Fiscal Mentors

04/11/2018

Celebrate and enjoy the Festival of Lights

20/06/2017

Growing India

Along with a 5.4 percent rise in the rupee this year, the cost of imports have been held in check. Crucially, inflation expectations are becoming anchored.

20/06/2017

*Five lessons from ICC Champions Trophy Final*

Yesterday, the much hyped cricket match between India and Pakistan finished with a gloomy impact on Indian Cricket lovers. Lot of analysis and post mortem will be done on the reasons of India’s defeat. But like elsewhere, sports tournaments too leave a trail of events which bestowed us us with more experience and wisdom that ultimately enrich our lives. Let us learn some key lessons from yesterday’s match and see how we can benefit from this to fine tune our personal finance.

*Lesson #1*
*Keep a cap on your discretionary expenses.*

Too many ‘extra runs’ given by Jasprit Bumrah helped Pakistani team to set a big target for India. Similarly avoid making unnecessary or ‘extra’ expenses which may set our financial goals too heavy to achieve.

*Lesson #2*
*Avoid impulse buying.*

Early wickets of opening Batsman Rohit Sharma and skipper Virat Kohli put Indian team on big trouble and ultimately they could not achieve the target set by Pakistanis. Many times we start for investing for a goal but very soon we have an urge to buy something attractive (like costly mobiles, luxury Cars, jewellery etc.) and we withdraw that amount to pay for our luxury. That makes our goals more difficult to achieve.

*Lession #3*
*Start early and invest regularly.*

India’s target was 339 in 300 balls that are some 1.13 runs per ball. Does it seem to be very challenging task? If singles could be scored from the very first ball with occasional boundaries, the target would have been easily achievable. Just like that, start small investment with your first pay check and continue till the end of your financial goals. Your effort should be to be disciplined and consistent and leave the rest on power of compounding. You will notice how comfortably you are on your financial goals.

*Lession #4*
*Have a protection for your life and health*

Jadeja is being blamed for Hardik Pandya’s run out. He was so focused on his own running that he couldn’t see Pandya was coming on his way which leads to fall of the wicket of highest scorer from Indian team.
Likewise many a times we are so busy with our profession that we forgot to look at our family and take adequate protection for them. One sudden death of the earning member or a critical health issue of any family member could jeopardise your financial goals completely. Take a life insurance and health insurance cover to guard your family from falling in any financial mess in case you are not around.

*Lesson # 5*
*Build a partnership, with your advisor.*

It needs two to tango! One of the big reasons why India failed to achieve the target is that no two batsmen could build a robust partnership. History shows, a winning team mostly represented by marvellous partnership from any two batsmen.
Build a long term mutual relationship with your advisor based on trust and compassion. He can guide you best in the ups and down of financial matter and at the end both of you can come out as a winning team in the lifetime tournament of wealth creation.

18/06/2017

🦋 धीरज का फल 🦋

बन्दरों की एक टोली थी....
उनका एक सरदार भी था बन्दर फलो के बग़ीचों मे फल तोड कर खाया करते थे
माली की मार और डन्डे भी खाते थे पिटते थे ।

एक दिन बन्दरों के सरदार ने सब बन्दरों से विचार विमर्श कर कर निश्चय किया कि रोज माली के डन्डे
खाने से बेहतर है हम अपना फलों का बग़ीचा लगा ले और खाये , कोई रोक टोक नहीं ।

और हमारे अच्छे दिन आ जायगे ।

सभी बन्दरों को यह प्रस्ताव बहुत पसन्द आया । जोर शोर से गड्ढे खोद कर फलो के बीज बो दिये गये ।

पूरी रात बन्दरों ने बेसब्री से इन्तज़ार किया । सुबह देखा गया अभी तो फलो के पौधे भी नहीं आये !

दो चार दिन बन्दरों ने और इन्तज़ार किया , परन्तु पौधे नहीं आये ।

Restless बन्दरों ने मिट्टी हटाई - देखा फलो के बीज जैसे के तैसे मिले ।

बन्दरों ने कहा - लोग झूठ बोलते हैं । हमारे कभी अच्छे दिन नही आने वाले । हमारी क़िस्मत मैं तो माली के डन्डे ही लिखे हैं ।

बन्दरों ने सभी गड्ढे खोद कर फलो के बीज निकाल कर फेंक दिये । पुन: अपने भोजन के लिये माली की मार और डन्डे खाने लगे ।

देश वासियो - जरा सोचना कहीं हम बन्दरों वाली हरकत तो नहीं कर रहे ।

इक्विटी में निवेश करने से कुछ ऐसा ही होता है। यहाँ पर निवेश करने के बाद उसे थोड़ा वक़्त देना पड़ता है।

जैसे रातो रात बीज से पेड़ नहीं बनता, ठीक उसी तरह इक्विटी में निवेश से आप एकदम से करोड़पति नही बन सकते।

17/06/2017

Sensex 100 से 31000 हजार पार हो गया और अधिकांश लोग आज भी उसके गिरने का इंतजार कर रहे कि वो बाजार में पैसा/निवेश उचित समय पर करेंगे..

