It is easy for the common investor to get carried away by the agent telling him about the “best performing fund”. The question to ask is “How will the fund manager maintain the same rate or a similar track”. The answer is we cannot. Check out the article on risk and performance. See the amount […]
Personal financial planning is the development and implementation of a comprehensive plan to help a person achieve financial goals. The idea is to focus on these goals as the starting point in a financial planning process. In the planning process, an individual’s financial affairs (i.e., investments, savings borrowings, insurance, retirement plans, estate plan, charity, and […]
It may sound very outlandish and out dated that I do not allow my clients to borrow for investing. In fact I have become very unpopular with some clients for this very reason. However I am against people borrowing against gold, against their properties (top-up loan), personal loans or even a leveraged application in the […]
What a sensational rumour! The sensex is down because a big group which was holding a lot of share across various counters today continued selling! There was a vested interest for a lot of people – a big power IPO has many stakeholders you see. So all the kings men and all the kings horses […]
When I conduct financial seminars – business and personal finance, many people think the fees is too high. My only take is if you think financial education is expensive at 20k for a session, please analyze the cost of financial ignorance! That is really high. Financial education is about being more careful. Financial ignorance can […]
First Make a budget! Budget, is normally a word which has negative connotations! If you see saving and investing as “consumption foregone today for consuming at a later date” you might see it in a different light. One of the challenges with proper budgeting is that it has to become habitual to be effective. You […]
Most retail investors assess performance of their mutual funds by looking at one number – returns. What most investors ignore is the risk that your fund manager took to get you that return. That is to say “how many sleepless nights did your fund manager give you for getting those returns”. Thus bigger fund performance […]