Talk of frugality and words like sparing, thrifty, prudent in spending start coming to mind. (source: Wikipedia) What does being frugal mean? What will make it really work? Well, for sure, not by acting poor! I can bet most people don’t understand frugality. Savings and thrift sound like ideas from the 18th century or before. This […]
What can derail Mr Sharma’s retirement?
Mr Sharma is getting retired. His responsibilities are over, children are settled abroad with their jobs and families. He is happy that finally after working for so many years, he is going to spend some time in peace with his wife. Mr Sharma has total portfolio of Rs. 1 crores, which he thinks is enough […]
How Saina Nehwal invests, worries me (again)!
In case you do not know about Saina Nehwal, she is an ace badminton player, former World no. 1, currently no. 2. She has represented and won for India in several tournaments and won the first Olympic medal for India as well. She is a sportsperson par excellence. But when it comes to money… I just came […]
Is it time to skip balanced funds, post LTCG tax? – Reader Query
A reader wants to know that after the LTCG tax, does investment in a large cap + debt fund combo expected to generate a better tax adjusted return versus investing in one of the balanced funds. We find out. Here is the query: With LTCG on equity, without any indexation, debt funds can be more attractive […]
Life insurance gets you tax saving as well as financial planning
As the tax season races fast to closure, one of the key tools that should focus on is a life insurance cover. Interestingly, the premium on a life insurance cover not only saves you taxes but also provides a solid low cost foundation for your financial plan. It has been said enough times by enough […]
The tricky aspect of saving for your child’s education
Child’s education is a very close to the heart dream for any parent. Who doesn’t want to provide the best children to their child? But sometimes there is a conflict between serving your own goals and those for your child. The way to resolve the emotional conflict is to first understand the numbers and then […]