A free suggestion to banks---
Signatures can be copied but not thumb impressions.Why not banks start taking thumb impressions on cheques for clearance instead of signatures of the issuer.Better if they take both right and left thumb impressions.
Or why not signatures and thumb impressions both?
What do you say?
Mine advice is, never believe any kinda advertisement.
Advertisements are not misused by biz-people alone, the
are more dangerously used by political people and most
dangerously used by so called religious people. These holy places are 'addas' of broadcasters holy shit.
Beware beware, if U wanna know the truth, see through the advertisement, look beyond the advertisement.
Advertisement is a tool to make you fool.
!!!!!!! THE SAD STORY BEHIND THE WORD "RATION" !!!!!!!
Do you know what is the meaning of Ration, it does not mean Groceries, it does not mean Sugar, Lentils, Flour etc.
It means,"a fixed amount of a commodity officially allowed to each person during a time of shortage".
Do you understand, what I mean to convey? In India life essential groceries were never enough for general people, these had been rationed.
What a great country! Where Lentils, Flour, Sugar, Lentils, Flour is equal to "ration".
The supply of these life essential kitchen eatables has been so much rationed, limited that the word ration had become equal to these eatables.
What a pity!
WHO IS A REAL BUSINESSMAN?
In financial world, everyone is an employee, every one, an employer too.
The employees are responsible to their employers and the employers are responsible to their customers, their investors.
An employer is a bigger employee than his employees.
Employees work for 8 or 10 hours, 6 or 5 days in a week.
Employers work for 365X7X24.
There are two types of poor.
One who has no money.
And the one who has no time.
So, you see, most of the rich are not rich in-fact.
The real pursuit of a businessman is to have a business without being busy.
The real businessman is the one, who is not a busy man.
The real rich is the one, who has money and time both, you see.
The real rich is the one, who has money and honey both, of-course.
You see!
BRANDING, AN ENEMY OF HUMANITY
How good it will be if a book comes in the market without its author's name on it! People finding it by word of mouth, reading and judging it by its individual merits. A fresh mind judgement.A judgement not of brain washed people. A judgement of the people not hypnotised by a pre-established name and fame of the author. Not a biased judgement. Not a branded judgement. But a real earned judgement.
How good it will be if people vote a political plan sans the politician!
The politicians present plan and further present plan to execute this plan. Plan on the stage, politician behind the curtain. People judge the plan. People vote for the plan. The whole new world will be out there.
How good it will be if Martians landing on earth are presented Indian Zeera drink and Coke and they decide their favourite on their free choice!
How good it will be if Mumbai Vada Pav competes with McDonald's burger, not on earth but on some other planet in some far way galaxy! The aliens,who heard never any thing of McDonald's ever before, tasting and judging both .
How good if our homely Aloo/Gobhi/ Paneer Prantha competes with Domino's pizza, in some far away aboriginal village! People eating prantha and pizza for the first time, people untouched by any kinda branding ever before.
A world free of branding. A real market. Free market, market sans branding.
You see doctor, lawyers and chartered accountants are not allowed to advertise. Some what like that.
Thus we will truly find many new gems, which now get lost under the heavy burden of big names. World never get a glimpse of these diamonds.
Branding is bad for free market.
Branding is bad for healthy competition.
Branding robs humanity of many good flavours.
Branding robs humanity of its free choice, free will.
Have you ever noticed a much hyped movie of a well established star is just a big zero and a movie with unknown actors is so great, a real hero?
That is how branding harms humanity, keeps it deprived of many Heroes and presents many Zeros as Heroes.
Gotcha?
Branding is enemy of humanity.
Branding is a tool to fool the people by Capitalist.
Another reason, I despise this kinda capitalism.
© Comments humbly invited
"UNFAIR BUSINESS TACTICS OF BANKS"
(1) When they say that they can not honour the withdrawals, because of failure of their computers, they might be lying because they wanna keep the deposits with them as long as possible.
Even a single day counts a lot, in aggregate they keep a lot amount with them each day, which earn a lot interest, courtesy this mal-practice.
That is called , hidden unfair business, Beware!
(2) When they deny stamping your cheque deposit slip and ask you to drop the cheque in a drop box directly, they are simply denying their responsibility if anything goes wrong.
RBI has instructed Banks not to indulge in such a practice, hence if you insist, the banks will stamp the cheque deposit slip, kindly note.
(3) When they say that it takes three days to clear a cheque, they lie most of the times, cheques get cleared in a single day many times but they keep the amount with them for one or two days.
