This is a cheat sheet on what you need to know about personal financial planning. I cannot blame you if you are already feeling overwhelmed about the kind of financial stuff being thrown at you! Let us get the basics right: 1. Personal financial planning is SIMPLE. This does not mean it gets done, but [...]
We are in the cowboy stage of financial advisers. Let us say something like the 1970s of the stock exchange or the 1940s of the banking industry! Let me list a few: 1. If you do not understand equity markets stay away: Correct advise only if you are so damn rich that you are not [...]
It is the financial literacy month in the US. So obviously there are many programs around the country spreading financial literacy. Many colleges like Wake Tech Community College and universities like Tennessee University are among the more prominent and interactive ones. My take on financial literacy is, it should be a FINANCIAL LEARNING program and [...]
Most writers of personal finance have spent half their lives talking about the virtues of compounding, well, at least I have. So not compounding your money is bad. That is done and dusted. What can be worse? Borrowing. Borrowing is worse than not compounding your money – it is a case of NEGATIVE compounding. [...]
I have no clue whether I am good at writing, but I am poor in excel. I have no doubt about that. So when I have a nice calculator idea I had to sit with one of the kids in our office and TEACH personal finance. Sure they have created personal finance trackers, variable [...]
i have said this, and so has the industry…. timing the market sounds sexy but it is not possible to achieve… now here is some American RECENT evidence…read on http://www.usatoday.com/story/money/personalfinance/2013/03/09/funds-investing-beats-timing/1968323/ Post Footer automatically generated by Add Post Footer Plugin for wordpress.