The Wealth Architects

We Design Your Financial Destiny

(Serious) Words of Wisdom : "The stock market is a giant distraction from the business of investing." ~ John Bogle

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.

Five Key Tax Benefits In The Interim Budget 2019

On Feb 1, 2019, the Finance Minister Shri Piyush Goyal presented the 'interim' budget for the Financial Year 2019-20. Since the general elections are due soon, the full-fledged budget will be presented only after the new Govt. is formed sometime in May/June.

Meanwhile, the present Govt. took the opportunity to make some key changes in the tax laws.

Listed below are some the salient aspects of the same.

Investing In Thematic or Sectoral Mutual Funds Is Unsafe

As the name suggests, Thematic or Sectoral Mutual Funds invest a significant part — not less than 80% — of the corpus or Assets Under Management (AUM) in a particular theme or sector e.g. Banking Fund, Pharma Fund Technology Fund etc.

Prima facie such 'focussed' funds are a great way to make big money. Actually, it is all about human psychology... what we commonly refer to as the 'herd mentality' (or some sophisticated investors would rather term it as 'momentum').

Fake News On Investment (Again): Misleading Annuity Returns

Just a few weeks back, I had warned you about a fake news on investment.

As cautioned, you shouldn't let the 'absolute returns' fool you into making a bad investment. You must always focus on the 'annualized returns'.

Well, here is one more investment scheme, wherein quite a few articles on the internet and newspapers are reporting highly inflated and misleading return on investment.

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.

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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1. 'Stock Markets At An All-time High' Is Absolute Nonsense
All-time high at the Stock Markets
Do you believe, at current market levels, you are standing at the edge of a cliff?


2. Family Floater Health Policy: Insure Your Parents Separately
Family Floater Health Insurance
Wider and cheaper health cover is possible if parents are insured separately.


3. Herd Mentality: Why Do We Follow The Crowd? And Is It OK?
Herd Mentality: Is it good?
(Blindly) follow the crowd and your investments could suffer deep losses.