Personal Finance Archives - Mymoneysage Blog

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...
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...
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...
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...