“Compound interest is the eighth wonder of the world. He who understands it, earns it… he who doesn’t, pays it.” If you are under 30 and know who said this, you da man! If you are under 30 and have no clue, read this little story before we let you in on who said this.… Read More »
Most people postpone their travel plans because they think they’re too busy, or it’s too expensive. If you have postponed it for the second reason, saving money while travelling is simple. In fact, traveling on a budget is fun, and with a little planning, you can keep aside all those unwanted charges many people end… Read More »
Suhasini, a mother of a 5-year-old girl, is in a dilemma. Ever since the government has announced the launch of a scheme for girl child—Sukanya Samriddhi, her relatives are after her life to get an account opened. The buzz around the scheme has already created a lot of excitement, and Suhasini is being virtually ‘poked’… Read More »
No matter how savvy an investor you are, a little certainty of returns from the investment portfolio adds to your comfort. If equities give wings to your portfolio, fixed income instruments offer stability and certainty. Therefore, it is important to have a right mix of debt and fixed income investment options in your portfolio. Prateek… Read More »
Internet – the greatest utility to mankind – has revolutionised the way we think and seek information. But it is subject to both adulation and criticism. Yes, the Internet cannot teach you how to find a needle in a haystack or count the drops in the mighty ocean. But, help you in buying insurance? That… Read More »
The birth of a child brings immeasurable joy to parents. However, after the initial euphoria subsides, the future expenses start staring at you in the face. Add to this the innumerable ads on TV and print media, and you’re left with only one choice: buy a child plan. That’s the beginning of your second problem… Read More »
When it drizzles, a hanky over your head probably suffices. When it pours, you probably pull out your umbrella. But, when it is pounding, you’d better pull on your rain-sheeter and scramble for the nearest cover. Insurance is no different. Here are some good God-given reasons why you’d re-evaluate how much cover you need. Increasing… Read More »
“Beware of little expenses. A small leak will sink a great ship.” You can stop scratching your head now ‘cos we’re going to tell you who said that. Why, it’s Benjamin Franklin, of course! Franklin could have as well been talking about spending on insurance policies. On an annual basis, the difference in premium between… Read More »
If you’ve ever sat for hours in front of a Las Vegas slot machine plunking in coin after coin and waiting for those four 7’s to ching-a-ling into view, you know what it’s like to keep paying premiums towards your term plan without ever seeing a penny in return. Why then do people buy term… Read More »
Choosing an insurance plan is like ordering with friends at a restaurant – the most popular person’s choice prevails.You perhaps do your own research, but end up choosing a plan that your friend has purchased. Does this sound like you? Well, it’s a golden rule of investing that what’s good for your friend may not… Read More »