करते रहिये इंतजार ,
या बनिये समझदार .

17/06/2017

Journey of Indian Stock market
1979 - Sensex 100
1981 - Sensex = 173
1983 - Indian Cricket Team winning World Cup. Sensex = 212
1984 - Indira Gandhi shot dead & Bhopal Gas tragedy. Sensex = 245
1989 - Hung parliament with Congress outside support. Sensex = 714.
1991 - Rajiv Gandhi assassination. Sensex = 1168
1992 - Indian Economy opening up. Dream budget by MMS. Harshad Mehta Scam. Sensex = 4285.
1993 - Blast in Mumbai. Also at BSE buidling. Riots all over. Sensex = 2281.
1996 - Indian stock market goes digital with NSE's new trading platform. Sensex = 3367.
1999 - NDA coming to power with Atal Bihari Vajpayee as PM. Sensex = 3740.
2000 - Technology boom. Sensex = 5001.
2001 - Gujarat earthquake. Sensex = 3640.
2003 - Big bull run start in Dalal Street. Sensex = 3049.
2004 - UPA coming to power with Left party support. Sensex = 5591.
2006 - Sensex conquering 10000.
2007 - Sensex conquering 20000.
2008 - Sensex falling after touching high of 21200. Crude oil rising upto $ 147.
2009 - Sub-prime crisis in USA bring financial instability worldwide. Sensex = 9568.
2010 - Satyam scam, Common wealth scam, Telecom scam. Sensex = 17590.
2013 - Young Raghu Ram Rajan appointed RBI governor. Sensex = 18835.
2014 - BJP alone conquering 283 seats in Lok Sabha and NDA coming to power with 330 seats. Sensex = 25000.
(March Closing Sensex quotes for all above 👆)
04/03/2015 - Sensex = Life Time High 30025!
28/10/2016 = Sensex = 27958

Sensex has grown almost 300 times in last 37 years!

It is clear that in all Adversity & Prosperity, Sensex has grown. Surely there have been downside also. But sooner or later that downside have always been overcome. Be a Systematic & Disciplined Investor.

Save Wisely, Invest Smartly!

17/06/2017

INVESTMENT TIP FOR THE WEEK - SIMPLE INVESTING LESSONS

1. Continuous out performance is impossible: It is not possible for a fund manager to outperform all other funds over all time periods. If ICICI Prudential Discovery has performed better than say HDFC Top 200 over the past 5 years, it does not mean it would have beaten the same fund over 3 months, 6 months, 1 year, 3 years, and so on. It may happen, but it is not necessary that it will happen.As long as a fund is meeting your objectives, do not bother too much about its relative performance, or relative out performance.

2. Saving is difficult, investing is easy: Many people do not invest because they cannot save (or spare) that small amount every month – Rs. 500 or Rs. 50,000 – whatever. So, if you started early and saved instead of investing (means you did a RD instead of doing a SIP) you are still smarter than your friends who did neither. Once you set up a habit of saving 1,000 a month or more, starting a SIP instead of a RD is easy.

3. Better early and wrong, than right and late: Between starting early and starting late, starting early even in the wrong fund, is a better option.

4. Any way that you invest (or worse, not invest at all) there is risk: Risk of inflation, concentration risk, holding in single name without a nominee - risks are there in every corner if you invest. However, there are risks even if you do not invest.

5. Risk management is not easy: Why even investing is not easy, but many people think they can handle it themselves. I have seen both successful DIY investors and unsuccessful DIY investors.

6. Investing is all in the head: 90 per cent of investing is in the head, and the other 10 per cent is mental.

For investment contact WhatsApp @94095-78338

17/06/2017

Romance with FD but marry SIP

******

Imagine you are moving at 10 km per hour and your friend is moving at 11 km per hour.

After 6 minutes they are only 100 m (1/10th of 1km) apart which is not very significant. You can literally see each other.

After an hour you are 1 km apart. You can no longer see each other but still you aren’t all that far from each other. If you wish you can meet each other easily.

But after 10 hours you are 10 km apart and after 100 hours you are 100 km apart.

Now you are in two different cities. It’s too far to meet each other. Perhaps you have to speak over phone.

Likewise investing in a fixed deposit of 6% per annum or investing in a mutual fund of 10-15% per annum does not make a huge difference when invested for a period of 1 year or even for that matter for a period of 2 years.

However, if you were to invest for a period of 10 years to 15 years, the 4-9% difference but nearly 100-200%.

Hope this explains why even a 4-9% difference in returns cannot be ignored in the long term and moreover why Equity mutual fund is a more appropriate asset to invest in rather than a Fixed Deposit. 😊

08/06/2017