Money lessons to be learnt from the women in our lives

Money lessons to be learnt from the women in our lives

Our behaviors towards money and the money decisions that we make at various junctures in our life are influenced by our experiences at a formative level, right from childhood.


Am sure that this comes as no surprise, after all, money experiences are also a part of the various influences that form us through our life. Where I see a bit of a twist is that while my family was a fairly orthodox one, the women in the family were curiously still quite involved, and to some extent, even dominant, in some of the money decisions that were taken.

 


Our latest article published on Moneycontrol.

https://www.moneycontrol.com/news/business/personal-finance/money-lessons-to-be-learnt-from-the-women-in-our-lives-6693371.html

 

Image credit: Moneycontrol

 

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

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Why portfolio risk and asset allocation matter more than investment returns

Why portfolio risk and asset allocation matter more than investment returns

A friend was talking to me recently about an interaction he was having with some others, where there was a furious debate on about where to invest, as well as which asset classes including geographies would deliver better returns going forward. As you would agree, this particular topic of debate is not uncommon at all and today’s information-empowered world has led to both more aware investors as well as more confused investors.

 

Investors usually seem overtly focused on “returns” and are always keen to know where to put their money next. This is especially so during a bull market, and when the recent past has given very good returns. But, excessive focus on returns is usually a function of “not enough focus” on a few other important yet ignored aspects. Focusing adequately on these other aspects leads to enough and more clarity on which asset class an investor should choose and what “returns” the investor should expect going forward.

 

Our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/why-portfolio-risk-and-asset-allocation-matter-more-than-investment-returns-6623361.html

 

 

Image credit: Moneycontrol

 

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

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2020: The intertwining of money and life lessons

2020: The intertwining of money and life lessons

 

As we look forward to ringing in a new year, we are very hopeful for a better tomorrow.  Any thoughts about 2020 brings a lot of bitterness and negative emotions.  There are a lot of jokes doing the rounds which say one should not count this year to one’s age since it was mostly on a standstill.



While all of this is justifiably so, was it a complete washout?  As a popular quote goes, “never let a crisis go waste”.  I have quite a few positive takeaways for the year that has gone by, and I share a few of them with you.

 

 

 

 

 

Read our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/2020-the-intertwining-of-money-and-life-lessons-6267791.html

 

 

Image credit: h kama, Pixabay

 

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

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Are there parallels in how we assess risk in life situations and manage our money?

Are there parallels in how we assess risk in life situations and manage our money?

Are real life situations and financial decisions assessed for risks in a very similar way by investors? There are parallels but they are not always handled similarly. Here are some anecdotes with some pertinent personal finance lessons, that helps us understand the differences in the choices people make in real-life situations, vs managing their money.

 


Read our latest article, published on Moneycontrol.



https://www.moneycontrol.com/news/business/personal-finance/are-there-parallels-in-how-we-assess-risks-in-life-situations-and-manage-our-money-6178711.html



Image credit: Moneycontrol



Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

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Money lessons learnt from de-cluttering, this Diwali

Money lessons learnt from de-cluttering, this Diwali

The much-awaited festive season comes to an end and it has managed to rekindle hope and bring a lot of joy despite the restraints this year. Diwali has always been the most exciting time of the year for me and preparations for the festival start much in advance every year.

 

The customary “Diwali cleaning” is something I usually delegate to the willing and efficient staff and am usually pleased with the result of a superficially extra-clean house for a few weeks. This year, I decided to do a lot of the customary cleaning myself and I was surprised to take away some financial lessons from this exercise.

 

 

Read our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/money-lessons-learnt-from-diwali-decluttering-6130491.html

 

Image credit: Moneycontrol

 

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

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Why we rush to buy goods during a discount sale, but won’t lap-up stocks when markets crash

Why we rush to buy goods during a discount sale, but won’t lap-up stocks when markets crash

We are now deep into the festival season, and normally, it would be visible, through the familiar sights and sounds associated with it. This time around though, things are different.

 

But one thing hasn’t changed much and that is us waiting with bated breath for Sale Season. Offline or Online, there is something about Sales that get us going. We are inherently deal-seekers, and good deals get us all pumped up.

 

Unfortunately, the same cannot be said of our actions when it comes to our investments in the markets. The same shopper as investor feels more comfortable entering the financial markets when markets are at highs rather than at lows. And panics to sell assets at a loss when there is a market crash, rather than buying more.

