Blog about Financial Education, Advisory & Planning
It may be encouraging to know that you have finally decided to save money and invest it smartly to make it grow. But you should not blindly invest without knowing how much risk you can take. In other words the first step is to decide what mix of investments (Debt- Equity-Gold-Real Estate-Others) you should take …
Home loan rate for new borrowers after 1st April 2016, linked to 1 year MCLR have come down drastically in the last 1 year. But borrowers who are under the Base Rate (loan taken prior to 1st April 2016) regime having seen their interest rates fall by a significantly lower amount. They will benefit by …
Recently the government made it mandatory to provide both Aadhaar card number and PAN number while filing for taxes. The 10 character alpha-numeric Permanent Account Number (PAN) is a unique ID that every taxpaying body in India needs to have currently. The 12 digit Aadhar card number has additional features like a biometric thumb impression …
On 1st April 2017 the Government announced a 10 bps interest rate cut across all small savings schemes offered, from Senior Citizen Savings Schemes to Public Provident Fund and mind you this is not the first cut over the last year when the government decided to revise small savings rates every quarter depending on economic/market …
Most individuals run around in February- March every year to complete their tax savings investments and then forget about money and taxation when the new financial year starts in April. NOW is that time of the year when you should start investing for next financial year slowly & steadily so that you don’t have to …
Better late than never: Financial decisions you should take now Read More »
Though lending rate decline is good news for home loan buyers, decline in FD rates are making investors worry. With interest rates for deposits falling to 6-7% levels retail investors are feeling the pinch. So how to deal with a falling interest rate scenario and are there alternatives is what investors are thinking now. Mutual funds, …
Interest rate fall- Think beyond bank fixed deposits… Read More »
In my previous article I had discussed how to use our retirement corpus. Now we also need to understand, as young professionals how to build up the retirement fund. The 2 basic rules to follow would be: 1. The earlier you start the better as you have more time to save money. 2. Have the …
Retirement planning – Invest early, invest wisely Read More »
You may think that Rs.50 lakh or Rs.1 crore is enough to retire on today, but the question is with the continuous price rise, will it be enough for 25 or 30 years? If your retirement is still 20-25 years away you need to plan all the more carefully as even 50 lakhs may be …
How much should one invest for a comfortable retirement today? Read More »
The advent of online trading platforms has eased investing in shares for everyone. This ease is encouraging many investors to take a DIY (Do-It-Yourself) approach rather than depending on financial advisors/brokers/dealers for advice. However, the lack of understanding about capital markets leads many to take wrong investment decisions. Here are some of the common mistakes …
Common mistakes investors make in equity investment Read More »
As we are nearing the end of the Financial Year there has been a spurt in activity with regard to tax saving investments. Investments are potentially your second income & security for a better future & thus should be planned carefully so that poor investment choices are not made. But all said it is human …