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 free from your LIC agent uncle. Unfortunately, most confuse…
Continue reading →Worried that you will never be able to invest enough for retirement? Do the results of a retirement calculator scare you? Learning about the ‘bucket strategy’ might help cope with these issues. How much do I need to retire? Most people (among those who bother to ask!) are troubled by the answer to this question….
Continue reading →Manish Chauhan’s second book, “How to be your own financial planner in 10 steps” is a great ‘action’ book guiding people through the basic steps of financial planning. This post describes a retirement calculator inspired by the book and is based on ‘corpus withdrawal rate’ Step no. 6 is “Start your retirement planning”. In this…
Continue reading →A few days ago Subra called me to discuss a calculator idea: a comparison between a lumpsum investment made in a bank fixed deposit and a debt fund, like a income fund, over a period of several years. Interest from a bank FD has to be declared each year and will be taxed according to…
Continue reading →I am not a fan of international women’s day (8th March). I think it is condescending and insulting to women. The biggest mistake one can do is to compartmentalize human behaviour in terms of sex, religion, ethnicity etc. That said, today gives me an excuse to acknowledge one of the most impressive personal finance blogs…
Continue reading →Download a free Insurance Policy Surrender Value Calculator (LIC) with Paid up comparison and decide what to do with your policy. “I just realized that I have junk insurance policies which won’t serve my financial goals! What should I do? Do I continue? Make them paid-up or do I surrender them?” Most of you will agree that…
Continue reading →Jago Investor authored by Manish Chauhan is one blog known to most Indians who use the internet. Even those who are chronic procrastinators with respect to their financial life know about it. My own ongoing journey of financial awareness started with Jagoinvestor. A few years ago Manish started the JagoInvestor Forum, a place where investors…
Continue reading →No I am not referring to myself! (although a few my students would have something to say about that!) I am referring to ‘One Idiot‘ the new short film directed by Amole Gupte and produced by IFDC foundation as part of their initiative to spread financial literacy to young Indians. If you haven’t seen it…
Continue reading →Are you in your 20s, just starting out on a job? Are you married with no children yet? You want to buy a term insurance policy but confused about how much to get insured for? If you have said yes to any of the above questions, here is a simple insurance calculator that would suit…
Continue reading →When you invest in a mutual fund a percentage of what you earn as returns is subtracted to pay for the fund manager, fund distributor, advertising and other expenses. This is referred to as expense ratio. For example if you invest Rs. 1 lakh in a fund and if the fund returns 10% in a…
Continue reading →Secure the future of your children with this comprehensive insurance with goal planner! This insurance with goal planner allows you to determine: 1. the insurance amount need to secure college and marriage expenses of two children 2. the amount need to save for college and marriage expenses 3. insurance amount need to provide inflation adjusted monthly expenses…
Continue reading →This insurance with goal planner allows you to determine: 1. the insurance amount need to secure college and marriage expenses of two children 2. the amount need to save for college and marriage expenses 3. insurance amount need to provide inflation adjusted monthly expenses for the family and school expenses for two children It provides…
Continue reading →This is a calculator which hopes to impress upon you how expensive it can be to postpone planning for retirement. Talk to an average person in his/her mid-20s today about retirement planning and the typical response is: “Please stop! I have just started earning and want to ‘enjoy life’. Buy a car and many other…
Continue reading →This calculator is inspired by a couple of posts (links below) on retirement by Subramoney. It allows you to guess how much you need for financial independence during retirement and computes the corresponding pension or how long the corpus will last if it has to match future expenses indexed to inflation. It also calculates the…
Continue reading →Portfolio rebalancing refers to the realignment of the asset allocation of a portfolio (% in stock/equity, % in bonds/debt) back to the original asset allocation planned for the investment. This is done to control risk and increase the potential for returns. You can read more about this here: http://invest-it-yourself.com/rebalancing.php I have developed a portfolio simulator…
Continue reading →