Last Updated on February 11, 2021 at 8:02 pm Recently subra wrote an article on Payoff Mortgage or Invest…continued. Here is a calculator to fortify the argument I have modified my financial freedom calculator to accommodate immediate lump sum investment to the lender to check if that option is better than investing the money for…
Continue reading →Last Updated on September 7, 2022 at 9:00 am Thanks to the untiring efforts of many personal finance bloggers, the message “Don’t mix insurance and investments” is spreading fast and creating awareness. The message is intended primarily for those who are thinking about buying a pension-plan, child-plan, ULIP, endowment plan etc. but have not yet…
Continue reading →Last Updated on September 5, 2021 at 8:24 pm One of my teachers once told me, “stare at every graph and every equation you encounter. Milk all the possible information you can out of them before you move on.” This advice helps me on an everyday basis: to teach, research and learn personal finance. Most…
Continue reading →Last Updated on December 18, 2021 at 10:46 pm Among the many methods available to safeguard ones investment from stock market volatility, the most popular is to invest a fixed amount at periodic interval irrespective of market conditions. This is of course known in India as systematic investment plan or SIP. One could add an…
Continue reading →Last Updated on June 3, 2022 at 11:16 pm There are times when we have a large sum of money to be spent, not in one-shot, but over the course of a few years. Retirement of course is the most obvious and most complicated example wherein the corpus has to last from a few years…
Continue reading →Last Updated on December 18, 2021 at 10:46 pm He never said it! Said what? “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” “The most powerful force in the universe is compound interest” “Compounding is mankind’s greatest invention because it allows…
Continue reading →Last Updated on October 1, 2023 at 5:50 pm Financial advisory can be divided into components. One which is generic advice, the kind available at the cost of only electricity and internet usage charges in blogs, forums and elsewhere. Then there is personal advice which can be obtained for a fee from a planner or…
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