CA gets the share of the commission earned by the 'financial advisor'
RE:Qualification given is totally wrong
by natraj tanjore on Jun 14, 2007 12:00 AM Permalink
Pray what extraordinary talent is required to understand risk profile of a person? The fact of the matter is that like religion, whoever could not make a career out of the core profession, creates an off shoot and come out with a fancy tag! What is the extra stuff that is being taught which is not being covered under the CA course? For any one's financial planning all that is required is a basic knowledge of arithmetic, time value of money, tax implications on the returns from a particular mode of investment and finally a 20 / 20 eye sight or a good reading lenses to read all the fine print that is printed well below the accepted legal point size, by the esteemed companies run by professionals and marketed by the Certified Financial Planners! Again one is reminded of Warren buffet : Wall street is a funny place where guys go in rolls royce to get advice from an individual travelling in the metro! Guys nothing personal against any professional body or individual! The whole thing is a paradox - If you have enough money, you dont need a planner and if you dont have enough of money still you dont need a planner!
