The Wealth Architects

We Design Your Financial Destiny

(Precious) Words of Wisdom : "Failing to plan... is planning to fail." ~ Alan Lakein

There Are 'No' Best Mutual Funds For Investment

Over the last 10-12 years — since I became a mentor on personal finance and investments — I have been asked one question a million number of times, "Which are the best mutual funds to invest in?"

Whether it's the friends or relatives or colleagues or at the social gatherings or through emails or at Quora, this question has repeatedly haunted me ever since.

My answer, of course, has been one and simple, "None. There is no such thing as the best mutual fund(s)."

Don't Underestimate The Power Of Financial Literacy

There's no denying the importance of knowledge in today's information age.

There's no denying the importance of money in today's consumption age.

Combining the two, there's no denying the importance of 'knowledge about money' i.e. financial literacy.

Insurance Quiz To Make You A Smart Policy Buyer

Insurance, particularly life insurance, is a very deceptive and dangerous minefield.

Instead of 'protecting' the policyholders and their nominees, it has in fact destroyed the personal finances of numerous people.

The key idea of the quiz below is to reveal the true nature of these policies, so that you don't become their next victim.

Let's Learn From Warren Buffett's Letter To Shareholders

Like every year, last week too the legendary investor Mr. Warren Buffett presented the Annual Accounts for his company Berkshire Hathaway Incorporated (you need Rs.2 crores to buy its ONE share).

Like every year, this year too he shared many nuggets of wisdom in his customary letter to the shareholders.

Here's what we can learn from the same and make our investments highly profitable.

Compensation For Flight Delay, Cancellation Or Denied Boarding

Are you aware of the "Facilities to be provided to passengers by airlines due to denied boarding, cancellation of flights and delays in flights"?

Directorate General of Civil Aviation (DGCA), an attached office of the Ministry of Civil Aviation, has laid down certain guidelines in this regard.

These are detailed under the Civil Aviation Requirements Section 3, Series M, Part IV.

Discussed below are the salients aspects of the same.

Digital Payments Problem? Ombudsman Is Here To Help.

In recent times, online payments have exploded. And so have the complaints against the companies conducting such digital transactions.

Hence, the Reserve Bank of India (RBI) has announced the The Ombudsman Scheme for Digital Transactions, 2019.

Ombudsman is a senior official appointed by the RBI, with the specific mandate to address customer complaints against online digital payment companies. The objective of the scheme is to provide "cost-free" and "speedy" mechanism to resolve complaints related to digital transactions of non-bank entities regulated by the RBI.

Damaged Notes: RBI Rules To Exchange And Claim Refund

In December 2018, RBI had announced the Reserve Bank of India (Note Refund) Amendment Rules, 2018.

This is an update on its earlier Reserve Bank of India (Note Refund) Rules, 2009.

These revised rules aim to simplify and liberalize the whole process of exchange, so that people can get a refund for the cut / mutilated / soiled notes without any difficulty.

An Investment In Knowledge Pays The Best Interest ~ Benjamin Franklin

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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... Three VALUABLE Tips ...

1. You Can Lose Money Even In The Govt. Securities
Govt. Securities too are risky
Investing in Govt. Securities is NOT ALWAYS risk-free and 100% safe.


2. Are No-cost EMI Loans Genuine or Fake?
No-cost EMI Loan
No-cost EMI Loans are not black and white deals. Do read the fine print CAREFULLY.


3. Life Insurance : A Terrific Concept but Terrible Product
Good and Bad about Life Insurance
Are you aware of the Good and Bad points about Life Insurance Policies?