Thus always keeping a huge amount with them in aggregate, which earns a lot of interest.
That is called unfair business, Reserve Bank of India, reproached banks some time back but not much difference.
Can you imagine banks have earned and are earning trillion of rupees through this mal-practice?
(4) When they see that you have a good deposit in your account, they will try their best to lure you to invest into mutual funds so that they may earn huge commissions and to meet this purpose, they have appointed beautiful faces and beautiful voices .
Beware! It is your money, do not get deluded.
(5) When they deny stamping your cheque deposit slip and ask you to drop the cheque in a drop box directly, they are simply denying their responsibility if anything goes wrong.
RBI has instructed Banks not to indulge in such a practice, hence if you insist, the banks will stamp the cheque deposit slip, kindly note.
"A FREE SUGGESTION TO BANKS"
Signatures can be copied but not thumb impressions.Why not banks start taking thumb impressions on cheques for clearance instead of signatures of the issuer.Better if they take both right and left thumb impressions.
Or why not signatures and thumb impressions both?
What do you say?
"LOANS, TWO EDGED SWORDS"
There is a theory in business, usage of OPM, other people's money. In other words, it is resourcing capital. In other words,it is taking loans. An idea is propagated that it is essential to use OPM to grow in business, which is right also but there are dangerous pitfalls in the way, hence the need of some understanding.
See, loans are two edged swords, they can make you and it can mar you too.
As soon as you take a loan from bank, your repayment to the banks get commenced as Equated monthly Instalment's (EMI), which means that not only interest but a certain part of the capital is out of your hands every month, making your capital lesser forceful.
Superficially it seems that it is something good that not only interest but a certain amount of loan is re-paid every month but business-wise the whole process is not very wise.
You lose processing fee as the loan gets sanctioned, then you lose the 'loan capital' every month, and if the loan does not get allocated appropriately, you lose some part of your own capital every month.
Very dangerous process, can make you pauper, if your plan fails or even get late or get hampered due to some unexpected reason.
Considering, all these risks, I advise you to start with a very small loan, first use it successfully, then opt for a bigger one, then even bigger than this one, bit by bit.
Still always keep in the mind that even the most successful business may fall down at any time, hence be very much calculative, considerate, moderate.
A single wrong turn taken even by a Marathon champion may become the reason of the one's defeat.
And even if you are going to take Gold loans from companies like Muthoot or Manappuram etc., it is not very good idea, because they will give you only around 60% of the selling value of your Gold and if you do not pay the interest regularly, they will charge you even more than 3% monthly interest, and if you do not pay them the interest for one year continuously, they will sell your Gold and will not pay you anything if they got more outta sale of your gold what you owe them. What a bad deal! Better sell the Gold at 100 % selling value than pledging at 60% to these sharks.
The extract is, try your best not to take any kinda loans, and if you wanna take, then take the smallest as possible and then by and by, move to the bigger ones, but at some point drop the very concept of taking loans and play with your money only.
Safe and sound!
"LIFE INSURANCE"
Never mix life insurance with investment plans, be it money back or endowment, all wrong choices, as return from the life insurance companies is lowest and the plans are for very long periods, for decades, and before-time-exits or irregularities in paying premiums, cost heavy to the policy holders.
And if anyone opts for a life-insurance-cum-investment plan, the one is certainly going to stay under-insured, defeating the very purpose of Life insurance, which simply means in case of death of the main earner/s of a family, the family's financial balance might not get affected.
Do you know most of the Indians never got any benefit of Life insurance, why, because before the advent of private players, LIC never promoted pure risk cover policy, term plan, the one and only Life insurance, LIC went on feeding people with its endowment plans, and money back plans, all shit, which kept people under insured but generated low interest rated capital for LIC.
Even now, the Life insurance agents do not introduce term plans to the customers on their own, which is the cheapest, reason,what will get the company, what commission will be gotten by the agent.
And this they call business, fair business!
I suggest you all my friends, to take TERM PLANS only, which are called 'pure-risk-coverage plans' too.
These term plans are the cheapest and the best, you will get nothing in return just like in case of a motor insurance, but you may get a substantial sum assured.
Term Plan is never advertised rather the clients interest in it are discouraged because it is least beneficial for the Life insurance companies & their agents, but certainly is the best for their clients. In fact, there is no other life insurance policy except it, all other are just distorted saving plans, only crap.
Term plans are never advertised by the companies or suggested by the agents because they are so inexpensive that neither the agent nor the company will get anything substantial outta them.
