Basics
Does your Mediclaim policy have a nominee?
Does your Health Insurance have a nominee? Take out your policy now and check it out. I did not even know that one can have a nominee for the policy!
5 lacs as bank account insurance? – increase it to 20 lacs!
All your bank accounts are insured upto Rs.5 lacs by the Deposit Insurance and Credit Guarantee cover. Read how to enhance this cover to 20 lacs or even more!
Get proof of Heirship – avoid legal issues!
My friend's parents owned a flat in both their names. The father expired around 15 years back. The registered document is still in both their names. There is no will. Legally, 50% of the flat is owned by the mother but the 50% which belonged to the father is supposed...
Goal based planning
Generally, the start of an investment is by a statement like "I have Rs.10,000, where should I invest?", "Which is the best Mutual Fund to invest in?", "Which share should I invest in for the long term?" Logically, before you make any investment at all, you should...
Mutual Funds and Bhelpuri
If one stands near a Bhelpuriwallah, one will notice that every customer has a different taste and asks the guy to make the bhelpuri in a particular way. There are infinite variations – sweet, sour, spicy, soggy, crunchy and various combinations of them. The...
Other investments – Shares – Ownership
I am calling these non - fixed income investments. The main categories under this heading are Shares Real Estate Of course, there are any number of investments, but other than the fixed income ones, these are the most common. Let’s start with Shares or ‘stock’ as they...
Fixed Income Investments
One has to remember that every investment has risk. Risks in some investments are higher and it is lower in some. Fixed Income Investments are investments in FDs, Pension plans, Post Office schemes, Company FDs, etc. Generally, it is assumed that these investments...
Ways of Investing
Investing can be made as complicated as possible. This works fine fot the financial advisors. But in fact, it never works for the investor. Keep it simple. Main avenues of investing are: Bank Savings Account Bank Fixed Deposits. Small saving schemes of the Post Office...
Financial Freedom Rules
The first and the most important rule is to have an exercise plan. It need not be strenuous or even a detailed workout. If you don’t exercise at all, start with 15 minutes of walking. Once you start, you’ll immediately feel the euphoria and it becomes difficult to...
Saving Vs Investing
Ever since we start earning, we are continously told – You are spending too much, don’t spend. Save, save, save. Since ‘save, save, save’ is drilled into us, most of us are satisfied by just saving. We work very hard to earn money, but ignore educating ourselves about...
Financial Stupidity and Alcoholism
Ever been on a car journey where the car stalled? One of the guys immediately gets out and opens the bonnet. He does this knowing full well that he does not have a clue what to do once the bonnet is open! Then why does he do it? Because he feels that that is expected...
Pensions and annuities
LIC currently has a ‘Jeevan Akshay’ pension plan which its brokers are really pushing hard. The mainstay of the sales pitch seems to be guaranteed 8.9% interest on your money for life. They further go on to say that in these times of low interest rates, a guaranteed...
