Posts in category "post-retirement" - page 16
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Two Years Into Retirement
This is going to be a really short post. I just completed 2 years in retirement! On this exact day in 2018, I was commuting back to home from work for the last time. It was one of the happiest day of my life. Nothing much has changed from what I have already wrote in my post after 1 year into retirement. The only thing that has changed is that I am going through a bad market cycle for the first time since I started investing in 2011. Hopefully I will come out strong after this.
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Does Lightening Strike Twice?
You would think that one would learn from past mistakes. But no, not me apparently :). With in a week of the last major electronic equipment blowup, there was another lighting strike blowing up another router. That and more coming up soon. Stay tuned.
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Lightening Strike Destroyed My Electronics
This post was long overdue. It happened a while ago, but I have been postponing it since there were so many other important topics to cover. While the year 2020 have given us a massive blow in the form of COVID-19, I was sustaining some other injuries along the way ;). Not physical ones though. Early in the year Franklin Ultra dropped the bomb that Vodafone papers will be marked to zero. Then COVID-19 issues started in India and the country went into a lock-down. Next, Franklin wiped out a good portion of my investment by winding up six funds. A large portion of my investment was in Franklin Ultra Short Term debt funds. That resulted in me dipping into my emergency fund for the first time. Well there is a first time for everything :).
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Franklin Ultra Partial Payment From Vodafone Segregated Fund
Yesterday afternoon I was reading in the news that Vodafone Idea has made interest repayments to mutual funds. I was wondering if Franklin will be returning something back to the investors. And as expected, I did receive an email from Franklin yesterday evening. The AMC will be returning 7.58% of units worth of money back to the investors. This is some good news in the ocean of bad news surrounding Franklin. If you don't want to read the post, you can check out the video at the end of the post.
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The Franklin Wind-up Saga
In a recent post, I mentioned that Franklin has started the e-voting process. Investors in the AMC's winding-up funds have started receiving emails about e-voting details and schedule. The email mentioned that the voting was supposed to happen between June 9 and 12. I was hoping that Franklin will be able to start paying some of the investors either in June or July soon after the e-voting. But it does not seem like that will happen. In a recent news, it is known that a petition was filed in Gujarat High Court (HC) against Franklin. The HC then stayed the Franklin's e-voting process.
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Update On Franklin Funds That Are Winding Up
It does not seem like the problems with Franklin are going to end anytime soon. They are in news everyday for some reason or the other. The first issue I can see is that the investors will not receive any money in May. The reason? Franklin has not yet started the voting process. And until that happens I don't think they can return anything to the investors. If you recall, I was hoping Franklin will return something in May.
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How Much Do I Make From Ads?
This is sort of a continuation of my previous post -- truth about my passive income. Over there I mentioned that I have recently started showing ads to offset some of the expenses of running the blog. And I promised a follow up post explaining the costs and how much I am earning from ads. So here it is. I will try to keep it short because it is probably not relevant for you.
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How Much Will I Get From Franklin Ultra Short Term
You have all read about the Franklin debacle regarding the closure of 6 Franklin India Debt Funds. Many have invested in those funds. Especially the Franklin India Ultra Short Term fund, lured by the excellent returns. I am also one of the investors in the ultra short term fund. And I have a significant portion of my debt portfolio in it. The fund came with a promise of "optimum balance between regular income and high liquidity". But now, it can neither generate regular income, nor does it have any liquidity at all. Talk about the irony :)
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Franklin Wind-up Situation
Franklin Templeton is winding up 6 yield oriented debt funds because of the liquidity situation that came about due to COVID-19. If you are invested in the following funds, you might have received an email from Franklin.
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The Truth About My Passive Income
Many people have been wondering and some were asking if I have any other passive income other than my investments in equity and debt mutual funds. Some think that I may have some real estate income or business income or some other income that I am not disclosing. Here is a post to bust some myths and bring out the truth.
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