Readandinvest

Covid 19 has upended the life as we know it & is leading us right now into uncharted territory. While the uncertainty & natural fear of unknown leads people to take irrational decisions, one does want a simple set of rules to follow to come out of this situation, unscathed.So without further ado, let's see the three simple rules of prudent financial planning.They are: 1. Save first spend later 2. Settle the debts first & never use debt as a source of money for lifestyle purchases 3. Invest in a systematic & goal oriented manner. The above rules will hold good under any circumstances & help us to achieve a financial safety net.

Advertisements have become such an integral part of our life. They are literally omnipresent, be it print or tv or radio or social networking sites.While the pros and cons of such ads may be an altogether different topic, one of the recent trends is the recurring theme of investing in mutual funds..'The mutual fund sahi hai' tagline is repeated like a mantra..So is that assumption correct?..Is mutual fund the best solution to all problems?..The answer is yes & no..While it is overly ambitious to expect fulfillment of all of life's financial problems' with mutual fund investment, they do provide an excellent platform to route investments & achieve one's financial goals.But just like any other financial investment instrument, jumping into the mutual fund bandwagon without understanding the basics of how it works, the risk factors involved may result in disappointment for an uninformed investor.So the key for every investor is to be clear about his/her financia...

Budget 2020 has created quite a ripple as far as income tax is concerned.Some are happy..many seem indifferent and most of the people seem upset that the new lower tax slabs comes with riders i.e) Most of the exemptions including standard deduction, Deductions allowed under 80C regimen were taken out..The result is supposed to be a simpler tax system..While the impact as well as advantages needs to be studied on case by case basis, nobody is denying the fact that the new tax slabs has given a knockout blow to the tax saving investment instruments such as ELSS.Experts are worried that the younger generation,will have no incentive to invest as it may not impact their tax payment. While it is true that the new tax structure offers no direct deduction benefits for investing in tax saving instruments like elss, ppf etc, the fundamental question is whether we should link our investment goals with tax savings & make tax saving a primary objective.The simple answer is 'NO'. A serio...