Play poker? Your investment style might look like the player in you
This Diwali, we were back to the “Old Normal”. But this article is not about this Diwali or how it was, but more about a fascinating aside that unfolds every Diwali – the late night card parties. A popular (and simpler) Indian version of Poker is played in these parties, called Flush or Flash in English but ubiquitously known as “Teen Patti” among most Indians. A ring-side view of a
Managing your money better: Lessons to learn from FIFA World Cup 2022
Over the last four weeks, Cricket seems to have been displaced from our collective mindspace by another sporting event, arguably the biggest of them all, the Football World Cup. This once-in-four-years event converts existing casual football followers into aficionados, as well as creates football lovers where there were none, while of course, football fanatics become self-styled experts. There are quite a few money lessons that one can draw from sport, and
Markets at all-time highs: How retail investors can ride the boom
The 15 months between Jan 2022 to end Mar 2023 saw the market taking a protracted time correction, and the patience of investors who entered the markets during this period was severely tested. That said, the investor who showed the maturity and patience to stay on course, has been justly rewarded in the last 3 months from April 2023 to June 2023, through the sharp up-move. But, as usually happens
Seven common mistakes people make when planning for health insurance
Last week, we wrote about how most people start their financial journey by thinking about where and how to invest. The right place to start any personal financial journey is not Investing but Protection and by ensuring that existing assets and future incomes are protected against any untoward event. While the previous article spoke about the importance of Life Insurance and the mistakes that people make while taking it, there is another
Buying a house as an Investment? Here are the risks you must take into account
In our journey as financial planners, one of the biggest constants that we see in most customer portfolios is this – they are either already real estate heavy, or customer high-priority goals include buying additional homes – as an investment. This must come as no surprise, since an overwhelming 84% of all household investment assets in India (RBI Household Finance Committee Report, 2017) are in this favorite asset class –
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