Investment Planning Archives - Mymoneysage Blog

Small Savings Schemes Interest Rates Cut: Should You Invest?

Published date May 11, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Small Savings

The new financial year (2020-21) hasn’t been great with the stock markets continuing to fall. The widely popular savings schemes i.e. the small savings schemes interest rates have been cut by the Government. This includes the popular Public Provident Fund (PPF) and Kisan Vikas Patra (KVP). Why did the government cut the rates? Get your Read more...
Smart Money Lessons to Teach Your Kids

Published date April 25, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Advisor, Investment Planning, Personal Finance

If you don’t show your children how to manage cash, another person will. And that’s why you need to teach your kids how to handle finances when they are young. There are many ways to give your children the head start you wish you had and set them Read more...
Banking Frauds: How should you protect your money?

Published date April 21, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Do you know that Indian banking customers have lost over Rs.228 crores to banking frauds (debit card and net banking) last year? According to news reports, over 52,000 cases of bank fraud have been reported as of December 2019. This has resulted in Indian users losing Rs. 228 crores during that period. Get your financial Read more...
Value Investing – A Right Approach for Wealth Creation

Published date April 15, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

We look for value in everything we buy. Why not stocks and mutual funds? In fact, many investors and fund managers look at value before adding these investments to their portfolio. Thanks to Benjamin Graham and Warren Buffet, the value investing has been a popular strategy since the 1930s. Even though the value investing has changed Read more...
Recession 2020? Here is how to protect your finances

Last updated on April 20, 2020 | by Research Desk | Financial Planning, Investment Planning, Retirement Planning, Tax Planning, Uncategorized

Get Free evaluation of your investments & a financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register now With rising defaults, fluctuating markets and plunging crude oil prices, having some cash sparing tips added to your repertoire could be Read more...
Section 80G: Income Tax Deductions for Donations

Last updated on April 20, 2020 | by KishorKumar Balpalli | Financial Planning, Insurance Planning, Investment Planning, Tax Planning

If there is one section under the Income Tax Act, 1961 that anyone can use, it is section 80G, helps you claim deductions on donations. Irrespective of whether you are an individual, company, or a partnership firm, you can claim tax exemptions under this section. Even if you are a Non-Resident India (NRI), you are Read more...
Ratings of Direct plans Mutual Funds are lower than that of Regular plans, why?

Published date March 18, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Mutual Fund

Do you know that there are many mutual funds whose direct plans have a lower rating than that of Regular plans? Does this defy logic? For instance, the BNP Paribas Multi Cap fund is a 4-star fund if you look at the direct plan. However, the regular plan seems to have a 5-star rating. Why Read more...
Life planning or financial planning?

Published date March 13, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

For most people, money is a part of life while for some others money is life. Does that mean financial planning is important for the latter and life planning is essential for the former? That’s not so. For every one of us, money is important to achieve financial goals and dreams. We ran the rat-race Read more...
Bank Auction: Be aware while buying a property

Published date March 4, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Buying a property in a Bank action? Banks sell off properties of those who have defaulted on loan payments. This includes both residential and commercial. The best thing about these auctions is that the properties are sold off at prices that are much below the market prices. However, there are many risks involved in buying Read more...
How do the rich get richer? – Thats Mathew Effect

Last updated on May 13, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Have you seen how the rich get richer and the poor get poorer? It is said that this is because of the Matthew Effect. The wealthy can capitalize their success and privileges to become more affluent. It is said that those who strategically leverage the Matthew Effect become dramatically wealthier as well as more powerful. Read more...