Sanjay Matai, The Wealth Architects

The Most Authentic Guide on Personal Finance and Investments


Words of Wisdom : "Try to be a rainbow in someone's cloud." ~ Maya Angelou

Importance of Investing in a Mediclaim Policy

Life is uncertain. Though you may wish for life to go on smoothly, there may be numerous untoward instances along the way.

There may be chances of contracting a medical condition or a disease that requires hospitalization. During such unavoidable circumstances, you may have to make out-of-pocket expenses to meet your medical bills.

Given the ever-increasing medical inflation, receiving treatment is indeed an expensive affair.

The Challenge To Retire Early Before You Turn 50

Almost all of us desire to retire early. Yet, for almost all of us, early retirement is a BIG challenge.

Because: What we may save during our working life, may not appear to be sufficient to comfortably see us through the years of retirement.

Increasing life span makes it crucial for us to plan for a post-retirement life of at least around 25 to 35 years. This, by no means, is easy.

Bharat 22 ETF NFO : Should You Invest Or Not?

Few months back, the Govt. of India had announced its plan to launch a new Exchange Traded Fund... Bharat 22 ETF.

A brief overview of the same was featured earlier on this blog viz. Bharat 22 ETF: Twenty Two Companies. One Investment.

ICICI Prudential AMC Ltd., who would be managing the scheme, is shortly opening the scheme's New Fund Offer for subscription.

Salient features of the same are detailed below.

Identity Theft Is An Extremely Serious Threat In Digital Age

Martina was traveling through Boston one summer, when her bag was snatched while she was having lunch at the airport. 

As she normally does, she was carrying a number of credit cards, some money, a couple of ATM (Automated Teller Machine) cards, and a few travellers' checks too.

She had to quickly make many calls to cancel all her credit cards and ATM cards. However, in the meantime, the thief had enough time to use her credit card to buy $500 worth of things, before the card could be blocked. In addition, she lost over $300 in cash.

NRIs With Investments In PPF And NSC Must Act ASAP

Since last many years, Non Resident Indians (NRIs) are NOT ELIGIBLE to invest in various Post Office Small Savings Schemes such as PPF, NSC, POMIS, KVP, etc.

However, until now, there was one exception to this complete ban.

Resident Indians who had an active PPF (Public Provident Fund) Account and later became an NRI, were allowed to continue investing in the same till its maturity. Of course, the maturity proceeds were Non Repatriable and the option of 5-year extension was also not available.

This relaxation has come to an end:

57% Tax Cut On Debt Mutual Funds Vs Fixed Deposits

Bank Fixed Deposits...
... offer interest income, which is known beforehand at the time of investment;
... the risk of losing capital is practically nil;
... you can withdraw your investment anytime you wish to (with some loss of interest and penalty);
... there is tedious TDS to deal with.

Budgeting : The Key To Financial Freedom And Success

Budget is an important tool to efficiently manage your personal expenses. It is also the key to successfully meeting your financial targets and objectives.

Whenever your spending budget is stretched to the limit, your financial goals become difficult to achieve.

But, before you can fix your daily expenses budget, you need to know precisely where you are falling short financially.

You Learn A Lot By READING... And Even More By SHARING.

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Ignorance is like a SIGNED BLANK CHEQUE... anyone can MISUSE it.

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