Getting a travel insurance policy is slowly becoming an indispensable part of a traveller’s list of ‘must-have’ things. The basic purpose of opting for travel insurance is to safeguard against high medical costs as well as baggage delay or loss. Other eventualities covered include loss of passport, missed flights, financial emergencies and housebreak when the… Read More »
Risk tolerance is a factor that varies with one’s portfolio duration, value, liabilities and return expectations. However, in case a couple is looking for such a big time horizon (more than 15 years), risk tolerance should cover all other variables. Equity investments, as shown by countless researches, are best suited for long-term investment durations.
RBI issues tax-free ‘RBI Relief Bonds’ which offer 8.5% interest rate compounded every 6 months. The bonds are extremely safe and mature in 5 years. A special feature is that these can be pledged as securities in a bank for borrowing credit. RBI Relief Bonds can be sold to another party in the secondary equity… Read More »
One sure way to find some excess cash in a downturn is to reduce expenses and lifestyle purchases. The point is not to cut down on the fresh fruit that we buy for our children, but on the new sofa set that we planned for our living room. The new model mobile phone or the… Read More »
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 »