Personal Finance Blog - Mymoneysage

How Procrastination Affects Your Finances | My Money Sage

September 21, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance, Retirement Planning, Tax Planning

A recent study suggests that procrastination is the outcome of present-biased preferences. Have you ever noticed how children do chores if you promise to buy them chocolates? That’s how the human mind works. Unless there is instant gratification, doing work is not very appealing. Instant gratification is more pleasing to most of us rather than Read more...
Why do Investors buy negative yield Bonds?|My Money Sage

September 6, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Globally, Government bonds worth around $16 trillion are now trading at negative yields, which is about one-third of the global bond market. This figure has almost tripled from October 2018. People have always deposited their money with the government with the assurance of getting it back with interest. Now, they are paying governments to keep Read more...
10 Financial Topics to Discuss Before Getting Married | My Money Sage

August 29, 2019 | by KishorKumar Balpalli | Financial Planning, Health Insurance, Insurance Planning, Investment Planning, Personal Finance

Marriage is about merging your finances, possessions, ambitions, dreams, and histories. A significant part of your future as a married couple involves money, so take time to talk about your finances before walking down the aisle. Relationships have become much more complicated due to the increase in nuclear families, working wives and mothers, couples living Read more...
Inheritance rights of Woman: Here is how to secure | My Money Sage

August 20, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Women have always faced discrimination and have not been able to inherit ancestral property due to several reasons. As a woman you need to be aware of your inheritance rights whether as a wife, daughter, mother or a sister. Get your financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register now Read more...
How does expense ratios affect your Mutual Fund returns | My Money Sage

August 19, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Mutual Fund, Personal Finance, Tax Planning

Its a zero-sum game, the higher the expense ratio, lower will be your Mutual Fund returns. The expense ratio of a mutual fund is the annual fee that the fund house charges for managing your money. A lower yearly expense will boost your returns and help you to accumulate a more substantial corpus in the Read more...
5 reasons to invest in REITs and InvITs | My Money Sage

August 2, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, NRI, Personal Finance, Real Estate, Retirement Planning

While investing in Real Estate retail investors face two challenges one is the ticket size and the other one is liquidity, this is where REITs and InvITs come handy. Get your financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register now What are REITs and InvITs? Real Estate Investment Trusts (REITs) Read more...
7 Money Lessons from Boris Becker & Mike Tyson | My Money Sage

July 9, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Retirement Planning

Tennis star Boris Becker and heavyweight boxing champion Mike Tyson have a lot in common. Becker was the youngest champion to win the men’s singles trophy at Wimbledon at the age of 17. He was also the youngest winner of a Grand Slam title in men’s singles. Tyson became the youngest heavyweight boxing champion at the age of 20. And, both of them went from riches to rags. Get your financial plan done by a Registered Read more...
How will Union Budget 2019-20 impact your finances | My Money Sage

July 8, 2019 | by KishorKumar Balpalli | Financial Planning, Personal Finance, Tax Planning

Finance Minister Nirmala Sitharaman’s maiden budget provides a road map for moving from a $2.7 trillion economy to a $5 trillion economy in the next five years. The budget shows that the government’s focus is on widening the tax base and improving tax compliance. Get your financial plan done by a Registered Investment Advisor. Its FREE, Read more...
Guide to choose the right Debt Fund for your Portfolio | My Money Sage

July 2, 2019 | by KishorKumar Balpalli | Financial Planning, Fixed Income, Investment Planning

A debt fund provides diversification and stability to a mutual fund portfolio. Usually, there is an inverse correlation between debt and equity investments, so when one goes down, the other often goes up. Get your financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register now A portfolio that includes equity and Read more...
5 risks you should understand before investing in Mutual Funds | My Money Sage

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

Mutual funds offer many benefits, such as convenience, transparency, liquidity, low cost, flexibility, and diversification, but there are also certain risks associated with it. Indians have always preferred to invest in gold, real estate, and bank fixed deposits. Now, more and more people are opting to invest in mutual funds regularly through Systematic Investment Plans Read more...

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