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The right approach to investing is to make your choices as if you are sitting in a restaurant and choosing the most appropriate dish to eat. The right approach is to order what suits 'you' and not what others are recommending or relishing.
Start early, invest regularly and stay invested. Time makes money. Fixed deposits, shares, mutual funds, property, gold, etc. are merely the tools that Time employs to make money for you.
RBI has recently announced the details of the much-awaited Inflation Indexed National Saving Securities for the retail investors; proposed to be launched in the 2nd half of this month
Vehicle insurance is an integral part of vehicle ownership. Though it is a recurring annual expense, good news is that you can pull off huge savings in the premiums. Hence, it would be a good idea to be well aware of the nitty-gritty of such policies.
Sanjay Matai discusses the need to plan financials decisions in a way that it does not make others rich.
Personal finance advisor Sanjay Matai deciphers the best options for a child's insurance plan.
Investors most of the times are seen complaining about equity market that it has given no great returns especially since last five years, which unfortunately stands true. However, things are not that bad as they appear. There are fund that have outperformed equity benchmarks during volatile phase. Read this space to know which funds are they.
Floating rate loans are the cheapest. The short-tenure fixed loans would normally be about 0.25% to 2% costlier than floating rate loans, while the long-tenure fixed loans are the most expensive…at around 2-4% more than the comparable floating rate loans.
You all must be aware that you get the following tax benefits on the EMIs that you pay for your home loan
The dictionary meaning of ‘fast‘ and ‘quick‘ may be the same. But in “my†financial parlance they are totally different. In fact, so different that it becomes a matter of life and death- or a matter of poverty or prosperity- if you do not appreciate the distinction.
The economic problem in India has turned out to be a boon for the NRIs. With foreign investors pulling money out of India due to rising fiscal deficit and slowdown in GDP growth, rupee has been under severe pressure. It has seen considerable depreciation in last one year or so.
We all admire and envy Warren Buffett and his billions of dollars. We will any day be happy to achieve what he has accomplished.
One of the basic rules of buying stocks is to consider 'value'; not 'price'. But when the starting point itself is price, you are committing one of the fundamental investment mistakes.
The market is flooded with investment products that yield good returns. But investors still prefer traditional options like bank FDs because of security and guaranteed returns. However when one has a pile of debt, is parking money in FD advisable? Read this space to know what financial advisor Sanjay Matai thinks of such situation.
Becoming rich is, undoubtedly, a universal wish. If you too fall in the millionaire-aspirants category, presented below are some important financial tenets that will surely help you achieve your dream.
Provident Fund (PF) is one of the best fixed-income instruments. This is so because PF is the ONLY debt product (apart from PPF; but where the investment limit is just Rs.1 lakh p.a.) where the interest rate is not only quite attractive but more-importantly also “tax-freeâ€.
Beware! There may be many charlatans around you. And they are smart…very smart indeed.
Here a few tips on how housewives can also become financially savvy.
Read the details of an insurance policy very carefully because otherwise you could totally misunderstand the product.
No, there is no mistake in the title of this article - managing money is really and truly NOT about managing money.
There’s no reason why millionaire aspirations of a housewife should remain just aspirations or be dependent on her spouse.
In my experience, lack of financial literacy has been the main reason why people have not made the best use of their money. Their potential to become millionaires has, therefore, unfortunately remained unrealised.
Continuing with his series of excerpts from his latest publication Millionaires don’t eat cakes…they make them, Sanjay Matai now discusses Rebalancing - a key concept in becoming and remaining a millionaire.
Why do most people avoid risk? The reason…they equate risk with loss. For them, taking risk is as good as losing money. That being the case, they prefer to keep their money in safe places e.g. the bank deposits. The word risk evokes fear. Therefore, the natural reaction is to look for safety.
Countless books and articles have been written on how to become a millionaire. Countless CDs and DVDs have been produced on the subject.
