Financial Planning

Robo Advisor

Roboadvisors

As per Wikipedia; “Robo-advisors are a class of financial adviser that provides financial advice or portfolio management online, with minimal human intervention”.

Most Robo-advisors employ algorithms, where automated investment solutions come out as output, based on customer’s data points; towards cash flow, future goals, risk tolerance, current investments etc.

Logic & working of these algorithms, which can be simple to complex, depends on the solutions offered to various category of customers, which also depends on firm’s/ founders experience & expertise.

Indian Context

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BREXIT & my Investments

Brexit affects on your Investment

Brexit, a referendum on UK, whether to stay in the European Union or not, is finally over with 52% voters demanding an EXIT (48% is in favour of European Union). Sensex which opened with a gap of 1000 points today, with some recovery closed with 600 points down. International markets went for a full hara-kiri with 5% to 10% dive.
Will it affect India?
With European Union (EU) losing one of its members, India too can feel the heat. Rupee may depreciate because of the double effect of foreign fund outflow and dollar rise, and may lead to increase in petrol and diesel prices to an extent. The government then may want to reduce additional excise duty imposed on fuel when it was on a downward trajectory. This will

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How to Create Your First Budget?

How to Create Your First Budget

There are many milestones of being an adult. Signing your own lease for the first time, being able to rent a car, having someone call you ma’am.

But being an adult also means being responsible for your own finances. Like many things, you can’t have a successful financial future if you don’t plan for it. The best way to do that? Create a budget.

Creating a budget can seem daunting, but it just requires a series of steps. See below for help on creating your first budget.

Track your expenses

Before you can start a budget full of limits, you need to know how much you’re spending right now. Take two or three months to spend normally and track your transactions in Moneyfrog.in.

Fixed expenses like rent, insurance and utilities will be easier to monitor than variable expenses, such as groceries, entertainment and travel, which will fluctuate month-to-month.

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Here’s What to Do If You Can’t Pay Your Bills On Time

You Can’t Pay Your Bills On Time

Not having enough money to pay the bills is an issue we may face from time to time. Life is full of financial ups-and-downs, and after all, we’re all human.

Don’t beat yourself about the situation or get discouraged. Vow to take action. If you don’t make changes, things will stay the same. If you’re in a tough financial spot, here’s what to do when you can’t pay your bills on time, and tips on how to best handle the situation.

1. Don’t Hide From the Facts
Do you know why you can’t pay your bills? Did you overspend, have to make up for an emergency, or was it just human error? Don’t hide from the facts, but instead embrace them head-on. Not dealing with this financial mess can lead to more late fees, higher interest rates, additional interest charges, and even damage your credit report.

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Investing 101

If there’s one thing that all wealthy people have in common it’s this: They invest.

That’s because investing money is the smartest and most reliable way to grow it over the long term, after you have first built up your emergency savings (which never gets invested).

Investing in a Nutshell

Investing is putting your money in a financial vehicle that might enable it to grow more quickly than it would in a savings account.

While most of us think of “earning” as putting in hours of work and getting paid for that, investing essentially puts our money into a marketplace where companies and governments and other entities can use it to create a profit that will be returned to us. (At least that’s the hope—some investments do go bust, taking our money with them.)

Most commonly, people invest by buying financial assets like stocks, bonds, mutual funds and ETFs (and if you don’t know exactly what these are, don’t worry, we’ll describe them later). When we sell them, we hopefully make a profit by selling at a price higher than what we bought them for.

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Online Financial Planners: How Do They Work?

How financial planners work

Even though consumers have been using online banking and mobile applications for years, the concept of online financial planners like Moneyfrog.in is still new. In comparison to a traditional face-to-face financial planning relationship, how do online financial planners work?

Online financial planners allow you to:

  • Develop plans for your finances that are comprehensive enough to include every aspect of your life from buying new home, child education, insurance, long-term investment management, spending trends, and retirement.
  • Analyse your debt, understand how debt management works, and develop a plan to pay down debt.
  • Access finances at any time. You don’t need to make appointments with a financial planner, or schedule an office visit plus travel time.
  • Analyse your financial situation and run scenarios to cover “what if” questions about your financial future. You can change your financial plan at no extra cost.
  • Keep your information private. Unlike a traditional financial planner, no one else needs to see your personal information, and you can rest assured your information is stored securely.
  • Run quick reports, and understand them easily.

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Ladies, Financial Planning is like another Beauty Product!

Financial-Planning-is-like-Beauty-Product

“I have opted for financial planning and wanted to invest in mutual funds” – when I told this to my mom; she was as concerned, as one feels towards a medical patient.

Now stop smiling there!

If it reminds you of a famous dialogue-“It happens only in India”, then you are wrong. It’s not just the case in India, it’s worldwide. People are afraid about investing in market either because of their bitter experiences or scarce knowledge.

My mom warned me to either take a money back insurance policy or open a bank FD account for all my needs. She said “it’s more than (more…)