Last Updated on December 18, 2021 at 10:47 pm There are many articles on the web that talk about the difference in the way debt mutual funds and fixed deposits are taxed. Almost all of them (including the ones by self-proclaimed beacons of financial literacy) talk about post-tax returns typically over 3-5 year periods. To…
Continue reading →Last Updated on December 18, 2021 at 10:52 pm Warren Buffet, in a letter to his shareholders said, ‘do not ask a barber if you need a haircut’. This applies to many situations in life. In the present context, ‘never ask someone in the financial advisory business, if mutual fund selection is hard’. Selecting a…
Continue reading →Last Updated on December 18, 2021 at 10:46 pm “This is a guest post from Abhinav Gulechha. Abhinav is a Certified Financial Planner and writes at www.sohamfp.com. Views expressed are personal.” ~~~~~~~~~~~~~~~~~~ In today’s credit-driven economy in which we live, one can buy anything provided you have the income to support it. Owing to an easy…
Continue reading →Last Updated on December 18, 2021 at 10:49 pm Does this question sound familiar? Bet it does. This is probably one of the most popular questions asked in any investor meet or television show. The answer is surprisingly simple and the reaction to the answer, in most cases, unsurprisingly indifferent. In academic circles we have…
Continue reading →Last Updated on March 29, 2019 at 11:21 pm I love movies. Before I started taking freefincal seriously, I averaged about a movie every two days. I tell my students that I am cursed: If I do not watch some portion of a new movie every day, I will turn into a vampire! Movies make…
Continue reading →Last Updated on December 18, 2021 at 10:49 pm When gold prices fell steeply earlier this year, we were flooded with ‘told you so’ articles. No one seemed bothered at that time to emphasise that gold is meant for long term investing only, and that such volatility is natural. Before the crash everyone was saying,…
Continue reading →Last Updated on December 18, 2021 at 10:52 pm A long term investor should: recognise all the risks associated with the financial goal estimate the monthly investment needed (estimate not determine) understand the need for spreading the investment risk (asset allocation) understand the need for diversification within an asset class, choose investment vehicles wisely initiate…
Continue reading →Last Updated on October 1, 2023 at 6:28 pm Here is a list of available mutual fund calculators and resources. (Updated Mar. 31st 2014) Flagship Calculator: Track your mutual fund and stock investments with this Google Sheet! Mutual Fund Calculators/Resources How to select mutual fund categories suitable for your financial goals? Step-by-step Guide to Choosing…
Continue reading →Last Updated on September 11, 2021 at 6:44 pm Here is the online version of recurring deposit calculator on Microsoft’s Exel Web app. Thanks to reader Srinivas, I was able to correct a minor bug. I tried to convert it to Google Docs, but some cells showed incorrect values. This is quite disturbing because if…
Continue reading →Last Updated on October 8, 2023 at 1:32 pm If you own a property and receive rental income from it, use this calculator to determine the return on your investment. If you like idea of using real estate for financial leverage, this is the perfect tool for you. Financial leverage is investing with borrowed capital….
Continue reading →Last Updated on December 18, 2021 at 10:48 pm This intriguing question was recently asked by my friend. Intriguing because it can be answered in two ways: In one word! Or by considering all possible ways an emergency fund would see some action! By action, I of course refer to emergencies only! American financial coach…
Continue reading →Last Updated on September 11, 2021 at 6:44 pm Note: The variable RD calculator gives the total post-tax interest. I have assumed that only the variable payments are subject to a penalty. That is if a variable payment is not made before a certain date (reader Srinivas says it is 10th in his case) then…
Continue reading →Last Updated on October 1, 2023 at 4:39 pm Worried about fluctuating stock market returns? Worried about sliding gold prices? Not sure how much to invest in equity or in gold? Here is an example of a portfolio based on an ingeniously simple notion that has proved to be remarkably stable irrespective of market conditions…
Continue reading →Last Updated on October 6, 2017 at 8:05 pm This is a guest post by Jaina Shah (Co – Founder and Director – Credexpert). Credexpert is a credit and debt counselling company and has a team of industry experts who handhold individuals through their credit life cycle. Follow these simple 5 steps and you will…
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