Congratulations to our sportspersons P V Sindhu and Sakshi Malik on their medals and bringing laurels to the country. But more than that, my respect and appreciation to the 118 athletes and countless others who persist despite meagre means and support from the system.A headline from a mainstream newspaper (The Times of India, August 24) that caught my eye - "India stingy during training, splurges after medals won". See attached for a picture from that article. Quoting from the article - "..... It...
When the markets are going up and up, everyone goes on the bandwagon irrespective of adequate understanding of financial goals, risk appetite and investment objectives. However, when the markets turn around and head downward, the investors are in for a rude awakening. Even the most daring of the investors realize that their risk appetite is lower (and much lower in many cases) than what they perceived it to be.The process of investments-making should not be started without determining the risk appetite...
"Bucketizing" is not a word that can be found in English dictionaries so let me explain the term. I have coined the term "Bucketizing" for the process of allocating dedicated investments to a particular financial goal. For example, an individual may buy a Child Plan that provides both insurance as well as funds for the child's education when she turns 17 years old. Similarly, there may be dedicated investments for one's retirement plan. Hence, an individual plans by creating "Investment Buckets"...