LIC, 'Life Insurance Corporation of India', did not even introduced TERM PLAN before the advent of private players. It sold endowment plans and money back plans to the Indians, collected huge investments from the public on cheapest rate of interest and became one of strongest company,keeping the poor ignorant public under insured. LIC is the biggest culprit, if Indians could not avail the benefits of life insurance. It should be prosecuted for mis-selling life insurance and all the money it has collected through this mal-practice be distributed to the ones whosoever have ever taken any policy from this company.
"BEWARE OF ULIPS"
Life insurance companies have always be-fooled people, they have sold investment plans in the name of life insurance, ULIPS too are tools to get people invested into share market, these are more mutual funds than life insurance, life insurance is used just as a garb, beware.
Investing through ULIP (Unit Linked Investment Plans) is most stupid, in the garb of life insurance, these life insurance companies lure you to invest in share market and penalize you with their heavy duty charges.
The extract is life insurance companies are good for taking life insurances only and as term plan is the only life insurance hence take TERM PLAN and kick the one on the bum, if suggests anything else.
"LEGAL DISCLAIMER OF LIFE INSURANCE & MUTUAL FUND COMPANIES"
Just hear the legal disclaimer of such companies, their pace, even they themselves can not understand the meaning if not told already.
Why like this?
Only because they do not wanna let you understand the things, rather they just wanna loot you.
Only because the legal need is fulfilled for the namesake.
Only because the Govt is giving you a bad Governance..
"GENERAL INSURANCES"
All insurances apart from life insurances fall in the category of general insurances.
A few insurances should be taken by everyone as per my understanding.
House holder policy--- This policy will secure not only the building but all the household goods kept in it, including gold, jewels and cash too. Moreover you can get your electronics repaired free of cost under this policy. A must for every household.
Shopkeeper/Office package---It works same as the householder policy.
Accidental Policy-- It reimburses the policy holder in case of some accident, accidents of any kind, not only road accidents, even if a kitchen cylinder bursts, it is an accident.This policy is very inexpensive.
Critical illness coverage-- These policies are generally combined with the life insurances. Some critical illnesses like Heart attack, Diabetes, cancer etc are covered under such policies.
Mediclaim--- These are relatively expensive policies but must be taken though. Simply reimburses the hospitalization bills of the policy holders.
"STOCK MARKET INVESTMENT"
1) Share Market is a way for the big capitalists to collect capital from the smaller capitalists.I do not believe in a capitalist society, my advise is just to save the smaller capitalists from the bigger ones for their survival and valid only till we devise a society free of capitalism.
2) Share market is no place for day trading type gamblers, you are going to lose, no matter what tips or tricks you use.
3) Buying shares of a company means that you are becoming a partner in the particular business of that company.
Never invest in a business which you do not understand yourself, suppose a company declares that it will import aliens from Mars and export to Venus, invest only if you understand the depth of their concept.
4) Never take an investment plan from an life insurance company, take life insurance (term plan only) from them and if you wanna invest, invest yourself, in National Saving Certificates or in share market or in some other investment instrument only.
5)Investing through ULIP (Unit Linked Investment Plans)is most stupid, in the garb of life insurance, these life insurance companies lure you to invest in share market and penalize you with their heavy duty charges.
6) Never keep all your eggs in a single basket. Diversify your investments.But blind diversification is meaningless, testify and then diversify.
7) Investing through mutual funds is foolish. You will lose the commissions charged by these companies and you will never understand the market. Even the greatest mutual fund manager can not give you any profit if market does not favor,it is the market that gives or takes.
8 ) Mutual fund investments are subject to market fluctuations.
But such fluctuations mostly are short term and subject to temporary reasons which have generally no impact on the long term goals of a long term investor and as I say share market is meant for a long term investor only, hence this statutory warning of mutual fund companies has no significance.
9) Best way to invest in the shares is to understand that you are not to invest blindly or passively.
First choose some blue chip companies.
Now choose their businesses which are most reliable and understood by you clearly.
Now invest into them diversely.
Never let your blood pressure get up or down by the everyday fluctuation of the market.
But it does not mean that you should keep your eyes closed.
Rather keep one eye on the market and another on the business of the companies in which you have invested.
ii. Have long term visions but short term vigil.
iii. Understand that share market investments are subject to failures or successes of businesses which are further subject to various factors including how dishonest they are.
MLM/ MULTI LEVEL MARKETING/ MULTI LEVEL CHEATING
You must have heard that every time Ram used to cut Ravan’s head, it got joined to his torso.
Every time Bheem tore Jarasandha’s body into two pieces by pulling his legs apart, the body got joined.
