Find out how smart were your money decisions in the last 12 months
My recent article was about how just like we frequently do a stress test as part of our regular health check-ups, we also need to periodically “stress-test: our personal financial health to check preparedness for financial calamities. While many of us thankfully may be financially secure and prepared for calamities, we nevertheless can still do better when it comes to taking money decisions. And there are enough practical life situations around us
How to be better prepared financially for the “wars” in your life
While we make extensive plans for most eventualities, something suddenly happens that takes us by surprise and throws all our plans haywire. Take the last 12 months itself as an example. In a way, we live our lives largely assuming things are going to be peaceful and are usually well prepared for peace-time events. We do make our plans and are prepared for some surprises, but it is when “war-time”
Explained: Five money mantras to become financially free
At its simplest, Financial Independence means “having enough money so as to never work again for the rest of your life”. But as you would agree, neither is life simple, nor is it as predictable and straight-forward as one would like it to be. This effectively means that as you go along your life journey, your definition of what Independence means keeps changing as your goal posts keep shifting. That
Why portfolio risk and asset allocation matter more than investment returns
A friend was talking to me recently about an interaction he was having with some others, where there was a furious debate on about where to invest, as well as which asset classes including geographies would deliver better returns going forward. As you would agree, this particular topic of debate is not uncommon at all and today’s information-empowered world has led to both more aware investors as well as more
Explained: All about asset allocation and how it helps you reach your money goals
With markets now near all-time highs, one of the jargons that is on top of the pile is “Asset Allocation”. Every newsletter or interview, whether of your fund manager, your broker or your bank refers to this term and advises investors to heed market valuations and “stick to their asset allocation”. While Asset Allocation is one of the most under-estimated tools for building long-term wealth, the words “asset allocation” themselves
Eight timeless truisms to start your engagement with money this New Year on a good note
Another year has come to an end, and another New Year has peeped into our lives. Every New Year, by its very birth, fills us with optimism, which in a way is good. And every New Year, we try to channelize that rejuvenated optimism into action through resolutions. This is also a good time to go back to the starting line again, and a good way to do so is