Don’t be surprised if your bank raises the rate of interest on your home loan even though you’ve borrowed at a fixed interest rate. Many devils could be hiding in the details of loan agreements empowering banks to raise interest rate even for customers who have raised funds at a fixed regime, an event Indian households have not seen so far.
Personal Finance
This is a collection of how-to guides, thoughtful tips on Personal Finance to help you effectively manage your finances. Learn to plan and invest money wisely and secure your financial future.
Beware while filling up forms
Whether you are opening an account in a bank or seeking a car loan, buying insurance or a credit card, one of the first things that you are asked to do is to fill up a form.
Often, we skip the fine print, ignore all the conditions listed in a form and fill it up without applying our minds properly. This attitude of disdain for the printed word and the application process also prompts us to leave the job of filling up the form to others and just sign on the dotted line.
Planning the year round – Start early
Financial planning is not a one-off activity. It involves a lot of elements that come into play throughout the year. Most people fail to understand that the impact of a delay or keeping all the financial planning till the end of the year can cause either a direct financial hit or a loss of precious opportunities.
Stock Market Wisdom from Chicken Little
One day, while Chicken Little was walking in the woods, an acorn fell and hit him on his head. “Goodness gracious me!” said Chicken Little, “The sky is falling, the sky is falling. I must go warn everyone.”
We see this all the time. The stock market goes straight up for eight or nine months, and if there are 2 or 3 down days in a row, there is hand-wringing and the moaning all over the place.
Stock Market Wisdom – The Humpty Dumpty Way
Humpty Dumpty sat on a wall;
Humpty Dumpty had a great fall.
All the King’s horses
And all the King’s men
Couldn’t put Humpty together again!
You know this tragic story. During the 45+ years that I have been a financial advisor, I have seen this over and over and over again – writes Gary Wollin […]
Stock Market Wisdom from The Tortoise and the Hare
Once upon a time, there was a young hare, a hotshot rabbit investor who would always brag to anyone that would listen and that he was the smartest, fastest, best performing investor in the world. He would constantly tease the old tortoise about his slow, solid investment style.