How fear can destroy your wealth

Image courtesy: Adobe Stock Vitaliy Katsenelson, Chief Executive Officer at Investment Management Associates, wrote this post which initially appeared on his blog. The stock market is not your friend. You want to approach it the same way the American president should approach a one-on-one meeting with the Russian president: Be respectful but cautious. He might smile […]

WHAT IS A DIRECT PLAN?

One may invest in mutual funds with the help of a financial intermediary i.e., a Mutual Fund distributor/agent in a Regular Plan OR choose to INVEST DIRECTLY i.e., without involving or routing the investment through any distributor/agent in a ‘Direct Plan’. ‘Direct Plan’ and ‘Regular Plan’ are both part of the same mutual fund scheme, have […]

Why do RIAs charge fees?

The financial services industry is a rapidly changing professional environment. As the needs and desires of consumers change, firms engaged in managing money are also evolving. A registered investment advisor (RIA) manages the assets of individuals and institutional investors. He or she must be registered with the regulator in the jurisdiction where one is practising. In India, […]

Spiralling education costs can kill your savings

The fees for class of 2017-19 batch of IIM-Ahmedabad will be Rs. 21 lakh for the two-year MBA course. Laptop computer, personal expenses on boarding, travel, clothes and laundry are extra. https://www.iima.ac.in/web/pgp/apply/domestic/expenses This is 400% higher than what the B-school charged in 2007. If the fees of the management course continues to rise by an […]