The villain of the Terminator movie used to take new shapes even after being destroyed almost completely.
Multi level Marketing companies too come again and again to loot you of money and confidence. They come with new names and faces. Ponzi Schemes, Pyramid Schemes, Multi level marketing or Network marketing, many names, many faces .
No Company can take public funds without appropriate permission of RBI or SEBI. But MLM companies do indulge in collecting Public Funds dodging RBI and SEBI guidelines
They sell their products at highly overprices & they accept it also. That's why they call their income distribution plans as "compensation plans" also.
When they sell their products worth Rs. 400/- at Rs. 1200/- that means Rs. 800/- is taken as public fund and this fund is taken with a promise of future income, which will be derived again illegally from future victims. Irony is victim are used to victimize new people. All given a false financial heaven.
A live show of illegal and immoral use of OPT & OPM (Other people's money & other people's time).
They say that they are distributing the cost of advertisement to the consumers, but this is not true, they already overcharge claiming that their products are far better than the established brands, somethings out of this world, owned by them only.
Why MLM companies are avoiding MLM word these days? Why they started calling themselves "Network marketing companies"? Why an MLM person who calls you is reluctant to tell you that he is inviting you to a MLM meeting? Because they know that MLM word has earned a bad name.
Why an MLM person is adamant to take you to some high profile place arranged by the MLM company? Because they want to loot you under a psychological pressure.
And beware when they invite you to attend an "Educational Program"? These educational programs are just like the one made by lord Macaulay for producing clerk. This educational system is developed for selling MLM companies' products. And the irony is even these 'Educational Programs' are not free of cost, they too are sold.
One man advertised that he is ready to tell everyone a formula to earn easy money @ Rs. 1000/-. Many people sent him the desired amount, he sent a single sentence to all of them, "Do the same, what I have done with you, I have earned my money, you too can and my scheme is no cheating, because my earning from you is a legal proof that my scheme is a successful one."
One man advertised that he needed an employee but only two time's food would be given as a salary. As there is much starvation in India, many approached the advertiser. The one who got employed, was given a duty to visit different Gurudwaras of the city daily, eat for himself and bring the food for the employer.
One man had hanged a NEON SIGN BOARD over the front of his shop, "Sure shot cure for Cancer, Diabetes, blood & AIDS. Fees Rs.1500/- only , money back Guarantee if not benefited."
A lot many people visited him and paid but none got cured. All started rushing back to get the money back.
But the Great doctor, declined the money back, showing the board and explaining the written words,"See, the board says that the money will be back if not benefited, it did never say that money will be backed if you, the payer, will not be benefited. You did not get benefited but I did, hence no money back is due.”
Does this mean that I am against MLM? No. MLM can be a great tool of marketing if, used ideally, with honesty. If some concrete product or service is sold through it, not merely some get-rich-scheme, not castles built in the air.
Uncle chips sells air but some chips also. But many MLM companies sell only the air.
If an MLM company has some genuine product to sell and if the product is sold on a competitive price, not over priced in the name of some exclusivity of the product, available with the company only, it may considered a fair play.
But sadly there is almost no company who is using this tool honestly.
Only a few days back Amway (one of the pioneer MLM companies) people were arrested by Kerala Police for malpractices. RBI too has shown its worry regarding mal-practices of MLM companies.
I have seen, misuse of MLM in educational field also. "Landmark Education Forum", a well-established Life Coaching Company uses MLM for promoting their business. They call the learners to call their relatives and friends in a very tricky manner, and influence these freshly invited visitors to join their program and this system goes on and on. Landmark does not use traditional advertisement and why should they do, when they have this cheap way. And why I call it cheap, only because Landmark Education uses Mass Hypnosis. After exhaustive training of 4-5 days, people become very much vulnerable, they behave like robots. Various reasons are given to them to invite their near and dear to the program, so that the benefit which they got may be availed by the new invitees also.
There is nothing wrong in calling the new people, the only things bad are, using shrewdness, turning the learners into robots secretly & using MLM in a very cunning manner, something very dangerous.
The MLM technique is yet to be harnessed, meanwhile be aware, never get duped.
10) SHOPPING SUGGESTION
"You get, what you pay for."
Really?
Doesn't branding inflate the prices?
And does Branding mean quality?
Just see Johnson's, Amway & many more. Why they are paying penalties?
Inexpensive is not always cheap
&
Expensive is not worthy to keep.
