Personal Finance Archives - Mymoneysage Blog

COVID-19 – Impact on Travel and Tourism in India

Published date September 7, 2020 | by Research Desk | Financial Planning, Investment Advisor, Personal Finance

What’s Happening? The world is facing one of the most significant pandemics of the century, the COVID-19. The first case registered in December 2019, has grown to more than 3 Crore now. To contain the spread of the disease, the majority of the countries have imposed lock down and travel restrictions in their country. Due Read more...
Finance Planning – Why is it so important?

Published date August 28, 2020 | by Research Desk | Financial Planning, Personal Finance

Managing wealth is a difficult task, and personal finance planning is gaining more importance with time. People these days require a strategy for managing their money because markets are becoming uncertain, and predicting the future is not easy. So, this article will help you manage your money more strategically. What is Finance Planning? Personal Finance Read more...
NRI Taxation -How is the Income taxed?

Published date July 29, 2020 | by Research Desk | Advisor Zone, income Tax, NRI, NRI, Personal Finance

It is essential to determine the residential status of the taxpayer to determine the taxability of income earned by such taxpayer. However, in the case of a resident taxpayer, all his income would be taxable in India, irrespective of the fact that income is earned or has accrued to taxpayers outside India. However, in the Read more...
12 Rules of Value Investing

Published date July 7, 2020 | by KishorKumar Balpalli | Advisor Zone, Financial Planning, Personal Finance

Value Investing is a strategy of investing where investors pick stocks based on fundamental and technical analysis and invest in those that are trading lower than the intrinsic or book value. Get your financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register now “Most people get interested in stocks when everyone Read more...
Best Large Cap Mutual Funds to Invest in 2020

Last updated on June 12, 2020 | by Research Desk | Advisor Zone, Direct Mutual Fund, Financial Planning, Investment Planning, Personal Finance, Retirement Planning

Large Cap Mutual funds are equity mutual funds that invest at least 80% of their capital in stocks of companies, that are in the top 100 in terms of market capitalization. It would be interesting to see how actively managed Large cap mutual funds have fared in the recent market crash caused by Covid19. While 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...
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...