Free Membership to Moneylife Foundation
Dear Reader,
Nearly four years ago, Debashis Basu and I launched Moneylife, a personal finance magazine with a difference. Happily, Moneylife has rapidly gained acceptance among readers. We take pride in putting the reader first and provide unbiased information on investment opportunities without easy compromises. And yet, unlike several large media outfits, we have paid a dividend every year. But it is not enough. We believe that there are far too many people who need to understand how to be smart with their money and to keep it safe. With this in mind, we have launched Moneylife Foundation, a knowledge and advocacy initiative for investors and consumers. Join us in our effort to spread financial literacy and in working towards safe and fair market practices. Moneylife Foundation is registered as a not-for-profit trust and intends to engage in spreading financial literacy through workshops, round table meetings and awareness campaigns; advocacy to crystallise policy and bring about regulatory changes to protect investor rights and grievance redressal, counselling and research.
Rationale: Moneylife goes beyond mere personal-finance information and has a strong consumer focus. We help resolve readers’ problems and take a stand on matters concerning investors and consumers through dialogue with regulators and government departments. Our regular readers know this through experience. However, we find that unbiased information needs to be supplemented with concerted efforts to spread financial literacy. Lack of knowledge and understanding about financial markets and financial products is the root of most investor problems. For instance,
- Equity and debt investments are based on bad advice and no research.
- Broker and bank accounts are misused because investors are unaware of having signed a Power of Attorney in favour of brokers and often don’t read transaction statements.
- Borrowers end up in a debt trap because they have no clue as to the steep interest charged on cash withdrawal or roll-over of credit-card payments.
- The concept of a credit history and the long-term implications of a negative credit history, due to payment disputes or defaults, are unknown to most borrowers.
- Transmission of shares and property is a cumbersome process that needs change. So do concepts like reverse mortgage and insurance practices. Senior citizens need to be especially aware of these.
Be a Member now for great benefits!
To regularly address the various issues investors and consumers actually face, we invite you to be a member of Moneylife Foundation. Membership entitles you to the following:
- Access to information and discussions on advocacy issues.
- Invitation to attend the free workshops on financial literacy.
- Information and invitations to attend special focused meetings with financial luminaries, as well as events or round table discussions.
- Grievance redressal (on a best-effort basis and only by email).
For registration form, email: mail@mlfoundation.in
Or email with following information: Name, Email ID, Address, Age, Telephone
For online registration: http://www.moneylife.in/register.html
Address: Moneylife Foundation, 305 Hind Services Industries Premises, Off Veer Savarkar Marg, Shivaji Park, Mumbai–400 028,
Tel: 022-2444 1060
Website: www.moneylife.in
Thanking you and looking forward to your participation in Moneylife Foundation.
