Electronic Gold Receipts (EGR) – have you heard of them? Gold in electronic form with trading, clearing and settlement features similar to any security is called EGR. Recently BSE launched EGR. EGRs (Electronic Gold Receipts) will be traded in BSE. EGR is intended for all the market participants like retail investors as well as commercial participants…
Everyone knows about LIC in the country, but not many have heard about Postal Life Insurance (PLI). Please note that insurance should never be done as an investment. We will compare the LIC and PLI from three aspects – Premium Cost vs Returns vs Ease of use. In the end I will also share my…
Investing in turbulent markets is really tough. We are in testing times now, with inflation peaking and Central banks rushing to increase the rates to ease the inflation. The stock markets are moving sideways, and all investment avenues don’t look so attractive as it did 6 months back. One of the biggest problems I personally…
Firstly, I am a big fan of goal based investing and not just creating a simple portfolio overall. But this trouble free portfolio can be used to beat inflation and achieve your financial goals. If your attitude towards investing is, I don’t want to keep tracking on a monthly basis and make changes, but have a…
There are a good number of tax saving tips and tricks. While tax saving is good, its a means to the end. The end here refers to our life goals. Before you look at the tax saving tips and tricks, please read up this blog about tax saving. We should match your life goals with…
The way retirement planning works is pretty simple. Identify needs and goals, identify the mix of asset class that satisfies the goal, execute the plan and review the plan frequently. But the key is to balance Equity Percentage in Portfolio so that risks are not too high or too low. Equity is one financial instrument that…
Come new year, large portion of the emails/phone calls we get are from banks/financial institutions. They will have a common theme of “Saving taxes” for you at the last minute. And this is when maximum mis-selling of financial products happen as well. You enter into a ULIP which sucks money out of you (please read…
Many articles around Compounding being the 8th wonder of the world and it is true. I personally feel that Compounding is an after effect of something more powerful – the financial super power called “Patience”. Magic happens when someone is patient to let the money do the compounding by automating the investment. In short the…
Let us look at different sections under which National Pension Scheme provides tax relief. Again, primary purpose of us investing in in this tool is NOT to save taxes. It is to invest for our retirement and increase our human capital beyond our working age. It is already a given that we all exhaust our…
Above two images give you a good overview of National Pension Scheme. If you do not want to read the entire blog, please spend time reading the above two images. Remember, the purpose of National Pension Scheme is not to save you more taxes – it is to provide for the cashflows after retirement. Saving…
