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Today is the 8th birthday of freefincal. The site has grown to serve 3 lakh+ visitors month & 4.5-5 lakh monthly views. From a personal blog to a reportage news source, what started as a personal quest is now driven by the community. Thank you for your support.
Dear
@IncomeTaxIndia
please build an online tax filing portal where there is no need for the assessee to worry about "which ITR form to use" & the portal handling this automatically based on inputs. Tired of Java and Excel! One form to rule them all!
What people say: "Pattu, thank you for a wonderful review of XYZ fund"
What they actually mean: "I am invested in this fund. Thank you for stating it is a good fund".
Instead of launching all this alpha, beta momentum ETFs (then FOFs!) or index funds, if AMCs launch an index fund tracking 65% equity + 35% debt (from NSE/Crisil), it would be a lot more useful. Will they? I wonder.
Dear
@hdfcmf
I had complained here a few days back that you are forcing investors to state reasons for redemption from your funds. You wanted me to send a DM for which you did not respond. The problem persists. So for what it is worth I have reported this to SEBI Scores.
Please watch these three videos of
@pvsubramanyam
again and again
(1) Value Investing! dividend investing
(2) Retirement Equity Dividend Portfolio
(3) Why dividends are so critical
Attention those who are investing in the direct plan of ICICI Nifty Next 50 Index Fund: Please switch from the direct plan to the regular plan immediately. Reason: the direct plan has 2 stars according to our great VR while the regular plan has 3 stars. Do not miss out on 1 star!
Dear
@hdfcmf
I invest in direct plans directly in your portal. I keep getting spam emails from your distributors via "mutualfundpartner dot com" about your NFOs. And I am not alone. This is unacceptable. Why are you sharing investor emails with your distribution network?
Dear
@ICICIPruMF
please stop asking your relationship managers to "look into" investor portfolios and call them after a switch/purchase/redemption and offer unsolicited "advice" without context. Not cool!
Here are 50 stocks with excellent earnings power track record. These companies have the potential to self-fund and create value. This excellent compilation has been put together by
@Lukeloki
I started my SIP in
@PPFAS
in 2018 when I started following
@FreeFinCal
on YouTube.
The XIRR returns of my 6 years of SIP is 25%, surpassing my expectations 🥂
Thank you
@PPFAS
for unwavering trustworthiness and commitment to ethics.
Dear
@hdfcmf
When I try to redeem funds I get this screen and I cannot dismiss it. I am under no obligation to tell you why I redeem. Please make the form dismissable/optional!
SEBI registered investment advisor Preeti Zende discusses the case of a couple, Venkatesh and Latha who desire financial freedom but will have to secure the future of their two children first. She explains in detail how a family can plan for their childr…
The blue rectangle on the left measures the depth and width of the 2008 crash. The same rectangle is placed over the 2020 crash for comparison. What is scarier than a crash is marked in red.
Back pain particularly lower back pain is exceedingly common among those who sit a lot. An erect posture as well know helps a lot.
A tip from a doctor to my relative: erect posture includes keeping both feet flat on the ground.
Need some feedback: As a DIY investor*, will you pay for a low-cost (₹ 500) risk appetite/awareness self-evaluation tool? Goal: tell user what they need to know abt invest. risk prior investing, set risk appetite +realistic goals. *Advisors use such tools for clients.
Freefincal in 2018: 250 posts, 1.27 million visitors and 2.45 million page views. Thank you for your support. Wish you all a happy, healthy and peaceful new year.
My dream budget speech:
"I rise to present the union budget. Before I move on to important aspects, I would like to point to all those on social media there is no change in any aspect of personal finance in this budget ...."
#Budget2021
Holidays have started so asked my son to solve the chessboard compounding problem where the value of each square doubles as we move to the next. Curious to see when he would give up!
Ref:
Many aspects of personal finance are forms of insurance! If we are clear about what we are trying to protect, money management becomes easier.
Term plan -> life
Health cover -> hospitalization
investing -> inflation
saving -> cash flow disruption
rainy day fund -> emergencies
It has been a little more than 3.5 years since I stopped eating sugar rice, wheat or any kind of cereal and switched to high-fat breakfast + veggies for lunch/dinner and nuts and coffee. The results have been amazing. 👇
I had shown that a 14-year SIP in NIfty 50 returned 4.91 % (before tax, exp ratio!). If I had done the same SIP in a portfolio of 65% Nifty and 35% bonds rebalanced like a robot each month, my return as on 23rd March would be: ______ (pl take a guess, results tmrw)
This is a health insurance policy comparison spreadsheet prepared by K R Lakshminarayanan for his personal use. He has kindly come forward to share it with all of us. Use it as a base for comparing health insurance features and understand aspects of a p…
Here is a free ebook on health insurance prepared by Venkatesh Jayaraman
@VenkateshJayar2
Use it to understand the features of a health insurance policy and choose one suited to your needs.
Dear
@SEBI_India
change in total expense ratio is also a "Change in Fundamental Attribute". Funds should be told not to change it frequently; offer proper justification when they do (and not hide behind SEBI circulars); allow the investor to exit without load
My son was throwing a tantrum and I gave him a dressing down. He started to cry. After a while, I asked him, 'have you recovered?'. He replies: "yes, have you recovered?" 😃
Dear
@SEBI_India
Kindly mandate mutual funds to not change expenses ratios frequently. Ever since the recategorization rules kicked in, there have too many changes (for the same fund)!!
Venkatesh Jayaraman
@EWFA_
shares his experiences of handing the 2008 crash and discusses how we can invest in the aftermath of this crash. His 4th ebook (links to others in the article).
The journey of some index*
----------------------------------------
A person buys an index when it was 6250, held on through multiple market crashes, bull runs and sideways markets and finally, the index hit 50,000. Wow, 700% abs return!!!. The annualised return was 7% 👇
I am confused and conflicted. Should I feel happy that all my articles on risk will, at least temporarily, be taken seriously or should I feel sad about my fast reducing portfolio? Can't do both.
For last month or so, each night, my son and I turned off the lights and listened in the dark to one chapter of this amazing book and completed it yesterday. Anyone aspiring to be a scientist should read this. This will change the way we look at life on Earth.
Some positive feel-good news to sleep easier: An investment made in gold 20Y ago would have outperformed Sensex for the first time in April 2020 ... after tax.
Details tomorrow.