If you have come across an FMP sales pitch, it almost always is that “it is as safe as a Bank FD”, yet, “it will give higher returns than an FD.” An easy lure for most investors since ‘safe returns’ is a primary criteria. You don’t like that FMP word any more. Do you? In […]
Do fear and greed rule your mind and your money too?
Ajay Gupta (name changed) fell prey to greed. A distant relative approached him a few months ago with an existing investment opportunity. A guaranteed return of 3% per month or 36% per year. This offer was a difficult one to ignore, plus he trusted the person making it. He took it. Ajay worked with an […]
How to calculate your Capital Gains Tax on Mutual Funds in 2019
The year 2018 saw the introduction of long term capital gains tax on equity investments (mutual funds or direct stocks) at the rate of 10%+surcharge. As you file your tax returns, here are some key points to wade through the calculations. If you have sold your equity investment (held for more than 1 year) in […]
How to travel the world for free by using credit card reward points?
Who wouldn’t want to? But how? The good news is that I now know someone who does that all the time. I got to know Saakshi and her husband, Ajay, as clients and when I first met them, the conversations kept gravitating towards places to see, eat at & shop from. I realised that there […]
Investment problems of an HNI, High Networth Investor
“Why does your investment portfolio run into 10 pages? Any specific reason?” “Well, nothing specific. One advisor told me to invest in a few funds and I complied. Then subsequently another advisor came along and told me about better funds and I invested in them too. Of course, my Bank RM keeps advising me about various […]
The last minute tax savings guide for 2018-19
As a nation, we may be obsessed with saving as much tax as possible. But this last minute rush is what we truly enjoy. I am checking up with a few investors and guess what, they are still not done with their tax saving investments. If you are one of those, here’s your last minute […]
