RE:Read this experience
by s s on Jun 27, 2007 08:34 PM Permalink
An Ideal Financial Planner is required to take fees for his advice and you should have told her about the fees first. When all FP insist on a fees for quality advice then people who require good paid advice will only approach FPs.
RE:RE:Read this experience
by s s on Jun 27, 2007 08:35 PM Permalink
An Ideal Financial planner does not sell Mutual funds and gives ONLY Advice and does Financial planning for you in return for his fees only. So a guy who advices you to buy mutual funds from him is NOT a Financial planner.
The article written has some relevance but not a whole truth. Firstly Why a refernce be given to a new client as secrecy is important in financial matters and you can't keep everbody happy on earth. 2) There are rewards in every industry today for outstanding performances so what's wrong if one is rewarded in this industry. 3)consisting a good finacial portfolio is important not the only returns and everyone's needs and risk appetites are different. so we can't evaluate a performance with one yardstick.The planner can also be judged by his experience/ Educational Qualification/ Professional memberships/ Quality of Services. Hence on some points i agree to disagree with the author. Neeraj Chauhan
I congratulate you for an eye opening information (and this is really a fact) for many of the people. Continue with such good work. Critism comes form people who cannot digest such information.
1) It cant help itself from publishing filthy stuff. 2) It will make you read what rediff wants. 3) It selects articles from the writer who is cheapest. 4) I earn money by making you read stupid articles.
instead of "4 facts your finance planner won't tell you" it MUST be said as "4 facts your finance planner MAY NOT tell you" DONT TRY TO GET HEADLINES BY GIVING THESE KIND OF STATEMENTS
I donot know how the rediff is taking such a scarp for posting in their websites. The details which are mentioned, are a common one and any investors are aware of it. Firs of all every one has a right to earn. SO if the person reaches a target of acheving then why such a Cry... Every Person has a BAd and Good Client... and why should he refer any of his clients.... is it any kind of cross verification or what.. Ther investor is giving a a/c payee cheque so need to worry on that.
and for beating the market ... its a chance no one can gaurantee.
I would like to comment on P V Subramanyam of Money Control to put some FAct so that the readers can learn some thing new and others benifit from it
RE:Bad Points
by Sonu on Jun 15, 2007 03:03 PM Permalink
The most uncommon thing in this world is common sense, and my dear friend, there are many people out there who have been take for a ride by the so called financial planners.
Its right that these funds managers,agents, brokers will always suggest you a fund/scheme where they get max commission and they rarely tell you a scheme where you can make max money.
