Monday, May 23, 2022

How should a investor choose from TOP RANKED mutual funds? A Query

One of my Clients team mate sent this to my client to ask me on how a common man should read this and take decision.

'Kindly ask your financial planner, how should I decide to buy best mutual funds, as I have bought after looking at 19th May,22 top list some funds and today when I checked the top funds have changed'.

It takes so much time to explain this and the basis behind this rankings or 'Top List', and so I sent short message, saying as follows-

'let your dear friend know that this is good for reference and as re-check, but your life milestones & situation alongwith risk profile is different from the other, hence it is important filter and find suitable funds which passes this criteria,which is specific to you, like DNA of humans, which are unique. This is also part of disclaimer with this popular site.'

Could I have explained better ?
as short and quick, as that was need of my client to respond very fast?

Kirtan A Shah
Ashish Singodia
Priya Krishnamoorthy
Harminder Garg, CFP

#financialplanning #investingforbeginners
#financialplanner
#financialfreedom
#mutualfund



Wednesday, May 11, 2022

70% down from TOP - never a reason to buy

70% down from it's high, is never the reason to buy a stock.

You will now see ' XYZ % down from it's high' a lot and I would say do not buy, just because it is down from it's top.

There may not be any reason for it to reach to the 'TOP' it went and there would be a reason for it to fall down by so much %.

Such stocks may fall into high beta & momentum stocks, where market news is driving it up or down, more then it should be.

Ensure, stories may help sell for short term, actual basis , value, and suitability should be the ONLY REASON to buy or even sell.

Do share your experience on this.
Agree / Disagree - #comment

#keepitsimple #financialfreedom #mutualfund #financialplanning  


Monday, May 09, 2022

Sharing some personal secret

Sharing my secret. My wife always asks me to bring fruits, and she is not comfortable bringing home fruits herself.

She even says, 'you choose good fruits and most of the times they are best'.

So here's the secret.

I have been buying fruits from one vendor only, since more then 25 yrs now, and rather a generation has changed in the fruit vendor.

The fruit vendor knows exactly what I am looking for and infact he even knows, I will never even ask price and rather look for best what I ask for.

In turn, my wife, always asks price first, keeps on hopping vendors and in the price discovery and hopping vendors, the vendors also know that my wife will only buy from them, if it is low price.

In case of fruits buying, since my wife has less experience, made some mistakes in the past and not confident, there is no consistency and where as I always look for value buy, and price is most likely secondary for me.

My vendor knows this and respects this, and inturn also at times tells, 'aaj aapko deney layak nahi hai', even when the stall is full of what I ask.

Give time to your servcie provider to identify your needs and seek value rather then price first approach.

Secondly, it turns out to be more harmful in only comparing price, or buying cheap, rather take time to evaluate your service or product provider, and once you get confidence remain loyal for value for money.

In investing, more money is lost in hopping and changing advisor, in the race to f finding 'best advisor', then choosing a average advisor and staying long with the same.

Give time in choosing your service provider, look for value first and ince you identify the value, compare with peers for price vs value alongwith other aspects and choose one PLUS once you have choosen give time.

Read again.

Agree ? contracdictory views welcome.

Kirtan A Shah
Ashish Singodia
CA. Anand Lunkar
Megha Mathur
Deepika Saraf
Divyashikha Gupta
Bina Chheda
Ruparanjan Mohapatra
CA Yogesh Awasthi 🇮🇳
Madhur Gundecha
CA Chintan Dedhia
Hardik Vora
Dr. Hardik Parikh, MBBS, MS [Ophthal], FAICO [LASIK]

#keepitsimple #financialplanning #financialplanner #financialfreedom #mutualfund

Sunday, May 08, 2022

Ways to cover medical expenses - How have you covered yourself and family?

There are multiple ways to cover for medical expenses. How have you covered yourself and family?

Share your thoughts.
I am sure there would also be some #comment saying I do not believe in #mediclaim insurance policy

AND

Someone also saying not yet covered or looking for cover.

