Last Updated on December 18, 2021 at 10:49 pm Since we cannot change the way the stock market operates all we can do is to make sense of its returns and invest wisely.In this post I use Sensex data to understand the nature of its fluctuating returns (including dividends!). The Excel sheet attached which will…
Continue reading →Last Updated on August 30, 2021 at 3:25 pm How would you answer if someone asks you: “I know that a systematic investment plan (SIP) in a mutual fund is an effective way to accomplish financial goals, but how often should I invest? Each month? Each quarter? Or should I invest daily? Which option provides…
Continue reading →Last Updated on August 30, 2021 at 12:14 pm It is a terrible idea to open a fixed deposit in your spouse’s name with your money. In general, this arrangement is a terrible idea with any taxable instrument. Terrible, because of the complex way in which the interest income will be taxed. Of course this…
Continue reading →Last Updated on September 22, 2016 at 1:54 pm These are the latest FD calculators: Download the FD calculator (suitable for FD durations in months and years) Update Oct 2013: Download the FD calculator (suitable for FD durations in months and years) with pre-tax and post-tax annualized yield for each month of investment. Download the…
Continue reading →Last Updated on August 30, 2021 at 4:21 pm Part I: A Step-By-Step Guide to Long Term Goal-Based Investing Download the Step-by-Step Goal-Based Investing Calculator Macros need to be enabled. Macro used is derived from Excel Workbook A standard goal calculator is also included for comparison. Part II: The What, Why, How and When of…
Continue reading →Last Updated on January 31, 2021 at 11:12 pm Rajesh Dalmia a certified financial planner and director of Mandar Learning Academy has authored an impressive do it yourself financial planning guide for investors to understand the basic features of insurance planning and goal-based investing. The guide has four excellent calculation charts that enable one to…
Continue reading →Last Updated on January 31, 2021 at 11:12 pm ‘Conflict of interest’ is a concept poorly understood by most Indians: from the dislodged BCCI chairman for obvious reasons to a school teacher offering private tuition. Conflict of interest also looms large in the Indian financial advisory business. I would bet that more than 95% of…
Continue reading →Last Updated on January 31, 2021 at 11:13 pm If you are holding fixed deposits, you could use this calculator to compute: tax you need to pay each financial year after accounting for TDS advance tax instalments to be paid (if applicable) This calculator is a spin-off my recurring deposit calculator which was featured in…
Continue reading →Last Updated on October 12, 2021 at 8:44 pm This summer I am spending quite a bit of time with my 16 year old nephew. He is a philosopher, writer, artist and entrepreneur! He makes money by doing chores for his parents. He makes money by doing drawing assignments and other odd jobs for his…
Continue reading →Last Updated on January 21, 2022 at 8:47 pm Question 2: Name mutual fund types with near zero probability of money-loss? I am big fan of lowering risk and tax. Before I save and invest I try to choose instruments with minimum risk and tax out-go. Of course the type of risk differs: loss-of-money-risk when…
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