The Indian Wall Street
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Through this blog, Indianwallstreet.wordpress.com , Vijay Pahwa has been educating retail investors about basic principles of personal finance.
The Indian Wall Street
5y ago
A vast majority of Indian middle class has some or other ULIP/Endowment life insurance policy. Why is that so?
When a layman goes to the insurance company/agent to buy a term insurance policy. The insurance agent speaks 2 simple sentences-
“If you buy term insurance, you will need to die to get money”
“Paisa waste ho jaayega if you buy term insurance”- your money will get wasted if you don’t die. So, sir, please buy endowment/ULIP- where you will get your money back after 5/10/15 years. Return of premium + bonus, guaranteed by the xxx of India!
Easy to sell. Do you agree?
Happy ..read more
The Indian Wall Street
5y ago
Three levels of Wealth
First: Out of debt.
Second: Don’t have to look at the cost of a restaurant before entering it.
Third: Don’t have to look at the price of an air ticket before planning a vacation.
After that, it really doesn’t matter!
Nanga hee to aaya hai, Kya ghanta le ke jaayega?
Happy Investing
Vijay ..read more