financial planning

Is your family equipped to handle an emergency when you are incapacitated?

Prathiba Girish Financial Planning, Insurance, Moneycontrol.com, Personal Finance , , , 0 Comment
Is your family equipped to handle an emergency when you are incapacitated?

As personal finance professionals, when we look at customers, we are accustomed to looking out for risks which can play out and finding ways to mitigate them. We hope that a family which had given adequate thought to many of the risks, would be able to manage well, in any unforeseen emergency. We have now realized one important factor which we have not been emphasizing on, through a recent unfortunate experience.

 

While we all plan for our dependents post our demise, rarely do we think of us being in a situation where we are temporarily incapacitated and are dependent on our family to take charge. A recent experience made us think, and these are some of the conclusions we have come to.

 

Our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/is-your-family-equipped-to-handle-an-emergency-when-you-are-incapacitated-11077081.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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Markets at all-time highs: How retail investors can ride the boom

Girish Ganaraj Equity Investing, Financial Planning, Moneycontrol.com, Personal Finance , , , 0 Comment
Markets at all-time highs: How retail investors can ride the boom

The 15 months between Jan 2022 to end Mar 2023 saw the market taking a protracted time correction, and the patience of investors who entered the markets during this period was severely tested. That said, the investor who showed the maturity and patience to stay on course, has been justly rewarded in the last 3 months from April 2023 to June 2023, through the sharp up-move.


But, as usually happens in typical boom markets, there are still investors hopping onto this bus. For these investors who are entering the markets now, the following 3 pointers would be pertinent to remember, as you experience the various shades of the market over the next few quarters.

 

Our latest article, published on Moneycontrol



https://www.moneycontrol.com/news/business/personal-finance/markets-at-all-time-highs-how-retail-investors-can-ride-the-boom-10982661.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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Play poker? Your investment style might look like the player in you

Girish Ganaraj Equity Investing, Financial Planning, Moneycontrol.com, Personal Finance , , , , , 0 Comment
<strong>Play poker? Your investment style might look like the player in you</strong>

This Diwali, we were back to the “Old Normal”. But this article is not about this Diwali or how it was, but more about a fascinating aside that unfolds every Diwali – the late night card parties. A popular (and simpler) Indian version of Poker is played in these parties, called Flush or Flash in English but ubiquitously known as “Teen Patti” among most Indians.

 

A ring-side view of a Teen Patti game in progress provides fascinating insights on human behavior under risky conditions. While there are many nuances to the game, at a simplified level, most Teen Patti players that you will come across can be categorized into broadly three types. Interestingly, these types are also found in investors in the market.

 

Read about these types and how you can identify what type you are, in our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/play-poker-your-investment-style-might-look-like-the-player-in-you-9669701.html

 

 

Image credit: Moneycontrol; Aiden Howe, Unsplash

 

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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Seven common mistakes people make when planning for health insurance

Girish Ganaraj Financial Planning, Insurance, Moneycontrol.com, Personal Finance , 0 Comment
Seven common mistakes people make when planning for health insurance

Last week, we wrote about how most people start their financial journey by thinking about where and how to invest. The right place to start any personal financial journey is not Investing but Protection and by ensuring that existing assets and future incomes are protected against any untoward event.

 

While the previous article spoke about the importance of Life Insurance and the mistakes that people make while taking it, there is another important aspect of Protection that also needs to be adequately addressed right up front. And that is Health Insurance. Understandably, there are mistakes that people make on this front too, and in this article, we share 7 common ones that can derail your plans.

 

https://www.moneycontrol.com/news/business/personal-finance/seven-common-mistakes-people-make-when-planning-for-health-insurance-8784501.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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7 common mistakes that people make when it comes to Life Insurance

Girish Ganaraj Financial Planning, Insurance, Moneycontrol.com, Personal Finance , , , , 0 Comment
7 common mistakes that people make when it comes to Life Insurance

Most people start their personal financial journey by thinking about where to invest. But at the foundation of a secure financial future lies protection – protecting one’s ability to earn an income in the future. Hence whenever we meet new customers, one of the first things we try to do is understand how well their future incomes and existing wealth is protected.

 

Insurance of various kinds is the ideal way to take necessary and adequate protection and within that, Life Insurance is one of the most critical, yet underutilized weapons in an investor’s financial armoury. Over the last many years, through our interactions, we have seen many significant mistakes that people end up making in their life insurance decisions. Here we share seven common ones.

 

Our recent article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/7-common-mistakes-that-people-make-when-it-comes-to-life-insurance-8702431.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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The big mistakes that direct equity investors commit, and how to avoid them

Prathiba Girish Equity Investing, Financial Planning, Moneycontrol.com, Personal Finance , , , 0 Comment
The big mistakes that direct equity investors commit, and how to avoid them

We conducted an employee investor awareness program for a corporate recently.  It was very well received with attendance much in excess of what was expected.

 

As part of this program, many of the attendees opted for a one-on-one consult on their personal finances. This exercise made us sit up and take larger notice of something which we have been seeing on and off over the years – the fact that many people make simple yet fundamental mistakes which can seriously hamper their wealth creation journey.  We list out five of these mistakes below.

 

 

https://www.moneycontrol.com/news/business/personal-finance/the-big-mistakes-that-direct-equity-investors-commit-and-how-to-avoid-them-8528531.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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Buying a house as an Investment? Here are the risks you must take into account

Girish Ganaraj Financial Freedom, Financial Planning, Moneycontrol.com, Personal Finance, Real Estate Investing , , 0 Comment
Buying a house as an Investment? Here are the risks you must take into account

In our journey as financial planners, one of the biggest constants that we see in most customer portfolios is this – they are either already real estate heavy, or customer high-priority goals include buying additional homes – as an investment.

 

This must come as no surprise, since an overwhelming 84% of all household investment assets in India (RBI Household Finance Committee Report, 2017) are in this favorite asset class – no prizes for guessing – Real Estate.

 

That being the case, it may be prudent to consider these five investment risks associated with this asset class, since each one of these risks have the potential of causing significant damage to your financial independence journey.

 

Our latest article, published on Moneycontrol.

 

https://www.moneycontrol.com/news/business/personal-finance/buying-a-house-as-an-investment-take-into-account-the-following-risks-8336821.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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Explained: All about asset allocation and how it helps you reach your money goals

Girish Ganaraj Equity Investing, Financial Freedom, Financial Planning, Moneycontrol.com, Personal Finance , , 0 Comment
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

Prathiba Girish Financial Freedom, Financial Planning, Moneycontrol.com, Personal Finance , 0 Comment
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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Avoid these three mistakes when it comes to Retirement Planning

Prathiba Girish Financial Planning, Money9, Personal Finance, Retirement , , , 0 Comment
Avoid these three mistakes when it comes to Retirement Planning

We are all aware that retirement is inevitable. It is a very important phase of your life which requires careful planning and thought since it is one goal for which you are not going to get a loan. However, one always feels there is plenty of time for retirement and hence planning for it takes a back seat.

 

Retired life can be a joyful phase in your lives, filled with abundance and time to fulfill some long-suppressed desires, provided you plan much in advance. The list of mistakes one makes when one plans for retirement is quite long, let us look at three of them today.

 

Our latest article, published on Money9.

 

https://www.money9.com/news/investment-planning/retirement-planning-avoid-these-mistakes-91692.html



Image credit: Money9



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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