A colleague of mine Bharat Kulkarni recommended this book 'The Psychology of Money'- by Morgan Housel. As I was recently traveling and needed something to read on the plane, I picked this one up. It was a relatively simple & short book to read and easy to understand. This book, as the name suggests, talks … Continue reading The Pyschology of Money – Morgan Housel
The Ten Roads to Riches – Ken Fisher
The Ten Roads to Riches is a simple and interesting book written by Ken Fisher, Founder of Fisher Investments. When I got my hands on the book, I was looking for investment advice and assumed that the book would be talking a lot about S&P 500, other investment avenues, and more. However, this is not … Continue reading The Ten Roads to Riches – Ken Fisher
How long does it take to double your money – The Rule of 72
We've all heard "Don't work for money, make money work for you". Though working for money or not can be subjective, making money work for you is never debatable. The power of compound interest, meaning earning interest on interest on the invested sum, is not new but often overlooked. Let's see a simple trick to … Continue reading How long does it take to double your money – The Rule of 72
SIP Basics to Get You Started on Investing
What is the SIP (Systematic Investment Plan)? SIP is a method of investing in a disciplined manner. For example, If you have a home loan, you set up an auto-debit on your account so the money you owe gets deducted from your account by the bank on the 1st (or a date of your choice) … Continue reading SIP Basics to Get You Started on Investing
What is ULIP and Investing in Unit Linked Insurance Plan (ULIP)
Three years ago, I invested in an Insurance plan in India hoping my money invested over a period of 5 years will double in 10 years. Honestly, I did not do enough research and did not even know I had invested in an ULIP (Unit Linked Insurance Plan). No surprises, the money invested over a … Continue reading What is ULIP and Investing in Unit Linked Insurance Plan (ULIP)