The Opportunity Cost

Opportunity Cost

Last weekend while I was attending a marriage ceremony of my cousin, I met with many cousins of mine whom I had not seen from quite a long.

As I am the eldest child of my family, and my parents are the eldest child from their respective families too, most of my cousins are younger to me. I had well-engaged discussion with few of them about their life and their future aspirations. But as I have this bad habit of discussing personal finance, after few minutes of discussion usually discussion gets drifted towards my favorite topic, that is The Personal Finance. As I did with my one of the cousin in my last post. 🙂 Read Full Article →


Is he an Advisor or a Distributor?

Personal Finance Doctor

Later part of the last week I was on vacation to attend a wedding of one of my cousin at Ahmedabad.

After one late night event, another cousin of mine (professionally a practicing doctor) gave me a ride to the place I was putting up, let’s name my cousin Amit. On road casually I changed the topic and drifted to Personal Finance related discussion and started discussing his future plans and kind of investments he is making to achieve them. After few fund names and discussing casual review of them I casually asked him how did you end up with such funds, and as I expected for most of them he just checked their returns on the internet and decided to invest in them because of their good returns irrespective of risk being involved and whether it’s within one’s risk capacity or not. He did try to approach few financial planners to help organize his finances but they could not establish a trustful environment with him and hence he decided to do investment planning on his own. But one thing my Doctor cousin forgot is the way he expects a sick person to visit a doctor instead of taking medicine on his own similarly when you are sick with investments you need to see a Personal Finance doctor, that is an Advisor. For him finding an Advisor itself was a challenge, forget about finding the best Advisor. Finding a good Advisor is as complex to him as finding a good doctor for any non-medical person. Read Full Article →


6 Systematic Investment Plan Mistakes

Systematic Investment Plan

If you are a vivid “Personal Finance” related article reader, like me, then surely you would have read at least one article wherein it says that there are lots of cash inflow to Mutual Fund industry via SIP route while market is moving upwards, like we saw till Diwali time, and if you observed closely such news disappears when market stumbles, like it did post Diwali. Because seldom such news appears in down trends. The market is going to be volatile by its nature. Based on my discussion with few of my friends and few online articles like this I was able to find few mistakes which we make with our SIP investments. Read Full Article →


Realty Property Dilemma of My Friend

A few days back one of my good friend, let’s name him Amit, asked me a generic question, what’s your thought on Realty Property as an investment? My answer was very simple, Property is meant for consumption. As per his facial expressions, I could understand my one liner answer was not something he was looking for and he was certainly not satisfied with that answer. For obvious reasons my one liner answer arouse many questions and it became a big lunch time discussion topic. Read Full Article →