Way to plan for the Retirement

Way to plan for the Retirement

Modern lifestyle hungers with the Job and Money. Everyone needs and stands with their Retirement. Google.com also responding more for 'Retire Early' than 'Retirement Planning'. So, Retire Early is a kind of word, but plan for the retirement is so important today. As we are growing gradually, but the tech Gadgets and our Expenses are growing rapidly.


What about the Retirement Planning ?


It is an Obvious plan, ensure that you have a sufficient money or income to meet the expenses, when you are at the stage of retirement. The most common goal for everyone's at their retirement stage is a regular income to meet the expenses, (i.e) Pension or getting a regular cash flow from the created corpus for Retirement. One must go to achieve this, they should Save and Invest. It's not just saving, but Investing it. The Regular savings and Investing at early stage and will give a regular income by the Created Asset or Corpus.

(Image courtesy:  Gabriela Palai @pexels.com)

Plan for the Retirement:

• Look out and understand the two stages (Accumulate and Distribute). At the Accumulation stage, your savings and investment will be made for the Retirement corpus. At the Distribution stage of Retirement, your created retirement corpus will generate you a regular cash flow or income. So, Investment made at the Distribute Stage is primarily income oriented.

• Calculate the Current Expenses (including your Loan EMI, other Debt, Education, Business Goals, if you want to retire early) and Estimate the Expenses in retirement or income at retirement.

• Save and Investing Regularly, then utilize the opportunity to make invest.

• Don't forget, Retirement Stage is a long term planning -- Stick to it.

• Finding the suitable investment product or just getting a Financial Adviser, who cares you on Retirement Plan (Financial Education).

• Read and Review your creating corpus once in Three or Five Years.

• Change of action if required, make it Rarely.

• Regular Cash flow / income is an important factor for the Retirement planning.

• Your Expected Return Rate for the Retirement income should be Inflation Adjusted Rate.

Kindly share your views / comments related on this post.

Rich Investing | www.richinvesting.blogspot.com

Online Aadhaar Linking with LIC other insurance products and Mutual Funds

Online Aadhaar Linking with LIC other insurance products and Mutual Funds

Today (December 15, 2017), Supreme Court extends Aadhaar linking deadline to  March 31, 2018 and also note that Aadhaar proof is mandatory to opening a new Bank accounts. Generally, Aadhaar linking process are deal with Bank accounts, Insurance policies and Mutual Fund products, PAN, Mobile numbers. It's a good news on a short term, so we can have a time to update with Aadhaar ( Unique Identity with 12 Digit Random number).


We have a different in Mutual fund folios, Banks, Insurance companies, Demat account with brokers, which we chosen or selected. Here we will see some of the products to update Aadhaar linking.

1. LIC (Life Insurance corporation of India) Policies
2. Other Insurance companies under IRDA (Insurance Regulatory and Development Authority)
3. Mutual Fund Products
4. Demat Accounts
5. PAN (Permanent Account Number)

1)  Online Aadhaar linking with LIC Policies:

• Go to:  http://www.licindia.in/Home/Link_Aadhaar_and_PAN_to_Policy

            

You can also fill this online with your Aadhaar and PAN here.

• Kindly note that, you should keep the above details before proceeding to the next step.

• After getting OTP to your registered mobile number with Aadhaar, you may see a confirmation page that your policy numbers request added.

• On verifying your Aadhaar number with your details from UIDAI, you will receive a message on the same day or after few days.

•  If you have any issue with adding the policies or unable to update, you can see in the home page " DOWNLOAD AADHAAR / PAN MANDATE " or just use this below link to download the format, fill it and send to your nearest LIC Branch.

http://www.licindia.in/getattachment/Home-(1)/Online-Aadhaar-PAN-Mandate.pdf.aspx

2)  Other Insurance Product policies :

• Religare:   http://qcincloud.religarehealthinsurance.com/aadhaar-linking-verification.html

• ICICI PRU LIFE: https://www.iciciprulife.com/services/update-your-aadhaar.html

• You can login with your credentials for other insurance company policies like HDFC life, BAJAJ allianz, HDFC ergo, STAR HEALTH to update Aadhaar.

