If God was a banker, I was in the company of Devils!
I have known lot of Devil's , some snake charmers too.
Snake charmers are always a breed- found in the fields of Gold!
Managing people's money, is never easy. Being honest is the toughest decision you make , because you have to achieve that target/ that contest/ that trip/ that incentive, that lures you to taking short cuts in life. Life is a great leveler, you can win some in the short run, but it shall be level playing field sooner or later.
I met a guy once, he told me he won't buy the product I was selling, but he would definitely buy the shares of my company some day.....I guess I couldn't sell because I was honest, but I was able to win an investor for life.
Now coming back to the snake charmers. The most beautiful lot in your institution, hired to make the riches move their coffers. They can sell without selling, even to dead!
Once I got a complaint from a customer, I went to meet her along with her relationship manager and I was shocked to see that she was suffering from cancer. The issue was that she couldn't pay the premium of an insurance policy because she needed the money for her treatment. The snake charmer had sold it saying its a short term safe investment. We were able to report the mis-selling and get her money back for the much needed cancer treatment. The snake charmer had disappeared by then. Snake charmers go into hiding after they have made fortunes, thinking nobody would notice them, till life comes a full circle.
Beware of snake charmer's, they got an eye on your gold.
While dealing in money matters , look for the following:
1. How long has this person been doing the job?
2. How many times has he/she changed jobs?
3. One who can't make money himself/herself, can't make money for you.
4. Is the person selling or understanding what you need?
5. Does he/she appear only when a new product has come on the shelf or does he/she come for regular appraisal of portfolio?
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