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Financial IQ

Overview of a Financial System

Before we discuss in detail the various instruments available in the financial market and their role and significance in personal financial planning, it would be helpful to have a brief overview of the financial system in India.

 

The Financial System Consists of Financial Market Segments, Players in the Financial Markets and Financial Instruments 

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Insurance

How an actuary buys Insurance?

Trent Hamm runs a personal finance blog by the name "The Simple Dollar". The Simple Dollar is for people fighting debt and bad spending habits while building a financially secure future and still affording a latte or two. Our busy lives are crazy enough without having to compare five hundred mutual funds - we just want simple ways to manage our finances and save a little money.

In the following post, (http://www.thesimpledollar.com/2007/06/07/interesting-insights-into-life-insurance-from-an-actuary-how-he-would-buy-life-insurance/) Trent recounts his meeting with his PhD in Maths and Actuary friend who works in a big Insurance firm about the amount of insurance one should buy.

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Editor's Choice

Dilbert should win a Noble Prize for this unified theory

MarketWatch.com has an article by Paul Farrell on why Dilbert should win the Noble Prize for his simple but unified theory of everything financial. 

OK, so Dilbert didn't win the Nobel Prize in economics this year. There's always next year, right? Or perhaps a parallel universe? You may wonder whether Dilbert and his creator, cartoonist Scott Adams, have any chance, but since the Nobel committee's records are sealed for 50 years our imagination runs free.

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