- To contact me, please email me at: firstname.lastname@example.org
- Before emailing me, please read through the Fees page (particularly the Fees and the suggested minimum net worth for each age group) and the Approach page
- In your email, please send me a link to your LinkedIn profile and your mobile number
- Only if you do not have a LinkedIn profile, then please send me a link to your profile on your company website or something equivalent
- In the unlikely event that you do not get a response from me within one business day, then it is probable because your email or my email went into the spam folder. In that case...
- Please send me a WhatsApp message at +919538950469
- If that is not possible, then please send me an SMS
- Please do not call this number
- If we take this forward, then we could schedule an introductory audio call, which will be free of cost (I do not provide any investment advice during this introductory audio call)
Human nature pushes all of us to feel that paying an amount explicitly is more painful than paying ten times that amount in an indirect and hidden manner. But 'feelings' are a poor basis for financial decisions. Hence, Charlie Munger (the wisest investor in the world, according to Warren Buffett) summarized the secret to his success in one word as being “rational”.
A good way to understand this in the context of Investment Advice is the following example.
All of us understand that it’s rational to directly pay a doctor a fair fee. And that it is irrational to pay a doctor a low fee or no fee and instead ask the doctor to indirectly earn their fees from commissions paid by pharmaceutical companies (e.g. for chemotherapy) or diagnostic labs or manufacturers of implants. In case we are irrational, luckily, doctors are fiduciaries. And hence, the law specifies that doctors should put the patient’s interests ahead of the doctor's own interests.
However, the law allows all Distributors of financial products (who earn a commission) to put their own interests ahead of the client’s interests.
Further, the law demands that SEBI RIAs put the client's interests ahead of the RIA's own interests. But there are only around 25 RIAs in India that follow this in spirit by having a transparent and cost-effective Hourly-Fee, else then a Fixed-Fee. Other RIAs that typically charge 1% p.a. of the client's Assets Under Advice are tricking their clients into transferring around 26% of the client's net worth to the RIA over 30 years.
Hence, it is even more important to be rational in how one pays for investment advice.