My laptop had crashed.
I visited one of the branded stores to buy a new one and something horrible happened there. You should listen to this.
A sales person walked up and asked me, “Madam, are you looking for laptop?”
I said “Yes I am”
“What specifications are you looking for?” he asked.
“Ah…!” I gulped hard, feeling utterly stupid. “I… I… don’t know what specifications I am looking for. Just tell me what you have” I said.
He picked one of them and started, “Madam, this has Intel corei3 6thgeneration processer, 1 TB memory, some GB RAM, optical something, something something….”
I did not understand most of what he said. I still asked him “How is it better than this one?” pointing at another laptop.
“Madam, how can you even compare this and that one? This has 6th generation processor, 1 TB RAM, something something….” he went on.
He could have just killed me, just killed me just then, please.
I walked out of there empty handed.
I am wondering who is to be blamed for this embarrassment and utter waste of time? My own lack of knowledge, under preparedness before going for shopping? Or was it the salesperson who assumed everyone would know all that he knows?
The more I think about it, the more instances come rushing to my mind when financial advisers like me rant assuming you understand as much as we do.
How many times have I heard advisers lecture about asset allocation, XIRR of investments, contribution ratio, hedging with derivatives, Treynor’s formula, risk adjusted returns etc… all of which would have sounded like ‘something, something’ to those listening? I can’t imagine how horrible that must have been.
I apologize. You deserve better, seriously.
To atone for my sins, I put out an e-book that can be a simple guide to basic knowledge you should have about personal finances.
So if you want to quickly learn
What to look for in an investment
How to sound intelligent and informed when you meet a financial adviser
What questions to ask so that you avoid big mistakes and
How to make good financial decisions
Click on the box to your right that reads “Cheat Sheet on What to Look for in an Investment”.