Residential status and incidence of tax
The first step towards tax filing is to get sure of your residential status. For a particular financial year (F.Y.) you could be an Ordinarily Resident, Resident but Not Ordinarily Resident or Non Resident in India. Without taking help of anyone you can...
Risk, Buffet and Principles
Investing in stocks need not be risky. In fact it should never be. ‘Risky’ is that area or path where you have not travelled before or in which you have little or no knowledge. This can be something very obvious. Let’s take example of investing in FD. This sounds...
NCDs are raining – What you should do?
Bad news – Bank FD interest rates are coming down – first declared by PSU banks and now by Pvt. Sector banks. Corporates whose FDs are open are likely to follow the suit soon. Good news – Corporates NCDs have started pouring in and offering interest rate ranging...
Stay Hungry, Stay Foolish
Steve Jobs’ commencement address to the graduating students ofStanfordUniversityin 2005 is surely one of most quoted speech of our time. Why am I going to quote the same here then? Ok, the answer is – as we aim to be with you in every journey of yours, where...
M(oney) Seal : Fixes all types of money leakages
One keeps wondering why one does not have enough and then seeks ways and means to look for the best opportunity, ask for the best tips, read reports from brokers etc. and this then culminates into buying trends, fads, hot tips. This further culminates sometimes into...
The Mountain Man
Heard of Dashrath Manjhi? Yes – then you know the virtue of having undying faith on something that you are doing for days … months … years; No – then you had missed something, which could have changed your life for good, forever. Read on. Dashrath Manjhi was...
Education Funding and a Can of Worms
The other day Mr. Ajay has approached me to plan education funding for his son Ritesh. Among all the financial goals he has, this one is of utmost priority, I found. I enquired him about more details. And it opened a can of worms. 1) Estimation: We know the...
Create your own Capital Protection Oriented Fund
Market is flooded with Capital Protection Oriented (CPO) funds. Every fund house is coming with such close-ended schemes at regular interval. New Fund Offers (NFO) is often backed by either analyzing the best opportunities prevalent in the current market or by finding...
ePlan – FREE for life
We, at Transcend, always make it a point to add more value to our offerings and thereby empower you to reach new highs like never before. Taking that forward we have great pleasure in welcoming you to our new site http://www.onlinefinancialplanning.in. Here you can...
Everyone has the right to wealth
Wealth… The word has many connotations and means a lot of things to a lot of us. But that said most viewpoints would culminate at the same focal point – that is of having money which in turn may be in many forms so to say. Also, all the time all of us are...
The 25k Plan – Journey to 6 crores
This is a ready-made financial plan to demonstrate what Rs. 25,000 can achieve. In other words if you have Rs. 25,000 available per month to invest what all could you possibly achieve via the 25k plan. This has been prepared assuming persons in age range of 35-45. The...
Two reasons you are not getting rich
"My salary is great, I save a lot of my income and make investments regularly. So, why am I not getting rich?" If you find yourself asking this question all the time, let's do a reality check. In all probability, there are two reasons that get in the way of your...
Term Insurance – Myth and Reality
“You should take a life cover of 8-10 times of your annual income.” Does not this sound like a gospel now-a-days? Yes, almost! To some of us this is more surprising as we are receiving these calls from the same insurance agent who, just a year back or so, did not even...
Inaction is part of the strategy
The principle of civilisation is to move on. Shrug off excesses from time to time and move ahead. History is witness to this phenomenon. I call this long term historical inertia. The broad objective here is prosperity and the end of one era or phase signifies the...
Readymade solutions – An analysis
‘Readymade Solutions’ to create a corpus for your child’s education or for your retirement or for that matter any other financial goals are being offered by Mutual Fund houses or Asset Management Companies (AMC) in different fashions and names – have not we all come...
Estate Planning via Life Insurance
This is just not possible… period. Someone who has an estate most likely does not need life insurance. We hear things like “Life Insurance is an excellent idea for estate planning. Life Insurance is needed all your life i.e. till the time you die. Life Insurance gives...
Get started with inheritance planning before it is too late
How long would it take for the next of kin to access the estate of the deceased worth Rs 80 lakh? Family "A" comprising the surviving wife and her two adult children, who are married, took all of eight years. During this period, the delay was on account of lack of...
Understanding Assets
Besides general living expenses, everything else money tends to buy is an asset of some sort. Assets are good, we like to have assets and it’s definitely a good idea too, to have assets. Just that there are two types of assets viz., Consumption Assets &...
Prosperity, a necessity today
It does not matter how much you earn; what matters is, how much you are worth? Apologies to my readers if this sounds like a line straight from Gordon Gekko’s hall of fame. Take a look around you; who and what do you find? Is there an option to struggling, striving,...
The world for your child
Take a quick check around you; what is the single most important thing for parents? Most would settle at “the best possible future of our child.” This is natural, fair and absolutely reasonable. There is nothing to contest the purity of this emotion save & except...