Today, we delve into the captivating world of money psychology, drawing inspiration from Morgan Housel's thought-provoking book, "The Psychology of Money." In this blog, we will explore key takeaways and anecdotes, woven together with real-life case studies, to understand the profound impact our emotions and behaviors have on our financial decisions. So, let's embark [...]
Protecting your wealth becomes crucial during recessions, especially for high-net-worth individuals. The consequences of not protecting your wealth proactively include the following: Erosion of Wealth: Failing to protect wealth during a recession can lead to significant losses in asset values and investment returns, substantially reducing net worth. Increased Financial Vulnerability: Without adequate protection, wealthy [...]
How much of a corpus is required to meet your expenses post-retirement? This is a common question that arises when considering retirement planning, especially for high-net-worth individuals and Non-resident Indians. One prevailing notion is that saving 30 times your annual expenses is sufficient for a comfortable retirement in India. However, let's take a closer [...]
Neglecting retirement planning can have severe consequences for your financial well-being. It is all too common for people to undervalue the significance of planning for retirement, either by assuming they have enough time or by placing a higher priority on their immediate financial needs. However, by ignoring retirement planning, you risk facing a host of [...]
Mutual funds have become increasingly popular investment vehicles, offering the potential for growth and diversification. As an investor, you may have experienced the satisfaction of seeing your investments grow over time. However, there may come a time when you need to redeem your mutual fund holdings. It is crucial to thoroughly understand the factors [...]
We are pleased to introduce "The Psychology of Money" by Morgan Housel, a remarkable book that delves into the intricate interplay between money and human behaviour. Housel, a highly regarded financial writer with extensive experience, explores the psychological aspects of money management, unveiling profound insights that challenge conventional wisdom. Through engaging storytelling and thought-provoking anecdotes, [...]
When it comes to personal finance, two distinct mindsets shape how we make financial decisions: the ‘CashFlow Committed’ mindset and the ‘NetWorth Committed’ mindset. These mindsets play a vital role in determining our financial freedom and how we navigate challenges. Today, we'll delve into these concepts and explore how a halt in future cash [...]
Investing in the financial market can be daunting, with its inherent volatility and uncertainty. Many investors are unsure how to navigate the market's ups and downs and make sound investment decisions. The temptation to time the market, that is, to buy or sell investments based on short-term market fluctuations, can be powerful. However, timing [...]
When investing in an Indian mutual fund, you combine your funds with other investors to purchase a diverse portfolio of securities that a mutual fund company manages. As with any service-based business, mutual fund companies charge fees for managing the portfolio, including fund management fees, registrar fees, agent commissions, and marketing expenses. These charges [...]
The Union Budget 2023 brought some significant changes to the taxation of investments in Debt Mutual Funds (DMFs) in India. Earlier for Debt MFs held for over 3 years, investors were liable to be taxed at 20% with indexation benefits. Starting from 1-Apr-2023, incremental investments made in Debt Mutual Funds with less than 35% [...]
