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Blog
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A decade after the 2008 stock market crash – Lessons to Remember
- January 16, 2018
- Category: Investments
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It is going to be 10 years on 21 January 2018, a decade, since the 2008 stock market crash. The BSE Sensex had registered a fall of 1408 points, the second largest single-day fall in the history of the Indian stock markets. History in hindsight always offers valuable lessons. While investors can never fully anticipate and prepare in advance for future crashes, such events do teach a thing or two about managing risks. Here are a few lessons which investors can always bear in mind to face mayhem and bloodbath on Dalal Street: Diversify your portfolio An investment portfolio concentrated […]
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Can you afford a second child? Here is how to prepare financially
- January 2, 2018
- Category: Financial Planning
‘Two are better than one…for if they fall, one will lift up the other’ This cannot be more apt but for siblings who can be great companions for life. In this age of nuclear and short families, couples while envisioning the future of their only child, do contemplate having a second child as they would take care of each other after them. Some also get unexpected surprises. While a second baby, expected or unexpected is always welcome, it also means adding up to expenses. While one can never be really mentally prepared to raise a child, a little bit of […]
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Why making Resolutions for the New Year is pointless and a waste of time?
- December 19, 2017
- Category: Financial Planning, Investments, Life Planning
As the year 2017 draws to an end and you look forward to a new year, making new resolutions must be weighing on your mind. Everyone likes new beginnings and people look for special occasions to make a new start. They are naturally motivated, just like a child is excited to have neat handwriting in a new notebook at the beginning of an academic term. Observe the parks or the gyms in your vicinity on January 1 of every year. You will see they would be comparatively more crowded than the previous month. This is the result of the new […]
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How should a Diabetic be financially prepared to fight the disease?
- December 5, 2017
- Category: Insurance
Diabetes has become one of the biggest health threats in India today and perceived to be a silent killer. As per media reports, presently, about 70 million people are affected by this disease, mostly in the age group of 30-60 years. Stressful lifestyle, poor diet, obesity, heredity, etc., are known to be the common causes of Diabetes. If not taken care, diabetes can cause a lot of health complications. Excess sugar levels can severely damage the eyes, kidneys, etc., and even double the risk of a stroke or a heart attack. Having a certain lifestyle for diabetes care can be […]
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What next after buying Health Insurance?
- November 19, 2017
- Category: Insurance
Bought health insurance for yourself and family? You have taken the right step to secure your family for medical emergencies. But your job does not end here. Tackling emergency not only means being prepared financially. It also means being prepared mentally at some level. Our rational mind would usually panic first during a medical emergency and may not think properly to take the right decision. The real test thus happens in the event of an hospitalisation and claiming health insurance is just one element of preparedness. Let us examine how you can be further prepared by looking at the other […]
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Typical Career Mistakes to avoid or to learn from
- November 6, 2017
- Category: Financial Planning, Life Planning
Our careers fill about 30-35 years of our working life. That is a huge time frame to make big money. Just like every area of our life including personal finance requires planning, so does our career. There has to be a strategy, a vision which can provide the right direction to our professional life. While it is important to take the right steps for a successful career, it is equally important to not make mistakes. We all make a few typical mistakes in our profession. From some mistakes, we can learn so that we do not repeat them in the […]
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Top 4 reasons why you should regularly review your health insurance requirement
- October 24, 2017
- Category: Insurance
You have bought health insurance and are paying regular premiums on it. You think your job is done and you are prepared for any medical emergency. Presently, you have no health condition by God’s grace. But do you think this health cover will be sufficient after 5 years? Buying health insurance is not a one-time thing. It needs to be periodically reviewed and if necessary, upgraded as well. With passing age, there would be a sea-change in your life priorities. Depending on how life is treating you and how you are treating life, health insurance requirement would vary at every […]
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Smart Money Saving Tips while Shopping Online this Diwali
- October 9, 2017
- Category: Money Management
Diwali, the festival of lights, is considered as the prime shopping season in India. The online shopping mania with profusion of choices and the hefty discounts offered by e-commerce giants have gripped the average Indian. The festive sale offers of Flipkart, Amazon have already started. But do you actually save money on them? It is possible that you may end up buying a product at a higher price. Also, chances are that you will buy a product not required, but have still bought it because there was a discount available or it looked interesting. Here are a few tips to […]
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Why you should avoid the herd mentality in making financial decisions?
- September 25, 2017
- Category: Financial Planning, Investments
In this information age, the human mind gets more attracted to an event or news which is popular amongst the crowd. Have you wondered how rumours are created? When a large number of people keep on forwarding news on social media without even checking the veracity of it. For instance, the news of the legendary actor Dilip Kumar passing away has been doing the rounds on Wats App very frequently. People mindlessly copy the actions of others and share the news even though it could be a hoax. Similarly, it is a popular trend these days to send children to […]
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How Asset Allocation plays a strategic role in Successful Investing
- September 11, 2017
- Category: Investments
Imagine you are in a restaurant ordering a full thali. You have a diverse menu containing chapattis, 2-3 types of veggies, daal, rice, salad, pickle, 2 variety of sweets, etc. Note that each item would be served in the relevant proportion. For instance, the pickle or the sweet do not occupy a major portion of the meal like the grains & pulses and will be served just in the right measure. Eating more of pickle or the sweet could be harmful to your health. Asset allocation is similar to the menu of a full thali. It involves diversification and distribution […]
