Recently, a friend was diagnosed with blood cancer. He is in 30s, well-built and looked quite healthy until he was diagnosed with this terrible disease. After initial rounds of chemotherapy, the doctors concluded that bone marrow transplant was the only way to have a fighting chance against this disease. Apparently, this will cost 50 lacs. …
Want to reduce interest rate on your home loan? Lenders have always meted out step-motherly treatment to their existing home loan customers. Over the last few months, we have seen home loan interest rates falling significantly for new customers. However, lenders have not reduced interest rates for existing home loan customers. Remember: Most banks will offer …
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” – Albert Einstein It is quite common to refer to the wonders of compounding However, this is often forgotten in financial planning. The pace of compounding is quite low in the beginning as …
And in the end, it’s not the years in your life that count. It’s the life in your years. – Abraham Lincoln The world is becoming an increasingly old. Life expectancy has been increasing. As a result, many people find themselves not fully prepared for a long retired life. Preparation for retirement should ideally be …
The article was first written in May 2015. Since then yield came down crashing and long-term gilt funds delivered great return. The yields have changed since then and there is upside risk and hence, one needs to prefer short term govt bond funds. I am reposting this, just to clarify few conceptual points that many …
