Diary: Beginner

Showing posts with label Beginner. Show all posts

Monday, March 13, 2017

Football & Mutual Fund

http://epaperbeta.timesofindia.com/NasData/PUBLICATIONS/THEECONOMICTIMES/MUMBAI/2014/06/30/Article/116/30_06_2014_116_005.jpg

Wednesday, September 21, 2016

Financial Advice for 23 year old

http://www.subramoney.com/2016/09/basic-financial-advice/

Tuesday, August 27, 2013

Early Investing - Ram and Shyam Story - Sita and Gita story - time is Money

http://www.bemoneyaware.com/blog/journey-to-wealth-start-early/

Let’s take the case of two brothers Ram and Shyam, 25 years old.

Ram sets aside Rs 1,000 a month and puts it in an investment that earns 10% per annum.
After 5 years, Shyam begins investing Rs 2,000 a month in same investment .

At the end of 10 years, value of their investment is as follows :

	Ram’s		Shyam
Year	Amount Invested	Value of Investment	Amount Invested	Value of Investment
1	12,000	13,200	0	0
2	12,000	27,720	0	0
3	12,000	43,692	0	0
4	12,000	61,261.20	0	0
5	12,000	80,587.32	0	0
6	12,000	101,846.05	24,000	26400
7	12,000	125,230.66	24,000	55440
8	12,000	150,953.72	24,000	87384
9	12,000	179,249.10	24,000	122522
10	12,000	210,374.00	24,000	161174.64

By year 10, both Ram and Shaym have invested the same amount, but the value of Ram’s investment is more than that of Shyam’s.

Let’s take another example of Sita and Gita.

Sita invests Rs 1,000 a month in an investment that earns 10% per annum. She stops after 4 years.
At that point, Gita begins investing Rs 1,000 a month on the same investment and continues to do it for the next 6 years.

At the end of 10 years, value of their investment is as follows :

	Sita		Gita
Year	Amount Invested	Value of Investment	Amount Invested	Value of Investment
1	12,000	13,200	0	0
2	12,000	27,720	0	0
3	12,000	43,692	0	0
4	12,000	61,261.20	0	0
5	0	67,387.32	12,000	13,200
6	0	74,126.05	12,000	27,720
7	0	81,538.66	12,000	43,692
8	0	89,692.52	12,000	61,261.20
9	0	98,661.78	12,000	80,587.32
10	0	1,08,527.95	12,000	101,846.05

Despite the fact that Gita invested more money (6 * 12,000 = 72,000) that Sita (12,000 * 4=48,000), Sita still has a larger investment value than her. And think how much more Sita would have if she didn’t stop investing.

Tuesday, August 06, 2013

Rantings of a Mutual Fund Investor

http://www.bemoneyaware.com/blog/rantings-of-a-mutual-fund-investor/

Monday, July 15, 2013

Selecting Mutual funds

http://www.bemoneyaware.com/blog/how-to-choose-mutual-fund/

http://www.bemoneyaware.com/blog/how-to-choose-mutual-fund-ratings-fund-house-size/

Thursday, April 04, 2013

What is Financial Planning

Financial Planning

Some people claim that money isn’t important to them, yet most of us spend at least 40 to 50 hours a week working for money. The simple truth is, that in this world right now, money is important. However, finance is a subject a lot of people don’t want to think about. Reasons are many, few of them are scary, too complex for few, or just boring to most. But the truth is that it is something that everyone should get control of, as soon as possible. Sooner the better control over your finance.

What is Financial Planning-For few people financial planning means “Insurance purchasing”, “Tax Planning”, or “Investing”. But actual definition of Financial Planning is “It is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a house, saving for your child’s higher education or planning for retirement”.

Misconceptions about Financial Planning-

1) Not have enough money for investing hence not required Financial Planning.
2) I am too young to think about Financial Planning.
3) Insurance Planning or Tax Planning is Financial Planning.
4) Financial Planning only for rich people.
5) Financial Planning means investing in any products.

http://basunivesh.com/contact-us/