 

Read on to know more in our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/why-we-rush-to-buy-goods-during-a-discount-sale-but-wont-lap-up-stocks-when-markets-crash-6063521.html

 

 

Image credit: Moneycontrol

 

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

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Why buying a second house can put your other life goals to risk

Why buying a second house can put your other life goals to risk

Have you ever wondered, when you are planning for your future, why certain assets evoke so much loyalty and attachment? Come to think of it, you may have invested in it dispassionately in pursuit of good returns but somewhere along the way it has acquired a persona of its own.

 

Real estate and gold are two such assets which have a huge emotional connect. Gold is understandable, as in our culture, if you are selling physical gold, people assume that you have hit really hard times and it is never easy to part with physical gold. Other forms of gold like Gold ETFs etc. luckily are easier to deal with.

 

But what about real estate? I cannot think of too many people putting their life savings into a financial asset and staying the course despite hiccups and abysmal returns. Why then is real estate treated differently?

 

Read our latest article, published on Moneycontrol

 

https://www.moneycontrol.com/news/business/personal-finance/why-buying-a-second-house-can-put-your-other-life-goals-to-risk-5992061.html

 

Image credit: Moneycontrol

 

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

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If IPL teams were equity mutual funds, which categories would they belong to?

If IPL teams were equity mutual funds, which categories would they belong to?

In the last couple of years, there has been a lot said and done with respect to categorization of mutual funds. The regulator has attempted to put some structure in place for fund houses and managers through the categorization guidelines, in order to help investors make informed choices.

 

That said, it can still be quite confusing for the lay investor to understand these categories. Thankfully, there is something else that is universally understood. Cricket! And within it, IPL!


Fans know every team’s strengths and weaknesses while having his or her favourite teams to root for. So, if equity mutual fund categories were IPL 2020 teams, who would they be?

 

Read our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/if-ipl-teams-were-equity-mutual-funds-which-categories-would-they-belong-to-5922831.html

 

Image credit: Moneycontrol

 

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families invest for their financial needs, follow their passions and achieve financial independence.

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Managing Investments: Prune the weeds and nurture the roses

Managing Investments: Prune the weeds and nurture the roses

Building a good diversified portfolio is a journey, not a one-time action. It is not a straight-line process either, and many a times, involves taking a step or two back as well, while the overall direction is forward.

 

As planners, this is something we do periodically, in order to exit assets, which we feel are not well-poised for the future and move to investments which are more aligned towards the goals and expectations. While one would think that conversations for making such changes in portfolios would be easy, many a times, they are not.

 

Here are a few pointers for you to ponder on, so that your portfolio review exercise ends up cutting your weeds and nurturing your flowers.

 

Read our latest article, published on Moneycontrol, to help you build a portfolio that resembles a bunch of roses and not a bush of thorns.

 

https://www.moneycontrol.com/news/business/personal-finance/managing-investments-prune-the-weeds-and-nurture-the-roses-5874031.html

 

Image credit: Moneycontrol

 

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families plan for their financial goals, follow their passions and achieve financial independence.

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With a sharp fall and a swift rise in indices, how should investors position their portfolios?

With a sharp fall and a swift rise in indices, how should investors position their portfolios?

The last few months have seen market volatility at never-seen-before levels. We saw the sharpest drop ever, with nearly a 30-35% drop in key indices less than a month. Yet, before one could even say “bear”, the fastest-ever recovery also followed in the next 3 months, with most indices recovering smartly from their March bottoms, to be close to their pre-COVID highs.

 

For customers, emotional reactions are completely understandable. On one hand, there is loss-aversion at work, and on the other, there is the fear of missing out, or FOMO.

 

So, coming back to the question, how does one handle such situations? Is there a way to navigate markets, especially when they go through such roller-coaster rides?

 

Read our latest article, published on Moneycontrol, to help you wade through this emotional jungle and take the right decisions.

https://www.moneycontrol.com/news/business/personal-finance/with-a-sharp-fall-and-swift-rise-in-the-indices-how-should-investors-position-their-portfolios-5787221.html

 

Image credit: Moneycontrol

 

Finwise is a personal finance solutions firm that helps both NRI and resident individuals and families plan for their financial goals, follow their passions and achieve financial independence.

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