One of the most commonly held notions is that once a person owns a house and his or her children are securely settled in life, the only requirement left in old age is dhaal and roti (lentils and bread). This is far from the truth. In retirement too a person will have to spend money… Continue reading Retirement Planning – Its not only about Dhaal Roti
I am reproducing a typical advice by a financial advisor below. This appeared in Mint 27 February 2020. A Question Question by a reader of the newspaper: Currently my net worth is around Rs. 5 lakhs. I invest Rs. 3,000 each in Canara Robeco Emerging Equities, Aditya Birla Sun Life Frontline Equity, Kotak Mahindra Emerging… Continue reading Money Does not Grow on Trees
Retirement planning is not in the minds of the millennial or the younger persons. Life for them is just beginning and retirement is a long way off. You do not think of old age when are at the prime of your youth. And it is perfectly natural also. It is a natural thing for the… Continue reading Retirement Planning – Catch them Young
Inflation eats into the returns you get in low risk investments. All investment advisors will tell you this again and again. It has been told so often that all laymen accept it as the truth. Low Risk Investments are the Best Hedge Against Inflation The reality is however quite different – in fact it is… Continue reading Low Risk Investments and Inflation
Life insurance endowment is a wonderful product. Unfortunately it has come in for a lot of criticism and the general perception is that it is a low return product. It is compared to mutual funds which are seen as higher return products. The criticism is from people who understand little or nothing of an individual’s… Continue reading Life Insurance Endowment – A Three in One Product
“I have land, gold, and a lot of other investments. The next few generations are taken care off. I do not need life insurance”. How often have we heard of this statement from rich people? And how often have we failed to convey to them the need for life insurance? It is a given fact,… Continue reading Do HNIs need Life Insurance?
We have pointing out in this Blog that life insurance endowment is the best long term savings option for long term financial needs. One of the principal reasons for this is that it is low risk (not necessarily low returns). The question that arises next is that bank fixed deposits are also low risk, then… Continue reading Bank Deposits Are Not for Long Term Planning
High risk investments are not suitable for long term needs. The risks of not getting your money for the planned need is very high. Long term needs are ideally met by low risk investments.
A Rent Past Experience It will be worth recalling a recent experience of the introduction of a new financial product for retail investors. Every now and then, there are new avenues of investments for the retail investor. A few months ago it was the Alternate Funds which were aggressively sold. The Alternate funds also called… Continue reading Bonds of State Governments
In the Budget for 2020, the Finance Minister has provided 2 options for tax payers. The Minister has provided the option of continuing with the regime of tax exemptions that tax payers were used to all these years, and pay a higher rate of income tax. If a tax payer opts out of the option… Continue reading Budget 2020: Tax Exemptions – To Take or Not To Take
