Personal Finance Blog - Mymoneysage

The action bias in investing and how to come over it | My Money Sage

January 16, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

For how long will you be able to keep quiet without doing anything, that is, if you are not meditating? 5 minutes? 15 minutes? Half an hour? I am sure you will be bored after that. Even if you are silently watching Facebook or Instagram, will you not react to posts? I am sure you Read more...
Operation Twist & how does it affect investors?

January 10, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Have you heard the Reserve Bank of India (RBI) is doing the Twist? I’m not joking. Well, RBI has taken up ‘Operation Twist’. The first lap of this operation was launched on December 19, 2019. This ‘twist’ will help improve long term investments in India. What is this all about? Listen to the Article:Your browser Read more...
Nominee or Legal Heir: Who will inherit your assets | My Money Sage

January 9, 2020 | by KishorKumar Balpalli | Financial Planning, Insurance Planning, Investment Planning, Personal Finance

Rahul has got a savings account, equity shares in listed companies, mutual fund investments, and a residential flat. He has also got a life insurance policy. He has named his wife as the nominee under the policy. Rahul has also named his wife and mother as the nominees for various properties that he owns. He Read more...
The Butterfly Effect And Personal Finance | My Money Sage

January 7, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Do you know that a butterfly flapping its wings in New Mexico has the power to cause a hurricane in China? That’s the Butterfly Effect! It may take a very long time for that to happen but there is a real connection between the two events. The hurricane would not have been there if the Read more...
How to Avoid Planning Fallacy In Financial Planning | My Money Sage

January 3, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Have you read about that flyover in your city which was supposed to be completed in 2010 but is yet to get completed? There are several such projects in India and abroad. India’s Ministry of Statistics and Programme Implementation says that as many as 340 infrastructure projects, each worth Rs. 150 Crore or more, have Read more...
How the rich defy Parkinson’s law | My Money Sage

December 13, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

When they read Parkinson’s, most of the people think of Parkinson’s disease. However, here I am talking about the Parkinson’s Law. This law states that “work expands to fill the time available for its completion.” This was written in 1955 by Northcote Parkinson, a British naval historian and author. All of us might have experienced Read more...
7 Investing Lessons From Mahabharata | My Money Sage

December 9, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Mahabharata is one of the greatest and most loved epics in Hindu mythology. This was written by Sage Vyas. The story is about the war between the Kauravas and the Pandavas. It’s a good vs evil, virtuous vs vile story. The story helps you to differentiate between the good and the bad. Your grandparents might Read more...
How to assess an insurance company before you buy a policy | My Money Sage

November 27, 2019 | by KishorKumar Balpalli | Financial Planning, Insurance Planning, Personal Finance

You buy your insurance policy from a reputed insurance company and will continue to pay premiums for several years. So, it’s a long-term relationship. But do you know whether that insurance company will remain solvent when you make the claim on your policy? Here’s how to assess your insurance company’s financial fitness. Get your financial Read more...
Why HNIs Need Financial Planning | My Money Sage

November 25, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Is making your wealth grow so difficult? Of course! It is a lot of hard work, especially if you have a huge surplus. Being a High Networth Individual and having a lot of money to handle is common. When you have a lot of money, it will not be easy to re-arrange the mix of Read more...
Here is how to handle company deposit defaults/frauds | My Money Sage

November 23, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

An interest rate of 11-12 percent per annum for a period of 3-5 years seems pretty lucrative. Moreover, if it comes from a deposit, it appears safe. No wonder investors rush to buy company deposits. These are fixed deposits issued by companies that include manufacturing firms and Non-Banking Finance Companies (NBFC). What these investors fail Read more...

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