This is my first article after becoming an independent SEBI Registered Investment Adviser. Before starting this article, I would like to thank Mr. Melvin Joseph (founder of Finvin Financial Planners), who has helped me reach where I am today. I have learned everything from him. I do not have enough words to express my gratitude,…
Continue reading →Many of us think of how to build wealth across generations when we think of a rich family business. The truth is, the writer and everyone reading this are building wealth across generations. Allow me to explain. What we are today is only because of the sweat, toil and sacrifice of our parents and their…
Continue reading →We recently discussed entering STCG and LTCG from equity shares and mutual funds in ITR2 or ITR3. We now follow this up with a guide to enter capital gains from selling property in ITR2 or ITR3. Do check out our earlier articles on tax filing: How to File ITR Online (FY 2022-23): A Comprehensive Guide…
Continue reading →We publish a list of stocks with low volatility and momentum each month. We provide data for BSE 500 and BSE 100 stocks. There are now three different screener files available. (1) Stocks with low volatility and momentum from the BSE 100 large cap universe are available as a separate file (2) Stocks with low…
Continue reading →An acquaintance recently learned about my investment journey – Fourteen Years of Mutual Fund Investing: My Journey and lessons learned. He then asked me if I had stopped investing and why I was still working. I replied that I would like to keep working and continue investing for as long as possible. He suddenly sounded…
Continue reading →In this edition of the reader story, we have a most interesting account of Shankar (not his real name), who was burdened with debt for several years. He is now debt free and rapidly building his equity portfolio. This is quite a different journey compared to the earlier edition: My Journey to a Ten Crore…
Continue reading →We recently ran an anonymous survey for clients of fee-only advisors who are part of Freefincal’s curated list and fee-only India – 964 clients have participated. Swapnil Kendhe is one of the most sought-after advisors on our list. One hundred fifteen of his clients participated in the list, and 97% had the most wonderful things…
Continue reading →These are the freefincal handpicked list of mutual funds for Jul-Sep 2023. New and old investors can use it according to their specific needs. The list is called “PlumbLine” and has been published since Sep 2017 for beginners to accompany the freefincal robo advisory tool. Most important! Plumbline is a mix of my opinions +…
Continue reading →Filing an Income Tax Return (ITR) is a mandatory obligation for taxpayers in India. The online method of filing ITR has made the process more convenient and efficient. This comprehensive guide will provide step-by-step instructions on how to file ITR online for FY 2022-23 / AY 2023-24. About the author: Salma Sony is a SEBI Registered…
Continue reading →A reader says, “In many personal finance forums, I see comments like I have accumulated 25X or 30X for retirement. Many claim that 30X is when one becomes financially independent and even ready for early retirement (FIRE). Can you please write an article explaining what this 30X refers to and how it signifies financial independence?” What is…
Continue reading →This article compares my stock portfolio with an equivalent investment in a Nifty index fund and the Nifty 100 Low Volatility 30 TR index. We post this comparison each month. Before we begin, new readers need to appreciate the context of these investments. I started direct equity investing only after achieving a comfortable level of…
Continue reading →If you are salaried and have capital gains to report, you must file ITR2. If you are a business person or a professional with capital gains, you must file ITR3. This article discusses uploading Equity MF/Share LTCG transactions in ITR2/ITR3 (Schedule 112A). If you have equity or equity MF transactions purchased after 31st Jan 2018,…
Continue reading →In this edition of the reader story, we meet Arun, who has most generously volunteered to share his investment journey with the DIY community. I say this because more people with his net worth are usually reticent and unwilling to open up. While sending the draft, he graciously said, ” I have nothing major to share…
Continue reading →Here are two examples of using mutual fund capital gains statements for LTCG and STCG entries in ITR. Please use this along with a step-by-step guide to enter MF and share capital gains in ITR2 (or ITR3) and How to Set off & Carry Forward Capital Losses in ITR2 and ITR3. Salaried taxpayers should use ITR2 if…
Continue reading →A reader asks after looking at the Sensex chart in the article – Do not stop or redeem your equity investments! Now is the best time to invest! (also shown below), “Why did you draw the Sensex chart in logarithmic scale? What is the benefit of doing so?” Let us start with what a logarithm is….
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