The Wealth Architects

We Design Your Financial Destiny

(Funny) Words of Wisdom : "I am thankful for the taxes I pay because it means that I'm employed." ~ Nancie J. Carmody

Stop! Don't Invest In The Stocks Markets (Directly)

I repeat what I have always stated... do not invest directly in equity shares.

Instead, (please) take the mutual fund route to invest in the stock markets. This is in your best interest.

Here's a real life example of why I say so.

This is the true story of one of my clients. But, I am absolutely certain that many (many) investors sail in the same boat.

Why Super Top Up Health Insurance Plan Is A Must

'If we fall ill, we often have to pay a hefty medical bill.' This is the (unfortunate) reality of today.

Thankfully, there is a good solution... buy a health insurance policy.

But this has one problem. A decent insurance cover of Rs.15-20 lakhs — which will pay across simple to serious illnesses — will be too expensive.

Thankfully, this too has a good solution... buy a combo of basic + top up policy.

Lost Money On Mobile Wallet? Report It ASAP.

In July 2017, the Reserve Bank of India had issued a notification to protect the customers against unauthorized transactions in their 'bank accounts and credit cards'.

As per the said guidelines, the customers could limit their liability in cases of any unauthorized electronic banking transactions. Must Read : Victim Of Online Fraud? Notify Your Bank ASAP.

In recent times, mobile / electronic wallets such as Paytm, GooglePay, Amazon Pay, PhonePe etc. have become hugely popular.

PO Small Savings Schemes Interest Rates Jan-Mar'19

Except for a couple of changes, the Govt. has largely maintained the same interest rates on various Post Office Small Savings Schemes for the 4th quarter of the current financial year 2018-19.

This announcement was made by the Department of Economic Affairs, Ministry of Finance vide its Office Memorandum — Revision of interest rates for Small Savings Schemes — dated Dec 31, 2018.

Housewives Too Can Become Millionaires

There's no reason why millionaire aspirations of a housewife should remain just aspirations, or be dependent on her spouse.

Presented below is a simple recipe to transform these aspirations into reality. And, I am not joking.

The secret to becoming a millionaire lies in just one simple word — compounding.

NEW Year. OLD Resolutions. The Timeless Money Maxims.

World's greatest and richest investor, Warren Buffett has very rightly observed that "The pace of the earth’s movement around the sun, is not synchronized with the time required for either investment ideas or operating decisions to bear fruit."

In other words, our investment and personal finance decisions SHOULD NOT become hostage to calendars.

Fake News On Investment: Absolute Vs Annualized Return

Yesterday, I read about an investment strategy in a leading business newspaper.

The plan was (almost) Ok. But, the troubling part of the article was its rather misleading calculation methodology. It (wrongly) implied 'very high' returns from the said investment.

I am worried that many novice investors, who do not understand the nuances, may make a wrong choice given that its a large and trusted publication.

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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