Papa Kehte Hain syndrome in personal finance

Papa Kehte Hain is a famous song from Hindi movie “Qayamat Se Qayamat Tak” starring Aamir Khan and Johi Chawla released in 1988. Verbatim translation of “Papa kehte hain” in English is “father  says”. Now this not an blog on hindi movies. Rather we will discuss what is meant by Papa Kehte Hain syndrome in personal finance. 

Personal finance mis-selling: Insiders story

Mis-selling of financial products is rampant in India. Basic financial literacy among common people is highly inadequate irrespective of educational background, profession, age.  This is exploited to the hilt by agents, bank relationship managers, personal bankers and others in mis-selling financial products to gullible people to meet their own target or earn hefty commission.

Psychology of stock market cycle

Today we are inundated with tons of information and sound bites on stock market. All sorts of chart, graphs, data point are being used to put forth different point of views. The talking heads in business channels tell us how different micro and macro economic factors are going to affect certain stocks.