Jeene Ke Failsafe

Hello young friends. the title of this post may seem out of sync with your realities and current priorities, but let me have the opportunity to prove otherwise. Money, as we know, turns the keys and moves the levers - it is important and a necessary tool to get many things that give us pride, joy, comfort and upgrades in life. Money helps us to get education, get best medical attention when we fall sick, enables us to throw parties and have pizzas and watch movies with family and friends. So it is central to almost everything we do. And you know what, it is the prime reason that most of you have chosen a professional course over the more traditional ones. So, lets first make up our minds that it is a necessary thing to have. Like it is famously said that         "it is better to suffer with lots of cash in hand than without it." At least we get to choose our many of the sufferings!!! :) I am not a very successful person when it comes to measuring success with the ba

Timing the market is completely unrealistic dream and a trap that an investor can lay for himself. Secondly, if you go for daily SIPs then also you will over do the overall goal of disciplined investing. There are few things one should consider even while choosing the appropriate date for a SIP. 1) The frequency and date of income – As one of the thumb rules of investing is to carve out investments before spending from income, the date and frequency of your income plays a crucial choice in deciding your date of investments. Mostly in case of salaried persons, like me, the date of SIP must coincide with the date of salary being transferred into bank a/c. Like in my case salary is generally credited between 12-14th of every month so most of my SIPs are on or after 15th of every month. If you have irregular income like in case of business/professional income, you can start a separate bank account which may maintain sufficient balance only to meet your monthly SIP/insurance