#riskmanagement #financialplanning #financialfreedom

Tejas Shah
Priy-Anka Acharya
Kirtan A Shah
Tajinder Singh Nagpal ,CFP
Bajaj Allianz General Insurance
Pazcare



 

Saturday, May 07, 2022

World Password day - reminder for keeping personal digital data safe

Happy World Password day. Every first thursday in May, is world password day and is a good reminder on digital assets and information safety.

In this digital and online virtual world, your password is key to insides of your own world, one which is 'you', personal and private.

_Keep password long (8 or more characters)
_Keep password not common (name,birthday etc)
_Keep password multi character (alphanumeric with special character and 1 caps letter)
_Keep it multi linguistic,if available
_if it is important and confidential, DO NOT save password
_Use different passwords for different accounts, do not repeat the same passwords
_Change your passwords regularly
_2 factor authentification is amazing introduction and always use it

I am not a digital expert, but data concious and believer and promoter of data privacy, and above are some of my learnings.

Kindly share your experiences and tips on the same.

#digital #dataprivacy #financialfreedom #financialplanning #fintech


Thursday, May 05, 2022

How to create all weather portfolio?

There are 2 pics posted.

Pic 1 shows a strong tree standing tall,branches spreading accross.

Pic 2 shows the real strength of strong looking tree.

Without strong roots, deep rooted under the ground, however tall and strong the tree may have grown, it's sustanability is always under threat.

Similarly, any large portfolio, however good returns it may be showing, it remains sustainable only when -

_approach towards money is well thought off and personalised
_there is a process followed
_a customised strategy is laid down

Only then your portfolio gives you peace and strength as investor to weather any market shocks and storms.

Keep it simple.
Seasons will come and go, tree needs to keep growing and give fruits.

#financialplanning #financialfreedom #mutualfunds #financialplanner #investingforbeginners



How to create all weather portfolio?

There are 2 pics posted.

Pic 1 shows a strong tree standing tall,branches spreading accross.

Pic 2 shows the real strength of strong looking tree.

Without strong roots, deep rooted under the ground, however tall and strong the tree may have grown, it's sustanability is always under threat.

Similarly, any large portfolio, however good returns it may be showing, it remains sustainable only when -

_approach towards money is well thought off and personalised
_there is a process followed
_a customised strategy is laid down

Only then your portfolio gives you peace and strength as investor to weather any market shocks and storms.

Keep it simple.
Seasons will come and go, tree needs to keep growing and give fruits.

#financialplanning #financialfreedom #mutualfunds #financialplanner #investingforbeginners



Wednesday, May 04, 2022

RBI shocks Markets - announces repo rate hike by 40 bps and CRR by 50 bps

And the expectation has come true... market shocked about untimed surprise, but this was coming and expected.

This is going to and genuinly needs re-look at your investments.

Would lead to 

_equity down
_bonds rate down (debt funds NAV down)
_should also impact real estate in medium to longterm.
_gold could be some saviour
_FDs and bonds could be back as investment products (for large part of DIY and unadvised clients especially)

What are your thoughts?
Agree ?

#comment #rbipolicy #financialplanning #financialplanner #financialfreedom #inflation


Know Less spoken Real LIC, before LIC IPO

Don't miss this-This is real LIC- Lot of advisors and investors are missing this about #licipo, while evaluating the company.

Majority of us know LIC as a insurance comapny, do keep in mind, LIC is a Financial company which includes following subsidiaries and Insurance business -

_LIC housing finance @lichousingfinance
_LIC Mutual Fund @licmutualfunds
_LIC Cards services @liccards
_LIC International LLP (foreign entity)
_IDBI bank (majorly LIC-51% stake), remember LIC bailed IDBI out, in very difficult times with government pressure
_LIC of India (insurance company which most of recorgnize LIC company as)
_LIC Pension funds

Lot of investors and advisors miss the wholesome perspective, and If anyone here is, this information would add value before deciding for IPO and beyond.

IDBI bank stake reduction is waiting since long.

ALSO, LIC is a multi asset index investment for me.

LIC has investments in 3 varied asset classes-
A- Equity
B- Debt
C- Real estate

A lot of value unlocking is also in the waiting from real estate assets.

#keepitsimple #financialplanning #financialplanner #financialfreedom

My Perspective. - part 2

Does this help?