When you ask any 80s/90s kid, what are their investments – most of us will start by saying “I have a LIC Policy of 5L”! Try this out, will you :)? Say this with me insurance is not an investment! Let us look at the definitions of Insurance and Investment from wikipedia. Insurance – Insurance is a…
We talked about the advantages of automating investments and how “Analysis Paralysis” can be avoided by automating them. Not just investments, even predictable expenses should not cause us unnecessary shocks. And this is what I mean by “Automate your expenses”. It is actually “Automate the savings for your expenses” – but you would not read…
Biggest problem with us, is that we think there is a lot of thinking and analysis required behind investing in an asset. While it is true that analysing is important, it’s most important to not get into an “Analysis Paralysis” mode. So Automate your investments! And the key to investing for a salaried person is through…
