DIY Investor Workshop Webcast Part 1

Between Nov 1st 2014 to Nov. 2015 we* conducted several investor workshops at Chennai (thrice), Bangalore(fives times!), Mumbai (once), Delhi (twice), Pune(once) and Hyderabad(once). *Each event had multiple speakers. Ashal Jauhari joined me for the last four events.

Video segments from Ashal’s talk were posted last week: Can you really save tax with a home loan?!

Due to multiple reasons (health, travel fatigue, incompatible time schedules etc.) Ashal and I have decided to put these workshops on hold at least for a while.

Before the Chennai floods, I was planning to hold these workshops in webinar mode. The webinar idea was delayed because my son did not go to school for a month due to rains!  Soon after I decided to make short videos, many of which had slides used in the workshops. Here are a couple of links:

The webinar lost stream and I realized it is better to simply post the presentation on youtube in parts – should have listened to Ramesh Mangal earlier!

Without further ado, here is part 1. Relevant notes and links are provided below. I am conditioned to speak before an audience. I hate talking to a computer. I hope I have not lost concentration and make reasonable sense.

References and Notes

DIY-investor-workshop
Nested Dolls picture credit: James Lee

A person’s financial castle with multiple moats.

Term Life Insurance:

Emergency Insurance

Health Insurance

  • How to Buy a Health Insurance Policy
  • Things to do AFTER you buy a health insurance policy
  • Go for individual cover if possible
  • For floater plan try not to include senior citizens or those who are of fragile health.
  • Do not buy a top-up policy for your company mediclaim!
  • Try to increase sum insured each year.
  • Open a recurring deposit or deposit some amount each month for the annual premium. Remember that premium can increase due to a number of reasons.
  • Reg. hosp costs: Please check with local hospitals in your neighbourhood reg the cost of a ‘decent’ private room. Suppose this is Rs. 5000 a day, your cover should at least be 5000/1% = 5 Lakhs.  Here 1% is the room rent sub-limit (mentioned incorrectly as 2% in the video). If the room rent is much higher, it is better to go for a policy with no sub-limits.

Accident Insurance

Action Plan Insurance

  • The child planner  has a section which allows you to discuss with your spouse as to how the term life insurance sum should be managed (in the unfortunate event of your death).
  • MF Utility account (suggested by Balaji Swaminathan) can be opened for the spouse/partner to get access to all your direct mutual fund holdings

If you have any observations or questions please leave a comment. 

Want to conduct a sales-free "basics of money management" session in your office?
I conduct free seminars to employees or societies. Only the very basics and getting-started steps are discussed (no scary math):For example: How to define financial goals, how to save tax with a clear goal in mind; How to use a credit card for maximum benefit; When to buy a house; How to start investing; where to invest; how to invest for and after retirement etc. depending on the audience. If you are interested, you can contact me: freefincal [at] Gmail [dot] com. I can do the talk via conferencing software, so there is no cost for your company. If you want me to travel, you need to cover my airfare (I live in Chennai)

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