Avinash Luthria joins the freefincal list of SEBI registered fee-only financial advisors as its 12th member (yet another based in Bangalore) and to mark the occasion, in this guest post, he issues an important warning: “Real returns, (after inflation and tax), across one’s entire portfolio and across one’s lifetime, will be in the ballpark of zero…
Continue reading →In this episode of fee-only advisor journey, Basavaraj Tonagatti, who runs the popular blog Basunivesh, describes his growth from insurance and mutual fund advisor to a financial planner to enterprising blogger and now a SEBI registered investment advisor (RIA), fee-only financial planner. He also joins as the 11th RIA in my List of Fee-only Financial Planners…
Continue reading →Would you as a money manager, prefer to get the basics right and get on with your life? That is, do enough to ensure that you have more than a reasonable chance of achieving your future money-dependent goals/dreams and focus on your work, family and hobbies? If yes, in this guest post, SEBI registered fee-only…
Continue reading →Among the very few things that I am satisfied with and am proud of is the fact that freefincal and Ashal’s FB group Asan Ideas for Wealth have played a small role in popularizing commission-free advice from SEBI registered investment advisors or fee-only financial planners. While my list of such advisors and fee-only India (an…
Continue reading →As readers may be aware, fee-only India (FOI) is an organisation to help investors with their money management and fee-only advisors with knowledge sharing and support in their journey. Our first meeting and launch were on Sep. 2017. Out second meeting was organised by Piyush Khatri (Shahasta Financial Consultants) and held at his office on 25th…
Continue reading →For the last four years, freefincal and AIFW has helped connect hundreds of investors with financial advisors who do not receive any commissions – a matter of pride and achievement for me. Such financial advisors, are known as fee-only advisors and need to be registered with SEBI as Registered Investment Advisors (RIAs). When you work with…
Continue reading →All of us dream. Some of our dreams are serious enough to become goals and like it or not, many dreams are financial. That is they require money to implement. Here are three key factors that decide how well we can achieve our financial goals. Although each individual is different, there are some similarities. This…
Continue reading →Each financial year, we do our best to reduce as much income tax as possible. I am only referring to legal means (!)- the most common of which is investing in tax-saving instruments. We do this because income tax hurts. The thought of losing a significant chunk of our salary fills us with a sense of loss*….
Continue reading →You would be surprised as to how many people believe that by investing an additional 50,000 in NPS, they “instantly” get a return equal to their tax slab! This is a case of mis-accounting or innumeracy. In this post, I discuss what exactly is the implication of “saving tax” via investing in 80C and with…
Continue reading →Lump sum vs SIP investing: Which is “better”? You might have heard this question often in personal finance forums. Perhaps you have thought about this yourself. In this post, let us trace the month-by-month return from a SIP investment and a lump sum investment started on the same date. What is the point of this…
Continue reading →Yesterday (Sep 24th) saw the birth of Fee-only India, a coming-together of SEBI registered fee-only financial planners at Mumbai. Ashal Juahari, admin of Facebook group Asan Ideas of wealth and I spent the day listening to and discussing with the fee-only financial planners from my list. An organisation of financial planners who do not sell any…
Continue reading →In this post, I describe a visual tool for analysing mutual funds and portfolios, referred to as fingerprinting by its developer,Jim Otar, a Canada-based financial planner. I thank Swapnil Kendhe for bringing this method to my attention. As the song goes, ” I get by with a little help from my friends”. I have developed…
Continue reading →Here is a list of SEBI-registered fee-only financial planners (investment advisors) in India. The advisors on this list charge a flat fee for financial plan creation and advisory and do not receive commissions/incentives from mutual fund houses, insurers or other financial product sellers. Unbiased financial advice is provided without conflict of interest. These are flat-fee…
Continue reading →I have been holding an individual health insurance cover for my family for the last 10 years. In this post, I look at how the insurance premium has increased during this period. I hold a United India Platinum policy for self, wife and son and a Gold policy for my mother. Each year, I have…
Continue reading →How much can I expect from equity as an asset class for long-term goals?. This is a question one often hears from first-time investors, especially those who are migrating from the comfort of fixed deposits or real estate. Unfortunately, answers from experienced equity investors are steeped in hindsight bias. They often extrapolate their own good…
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