Investing in stocks is a fun and greedy game. You go in with an anticipation that the stock will no doubt zoom to a level higher than you bought; you watch in perspiration as the scrip goes up and down; you sweat when your losses begin to mount; you heave a sign of relief whenRead More
Setting financial planning goals or goal based investing
One of the first most important steps in financial planning is to set financial goals for your future using goal based investing concepts. Financial goals are targets which you would like to achieve in the years ahead. Ask yourself this, “Why would you want to put away money for your future ?”. Most of theRead More
How India Earns, Saves and Spends
Finding out how Indians earn, save and spend is a mammoth task. That is exactly what Dr Rajesh Shukla, director of NCAER-CMCR has done in a book titled “How India Earns, Saves and Spends“. The study explores the connection and impact of urbanization and consumerism on the economy. The revelations the study delivers around personalRead More
4 mistakes to avoid while planning for retirement
What are the mistakes you should avoid when you plan for your retirement ? When one thinks of retirement, one envisages a good carefree life at a far away retirement house without the everyday hassles of going to work. In reality, its anything but that. With that monthly pay packet no longer being available, oneRead More
The importance of hiring a financial planner
In an earlier article on what is financial planning, I talked about the basics of financial planning. The understanding of the importance of a financial planner has not yet caught up with the Indian investors in general. We have not yet warmed up to the idea of advisory services – which is loosely defined asRead More
Buy or Rent calculator
Should you buy a house or should you rent ? Buying or renting is an often discussed topic in many personal finance forums. On what parameters would you base your decision ? Apart from the monetary comparisons, the Indian investor often attaches an emotional angle to owning real estate – it is tangible – youRead More