COPY RIGHT MATTER, STEALING IS A PUNISHABLE OFFENCE, SHARING IS WELCOME. TUSHAR COSMIC
Signatures can be copied but not thumb impressions.Why not banks start taking thumb impressions on cheques for clearance instead of signatures of the issuer.Better if they take both right and left thumb impressions.
Or why not signatures and thumb impressions both?
What do you say?
Mine advice is, never believe any kinda advertisement.
Advertisements are not misused by biz-people alone, the
are more dangerously used by political people and most
dangerously used by so called religious people. These holy places are 'addas' of broadcasters holy shit.
Beware beware, if U wanna know the truth, see through the advertisement, look beyond the advertisement.
Advertisement is a tool to make you fool.
!!!!!!! THE SAD STORY BEHIND THE WORD "RATION" !!!!!!!
Do you know what is the meaning of Ration, it does not mean Groceries, it does not mean Sugar, Lentils, Flour etc.
It means,"a fixed amount of a commodity officially allowed to each person during a time of shortage".
Do you understand, what I mean to convey? In India life essential groceries were never enough for general people, these had been rationed.
What a great country! Where Lentils, Flour, Sugar, Lentils, Flour is equal to "ration".
The supply of these life essential kitchen eatables has been so much rationed, limited that the word ration had become equal to these eatables.
What a pity!
WHO IS A REAL BUSINESSMAN?
In financial world, everyone is an employee, every one, an employer too.
The employees are responsible to their employers and the employers are responsible to their customers, their investors.
An employer is a bigger employee than his employees.
Employees work for 8 or 10 hours, 6 or 5 days in a week.
Employers work for 365X7X24.
There are two types of poor.
One who has no money.
And the one who has no time.
So, you see, most of the rich are not rich in-fact.
The real pursuit of a businessman is to have a business without being busy.
The real businessman is the one, who is not a busy man.
The real rich is the one, who has money and time both, you see.
The real rich is the one, who has money and honey both, of-course.
You see!
BRANDING, AN ENEMY OF HUMANITY
How good it will be if a book comes in the market without its author's name on it! People finding it by word of mouth, reading and judging it by its individual merits. A fresh mind judgement.A judgement not of brain washed people. A judgement of the people not hypnotised by a pre-established name and fame of the author. Not a biased judgement. Not a branded judgement. But a real earned judgement.
How good it will be if people vote a political plan sans the politician!
The politicians present plan and further present plan to execute this plan. Plan on the stage, politician behind the curtain. People judge the plan. People vote for the plan. The whole new world will be out there.
How good it will be if Martians landing on earth are presented Indian Zeera drink and Coke and they decide their favourite on their free choice!
How good it will be if Mumbai Vada Pav competes with McDonald's burger, not on earth but on some other planet in some far way galaxy! The aliens,who heard never any thing of McDonald's ever before, tasting and judging both .
How good if our homely Aloo/Gobhi/ Paneer Prantha competes with Domino's pizza, in some far away aboriginal village! People eating prantha and pizza for the first time, people untouched by any kinda branding ever before.
A world free of branding. A real market. Free market, market sans branding.
You see doctor, lawyers and chartered accountants are not allowed to advertise. Some what like that.
Thus we will truly find many new gems, which now get lost under the heavy burden of big names. World never get a glimpse of these diamonds.
Branding is bad for free market.
Branding is bad for healthy competition.
Branding robs humanity of many good flavours.
Branding robs humanity of its free choice, free will.
Have you ever noticed a much hyped movie of a well established star is just a big zero and a movie with unknown actors is so great, a real hero?
That is how branding harms humanity, keeps it deprived of many Heroes and presents many Zeros as Heroes.
Gotcha?
Branding is enemy of humanity.
Branding is a tool to fool the people by Capitalist.
Another reason, I despise this kinda capitalism.
© Comments humbly invited
"UNFAIR BUSINESS TACTICS OF BANKS"
(1) When they say that they can not honour the withdrawals, because of failure of their computers, they might be lying because they wanna keep the deposits with them as long as possible.
Even a single day counts a lot, in aggregate they keep a lot amount with them each day, which earn a lot interest, courtesy this mal-practice.
That is called , hidden unfair business, Beware!
(2) When they deny stamping your cheque deposit slip and ask you to drop the cheque in a drop box directly, they are simply denying their responsibility if anything goes wrong.
RBI has instructed Banks not to indulge in such a practice, hence if you insist, the banks will stamp the cheque deposit slip, kindly note.
(3) When they say that it takes three days to clear a cheque, they lie most of the times, cheques get cleared in a single day many times but they keep the amount with them for one or two days.
Thus always keeping a huge amount with them in aggregate, which earns a lot of interest.
