According to the Transfer of Property Act every joint or co-owner has a proprietary right of the entire property. Hence, any sale has to be done with the consent of all co-owners involved. If, however there are specific conditions in the agreement that gives co-owners exclusive rights to certain parts/portions of the property, a co-owner… Read More »
A look at the past 15-20 years record, it is seen that Gold is a hedge against inflation. Over the last 20 years, the average return from Gold has been around 7%. So, if the past trend continues, one could expect around say 6-9% returns from gold in the long-term.
If a woman earning Rs. 50,000 per month takes a 5 year break from her job because she wants to be at home with her child, her earnings and thus savings take a hit of Rs. 30L. We have not yet considered any increment in her salary. If we consider that her salary increments by… Read More »
When we set out on a journey, we need a clear map, showing us the directions we need to follow to reach our destination. In the same way, whenever we set out to reach a financial goal, we need directions to help achieve it. This guidance is provided by the financial planner. He recommends you… Read More »
It is important to compare the performance of the fund with the funds having the same profile. E.g. a small-cap fund must be compared against another small-cap fund. Don’t compare it with a banking fund, as both the funds have different profiles. Also compare the performance of the fund vis-à-vis its benchmark index.
Use real-life experiences to demonstrate everything you want to teach. Learning by observing and doing is the most powerful tool. Such as when you go grocery shopping, and can use the opportunity to showcase planned spending, or how to recognise value for money. Or if you decide to use a credit card at a restaurant,… Read More »
You will notice that the more you delay, the more you need to invest, hence it makes sense to consistently set aside about 10% of your monthly income for your retirement fund. This will mean your savings will increase correspondingly with your income, enabling you to grow your funds exponentially.
Looking to file a complaint against poor services offered by your bank? Time to get in touch with the Banking Ombudsman.
Managing a budget for your household is more than just keeping track of all the expenses for the month. It is a chart of how much income there is, how much will be spent, and what can be saved. The idea of the budget is to broadly plan for living within your means. A budget… Read More »
The new SEBI norms have directed the mutual funds companies to stop charging any Entry load on new fund investments. These new norms are applicable on all the new mutual funds launched after 01 August 2009 and on all SIPs to be launched after the same date. But, if you already are investing in… Read More »