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Twin Tower Lane, Prabhadevi,
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Letter from a Widow, the sequel!!
- August 23, 2012
- Category: Estate Planning
No CommentsAfter publishing my last blog on a letter from a widow, I got a lot of responses from many of my clients expressing interest and concern for their own situations. Hence I am posting this article on how one can protect one’s loved one in case of such kind of unfortunate but certain events. First and foremost, have a physical set of all the documents which prove existence of your assets, e.g. Bank Statements , Netbanking login ID & password Insurance policies, both Health and Life insurance with contact no. of the Insurance Agent (Document for claim Process) Bank locker […]
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Letter from a Widow who is a Chartered Accountant
- June 21, 2012
- Category: Financial Planning
Financial planning is a process which goes beyond numbers. In the preparation of a financial plan, we ask a lot of qualitative questions to clients, which go beyond investments, insurance, tax & retirement. For instance, one common query we have for clients is whether they have prepared a will. We ask clients about the nomination status for their immovable property, bank accounts, bank lockers, demat accounts, investments, provident fund, etc. Additionally, information about the location of their important documents including medical policies is asked and whether these are known to family members. As a part of the financial planning process, […]
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Should you be worried about your investments in falling stock markets?
- June 1, 2012
- Category: Investments
News of a continual fall in the rupee, fiscal deficit, economic recession and the resultant fall in the stock markets continue to hog headlines in all business newspapers nowadays. Investors suffer from an information overload coming from the print and electronic mediums which paint a dismal picture. It is thus natural for investors to press the panic button and sell their shares or discontinue their equity mutual fund SIPs in a jiffy. This knee jerk reaction often reminds me of a contrarian concept of buying at maximum pessimism. Aptly quoted by legendary global investor Sir John Templeton, it states: Bull […]
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What should you know before buying a health insurance policy?
- May 21, 2012
- Category: Insurance
A health insurance policy bought is no good if it does not serve the purpose of providing timely financial relief in the event of a calamity. Customers find themselves in a state of despair when their claims are rejected or they do not receive the full sum assured. This happens because the insurance agent did not provide complete information of the medical policy and/or the customer did not bother to understand its features and benefits at the time of purchase. The wide variety of health insurance policies in the market confuse the customers who then invariably end up comparing premiums […]
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Basic tenets to achieve financial discipline
- May 10, 2012
- Category: Financial Planning
Financial problem usually is one of the prime stress factors for individuals today. This may be due to buying the wrong financial product, a huge debt pile-up, over spending, inadequate liquid funds during emergency, etc. Some simple and prudent personal finance habits can save a lot of time, money and trouble and help us achieve a better control over our overall finances. Since last 7 years I had prominently displayed a list of dos and don’ts in financial matters in my office for all my visitors to see. The list basically chalks out general guidelines about how to stay financially […]
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Where to invest in 2012?
- March 12, 2012
- Category: Investments
The good thing about notching up the years in your own field of expertise is that you are considered to be somewhat of an expert and members of the media start calling you asking for your opinions on various issues. The downer is that the issues are the same and you tend to repeat what you said to some other publication a few months or a year ago. One favourite exercise of a lot of financial publications is to ask during the start of a year what investment strategies they have for their clients for this year. Recently I was […]
