Let’s start with Bemoneyaware’s post on mis-selling and mis-buying which is a comprehensive article with takes from many people on the subject. It has links to a lot of articles and viewpoints about the topic and the one thing that I’d like to say about this issue is that usually not enough responsibility is placed on buyers. I was thinking about this recently when people were making indignant remarks about the Reliance buyback, but the very same folks will be happy to buy shares from the market and flip it to Reliance for a small profit. Your greed is someone else’s opportunity.
Hemant has an excellent article on LIC Jeevan Ankur.
He is associated with the Financial Planners Guild and they are organizing a financial planning clinic in Gurgaon on the 5th February. This is an event where you can meet with some of the financial planners and ask questions and get inputs on financial planning. Here is the link with registration details.
An interesting look on North Korea as an investment destination. I had no idea that so many companies from different parts of the world were interested in investing in North Korea and was really surprised to hear that they have casinos for tourists.
Ajay Shah writes about his personal experience with an unusual way of charging his debit card at the petrol pump in consumer protection issues with payments.
HBR has a useful post on networking for introverts.
Finally, an interesting take on why are people friendly.Â
Enjoy your weekend!
One thought on “Financial Planning Clinic, Mis-selling and Consumer Protection”
Thanks Manshu for sharing the link of my post. Misselling or Mis-buying any product even other than financial product is our responsibilty as it is buyer’s money at stake. There are many factors against a buyer: good advertising(these guys know what people want and how to sell it to them), reputed sellers like LIC selling Jeevan Ankur (which Hemant in his excellent article has explained how returns work out to just 1.53%), peer pressure, agents etc.
I hope it helps your readers to make better financial decisions!