Thursday, June 3, 2010

I like the new look of The Business paper Mint. Now there is more on the Personal Finance front in it. Of course, I was never a fan of the sections that disect new Financial products. These days one cannot be sure what is being paid for and what is not. But if you discount the advisory part (it comes with a "do at your own risk" caveat anyways. So being risk-averase I ignore it:-)), then the bare-bones summary of the salient features of new products as well as a list of potential gotchas will go a long way in helping people decide on whether to invest or not.

I always admire Monica Halan's column. This week's article was an eye-opener in the sense that she gave 2-3 instances of the financial products' mis-selling. I am sure the regulators need to do their part but they can do only so much. Finally, it is upto us to check out at least a few basic facts before investing because it's finally our money. But something more is needed if this awareness is to be taken to the grassroots level.

There is no dearth of Personal Finance sites and blogs in English. I am not sure about the scenario in vernacular languages though. And for those of us who don't go online, there should be more financial news in print in local languages - in an easy-to-digest format.

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