Investment or Insurance Advisor is Not Your Financial Planner
My friend’s mother-in-law is a widow; she is 75 years old. She sold one of her properties and put Rs. 67 Lakhs in Bank Fixed Deposit in Sr. Citizen Account, she used to run her expenses with the interest. A share sub-broker wrongly advised her to invest in shares; she was told that she can earn more than Bank Interest. She initially invested Rs. 20 Lakhs and made profits within 3 months and...
Read MoreMoney Matters in Life
It’s Rahul’s 10th birthday and he is all excited about gifts he is going to get , specially the Blackberry Curve his father has promised followed by a lavish dinner at a five star hotel!! Prasad wants to go abroad for higher studies but his family cannot bear the expenses. Prasad has always compromised his wishes about new cloths, books due to scarcity at home. His wish is to earn lots of...
Read MoreFinancial Planning for Newly Wed Couples
Wedding Planning is important, but so is Financial Planning… Getting married is exciting but it brings added responsibilities along with joy and happiness. Suddenly ‘I’ becomes ‘WE’ and all decisions become joint decisions – be it personal, professional or financial. The financial decisions you make as newly married couple impact your financial future together. But people...
Read MoreStress Test in Personal Finance
You must have heard of “Stress Test” carried on American and European banks during the 2009 crisis which brings out the reality on under-capitalisation of banks and how prepared they are to face unfavourable economic scenario. As per Investopedia, bank stress test is an analysis conducted under unfavourable economic scenario which is designed to determine whether a bank has enough capital to...
Read MoreSynchronize year-end investments with goals
It’s the time of the year when individuals rush to sign up policies or do investments which have no direct link to their financial goals but more to do with saving taxes. Insurance agents get on a calling spree to sell their products, be it life insurance to get you exemption under section 80C or medical policies to get you exemptions under section 80D or any other. These calls can be...
Read MoreInvestor Adviser Regulation – is it really good for consumers
More regulations protecting investors are good, right? Wrong. Too much regulation will actually scare away players from the turf and make operating in the marketplace expensive & onerous at the same time. This regulation is anachronistic, when we realize that the common man needs more choices to get dispassionate advice. Now the choices will narrow, considering the fact that there will be...
Read MoreConnect with us
Recent Comments