That is called unfair business, Reserve Bank of India, reproached banks some time back but not much difference.
Can you imagine banks have earned and are earning trillion of rupees through this mal-practice?
(4) When they see that you have a good deposit in your account, they will try their best to lure you to invest into mutual funds so that they may earn huge commissions and to meet this purpose, they have appointed beautiful faces and beautiful voices .
Beware! It is your money, do not get deluded.
(5) When they deny stamping your cheque deposit slip and ask you to drop the cheque in a drop box directly, they are simply denying their responsibility if anything goes wrong.
RBI has instructed Banks not to indulge in such a practice, hence if you insist, the banks will stamp the cheque deposit slip, kindly note.
"A FREE SUGGESTION TO BANKS"
Signatures can be copied but not thumb impressions.Why not banks start taking thumb impressions on cheques for clearance instead of signatures of the issuer.Better if they take both right and left thumb impressions.
Or why not signatures and thumb impressions both?
What do you say?
"LOANS, TWO EDGED SWORDS"
There is a theory in business, usage of OPM, other people's money. In other words, it is resourcing capital. In other words,it is taking loans. An idea is propagated that it is essential to use OPM to grow in business, which is right also but there are dangerous pitfalls in the way, hence the need of some understanding.
See, loans are two edged swords, they can make you and it can mar you too.
As soon as you take a loan from bank, your repayment to the banks get commenced as Equated monthly Instalment's (EMI), which means that not only interest but a certain part of the capital is out of your hands every month, making your capital lesser forceful.
Superficially it seems that it is something good that not only interest but a certain amount of loan is re-paid every month but business-wise the whole process is not very wise.
You lose processing fee as the loan gets sanctioned, then you lose the 'loan capital' every month, and if the loan does not get allocated appropriately, you lose some part of your own capital every month.
Very dangerous process, can make you pauper, if your plan fails or even get late or get hampered due to some unexpected reason.
Considering, all these risks, I advise you to start with a very small loan, first use it successfully, then opt for a bigger one, then even bigger than this one, bit by bit.
Still always keep in the mind that even the most successful business may fall down at any time, hence be very much calculative, considerate, moderate.
A single wrong turn taken even by a Marathon champion may become the reason of the one's defeat.
And even if you are going to take Gold loans from companies like Muthoot or Manappuram etc., it is not very good idea, because they will give you only around 60% of the selling value of your Gold and if you do not pay the interest regularly, they will charge you even more than 3% monthly interest, and if you do not pay them the interest for one year continuously, they will sell your Gold and will not pay you anything if they got more outta sale of your gold what you owe them. What a bad deal! Better sell the Gold at 100 % selling value than pledging at 60% to these sharks.
The extract is, try your best not to take any kinda loans, and if you wanna take, then take the smallest as possible and then by and by, move to the bigger ones, but at some point drop the very concept of taking loans and play with your money only.
Safe and sound!
"LIFE INSURANCE"
Never mix life insurance with investment plans, be it money back or endowment, all wrong choices, as return from the life insurance companies is lowest and the plans are for very long periods, for decades, and before-time-exits or irregularities in paying premiums, cost heavy to the policy holders.
And if anyone opts for a life-insurance-cum-investment plan, the one is certainly going to stay under-insured, defeating the very purpose of Life insurance, which simply means in case of death of the main earner/s of a family, the family's financial balance might not get affected.
Do you know most of the Indians never got any benefit of Life insurance, why, because before the advent of private players, LIC never promoted pure risk cover policy, term plan, the one and only Life insurance, LIC went on feeding people with its endowment plans, and money back plans, all shit, which kept people under insured but generated low interest rated capital for LIC.
Even now, the Life insurance agents do not introduce term plans to the customers on their own, which is the cheapest, reason,what will get the company, what commission will be gotten by the agent.
And this they call business, fair business!
I suggest you all my friends, to take TERM PLANS only, which are called 'pure-risk-coverage plans' too.
These term plans are the cheapest and the best, you will get nothing in return just like in case of a motor insurance, but you may get a substantial sum assured.
Term Plan is never advertised rather the clients interest in it are discouraged because it is least beneficial for the Life insurance companies & their agents, but certainly is the best for their clients. In fact, there is no other life insurance policy except it, all other are just distorted saving plans, only crap.
Term plans are never advertised by the companies or suggested by the agents because they are so inexpensive that neither the agent nor the company will get anything substantial outta them.
