The following post is a sponsored post. Being a parent is the toughest job in the world. Caring for children, nurturing their talent and helping them fulfill their true potential is the biggest responsibility that every parent must shoulder. Parenthood is not about taking one or two big decisions correctly. Rather, helping your child reach […]
Merry Christmas folks and as promised Capital Advisor is back! So, having read all the PR about ICICI Bank’s iWish flexible Recurring Deposit product, I thought I’d go and setup an iWish account and goal for myself. Project terminated then and there because — “We’re experiencing some delays setting up your account. Please try logging […]
Consider this chart: This chart represents the ratio of my saving/investment in one particular financial instrument to my total income each month. On an average, approximately 15% of my total income each month is saved/invested in this one financial instrument. What’s worse though is the fact that I am locked into doing this for the […]
I sometimes receive queries over email from readers who are in a particular situation with respect to their personal finances and want to know what actions they ought to take in order to move ahead. Some of these queries are generic enough to apply for a broader audience. In the past, I’ve tried publishing these […]
You already know that I’ve made an extremely stupid mistake due to which I’m now looking at an income tax liability in the upper five figures! This means I’ll simply be unable to meet all of my financial goals over the next three months (because I really won’t have much to call as a salary). […]
This is a question that I’m often asked. In fact, a couple of weeks back, a colleague whose internship was recently converted into a full-time position also posed the same question: “Starting this month, I’ll be earning a regular salary. How do I ensure that I don’t spend it all away?” Awesome! The road to […]
A reader asks, I work for a multinational and my wife works for the Government. We normally use my salary for day to day expenses while my wife’s salary remains almost untouched. Where can we save/invest her income while keeping our peace of mind (not keen on the equity markets). Here’s what I read from […]
When you plan your investment portfolio, it’s a good idea to choose those financial instruments that do not require you to make mandatory investments each month. With this strategy, you gain financial flexibility i.e. you can invest whatever amount you can into your investment portfolio at that point in time. For example: Suppose you choose […]
A friend asked, I’m in the midst of changing jobs and have opted to withdraw the savings in my Employee Provident Fund. It’s a decent sum — around Rs 300,000 — and I wish to keep this money safe. Is there a way I can achieve this and yet earn a steady income? My immediate […]
[This one’s an FYI post.] Three percent. If you open a 5-year Recurring Deposit (RD) at the Post Office through an Agent, the Agent gets a commission of 3% on the amount deposited each month. For a Rs 5,000 per month RD, the Agent’s commission is Rs 150 per month. The good thing though is […]
D was curious to know, How much should I save/invest each month if I want to build a corpus of 5 lacs (Rs 500,000) in 5 years? Also, in which financial instrument should I save/invest this monthly amount? I’d recommend saving Rs 7,000 each month in a 5-year Recurring Deposit at the Post Office. An […]