Why Some Investors Fail When They Use Mutual Funds
Mutual funds are good instruments to put your money in. Many investors know this and use it to their advantage. Some investors, however, consistently do not succeed when they use mutual funds as financial instruments. Out of my experience, I can list few important reasons why some people fail when they use mutual funds. If [...]
What You Should Not Be Doing in The Transition Phase in Retirement Planning
Whether you are salaried person, employed by a Government or private entity, a professional, a business person or anyone who have indulged in active pursuit of goals, take care not to fall in to the trap of adventure seeking. a) Do not take an about turn in your career. If you had been an office [...]
The Transition Phase in Retirement Planning
It used to be the common refrain in the last decade that people wanted to retire early. How early? ‘May be after 45 years’ used to be the common answer. Somehow, such thinking has diminished in the new decade. Reasons could be many. Stagnation of salaries could be one of the reasons for loss of bullishness [...]
Retirement Planning – Accumulation and Growth Phase
The general connotation of retirement planning actually is “Accumulation and Growth Phase” and other phases are conveniently ignored but not by a professional. This phase of retirement planning is most exciting for you and host of other solution providers especially product manufacturers whereas you must give equal importance to all the phases of retirement planning. [...]
Planning For Your Retirement
Your retirement planning time horizon can be divided in to four major stages or phases: a) Accumulation and Growth Phase b) Transition Phase c) Consumption phase d) Transmission or ‘giving away’ phase One fundamental question you will face is when to start ‘investing’ for your retirement. Logical answer is soon after you receive your first ‘income’ [...]
Time Perspective
Are you past or present or future oriented? Your time perspective has a major bearing on your ability to create wealth. According to the research done by psychologists, if you have future time perspective, you will be more successful. People with future time perspective (futures) get more education and they earn more money. Also, they [...]
Souring Dreams of Indian Middle Class
Two headlines in today’s Economic times attracted my attention and also caused a bit of turmoil. LIC’s Large Exposure to PSUs Raises Fears on Returns Front Fees at Some IIMs Triple in 5 Yrs; up 15% at IIM-B This Yr First one was about Govt.’s dictate to the state run life insurance company to buy [...]
Imagination
Following paragraphs are extracted from Napoleon Hill’s 1938 classic “Think and Grow Rich” The imagination is literally the workshop wherein are fashioned all plans created by man. The impulse, the desire, is given shape, form, and action through the aid of the imaginative faculty of the mind. It has been said that man can create [...]
Are Your Finances Under Stress?
If yes, how will you know about it before you run out of time? Similar to economic indicators of a country that can tell if economy is doing well or not, you can draw up these four financial statements to know about your finances. a) Income & Expenses Statement b) Cash Flow Statement c) Family [...]
Have The Cake and Eat It Too
It is important that you make money when you invest. For the sake of simplicity, let us remove theone off investments such as purchasing or constructing a house property or buying a farm house from the scope of discussion and consider only the regular investments you make every day such as bank deposits, bonds and [...]