LIC, 'Life Insurance Corporation of India', did not even introduced TERM PLAN before the advent of private players. It sold endowment plans and money back plans to the Indians, collected huge investments from the public on cheapest rate of interest and became one of strongest company,keeping the poor ignorant public under insured. LIC is the biggest culprit, if Indians could not avail the benefits of life insurance. It should be prosecuted for mis-selling life insurance and all the money it has collected through this mal-practice be distributed to the ones whosoever have ever taken any policy from this company.
"BEWARE OF ULIPS"
Life insurance companies have always be-fooled people, they have sold investment plans in the name of life insurance, ULIPS too are tools to get people invested into share market, these are more mutual funds than life insurance, life insurance is used just as a garb, beware.
Investing through ULIP (Unit Linked Investment Plans) is most stupid, in the garb of life insurance, these life insurance companies lure you to invest in share market and penalize you with their heavy duty charges.
The extract is life insurance companies are good for taking life insurances only and as term plan is the only life insurance hence take TERM PLAN and kick the one on the bum, if suggests anything else.
"LEGAL DISCLAIMER OF LIFE INSURANCE & MUTUAL FUND COMPANIES"
Just hear the legal disclaimer of such companies, their pace, even they themselves can not understand the meaning if not told already.
Why like this?
Only because they do not wanna let you understand the things, rather they just wanna loot you.
Only because the legal need is fulfilled for the namesake.
Only because the Govt is giving you a bad Governance..
"GENERAL INSURANCES"
All insurances apart from life insurances fall in the category of general insurances.
A few insurances should be taken by everyone as per my understanding.
House holder policy--- This policy will secure not only the building but all the household goods kept in it, including gold, jewels and cash too. Moreover you can get your electronics repaired free of cost under this policy. A must for every household.
Shopkeeper/Office package---It works same as the householder policy.
Accidental Policy-- It reimburses the policy holder in case of some accident, accidents of any kind, not only road accidents, even if a kitchen cylinder bursts, it is an accident.This policy is very inexpensive.
Critical illness coverage-- These policies are generally combined with the life insurances. Some critical illnesses like Heart attack, Diabetes, cancer etc are covered under such policies.
Mediclaim--- These are relatively expensive policies but must be taken though. Simply reimburses the hospitalization bills of the policy holders.
"STOCK MARKET INVESTMENT"
1) Share Market is a way for the big capitalists to collect capital from the smaller capitalists.I do not believe in a capitalist society, my advise is just to save the smaller capitalists from the bigger ones for their survival and valid only till we devise a society free of capitalism.
2) Share market is no place for day trading type gamblers, you are going to lose, no matter what tips or tricks you use.
3) Buying shares of a company means that you are becoming a partner in the particular business of that company.
Never invest in a business which you do not understand yourself, suppose a company declares that it will import aliens from Mars and export to Venus, invest only if you understand the depth of their concept.
4) Never take an investment plan from an life insurance company, take life insurance (term plan only) from them and if you wanna invest, invest yourself, in National Saving Certificates or in share market or in some other investment instrument only.
5)Investing through ULIP (Unit Linked Investment Plans)is most stupid, in the garb of life insurance, these life insurance companies lure you to invest in share market and penalize you with their heavy duty charges.
6) Never keep all your eggs in a single basket. Diversify your investments.But blind diversification is meaningless, testify and then diversify.
7) Investing through mutual funds is foolish. You will lose the commissions charged by these companies and you will never understand the market. Even the greatest mutual fund manager can not give you any profit if market does not favor,it is the market that gives or takes.
8 ) Mutual fund investments are subject to market fluctuations.
But such fluctuations mostly are short term and subject to temporary reasons which have generally no impact on the long term goals of a long term investor and as I say share market is meant for a long term investor only, hence this statutory warning of mutual fund companies has no significance.
9) Best way to invest in the shares is to understand that you are not to invest blindly or passively.
First choose some blue chip companies.
Now choose their businesses which are most reliable and understood by you clearly.
Now invest into them diversely.
Never let your blood pressure get up or down by the everyday fluctuation of the market.
But it does not mean that you should keep your eyes closed.
Rather keep one eye on the market and another on the business of the companies in which you have invested.
ii. Have long term visions but short term vigil.
iii. Understand that share market investments are subject to failures or successes of businesses which are further subject to various factors including how dishonest they are.
MLM/ MULTI LEVEL MARKETING/ MULTI LEVEL CHEATING
You must have heard that every time Ram used to cut Ravan’s head, it got joined to his torso.
Every time Bheem tore Jarasandha’s body into two pieces by pulling his legs apart, the body got joined.
