This is in continuation of my “How Many” series articles. The topic this time is how many insurance policies can one person have ? While we did touch upon must have insurance policies for an investor in his overall financial planning, what might confuse the investor is how many such should he totally have. If youRead More
What are fixed income securities ?
Fixed Income can be a very important investment class by which one can diversify his/her portfolio to reduce risk. Putting all your money into equities (read more about equity investment) can give you more returns but it does carry high risk as well. Diversification is a basic concept of financial planning and fixed income productsRead More
How many mutual funds should you invest in ?
Have you ever asked yourself how many mutual funds you should own ? In an earlier article, we saw the rational behind how many stocks one should own. Let us check in a similar way, how many mutual funds one should have. Whenever you think finance, think simple. Remember that complex financial products do notRead More
Do you spend first, save later ?
My elder kid just celebrated her 6th birthday in September. I asked her what she wanted as a gift and pat came the reply, “Hanna Montana pens”, “Hanna Montana bag”, “Hanna Montana pencil box” and what not ! The total dent to my salary for celebrating her birthday was 40% more than what I hadRead More
New income tax slabs under Direct Tax Code (DTC)
The new Direct Tax Code (DTC) will come into effect on April 1st 2012. DTC is meant to replace the Income Tax Law 1961. By the time the implementation of the DTC begins, we would have enough time to be excited and subsequently forget the impact of DTC on our income tax slab. This isRead More
Systematic Investment Plan (SIP) of mutual funds
By now, you must be tired of hearing me say why everyone should invest in equity – stocks and mutual funds. Investing in the latter is best done by something called SIP. If you were to take the usual more often followed route to riches in the stock market, you would probably try to timeRead More