Gold often rises when the stock market (Nifty or Sensex) falls, which can protect our money during crashes. Mixing gold and stocks in our portfolio can lower risk and stabilize returns over time. Use Nifty & Gold Comparison Calculator.
Financial intelligence is not developed in young people when they are in school. People who’ve it, got it from self-study and practice. But, in the midst of our daily chores of life, self-learning may look like a burden, extra effort. Hence majority skip it. Our education system is not formatted to include money-related lessons in…
The power of compounding is as synonymous with human life as are the three laws of motion. The best part is, its effectiveness can be explained using mathematics. It is a theory which is a “must-follow” for everyone.
If personal finance is a thing, it has three legs. The first leg is savings (spending less than earning). The second leg is investment (making money work). The third leg is emergency fund (capital for unplanned events).
Savings + Investment Portfolio + Philosophy = Wealth Accumulation A high-rise building stands on a strong foundation. If wealth is like a high-rise building, then what is its foundation? There are three constituents: (a) savings, (b) investment portfolio, and (c) knowledge of the philosophy of wealth building. It is a common belief that high income…
Berkshire Hathaway is an American company run by the legend Warren Buffett. But why an Indian blogger (me) is writing about the company? Recently I was reading Berkshire’s Annual Report (2020). In the first few pages itself, it became evident that it is an uncommon company. The report had no flashy images, no charts, no…
Once a person said, I have a fixed deposit of 65 lakhs in a bank. He asked if a bank closes what happens to the deposits? The answer is in the term called “Deposit Insurance & Credit Guarantee Corporation [DICGC]”. We will discuss about DICGC in this article. In a comparatively extravagant world of cryptocurrencies and the stock…
Long back, I faced an issue with my health insurance policy. Our claim got rejected on the grounds of pre-existing disease. It happened in Yr-2008 when I used to work in Kolkata. We were very unprepared for the claim rejection. Moreover, I was also unaware of the criticality of such a clause. Hence, that episode made…
The year 2020 was tough (COVID-19). The second wave in the year 2021 seems to be even more lethal. During these times, people have realized that good money habits can prove to be saviors. Whenever humanity comes under stress, people tend to resort to basics. Food, shelter, health, family takes priority. But to better manage…
Where to invest money in India? There are more than 100 investment alternatives available in India. Here in this blog post, I have compiled it all in one place. I’ve challenged myself to indicate 100+ ways of investing money. There can be a plethora of ways to invest money. But unfortunately, we know only a…
I was surprised to note how incomplete the information available around us is about the ways to invest money. Most write-ups point us only to investment options and say nothing more about them. People interested in knowing about the ways to invest money need more information. For example, stocks are an investment option. But how to invest in stocks? Readers would…
Investments cannot be effective until done with a purpose. Hence, experts always advise goal based investing. But let me ask a simple question. Why we generally invest money? Because it is the right thing to do. Many people buy and sell investments without any specific purpose or goal in mind. For them, practicing investment is…