The villain of the Terminator movie used to take new shapes even after being destroyed almost completely.
Multi level Marketing companies too come again and again to loot you of money and confidence. They come with new names and faces. Ponzi Schemes, Pyramid Schemes, Multi level marketing or Network marketing, many names, many faces .
No Company can take public funds without appropriate permission of RBI or SEBI. But MLM companies do indulge in collecting Public Funds dodging RBI and SEBI guidelines
They sell their products at highly overprices & they accept it also. That's why they call their income distribution plans as "compensation plans" also.
When they sell their products worth Rs. 400/- at Rs. 1200/- that means Rs. 800/- is taken as public fund and this fund is taken with a promise of future income, which will be derived again illegally from future victims. Irony is victim are used to victimize new people. All given a false financial heaven.
A live show of illegal and immoral use of OPT & OPM (Other people's money & other people's time).
They say that they are distributing the cost of advertisement to the consumers, but this is not true, they already overcharge claiming that their products are far better than the established brands, somethings out of this world, owned by them only.
Why MLM companies are avoiding MLM word these days? Why they started calling themselves "Network marketing companies"? Why an MLM person who calls you is reluctant to tell you that he is inviting you to a MLM meeting? Because they know that MLM word has earned a bad name.
Why an MLM person is adamant to take you to some high profile place arranged by the MLM company? Because they want to loot you under a psychological pressure.
And beware when they invite you to attend an "Educational Program"? These educational programs are just like the one made by lord Macaulay for producing clerk. This educational system is developed for selling MLM companies' products. And the irony is even these 'Educational Programs' are not free of cost, they too are sold.
One man advertised that he is ready to tell everyone a formula to earn easy money @ Rs. 1000/-. Many people sent him the desired amount, he sent a single sentence to all of them, "Do the same, what I have done with you, I have earned my money, you too can and my scheme is no cheating, because my earning from you is a legal proof that my scheme is a successful one."
One man advertised that he needed an employee but only two time's food would be given as a salary. As there is much starvation in India, many approached the advertiser. The one who got employed, was given a duty to visit different Gurudwaras of the city daily, eat for himself and bring the food for the employer.
One man had hanged a NEON SIGN BOARD over the front of his shop, "Sure shot cure for Cancer, Diabetes, blood & AIDS. Fees Rs.1500/- only , money back Guarantee if not benefited."
A lot many people visited him and paid but none got cured. All started rushing back to get the money back.
But the Great doctor, declined the money back, showing the board and explaining the written words,"See, the board says that the money will be back if not benefited, it did never say that money will be backed if you, the payer, will not be benefited. You did not get benefited but I did, hence no money back is due.”
Does this mean that I am against MLM? No. MLM can be a great tool of marketing if, used ideally, with honesty. If some concrete product or service is sold through it, not merely some get-rich-scheme, not castles built in the air.
Uncle chips sells air but some chips also. But many MLM companies sell only the air.
If an MLM company has some genuine product to sell and if the product is sold on a competitive price, not over priced in the name of some exclusivity of the product, available with the company only, it may considered a fair play.
But sadly there is almost no company who is using this tool honestly.
Only a few days back Amway (one of the pioneer MLM companies) people were arrested by Kerala Police for malpractices. RBI too has shown its worry regarding mal-practices of MLM companies.
I have seen, misuse of MLM in educational field also. "Landmark Education Forum", a well-established Life Coaching Company uses MLM for promoting their business. They call the learners to call their relatives and friends in a very tricky manner, and influence these freshly invited visitors to join their program and this system goes on and on. Landmark does not use traditional advertisement and why should they do, when they have this cheap way. And why I call it cheap, only because Landmark Education uses Mass Hypnosis. After exhaustive training of 4-5 days, people become very much vulnerable, they behave like robots. Various reasons are given to them to invite their near and dear to the program, so that the benefit which they got may be availed by the new invitees also.
There is nothing wrong in calling the new people, the only things bad are, using shrewdness, turning the learners into robots secretly & using MLM in a very cunning manner, something very dangerous.
The MLM technique is yet to be harnessed, meanwhile be aware, never get duped.
10) SHOPPING SUGGESTION
"You get, what you pay for."
Really?
Doesn't branding inflate the prices?
And does Branding mean quality?
Just see Johnson's, Amway & many more. Why they are paying penalties?
Inexpensive is not always cheap
&
Expensive is not worthy to keep.
COPY RIGHT MATTER, STEALING IS A PUNISHABLE OFFENCE, SHARING IS WELCOME. TUSHAR COSMIC
