Source: Morningstar I talk with investors almost every day, and over time the same themes emerge and I hear the same mistakes over and over again. So, to help save you from repeating the same mistakes and losing a lot of money to learn the lessons, I’ve jotted down some of the most common investing […]
“The illiterate of 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and re-learn.” – Alvin Toffler 1) It’s high time that we learn about compounding, unlearn about investing in fixed deposits for the long term and re-learn about equity investing for the long term. 2) It’s […]
What are mutual funds? A mutual fund is a professionally-managed trust that pools the savings of many investors and invests them in securities like stocks, bonds, short-term money market instruments and commodities such as precious metals. Investors in a mutual fund have a common financial goal and their money is invested in different asset classes […]
Double taxation is the levying of tax by two or more jurisdictions on the same declared income (in the case of income taxes), asset (in the case of capital taxes), or financial transaction (in the case of sales taxes). This double liability is often mitigated by tax treaties between countries. To provide some respite from […]
The Reserve Bank of India (RBI) has allowed non-resident Indians (NRIs) to operate resident bank accounts on “either or survivor” basis. According to RBI, banks may include an NRI close relative in existing / new resident bank accounts as joint holder with the resident account holder on “either or survivor” basis, subject to fulfillment of […]