Maximizing savings is one of the most important things you can do to ensure you are comfortable in the future. Unfortunately, many people fail to put in place strategies that increase their wealth. A good way to start saving is to make a lump sum deposit into a separate savings account and make regular deposits […]
The Business of Being a Billionaire – Warren Buffett
Warren Buffett needs little introduction, especially for those focused on the business of making money. The richest man in the world is arguably one of the most successful investors of all time. But he’s also one of the most mysterious. In a world where fast money and big egos rule, he prefers to live his […]
Taking a comprehensive approach to your financial life
Money means different things to different people. Each of us has different dreams. You may want to achieve or maintain financial freedom so that you never have to work again – even if you plan on working the rest of your life. You may want to make a high quality education possible for your children […]
Are you underinsured, overinsured, or just plain insured?
Are you underinsured, overinsured, or just plain insured? Life insurance in its purest sense is protection against a financial loss / uncertainty which includes the risk of illness, disability, damage to property, and the most final of them all – one’s demise. The value of your loved one’s life is a very sensitive issue as […]
Loss aversion? Most investors and traders are victim of this phenomenon!
Loss Aversion: In economics and decision theory, loss aversion refers to people’s tendency to strongly prefer avoiding losses to acquiring gains. Some studies suggest that losses are twice as powerful, psychologically, as gains. V Raghunathan explains this phenomenon in his book The Corruption Conundrum and Other Paradoxes and Dilemmas. ‘The pleasure of Sensex going up […]
Life Insurance handbook: Pocket guide to all your insurance queries
As India progresses, most of us now have a plethora of investment opportunities to choose from. The more the options the more queries one has. One area where almost all of us have a host of queries is Insurance. Insurance plans whether traditional plans or ULIPs have many details that one needs to understand. We, […]