Investment Planning Archives - Mymoneysage Blog

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...
What Investors Can Learn From Prospect Theory Or The Loss Aversion | My Money Sage

November 18, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance, Tax Planning

Heard about that investor who hates losses? Well, almost all investors hate to make losses on their investments. Most of us feel twice the pain when we make a loss on an investment than when we make a gain. This is known as loss aversion bias. Get your financial plan done by a Registered Investment Read more...
How many Bank Accounts you should have | My Money Sage

November 15, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance, Small Savings, Tax Planning

With individuals changing jobs often and banks making it easy for them to open a salary account, an individual today might have a number of Bank Accounts. Is this a good trend? Not exactly. Get your financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register now You must understand that the Read more...
Here is how to include charity in your financial plan | My Money Sage

November 11, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Mutual Fund, Personal Finance

The concept of charitable financial planning is popular in international markets. This is now gaining popularity in India.There are many reasons why you might want to give money to charity. It could be because you want to help the needy or it could for your own emotional well-being. Whatever the reason, donations always make the Read more...
Money Lessons From Robert Kiyosaki The Author of ‘Rich Dad Poor Dad’ | My Money Sage

November 8, 2019 | by KishorKumar Balpalli | Financial Planning, Fixed Income, Investment Advisor, Investment Planning, Personal Finance

Heard of the book Rich Dad Poor Dad? The author of this book is Robert Toru Kiyosaki. Thanks to his financial knowledge, he has been able to come out of bankruptcy. Here is his story. Get your financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register now Kiyosaki was born on Read more...
Try The Virat Kohli Style Of Investing | My Money Sage

October 26, 2019 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

We all know and love Virat Kohli, the captain of the Indian cricket team. He is committed and passionate when it comes to cricket. This exuberant attitude is seen in everything he does. This includes his endorsements and business ventures. Get your financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register Read more...
How Safe Is Your Bank Fixed Deposit? | My Money Sage

October 21, 2019 | by KishorKumar Balpalli | Financial Planning, Fixed Income, Investment Planning, Personal Finance

Depositors presume Bank Fixed Deposits to be 100% risk-free investment, which is not true, there is always an inherent risk associated with any investment, Bank Fixed Deposits are no exception. You must have read about the Punjab and Maharashtra Co-operative (PMC) Bank and how depositors are finding it difficult to get back their money. Here’s Read more...
5 Hacks For Fighting Financial Procrastination | My Money Sage

October 16, 2019 | by Research Desk | Financial Planning, Investment Advisor, Investment Planning, Personal Finance, Retirement Planning

Have you been postponing your savings and investments? Are you just too lazy to look up mutual funds and fixed deposits for investing your money? Then, you are one who indulges in financial procrastination. This procrastination can have bad results for your finances in the long run. Read the article to find out how to Read more...
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...