I met Swami the second time to understand how he picked up the nitty-gritty of investment at an early age. Landing at Mecca of the Equity Investment Swami told me that it happened by chance. When Swami completed his Engineering in the 1990s , he did not get a job immediately as there was no …
Hello, I met my childhood friend Swami after a long time. Swami, right from his childhood days was very keen and curious about family finances. I told him that I am planning to write a chronicle on family finances and I would like to pick his brain for relevant personal experiences/stories. Swami agreed. What follows …
The Indian economy is slowing down. The growth in March quarter was at five-year low of 5.8% and for the full year, it was down to 6.8% based on government data. In past, consumer spend and government spending kept the economy going but the default from IL&FS last year had debilitating effect on the NBFIs …
Navigating through the challenging Equity Market Read More »
The Incidence My father (a Senior Citizen) has an account with one of the largest public sector banks in his hometown. He has a Debit Card from the bank, which he uses only for cash withdrawal from ATMs and no other transactions. On 30th October last year (2018), when he visited the branch ATM to …
Finally, after a long gruelling campaign, the General Election result is out. The resounding mandate for NDA/BJP has set the stage for strong stable government for the next 5 years. The majority in both houses (Lok Sabha and Rajya Sabha) will enable the government to push through tougher legislations. Modi’s first five year had mixed …
What the Outcome of General Elections means for your investment? Read More »
This General Election (2019) feels different. The election started on 11th April and is going to get over on 19th May running over 40 days in 7 phases enabling 900 million eligible voters to cast their ballot. Largely, there has been no untoward incidents except for few minor incidences in West Bengal. The campaign also …
Crystal Gazing Indian Equity Market in a General Election Season Read More »
If you own endowment policies and have not evaluated them at the time of purchase, then do not shut your eyes, evaluate it now. Each additional payment of premium for the policy will make your decision to continue or surrender even more difficult. To set the context, let me put a few lines on the …
Why you must think twice before purchasing endowment policies Read More »
We are in uncertain times. Global economy is taking a pause. In the US, the treasury yield curve has inverted after a decade long bull run, which typically has been precursor for a recession. Unclear direction to BREXIT is making things difficult for UK and Europe at large. China’s economy is slowing down and the …
The need of the debt asset class in the investment life cycle of a person is important. Initially, when income and total net worth of an investor is less, the debt investment primarily happens through PF and PPF (debt cum retirement schemes). Overt time, the net worth of a person grows with more investible surplus …
Should the debt mutual funds be part of your portfolio? Read More »
In my discussions with friends, colleagues and clients, financial planning does not quite get the attention it deserves and for the right reasons. Some believe that a formal approach to financial planning is not necessary to manage personal finance, while some others have reasonable comfort with the finances they have and believe that everything will …
Why is it risky to have adhoc approach for financial planning? Read More »