Posts in category "financial-planning" - page 11
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How Am I Handling the Market
Given the current market situation, a few of my friends wanted to know how my portfolio is doing and what have I been doing during the crisis. So this post should hopefully answer these questions. I want to preface by saying that don't be fooled by randomness. I may have performed better or worse than you expect and it does not mean I made any smart moves nor that I made mistakes. Only note that luck favors the prepared.
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Sensex and Nifty Down by 30%
At close today, both Sensex and Nifty are down by 30%. We are officially in bear territory. It is considered a bear market if the market has fallen more than 20% from the recent highs and the investor sentiment is negative. Some market pundits are predicting that there is going to be a recession worse than the 2008 crisis. I have no idea if that will happen, but I am not worried at all. Also I cannot predict market, so I can't even tell if they are correct or not. But I have a plan.
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Sensex is Down 15% From the Peak
Sensex highest closing ever was 41,952. Today it closed at 35,634. That is more than 15% drop from the peak. Is it time to worry? Is there going to be a recession soon. Should we sell all our stock and buy lots of non-perishables, for the world is going to end? Nah, nothing like that really. Silly you, it is just a mere 15% drop from the peak. Keep your pants on and don't panic.
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COVID-19 vs Market
Have you seen the market lately? It has gone on a wild roller coaster ride. You get to read news like Sensex fell over 1500 points from the peak. Should you be concerned? Do you need to act on this news? Lets find out.
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Budget 2020 and How It Affects Me
I am sure you already know everything you need to know about the budget by now. There are hundreds of articles covering every aspect in details. Now the question really is -- how much does it affect you? Since everybody's situation is different, their incomes and tax deductions are different, there isn't much advice that I can give. This is one of those times when I throw the clichéd answer "it depends". So instead, I thought I will pen down how it affects me.
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Franklin India Ultra Short Bond Fund is Down!
Normally I do not write any mutual fund specific posts because I do not recommend specific funds. But in this case I will make an exception because many people I know have invested in Franklin India Ultra Short Bond Fund and are shocked to see it go down by 4.36% in one day! Yes even ultra short term debt funds go down. Most people forget or ignore the credit risk involved in debt funds. If you want absolute safety of investment go for liquid funds or overnight funds.
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Should You Invest in Bharat Funds?
By now everyone must have heard about the PSU based ETFs, namely, Bharat 22 ETF and Bharat Bonds EFT. Should you invest in them because they carry the safety of investing in companies mostly owned by the government? That is the topic of today's post, but I will be brief.
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Where is the Stock Market Heading?
While I don't predict where the markets are headed, I sure do enjoy the news and commentary which do. Some headlines attract my attention when I am reading the daily news. I email myself those interesting articles which predict Sensex or Nifty to touch a certain level by a certain date. Then I snooze the email until that predicted data. If you didn't already know, gmail has this nifty (no pun intended) little feature which allows an email to be dismissed from your Inbox only to magically reappear on a certain date. I use it quite a lot. So in the past few days I have been receiving these emails from the past. Did their predictions pan out? If so, should we have acted on those predictions back when they were predicted? Lets find out.
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My Early Investment Journey
While I am sitting comfortably today, writing about my journey to early retirement, the initial days of my investment years were not without their share of issues. Let me explain in a bit more detail. When I first started out, I had planned to do a SIP of a certain amount every month and planned on increasing it every year. The increase in SIP I planned at that time was to match up with the inflation rate. The thought process was that if I was just average at work then my salary increments will match up with the inflation for the previous year. At the time of planning my early retirement in 2011, the inflation stood at around 8%, and consequently my projections were to increase SIP by 8% every year.
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My Talk On Early Retirement
I gave a talk on Financial Planning for Early Retirement a few weeks ago at my previous work place. It was well received with more than 100 attendees. I was actually not planning to give a talk. I casually wanted to visit the old office and visit some folks over lunch. But they wanted a talk, so I had to quickly make some slides. Fortunately, most of what I wanted to say was already available on my blog. Made some slides based on my experience and blog and gave a talk on June 14, 2019. I enjoyed giving the talk and hope my colleagues enjoyed it as much. There was a sharp spike in the number of visitors to my blog and LinkedIn page a day or two after the talk.
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