Explained: All about asset allocation and how it helps you reach your money goals

Explained: All about asset allocation and how it helps you reach your money goals

With markets now near all-time highs, one of the jargons that is on top of the pile is “Asset Allocation”. Every newsletter or interview, whether of your fund manager, your broker or your bank refers to this term and advises investors to heed market valuations and “stick to their asset allocation”.

 

While Asset Allocation is one of the most under-estimated tools for building long-term wealth, the words “asset allocation” themselves are quite a technical term and these words are not necessarily part of an average investor’s lexicon. This implies that many investors may not be aware of what this term means, or even worse, may have a wrong understanding of this term.

 

That said, Asset Allocation is one of the most under-estimated tools for building long-term wealth, and the below primer explains what Asset Allocation is, why and how you should use it and how you can benefit from it.

 

https://www.moneycontrol.com/news/business/personal-finance/explained-all-about-asset-allocation-and-how-it-helps-you-reach-money-goals-7750791.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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This Diwali, light up your personal finances by following these steps

This Diwali, light up your personal finances by following these steps

For most of us Diwali is that time of the year which spells joy, laughter, togetherness and gratitude. With the festival being just round the corner, last minute preparations must be on at a frenzied pace to ensure that nothing is left to chance and another Diwali goes by joyously, adding to beautiful memories.

 

 

Every festival comes with its own set of rituals. We worship goddess Lakshmi during Diwali.  Lakshmi is the goddess of wealth and ushers in prosperity and wealth. It is very interesting   to see how some of these rituals lend itself to financial well-being and wealth building. So, this Diwali, take a leaf out of your festival routine and spruce up your personal finances!

 

 

Our latest article, published on Moneycontrol.

 

 

https://www.moneycontrol.com/news/business/personal-finance/this-diwali-light-up-your-personal-finances-by-following-these-steps-7660631.html

 

 

Image credit: Bombay Sweet Shop, 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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Hiring a Financial Advisor? Your investing style must be the deciding factor

Hiring a Financial Advisor? Your investing style must be the deciding factor

What type of investor are you and how actually do you manage your personal finances? Am guessing that this is not something that many of us are familiar with or will find easy to answer. Unfortunately, while it should be, personal finance is not as “personal” a topic to most people as personal health is.

 

 


Hence over the last many years, while we have seen many customers with regards to how they manage their personal finances, they themselves are not as clear as we can see it, and hence make the wrong decision about what kind of personal financial assistance they need.

 

 

That said, it is important to have the right fit between your type and the kind of professional help you take. This article helps you determine what kind of an investor you are and whether the current relationship you have with a financial advisor is of the right fit. Published in Moneycontrol.

 

 

https://www.moneycontrol.com/news/business/personal-finance/hiring-a-financial-advisor-your-investing-style-must-be-the-deciding-factor-7597681.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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Go beyond financial planning for a happy retirement

Go beyond financial planning for a happy retirement

All of us love vacations, and the very thought of a vacation is good enough to cheer us up. Why then is it so difficult to enjoy the longest vacation of your life – “Retirement”?

 

Many of us do wake up to the impending retirement and the financial needs for the same at least a decade before we retire if not earlier. What I am referring to here is therefore not money but the important aspect of how to keep oneself busy and add meaning to retired life.

 

It is all very well to eat, drink and make merry when you are on a short holiday, but can you think of doing that and nothing else for years? When we look at retirement from this context it is sobering indeed! Imagine, we need to spend one third of our lives in retirement and yet we don’t give it the mind space it deserves.

 

Our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/go-beyond-just-financial-planning-for-a-happy-retirement-7502351.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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What the recent Olympics can teach us about managing money matters

What the recent Olympics can teach us about managing money matters

In the past weeks, the 32nd Olympics, Tokyo2020, provided the world with sporting excellence and entertainment on display across a range of disciplines. For avid sports fans, these two weeks were exciting days, merrily switching live-streams across events as diverse as hockey, gymnastics, track & field, badminton and golf.


While there were winners, we discovered there were many more heroes, some whose names we heard for the first time, but will remember for long. The Olympics provided some memorable moments but also lots of food for thought. Here are a few observations, particularly pertinent in these raging bull markets.



https://www.moneycontrol.com/news/business/personal-finance/what-the-recent-olympics-can-teach-us-about-managing-money-matters-7364211.html



Image credit: OutlookIndia, AP Photo



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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What sports coaches and investment advisors have in common

What sports coaches and investment advisors have in common

In the last few weeks, sports fans have been treated to some exciting and memorable sports events – the French Open, the WTC final and now the Euro. These three sports are completely contrasting in the way they are played, in the intensity of the games, the importance of the team vs the individual as well as the interplay between the players and the coach.



Our latest article, published in Moneycontrol talks about what can we learn from these sports specifically on the last point above, that we can apply to how we manage our money.

 


https://www.moneycontrol.com/news/business/personal-finance/what-sports-coaches-and-investment-advisors-have-in-common-7116661.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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Don’t just stop at taking a home loan, make sure it’s insured too

Don’t just stop at taking a home loan, make sure it’s insured too

Dealing with the aftermath of Covid wave 2 has been unsettling and depressing.  The family which has lost a loved one suddenly needs to deal with a lot of chaos and confusion, not even allowing them to grieve in peace.  This is primarily since in most households, one spouse takes the lead in handling finances and related matters.  The other spouse naturally gets complacent that these matters are being taken care of and hence doesn’t even attempt to get a broad picture of the state of assets, liabilities etc.




While this experience has given a lot of action points and mistakes people should avoid, we will concentrate on liability, especially the home loan for the sake of clarity.

 

Our latest article, published on Moneycontrol

 

https://www.moneycontrol.com/news/business/personal-finance/insure-home-loans-and-keep-your-spouse-informed-on-investments-during-covid-19-times-7012761.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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How to be better prepared financially for the “wars” in your life

How to be better prepared financially for the “wars” in your life

While we make extensive plans for most eventualities, something suddenly happens that takes us by surprise and throws all our plans haywire. Take the last 12 months itself as an example.

In a way, we live our lives largely assuming things are going to be peaceful and are usually well prepared for peace-time events. We do make our plans and are prepared for some surprises, but it is when “war-time” strikes our lives that we suddenly find ourselves head under water and gasping for breath.


Such times are also the best time for us to learn about our resilience, our capabilities, our strengths & weaknesses and give us the best clues about what to change about ourselves, hopefully before the next “war” hits.


So, what are some of the “war” situations that has struck your life and how prepared were you? And how can one be better financially prepared for when “wars” strike?


Read our latest article, published on Moneycontrol.



https://www.moneycontrol.com/news/business/personal-finance/use-the-covid-crisis-to-stress-test-for-your-personal-finance-plans-6821181.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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How do you make a habit of giving back to society at all salary levels

How do you make a habit of giving back to society at all salary levels

The past year has been uniformly difficult for most of us.  However, for some people lower down the pecking order, things have been unimaginably bad. Most of us do help someone out financially, but usually this is a one-off case done without much thought.

 

My conversations on the topic of giving with most people always leads back to the same position, we are not there yet. When do you start giving? When do you acknowledge that you have enough for your needs?  After all our wants keep expanding and the list is endless.  If we wait to take care of all our wants, we are essentially guaranteeing we will never be able to give in our lifetime.

 

 

Our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/how-do-you-make-a-habit-of-giving-back-to-society-at-all-salary-levels-6758081.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 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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