Travel Insurance – before you book your tickets
Whether you are on a family vacation or on a corporate trip, travel insurance is your crucial companion during the visit. Last month my friend visited the United States to attend his company’s annual conference. On the final day he lost his baggage but luckily he was still having his passport with him. The lost baggage contained his laptop, mobile, camera & some other personal items but...
Read MoreMutual Fund reforms are going to impact you from Oct 1st 2012
If you noticed government is on 5000 horse power engine from last couple of days. They took risk of announcing FDI in retail, curtailing subsidized cooking gas & went ahead with diesel price hike – irrespective of pressure from coalition parties. I always wonder why politicians are not asked to study economics (or may be a mandatory crash course in basic economics before taking oath) –...
Read MoreEngaging the right planners, for best results
Financial Planners keep comparing their profession with doctors – the process and result. A doctor works on health of their patient & financial planners also claim to improve financial health of their clients. Process is again very similar – people come for consultation, doctors/planners do diagnosis & suggest some medicines/products/solutions. Process of Financial Planning I am...
Read MoreWhat are your plans with bonus?
Fruits of patience & hard work are always sweet – this applies to your job too. Most of the employers in India have yearly appraisal systems and they declare bonuses & salary hikes, in the month of April. This is a rewarding moment & for some, this is the time when they think of leaving the job and start on their own. But if you have really worked hard, and other parameters are...
Read MoreRetirement Planning versus Child’s Future Planning
Recently I was talking to a client who was approaching retirement – both of his parents are alive. To my question, “Do your parents stay with you?”, he politely replied, “No, we stay with our parents”. This one line created a lot of respect for the client; but the question is, will we be that lucky in our retirement days. These days retirement is a real challenge due to low pension or...
Read MoreFinancial Planning And Your Valentine
I will be a log-head if I commit the sin of saying or writing anything which has no connection with Love Week or the Valentine’s Day. But I also have to fulfill my duties of being a financial planner, so I am venturing in this new territory where I will try to unify (or crucify) the two different ends of this earth – romance and finance. Valentine time is all about togetherness. This is...
Read MoreFinances for Generation Y – young & restless
I grew up listening that we are Generation X (Gen Next) and we have a very different thought process. Generation X contributed in improvement of India’s economy and they are more comfortable with diverse perspectives. Recently I felt bad when I read that we (Gen X) are called old fashioned as Gen Y and Z are changing the face of society. According to demographics people who are born...
Read MoreFive Investment Risks that you would have never heard of
What comes to your mind when someone says RISK or this investment is risky? Risk for most of the people has only one meaning, losing the principal amount. In scientific language “Risk may be taken as downside risk, the difference between the actual return and the expected return (when the actual return is less), or the uncertainty of that return.” Information risk – This is very important...
Read MoreUnderstanding gears in investment vehicle
Do you know that investment products are called Investment Vehicles as well? The reason is that vehicles takes you from Point A to Point B; so as Investment products take you from where you are today to where you want to be tomorrow, in terms of your financial goals. They are meant to make sure that you reach your financial destination or in other words you reach your targeted goals. For...
Read MoreRetirement Planning for Young Businessman – Case Study
Recently Vanity Fair Magazine named Mark Zuckerberg founder of Facebook as world’s most influential person & TIME magazine selected him as person of the year. He is just 26 years old. We all are inspired by founders of Google – who are ruling the world at such tender age. We can find similar examples back in India – Sabeer Bhatia shook the world when he was just 28 by introducing web...
Read MoreTips to rent the perfect house
There are more tenants than the landlords. And if you have had an experience of living on rent, the itch must have occurred. You must have you had an exchange of words with your landlord over maintenance, or some other issue. That is the very reason people are always on the lookout for a new roof, even though they are financially not prepared. Through this article we will help you take the...
Read MoreFinancial Planning for Defense Personnel
I was always fascinated by defense personnel’s life – their style, attitude & discipline always inspired me. The reason was not that the “Girls like the men in uniform”, but I was always surrounded by them. My father was an Army man, my grandfather had also retired as Major General & my uncle is still serving the nation. Last week I met my uncle – I told him that “It was...
Read MorePsychology of an Indian when it comes to Life Insurance
The moment someone wants to talk about life insurance to you, what comes to your mind? - Not again! I am already having many life insurance policies with me. How much more should I invest in Insurance. I need some other investment option. - I really don’t need insurance now, I can plan for it during the last quarter of financial year or my limit of Rs. 1 lac is...
Read MoreSurgery Vs Chemotherapy of Mutual Fund Industry
We all know about the state of Mutual Fund industry – a patient, who was once healthy and now is a basket case and is fighting for survival. As it happens, a good and perfectly normal patient has been administered lethal doses of medication, without verifying the toxicity or the adverse reactions. Conditions worsened but the doctors from SEBI Medical Institute proceeded to surgery, in the...
Read MoreOccasion, Why not gift a insurance policy
One of my client, called me sounded worried. His father, who was retiring in two months after an illustrious career in a private sector bank, would be exposed to medical expenses after his retirement. I explained to him that he can take a medical insurance policy and I also told him to pay the premiums so that he also gets a tax deduction under Sec 80D. He seemed to be relieved. He wanted to know...
Read MoreHow to choose Your Financial Advisor
Finding financial advisors or sales representatives who call themselves advisors, is easy. They are seemingly on every street corner. More than 50 Lakh people in India sell investment and insurance products. The low entry barrier for selling the financial products has ensured that anyone at all can become an advisor. The basic expectation from an advisor is that he would offer unbiased advice....
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