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I thought of writing something differently this time. I asked this question, what is one common dream, most of us look forward to. I didn’t have to scratch my head, “how to become rich” is everyone’s dream, but very few live to live this dream.
It’s not about the dreaming, but it’s all about the efforts put to live this dream.
My best analogy is old DD comedy show of “Mungerilal ke haseen sapne”, where Raghubir Yadav used to dream big and while dreaming, will elaborately get into details & hard work, but only in his dream, and towards the end when he wakes-up, he is back with nothing in hand 😉
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Manoj Chahar
September 16, 2016
Financial Planningdreams, How to become Rich?, how to go about savings, Mutual Funds, my dream- How to become Rich?, savings
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On one hand, we have Investment product sellers; like banks, brokers & individual consultants, who sell investment products, claiming to offer the best solution with detailed research reports.
On the other hand, we have manufacturers, like mutual funds & insurance companies, offering mouth-watering deals with smart TV & print commercials.
Who do we believe & trust?
As once a product is sold, one gets to know or understand the actual value of the product only after few years or later, that too when one meets a new advisor or spends some time on knowing the product 😉
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Manoj Chahar
September 2, 2016
Investmentscluttered investments, cluttered marketplace, help for cluttered investments, investments, marketplace
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A recent survey conducted by an international agency on India’s financial literacy:
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67% of the Indian prone to think insurance as investment
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ONLY 7% people have taken term insurance, out of all who pays insurance premium
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ONLY 5% of people have health insurance
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92% people after their retirement depend on the children and 8% who plan for retirement, 61% of them resort to insurance as retirement plan
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Manoj Chahar
July 29, 2016
InsuranceHDFC life- Click2 protect plus, health insurance, Insurance, lic, lic jeevan anand, medi claim, term cover
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In my last article, I wrote on two key challenges, we as Robo-advisors face; i.e. “Customer mind-set” towards investments, where it comes as last priority and “Meaning of investments”, where quality is not understood.
To sum it up… how do you motivate customers?
Unlike e-commerce portals, based on current theme, it’s the deep discount that attracts. We have cases (many); where customer go to malls or retail outlet on look & feel, and finally will swap on their smart phone to check on availability & discount, and punch the order… which is obvious, where?
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Manoj Chahar
July 16, 2016
Financial Planning, Investmentsinvest 500, investments, small investments, small investments big returns
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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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Manoj Chahar
July 8, 2016
Robo Advisorsgoal base robo advisors, robo advisors, robo advisors- Future of investments
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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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Manoj Chahar
June 25, 2016
InvestmentsBrexit, european union, stock markets
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Our personalities inform how we approach every part of our lives. From the workplace to friendships and even at home, your distinct style is uniquely yours when you interact with the world around you. This goes for budgets, too. Personalities often impact how you spend, save and manage your money, sometimes positively and sometimes impeding your progress.
Do you know your budget personality? Check out these four common types and corresponding tips to jump-start your road to better financial health. You just may recognize yourself!
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Harshada Kadam
June 18, 2016
Budgetbudget management, budget planning, whats your budget personalities
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I am confused?
There is a big hoo-ha in the market & media now a days related to “direct plans”.
What is a direct plan? How does one benefit from a direct plan? And compared to regular plan, which is better?
Let’s first understand Mutual Fund charges.
Mutual fund (MF) investments come with an inbuilt fee structure or charges, which is certain percentage of the amount invested. This charge, which is usually between 1.75% to 2.5% for equity schemes annually, is debited on the total investment made or the AUM (Asset under management) every year. In simple terms, if one wants to invest 1lac in some equity MF scheme, where annual charges is 2.5%, Rs.2500/- will be debited by the AMC (Asset management company) towards
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Manoj Chahar
May 27, 2016
Mutual Fundscomparison of direct plan or regular plan, direct plan, Mutual Funds, regular plan
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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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Harshada Kadam
May 20, 2016
Financial Planningbudget, budget planning, budgeting, careers, college, debt, debt management, economy, education, Employment, financial management, financial planning, first budget, food, frugality, handling personal finance, making first budget, Money Management, personal finance, saving, savings, shopping, Student Loans, tips
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“Re-balancing of Portfolio” is the term, which is widely used in the mutual funds industry, by the so called media-prophets & with most of the advisors with banks/ brokers/ CFP.
What does re-balancing means? And how does it applies to one’s portfolio?
As per Investopedia: Re-balancing is the process of buying and selling portions of your portfolio in order to set the weight of each asset class back to its original state. In addition, if an investor’s investment strategy or tolerance for risk has changed, he or she can use re-balancing to readjust the weightings of each security or asset class in the portfolio to fulfill a newly devised asset allocation.
In an ideal scenario on portfolio recommendation, which is based on tenure of goals & the risk tolerance score,
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Manoj Chahar
April 14, 2016
Mutual Fundsinvesting to achieve life goals, portfolio rebalancing
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