Finanacial | Hirannya

15 Things Your Financial Advisor can do for You – Part 3

By: hirannya | Tags: accountant, investment, lawyer, opportunities, Tax | Comments: 0

[Continued from previous post] (11) Keep you informed In good times and bad, your financial advisor will keep you informed of how market moves are affecting you and your portfolio and strategy. He or she will also let you know about important events that may affect your investments – including elections, global unrest, changes in tax rules etc. You have more important things to worry about than the state of your portfolio at any given time, but your financial advisor does not. (12) Teach your family basic concepts You can't do it […]

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Apr, 2015

15 Things Your Financial Advisor can do for You – Part 2

By: hirannya | Tags: estate, Family Budgeting, financial coach, Insurance, Retirement Corpus | Comments: 1

[Continued from previous post] (6) Keep you on track Think of your financial advisor as your Gym Instructor or Personal Trainer. He does not only create a diet chart and exercise plan for you, he also makes sure that you stick to it – day after day. So in other words your financial advisor is also your financial coach. Making a wonderful financial plan is futile, if it is not followed. Your financial advisor is supposed to guide you at every step here. Overspending, leveraging, easy credit, get-rich-quick schemes – […]

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Apr, 2015

15 Things Your Financial Advisor can do for You – Part 1

By: hirannya | Tags: Budget, debt, Excel, family, financial advisor, Investments, loan, savings | Comments: 0

[Inspired and in part taken from JAS Wealth’s eBook of the same name] (1) Do you have a budget? Do you stick to it? It’s a simple statement which can be made using a pen and paper, an Excel worksheet, an App or anything similar you can imagine. The idea is to bring a pattern to a chaos named family budgeting. After checking out lots of tools – online and offline – we found one simple Excel sheet that you can use to maintain an account of your income and […]

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Mar, 2015

NPS – 10 Point Guide

By: hirannya | Tags: 80C, 80CCD, Annuity, asset class, National Pension System, NPS, Pension, PFRDA | Comments: 2

Off late, lot of inquiries are coming in relation to NPS (National Pension System). We would be happy to answer them individually. But here is a quick 10 point guide in regards to the same. This may answer few of your doubts. But if the below guide does not answer your query, please mention the same using comment section below this article. We will surely get back. Here you go – 1) NPS Contribution can be made by all of us voluntarily or can be made as part of […]

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Mar, 2015

Risk – What is Important?

By: hirannya | Tags: Investments, Knowledge, Regulation, Risk, SEBI, Term, Time Horizon | Comments: 0

In its “Investment Advisers Regulation” SEBI has mentioned the following – Investment Adviser shall ensure that, it obtains from the client, such information as is necessary for the purpose of giving advice, including Risk Appetite / Tolerance. We are following the above guideline strictly. But at the same time we strongly believe that there are more to it. As far as Risk Appetite / Tolerance is concerned investors are mostly classified in three broad groups – Conservative – Moderate – Aggressive. But such ‘One size fits all’ strategy rarely works. Let us […]

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Feb, 2015

Budget – How does it matter?

By: hirannya | Tags: Budget, Financial Planning, Investments, Portfolio, Tax | Comments: 1

Just for a moment think that you have been always a prudent investor and you understood very well the power of compounding and impact of inflation on return. Now suppose you always schedule your yearly vacation during budget time. So this means you go to some place far away may be in North-East India or in Galapagos or in Timbuktu island just few days before the budget day. You do not get any internet there, no newspaper, no TV channel. And you come back almost after 7 days since annual budget is presented […]

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Feb, 2015

Retirement Planning

By: hirannya | Tags: Financial Planning, Retirement Planning | Comments: 0

Nothing is permanent in this world. Everything that comes will definitely go including us. But we don’t know when. Apart from this everybody would like to live life peacefully as long as they live. You have to decide whether you want to depend on somebody or live on your own without compromising your life style throughout your life. That is why it is best to put our best efforts and save more for the future. The important thing you have to begin with is to have a retirement plan for […]

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Feb, 2015

This umbrella is for all season

By: hirannya | Tags: Financial Planning | Comments: 0

Wherever you are, you surely experience monsoon at some time or otherin the year. During monsoon we never forget to carry an umbrella whenever we go out somewhere (We may forget to bring it back thoughJ). The good old umbrella will protect us from untimely showers, will keep us neat enough to carry on our tasks, will help us to keep promises that we have made – even when mother-nature tries to play spoilsport. Similarly we need to carry an umbrella throughout our lifetime to protect us and our families,financially […]

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Feb, 2015

You also have a stake in the market, do you know that ?

By: hirannya | Tags: Financial Planning | Comments: 0

Yesterday, I met a friend in my office. And my friend’s friend was also there with us. While we were discussing about our profession, challenges and opportunities; he suddenly asked – So you people deal in finance, right? You then must have invested heavily in the stock market also? I replied – No, not exactly … Before I could say anything further, he quipped – Good, you should not. Because stock market is risky and nothing but a gamblers’ den. I replied – that see, driving is also risky. It […]

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Feb, 2015

Make sure that you get 10 out of 10 here!

By: hirannya | Tags: Financial Planning | Comments: 0

You know that financial planning is important and that is you are opting for it or you have already opted for one. Here is 10 point checklist to make sure that you get it all from your financial planner and miss nothing – Financial Planning is having a bird’s eye viewof all your financial matters Financial Planning is joining bits and pieces to make you see the big picture Financial Planning is a roadmap / blueprint / game-plan to achieve financial freedom Financial Planning is financial fitness Financial Planning is […]

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