The following are the posts for improving my financial IQ. Posts are relevant to India.

All Retail Financial Products to go “No Load” by 2011 in India

Open Letter to Kamesh Goyal, Bajaj Allianz Life Insurance CEO
Personal Finance Websites in India
Competencies Required to Invest in Stock Markets
Coming Soon! Rupee Manager Workshops Near You
How to Teach Personal Finance to Kids
Thank You, You Are Invited!
RupeeManager: Assign work for your Money
Introducing India’s Online Insurance Community
Financial Literacy Efforts in India

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Here are the latest updates on the Personal Finance Online Weekly.

Primer on Managing Your Short Term Money Goals
Assistance on Emergency Funds Planning
Options for Planning Your Retirement
Stock Picking in the Cement Industry
Personal Finance Tools: Are they Useful?
Where to invest and Why
Schedule a Money Day for Yourself

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Recent Posts on Personal Finance

Debt & Equity Investing
How to Apply Asset Allocation Principles
Asset Allocation Strategy Part 2
Asset Allocation is like Marriage
Financial Habits of Indians and Americans
Money is Just a Piece of Paper

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There is a process to achieve a good and strong portfolio or atleast to get you started on the journey. It ain’t a simple ride as it is said that if wishes were horses, beggars would ride.
Blogger friend Manish Chauhan who writes a blog on creating awareness among Indian investors on the importance of personal finance has a thoughtful post on the Four Pillars of Success for a Strong Portfolio.
Manish writes:
There are some good traits of portfolio which makes it better than others . A …

Check out this post on retirement planning. Excerpts:
Now, coming back to the question about the best retirement plan, the answer would be a combination of the following products:
Mutual Funds, Public Provident Fund, fixed deposit (FD) and fixed maturity plan (FMP), etc to build the retirement fund while you are young and can take risks.
As the fund grows, the investments can be deployed in avenues like FDs, senior citizens scheme, Post Office Monthly Income Scheme, MF investments with a systematic withdrawal option, FMPs in the dividend distribution mode and monthly income …

Take a look at this presentation on Credit Crisis by Pictualize. If you like it, you can vote for it too.
Credit Crisis Pictualized
View SlideShare presentation or Upload your own. (tags: presentation comic)

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Over the last year or so, there has been a sense of disquiet relating to the mis selling of financial products. Much of the complaints have been directed at distributors of insurance products, who are ever so keen on pushing unit linked insurance plans (Ulips) rather than plain vanilla life insurance plans. In the past, such charges had been hurled at mutual funds and issuers of credit cards as well.
While some of the charges may stick, it is striking that apart from the sophistication of new financial products and …

Losses on various financial transactions can be set off against gains, which leads to reduction in tax liability.
Gains and losses are a part of the investment game. But while gains always bring a smile to the face, losses make one cringe. But then, losses are not too bad, especially if you know how to take advantage of them. Avoid the blues by proper tax planning.
As far as the capital market goes, if you are holding loss-making shares for over a year, it won’t be possible to set them off against …

Ideasmoney shares an interesting story about a friend on Saving/Investing Regularly
It’s a story about a guy who got a car ( worth almost 7 Lakhs) out of just 70,000 which he invested a decade ago and left with some good money too!!On the contrary lets look at a person who buys a car on EMI. he pays almost 15% as interest. By making money work for you ..you tend to gain in the long run. But this requires tremendous patience and a systematic approach.
Check out the full story

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The area under consideration today is availability of insurance along with mutual funds; and this is likely to remain in the spotlight because of huge attention focused on the area. An investor needs to distinguish the position with respect to other mutual funds that he has experienced. In this entire issue, the question of collection of insurance premium is important and a small distinction can make all the difference.
Regulation In the existing position, the mutual funds cannot collect insurance premium. This, according to many people, puts mutual funds at a …

What is the fundamental reason why people avoid personal finance?
We can think of three reasons.
One, there is an information asymmetry in this industry. That means that the seller of financial products knows more than the buyer and he uses it to his advantage and not the buyers advantage. The lack of transparency puts off people.
Two, the sellers use a lot of jargons and number crunching which makes people uncomfortable. Probably that’s another reason why people avoid personal finance.
The third reason that comes to mind is of a psychological nature. In …

Here are the popular posts on India’s first online weekly on personal finance.

How to select Tax Saving mutual Fund
Why should we invest in Mutual Funds?
Top Mutual Fund schemes based on 5 year returns
Top Five Equity Linked Saving Schmes (ELSS) which also save Tax
What are the charges of a ULIP
Where to invest and Why
Baby Steps for a newbie Stocks Investor

Which one is your favorite? Or do you have a question to ask?

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Simpla Dollar is an amazing blog on Personal Finance and this post can help all of us deal with our financial fears
I think this is actually a pretty normal thing for most people. We all have areas where we’re less than confident and we all have areas that concern us about the future.
It’s very easy to push these fears aside and just not worry about them, especially if they’re not vital to our day to day life. We’ll tell ourselves, “I’ll think about that later,” and then when it comes …

If the India long-term growth story is intact and the Indian market so attractive, why is the penetra- tion of financial products so low? As a case in point, life insurance penetration was at an abysmal 4.1 per cent in 2006-07, while non-life penetration was even lower at 0.6 per cent. Only around 6 per cent of household say- ings are invested in mutual funds while a meagre 3.9 per cent of household savings head towards equities.
The approach towards the spread of financial products has to be like any other …

Sundar is a Google Software Engineer and has been selected to IIM, Bangalore’s PGP this year. He had some very interesting questions on personal finance. He wanted to know why people do a shoddy job when it comes to financial planning among other things.
Read my interview at компютриCoffee with Sundar
I enjoyed answering those interesting questions.
Thanks Sundar

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This week, the Federal Reserve took swift action to inject liquidity into the US financial services industry. First, it arranged for JP Morgan Chase to acquire Bear Stearns. Second, it made available credit lines to the largest investment banks. This story has had massive coverage in the trade and mainstream press. Financial Insights analysts have likewise been reviewing the situation and developed their view on this development and what it means for the industry. bear_stearns.pdf

The Bottom Line for JPMC and Bear Stearns
мебелимебелиEssential Guidance for the Financial Services Industry
Related …

Personal Finance is a “threatening” concept and most people phase out when money/ savings/ investing/ tax/ stocks/ insurance/ funds are discussed. After tackling them over the last one year on my blog and website , I hope to construct an easy-to-digest, friendly e-book that people want to read and understand!
This e-book is only 21 pages and will not take more than an hour to go through. No matter who you are and what you earn, my feeling is that this one hour can help you understand money and change a …

Investing means, making more money on your hard earned money towards increasing your wealth. An investment is anything you purchase for future income or benefit. In other words, anything not consumed today and saved for future use can be considered an investment. Income earned from your investments and any appreciation in the value of your investments increases your wealth. Before we take a look at the different financial products, it is important to know the basic principles of investing!
Investment refers to a placement of funds in some assets that …

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