Living Without Any Insurance!

Yes. That is true. I don’t have any kind of insurance for my family, that includes my parents. That is a huge risk that no one in the right mind should take. I would never suggest anyone do it. I would not do it either if this panned out a little differently. Let me explain. Well, before I explain my situation, I want to inform you that I have written a couple of articles on insurance in the past. If you have missed them, do check out my posts on health insurance and life insurance. The short of it is … Continue reading “Living Without Any Insurance!”

Trimming Expenses

In my last post I mentioned that I was confident of my approach to early retirement. In addition I wrote about a couple who have been retired for 30 years by just following the 4% rule. One of the learning from that post is that there could be a huge drop in market that may hit my investments badly. In that case my investments may not keep up with my expenses. For example if there is a prolonged market slump. And I need a plan. The plan starts with cutting down my expenses temporarily so that my investments can catch … Continue reading “Trimming Expenses”

How and When I Decided To Retire

A friend and reader of my blog asked me this question — I don’t know if you covered this in the blog, but could you write about how you arrived at a number for net worth where you felt comfortable retiring. I have written about my retirement journey which is scattered across many posts. So I thought I should consolidate and revisit the topic for the benefit of new readers. The way I decided I was able to retire was when I knew that my corpus (investments) has reached 25 times my annual expenses + some buffer. That basically is … Continue reading “How and When I Decided To Retire”

News – A Helpful Guide To The Investor?

It is extremely funny to read stock market news. These days there is almost no useful news at all when it comes to investing. Makes me wonder why I still follow financial and business news. I will take up the case with a few articles that all arrived in my news feed on the same day plus some. Does specific data from the past help? Lets take this article titled “Investor wealth rises 9 times over past 10 years in Motilal Oswal Nasdaq ETF“. Alright some fund gave a return of 24% annualized for the past 10 years. How is … Continue reading “News – A Helpful Guide To The Investor?”

Why Save When You Cannot Enjoy?

Some one asked “I don’t have money before a job so cannot spend and have fun. After finding a job I have money, but I am saving for a future. So again I cannot spend. What is meaning of money? Spend it or save it or what to do?”. That got me thinking. I gave them the reply and thought I should expand a bit on my blog so it might help others. I understand the desire to spend after you get your first job. Obviously you don’t have to start saving the minute you have a job. May be … Continue reading “Why Save When You Cannot Enjoy?”

Franklin Debt Funds Payment Is Here

Finally after almost one year since the Franklin debacle, there is some good news. I received 50% of my investment in Franklin Ultra Short Term fund. That is a sizable chunk of money. I am sure I have never seen as much in my bank account — ever. While it is a sigh of relief, I never so much as doubted that there will be problem in repayment. My only worry was how long it would take for Franklin to repay given the court cases. For once this case moved faster than typical court case duration in India. Anyway I … Continue reading “Franklin Debt Funds Payment Is Here”

Franklin To Disburse Our Investment?

You probably remember the Franklin fiasco that happened some 9 months ago. All those who invested in the six wound up funds have their investments stuck for the past 9 months. While the funds were wound up they were still receiving interest income from the papers that it holds. Some papers matured while some others pre-paid the bonds. So overall Franklin has Rs. 14,391 Cr in income so far according to it’s latest report on Jan 29, 2021. Of this amount 4,621 Cr was used up to pay back its borrowings. The left over Rs. 9,770 Cr is available for … Continue reading “Franklin To Disburse Our Investment?”

Budget 2021 And How It Affects Me

Like last year, here is a quick overview of how the 2021 budget affects me. This is not an analysis or highlights of the budget. I am sure you can find many articles on those topics. This post is more specifically on how the budget affects my financial planning. To tell you the truth, there is nothing in the budget for me and that is a good thing! No news is good news isn’t it? Going into the budget speech many were worried if there will be additional cess and taxes to help government recoup revenue losses due to COVID-19. … Continue reading “Budget 2021 And How It Affects Me”

Change Habits For The New Year

It is almost the end of the year and it’s time to reflect back on 2020. What is the progress on your goals if you made any at the start of the year. Did the events during the year upset your plans? What impact did COVID have on you? Did you come out stronger? Learned something new that you never thought about earlier? Usually I reflect back around this time of the year and make note of my achievements and failures. The details of which will come out next year as usual in my year in review series. If you … Continue reading “Change Habits For The New Year”

Why I Buy Used Cars and Should You Too?

Every single car we have owned were used cars. And we bought 5 cars so far in our adult life. I am not here to argue whether buying a used car is better than a new car or vice-versa. It is just my opinion and I am sure the counter arguments are as strong. Here are some reasons why we went this route even before we went down the minimalism path. 1. Cost of a new car The biggest hurdle has always been the cost of a new car. I never liked the idea of taking a loan to buy … Continue reading “Why I Buy Used Cars and Should You Too?”