Wednesday, 10 June 2015

Intelligence versus Discipline

A combination of 

Ordinary Intelligence 

Extraordinary Discipline


Extraordinary Intelligence

Ordinary Discipline

every single time

Think about it!

Personal finance is the surest way to prove this!

Monday, 8 June 2015

India Personal Finance Websites 2015

Its been a while since I discussed the many and increasing set of resources available to personal finance beginners, learners, enthusiasts, journeymen, tax-savers, investors, traders, pundits, believers and their tribesmen and kin.  Since 2011, when I first blogged about a few sites that I had come across (India Personal Finance Websites 2011), the number and variety have increased in leaps and bounds.  

Here is a small set that I am most familiar with.  Please let me know if there are others that you find interesting.  I have also included a couple of lines for each site, describing my perspective of the site. We all approach our reading material from our own personal perspective, so please regard this as my view on the site content.  Yours could be different.  The key is to keep reading, keep learning, and keep contributing

Sunday, 7 June 2015

Retire Early : Increase your Networth

The holy grail of early retirement is to push your networth up as quickly as you possibly can to help meet your retirement goal.  I have earlier described how to arrive at your networth target. Today I will focus on the efforts I have put in over the years to build out my overall corpus, and the results of that rather arduous exercise.  I say arduous because it certainly has not been easy going to try and watch your networth grow slowly in spite of the challenges you face everyday.  Here is a description of my journey so far, and some tips on how I have gotten here.  Read on, and feel free to provide me ideas and suggestions on what I should be doing going forward.  I certainly need all the help I can get to realize my dreams.

Monday, 1 June 2015

RBI : To Cut or not to Cut, that is the question!

The RBI June policy review meeting is scheduled for tomorrow, and the Indian markets and economy will be waiting with bated breath to see what RBI governor Raghuram Rajan has to offer this time around.  

This time general consensus is predicting, almost demanding, a 0.25% repo rate cut.  A few optimists are in fact suggesting that a 0.5% repo rate cut might be on the cards.  I for one think Raghu will stay with a 0.25% repo rate cut.  

The CRR (Cash Reserve Ratio) might also see a cut of upto 0.5% depending on how much liquidity the RBI governor wants to release into the markets. 

Both of the above should provide a healthy uptick to the Indian stock markets tomorrow.  The repo rate cut of 0.25% is probably already baked into the market, so only a higher rate cut will move the needle.  On the flip side, no rate cut will be a huge downer, leading to a large fall in the indices.

The CRR impact may not be immediate, but should help overall.

As always rate sensitives like banks, NBFCs, Auto and Auto ancillaries, will benefit the most from any reduction in the repo rate.  I am also hoping that long term GILT funds will benefit from any interest rate reductions coming up.  I had reiterated my resolve to build up a position in GILT funds late last year in december.   Since then, I have been slowly accumulating GILTs.  The performance has not been spectacular, but it hasn't been a loss either.  I will come back after this monetary policy review with some performance analysis of long term GILT funds, in a falling interest rate scenario.

Till then, here is hoping Raghu gives us a helping hand!