Financial Planning is a dynamic process of identifying financial resources and allocating these resources to realize your financial goals. In the last 4 years of my financial counseling career, I have met many clients/prospects who have (had) misconceptions about Financial Planning. Below are few for your reading: Financial Planning is only for the rich I […]
Archives for June 2014
Bank Deposit Insurance Scheme : Are you aware of this interesting fact?
We opt for Bank deposits because they offer, 1) safety and 2) guaranteed returns. Bank deposits can be Fixed Deposits, Recurring Deposits, and Bank balances in Savings or Current accounts. Fixed Deposits and Recurring Deposits are the most popular financial saving tools in India. It is not an exaggeration to say that most of us […]
Gold, is it still the safest and risk-free investment?
“The desire for gold is the most universal and deeply rooted commercial instinct of the human race.” – Gerald M. Loeb. Besides commercial value, traditionally we (Indians) like to buy and hold the investments in Gold. In this post, let us try to understand the historical investment returns from gold and is it the safest […]
Khatha Registration & Khatha Transfer in Bangalore
What is Khatha? Khatha literally means, account. It is a document that shows a property owner having an account with the Municipality or any civic authority (BBMP -Bruhat Bangalore Mahanagara Palike) for paying taxes. The details of a it include the property owner’s name, size/measurement of property, location,built-up area, vacant or occupied etc., and is […]
What is Inflation?
Have you ever asked yourself “What is inflation?” If you have, you aren’t alone. It is one of the most popular questions I receive from new investors. In simple terms, it can be defined as either a rise in prices or a fall in the value of money. That means if someone asks you, “What […]
7 things to keep in mind for effective Financial Planning
In the world of finance, the difference between profit and loss, wealth and liabilities, affluence and poverty, is, to a large extent, attributable to knowing. Financial Planning means knowing and acting on that knowledge. The tough thing about financial planning is it needs to cover a lifetime. When things around us are changing every day, […]
