Case Study #1 on Matching Financial Goals with Financial Instruments

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A reader asks, I want to contribute for my sister’s marriage which we’ve planned for in two years’ time. Could you suggest the best possible short-term investment plan for this purpose? My suggestion: Park your money in bank fixed deposits. They’re safe, offer decent returns, are liquid if planned for correctly, and more importantly, match […]

A Real-Life Lesson: The Value of Being Debt Free, Having Independent Health Insurance, and an Emergency Fund

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The past one-and-half months have been traumatic as my mother’s health has steadily deteriorated into a critical condition. We’ve given her the best medical care possible — probably that’s what has kept her going this far. I couldn’t have afforded this medical care if it were not for three things: Clearing my debts and keeping […]