Why investing in current top fund is wrong strategy?

I enjoy answering questions on Quora. It is a fantastic platform to exchange knowledge and learn new things. I confess some of the blog ideas are straightway picked up from questions I observe on Quora. Lately, because Indian market is at its pick as of writing this article, please have started asking few very simple questions, allow me to put them in a template, “What is Best Mutual Fund to invest {A} amount a month?” OR “Should I switch to fund {B} because fund {C} did not do well last year?” OR “Is it good to add fund {D} because it did give fantastic returns last year?”. At times I do attempt to answer them but mostly my answer gets conveniently ignored because it is not what they expect. I tell them to not to chase current best, instead look for the long term good performing fund. Read Full Article →

 

Collection of Thumb Rules

Personal Finance Thumb Rules

Last few years reading on personal finance gave me several “Thumb of Rules” which I wished I would have collected somewhere for easy reference later on, and to pull easy reference during several discussions on such topics. Such thumb rules are, by definition, not meant to give you exact answers but its purpose is to give a near correct answer with easy enough to understand and remember. Read Full Article →