Personal Finance Archives - Mymoneysage Blog

Life planning or financial planning?

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

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...
Matthew Effect: Here is how the rich get richer

February 21, 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...
How to choose travel insurance that suits you best

February 20, 2020 | by KishorKumar Balpalli | Financial Planning, Insurance Planning, Investment Planning, Personal Finance

As a frequent traveler, you need to choose travel insurance that protects you. However, choosing the right travel insurance that protects you against flight delays, loss of baggage, trip cancellations and other hassles. is not always easy. You have to understand if you are eligible for the policy. Get Free evaluation of your investments & Read more...
Travel insurance: why do you need to buy?

February 20, 2020 | by KishorKumar Balpalli | Financial Planning, Insurance Planning, Personal Finance

If you are like the many who love to take a vacation abroad, However, there is one thing you need to pack with out fail: that is the travel insurance. Here’s how you will prepare for a big trip abroad, You will pack way too much, realize your suitcase does not close, then start taking Read more...
Market Research Report – Feb 2020

February 17, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Many domestic and global statistics will show the way forward for our markets this month. These include India’s Consumer Price Index (CPI) numbers, government yields, and jobless claims, manufacturing index data from the US. Here are the details you need to know. Get Free evaluation of your investments & a financial plan done by a Read more...
How do interest rates affect your investment portfolio

February 12, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance, Tax Planning

Every year the Reserve Bank of India (RBI) changes the interest rates in the country using its monetary policy. This affects a number of industries. You know that loan rates change. However, do you know that your investments get affected too? Interest rate dynamics play a role in every one of your investments. Let me Read more...
How to protect your portfolio from Black Swan events

February 8, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

Ever seen a Black Swan? No? There’s nothing wrong because they are rare. Black Swan events are rare events too. And black connotes negativity. So Black Swan events are all those events that rocked the stock markets across the world. Know of any of these? Classic Black Swan events include World War I, 2K internet Read more...
How will Budget 2020 impact your taxation

February 3, 2020 | by KishorKumar Balpalli | Financial Planning, Personal Finance, Tax Planning

There have been significant changes in the income tax rates for the salaried in this year’s Union Budget 2020. You must have read about it. Get Free evaluation of your investments & a financial plan done by a Registered Investment Advisor. Its FREE, but spots are limited. . Register now However, do you know that Read more...
The action bias in investing and how to come over it | My Money Sage

January 16, 2020 | by KishorKumar Balpalli | Financial Planning, Investment Planning, Personal Finance

For how long will you be able to keep quiet without doing anything, that is, if you are not meditating? 5 minutes? 15 minutes? Half an hour? I am sure you will be bored after that. Even if you are silently watching Facebook or Instagram, will you not react to posts? I am sure you Read more...