My Monthly Expenses Explained

In one of my previous posts, I briefly mentioned that I planned my monthly expenses to be around Rs. 50,000 per month. In this post, I want to explain a bit more on how I arrived at those numbers. May be it will help you figure out your own expenses in your retirement. Before nearing retirement I never kept a meticulous record of my expenses, but I was keeping track of where they are going in general. But come 2017 (a year before my retirement), I finally decided to sit and write down what I thought my expenses ought to … Continue reading “My Monthly Expenses Explained”

My Daily Routine

Ever since I retired, lots of people have been asking about my daily routine. So I though I should probably write about it and help the folks 🙂 and this is that post. Before I get started, you have to remember a few things about my reasons for retirement. First, I did not retire to do a startup and run like crazy. That is not to say that I am playing video games and watching TV all day either. I found my Nirvana by doing just enough and not too much. I have a lot of free time and my … Continue reading “My Daily Routine”

Year In Review – 2018 Net Worth

The final chapter in the Year in Review series, is reviewing my net worth. At the end of every year, in addition to reviewing my returns and expenses, I also take stock of my net worth. It is an exercise not to check how much I am worth, but more to get an understanding of my asset allocation, and see if it is converging towards my planned allocation. Lets take a look at the constituents of my net worth first. There, all the usual suspects such as equity, fixed income and real estate. In addition, I have been tracking PF … Continue reading “Year In Review – 2018 Net Worth”

Year In Review – 2018 Expenses

Continuing the “year in review” series, this time lets go over my expenses last year. Did they go according to plan? Did I over estimate or under estimate? I think I need to write another post to show how I planned my expenses. But for this post, I will just go over them briefly and how they panned out over the course of last year. To start with, I have two types of expenses — the monthly expenses and the annual expenses. Any expense that occurs every month or more frequently than a year are clubbed into the monthly expenses. … Continue reading “Year In Review – 2018 Expenses”

Year In Review – 2018 Returns

At the end of every year, I take stock of my investments, expenses and net worth to keep a tab on how I am performing with respect to my goals. This is also the time to rejig things if they are not going according to plan. So in this post, I wanted to go over my portfolio returns for 2018 and share any learning. Portfolio vs Index Lets start with how my portfolio performed, compared to Nifty 50, multi-caps, mid-caps and small-caps last year (Jan 1, 2018 to Dec 31, 2018). Almost all indices have given poor returns. The only … Continue reading “Year In Review – 2018 Returns”

Year In Review – 2018

A happy new year to you! The year 2018 has been exceptionally exciting for me. The last such eventful year has been 2002 when I took a flight for the first time in my life to a country half way around the globe, to pursue my Master’s degree. Back in 2002, there were a lot of new things that I have never experienced before — the culture shock, self reliance, clean roads, every shop, house and office having air condition, tons of cars and almost no people on roads, huge university campus, and much much more. Every day was like … Continue reading “Year In Review – 2018”

Health Insurance

Like life insurance, everyone needs a health insurance too. It is especially important to start one when you are young, so you can lock into lower premiums. However unlike life insurance, health insurance is useful both pre and post retirement. If you have not yet retired, the risk of not having a health insurance is that, in case of an emergency, your investments and savings will take a hit and will delay your retirement. If you are already retired, your corpus will take a substantial hit and will reduce your income stream. There are a lot of factors to consider … Continue reading “Health Insurance”

Life Insurance

Everybody needs a life insurance to protect their loved ones from financial hardships in the event that your time on the planet has unexpectedly come to an end. So I wanted to write a post about life insurance. The recommendations made in this post are for people who are planning early retirement. For others, it may not work. You requirements of life insurance will be different pre and post retirement.   Pre-retirement Life Insurance At any point in life before retirement, the amount of life insurance you need is the corpus that you would need at the time to support all … Continue reading “Life Insurance”

How to Choose a Financial Planner

If planning your finances in minute detail and researching investments that fit your goals and risk appetite is not your cup of tea, then it is better to hire a financial planner who will do the work for you. But how does one find a good adviser? What attributes make up a good financial planner? Here are some tips to help you get started.   Finding a Financial Planner The best way to find a planner is referrals from friends, colleagues or family. The financial planner should have been handling their finances, and they should be happy and satisfied with … Continue reading “How to Choose a Financial Planner”

Invest Across Market-caps for Better Returns

If you want better returns for your investments, choose to invest across market caps. Generally, choosing 2-3 good multi-cap funds is sufficient for most investors. However, if you want to be a bit more aggressive with your investments, add some small-cap and mid-cap funds. But how much? That is the question I will try to answer in today’s post.   Disclaimer: Information provided in this blog is to help educate you. I am not suggesting that is the right way to do it. Any names mentioned within the post are used only as examples, and should not be considered as … Continue reading “Invest Across Market-caps for Better Returns”