With each passing day, our parents are growing old and their ability to be independent is gradually diminished. Elder care or senior care is a young, but rapidly evolving business, however, the ground reality is that, even if we are willing to pay, the competence and training levels are nowhere near adequate.
If there is one event that shakes up your finances it is an unexpected recurring expense. These days more and more middle-aged Indians are facing such an expense: finding someone to take care of their parent(s) while they need to work or go about their lives, often in another city or country.read more
In this post, I discuss why it is important for investors to not take mutual fund market cap classifications seriously. In particular, your "large cap fund" is probably either a multi-cap fund all the time or now and then. The notion of whatis a giant cap, large cap, mid-cap, small-cap or micro-cap stock is not set in stone. Each analyst has their own definition and it is common to see a fund hop categories.read more
Each week I answer generic questions on personal finance. Here is this weeks edition. You can use the form below to ask your question.
Naimesh: Hi, There is a confusion about maximum limit of 6 L in this post: How much can we invest in multiple PPF accounts I have exactly a similar situation. As per your example, husband can invest 1.5L in his wife's account and 1.5L in his son's account and same for wife. How is it possible? Will they accept money without asking questions? Whose PAN used if i deposit my money into my wife's PPF account?read more
Suppose we have Rs. one Crore with us today, can we retire with it? In this sneak preview of the freefincal Robo advisory template* let us punch some numbers in it and check what good is Rs. 1 Crore.
The template is free and open-source and will be released soon. It is currently being beta-tested by members of FB group, Asan Ideas for Wealth.
One Crore is a psychological or emotional benchmark for wealth. Financially it is just one followed by seven zeros with its value constantly eroded by inflation. That said, it is still a good chunk of money as we shall see below.read more