personal finance polls

Though I advocate against it now, early in my career, I made a couple of investments purely with the objective of reducing my income tax liability. These investments simply don’t fit in with any of my financial goals. That led me to this thought: a “for income tax savings only” investment portfolio.

You could put your National Savings Certificates (NSC), 5-year Fixed Deposits, Infrastructure Bonds, etc. — things you’re doing with the sole objective of reducing your income tax liability — in this portfolio. And when they mature, you could use the proceeds to augment whatever financial goals you have at that point in time.

What do you think?


Ask the Readers: The Card Protection Program

by Vinaya HS on September 20, 2010

in Finance

What do you think of the Card Protection Program India?


A comment on this post caught my attention. Why shouldn’t a medical check-up be mandated prior to buying health or life insurance? What do you think?


Ask the Readers: Debt Management Programs

by Vinaya HS on August 30, 2010

in Finance

In a recent issue of Outlook Money, I came across Debt Doctor — a debt consolidation program. Outside of India, Debt Management Programs are a lucrative business. But given the local psychology, my question is:

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Ask the Readers: PPF and Retirement

by Vinaya HS on August 23, 2010

in Finance

Suppose you start at the age of 30. You save the maximum possible (currently, Rs 70,000) each year for the next 30 years. Then,