In the simplest terms, retirement planning includes three steps, first is calculating your total post-retirement expenses. Next based on your post-retirement investment plan you can calculate the corpus you need at the time of retirement to fulfill your post-retirement expenses. Once you have determined your retirement corpus you can make an investment plan to achieve this corpus........
I have not addressed the issue of how to actually make a plan for a particular goal. How much to invest each year, and how should the portfolio grow every year? I will address these in this article, I will provide a step by step process to make a very simple goal-based investment calculator using excel......
Portfolio rebalancing is a risk managing/mitigating strategy. As time passes actual asset allocation deviates from the desired asset allocation. This happens due to different assets growing at different rates. At a fixed period or when the deviation crosses a certain level, rebalancing is done......
Both diversification and asset allocation are quite popular terms. Yet many of us don't realize that we don't understand these completely and they are usually used just to sell more financial products.........
Financial Planning is the process of determining how much your saving and spending should be, considering your particular situation. It also determines the optimal way to use the savings in such a manner......
In the Facebook group 'Asan Ideas for Wealth' question about the emergency fund is usually asked every month. Most popular question being, where to invest the emergency fund? Most of the time I reply with the same answer, keep your emergency funds in saving account, at max you can have a sweep facility.......