Ahirjoy's Blog

  This is the second part of the blog “A Layman’s guide to Investment” which I started last week. When we do investing, many of us hardly give any consideration how our asset allocation should change with changing time and this is not a wise approach. So, in this blog I am trying to set few simple guidelines which you may consider, 1.        Age 25-30:      Start investing at the earliest and increase your savings and investment as much as possible. This is usually the time when you have less family obligations and thus you can take maximum risks. Also, if you are salaried employee, try to increase your investment in Voluntary PF.   a.        Equity/MF Exposure:     50-60% b.        Fixed Assed Exposure:   20-30% c.        Other Assets:            ...

      This blog is written considering people who have elementary knowledge on personal finance but enthusiastic about starting fresh towards the rewarding journey of investment. They should try to follow below simple steps to begin with, 1.        First analyze your income and expenses thoroughly, not only your big-ticket expenses like EMI, but even minute details like laundry expenses which will give you realistic picture how well   are you managing your income and expenditure.   2.        Create an emergency fund which should be no less than 3 months’ of your monthly income. This will act as a primary cushion for unemployment or unavoidable circumstances.   3.        Buy Family floater plan for you and your dependents even if you have an insurance from your company. This will be very helpful when you are out of job or even for b...

Excellent Article: Always be ready with Plan-B even if you don't have to use it. Must Read. https://economictimes.indiatimes.com/jobs/lessons-from-tata-tele-shutdown-what-to-do-when-you-are-one-of-thousands-suddenly-without-a-job/articleshow/61005338.cms?utm_source=AMPusers&utm_medium=fbshare&utm_campaign=socialsharebutton&from=mdr