I had heard “financial independence” being used by people in different contexts many times, but I never realized what it really means till I read the book, “Rich Dad, Poor Dad” by Robert Kiyosaki. A co-worker in New York, who was also my batch...Read More

The Indian stock market made its all-time high a few days back, with the Nifty scaling the 10,000 points mark. The market has been rallying from the beginning of this year and breaching the 10,000 level on the Nifty was seen as an important...Read More

The old idiom, “don’t put all your eggs in one basket” is the essence of diversification. While most of us understand the wisdom of this idiom, many of us do not realize its importance in financial planning. Many of our readers know that...Read More

Thirty four years back, on a nice winter afternoon in Chennai, Sunil Gavaskar broke Don Bradman’s record of 29 test centuries. My school was closed for the winter break and I remember huddling in front of the radio (we did not have TV in our...Read More

Knowing the tax consequences of investments, income and profits are an important part of financial planning for three important reasons. Firstly, investors should declare all taxable income correctly in their income tax returns...Read More

People who have invested in mutual funds for a long period of time know that they are the best investment options to achieve financial goals. Despite rising popularity of mutual funds in India, there are many investors, who are not aware of...Read More

Many famous fund managers in India and around the world consider themselves disciples of Warren Buffett. Some of our readers in Advisorkhoj may be Buffett fans; you should know that, Warren Buffett himself is a fan of Exchange Traded...Read More

Let us start this post with a question. Why do we need money? Money has two basic uses. We need money to fulfil our current needs like buying food, paying bills, rent / mortgage etc. We also need money for our future needs. Whether your...Read More

With less than three months remaining before the close of this financial year, maximum tax saving is likely to be one of the most important financial considerations for many. From FY 2015 onwards investors can save up to...Read More

In our post, How to get the best out of mutual funds by avoiding common mistakes: Part 1, we had discussed some common mutual fund investing mistakes like trying to time the market, investing in a large number of mutual fund schemes to...Read More