1. Insurance advisors are bad because they cheat their customers by selling them a policy with an eye on commission.
2. Mutual fund distributors are bad because they get commission from the fund houses, which otherwise could have been invested to get better returns.
3. Relationship managers are bad because they work to get more profits.
4. Insurance companies are bad because they give huge commissions to advisors/agents to get business, which could have been used to get better returns.
So my question is, is this author bloody working for charity???? Even NGO which are supposed to be non profit organisations pay a huge salary to the people working there these days. Why should an insurance advisor, mutual fund distributor or a relationship manager not look at the profits????
And can some one explain why is rediff publishing crap after crap from this author? The only article which made sense from this writer was the investing gems from Warren Buffet. But then she was quoting somebody, not her own thoughts. So it was okay. Anything coming out of her own thoughts end up being crap.