3)  Aadhaar Linking in Mutual Funds - Folios:

• Mutual Funds products with Folios are mandated to update Aadhaar number to the respective accounts. CAMS (Computer Age Management Services) providing the facility of linking Aadhaar process with your mutual fund folios. Karvy Mutual Funds Services also facilitates this one. you can try anyone of the below two.

• For CAMS - AADHAAR LINKING, link: https://adl.camsonline.com/InvestorServices/COL_Aadhar.aspx

• Karvy Mutual Funds Services:  https://www.karvymfs.com/karvy/Aadhaarlinking.aspx

4 ) Aadhaar with Demat accounts / brokers:

• If you have a Demat account with your stock broker or bank, you will receive a notification regarding Aadhaar linking with your Demat accounts. So, that you will do so. Here are few links to help on this:

• INDIA INFOLINE
• RELIGARE
• MOTILAL OSWAL
• ZERODHA
• FUNDS INDIA
• RELIANCE SECURITIES
• ICICI DIRECT
• SHARE KHAN
• KOTAK SECURITIES

5 ) Aadhaar linking with PAN (Permanent Account Number) Income Tax India:

As we, everyone know how to link Aadhaar with your PAN through Income Tax India efiling website. you go through this link:

https://www.incometaxindiaefiling.gov.in/e-Filing/Services/LinkAadhaarHome.html

I hope, you can get this article helpful related on Online Aadhaar linking with LIC, other insurance product policies, Mutual Funds, Demat Accounts and PAN. Kindly note that the deadline for Aadhaar linking process in now - 31, March, 2018.

Share your views or comments with a smile :)

RICH INVESTING - www.richinvesting.blogspot.com

      

How to play Rich Dad's Cash flow Classic Game - Step by step idea

How to play Rich Dad's Cash flow Classic Game - Step by step idea

I heartily loved to play games in the ground as well as on my PC-Mobile, especially with cricket. When i was changing my focus on Personal finance, i searched a lot of games related on finance. I had downloaded few more App games with a word, 'MONEY'. But, it was not filled up my brain. Finally, i got a game which one gives not only entertaining, but also provide the Financial awareness.



Rich Dad's CASH FLOW CLASSIC GAME:


Already, i had an experience with Robert kiyosaki's RICH DAD POOR DAD book. So, i have a little eager to visit the game. I was noted that the Cash flow game app for mobile costs a little bit (Around ₹ 180 /-) , but the Rich Dad website presents a free 'Cash flow classic' game for PC. So, i just registered on Richdad.com site and tried it a while. Rich Dad's Cash flow game concept is get addicted, not only as a game - it gives you a detailed knowledge on Personal finance. This thing helped me a lot on how to manage my cash flow.


It's time to see, how to play this Cash flow classic game.



Step 1:

Go to:     http://www.richdad.com/classic    ( or )

               http://www.richdad.com/promotions/Cashflow-Classic-Evergreen
           

• Signup for free with your name and email.

• After Registration, you can login with your credentials.

Step 2:  

On login, click the Play Cash flow classic now,

• Check the Adobe Flash player updated for the Web Browser, you are using.

• After Loading Data, you can hear a dice sound that welcomes you. Click anywhere to continue in the Right side bottom.

Step 3:

• On loading games, you can see a list to 'Select a game'. On this page, you select any list or create a new game yourself.

• On creating a new game, you select a number of players with minimum of two (You and Robot / Remote ). Then Click the create game and begin game.

Step 4:

• On choosing your Dream, you can see the salary and savings. 

• You can also see your Financial statements in the left side, by clicking the "Financial Statement".

Step 5:

• To play the game, you have to roll out the Dice. 

• On Every Roll, the dice will gives you an idea with a monthly paycheck, Business Deals and owe to pay.

• You can pass the deals, if you are not interest. But, you have to pay the committed pay, which are compulsory deductions like Taxes, Rent, Loan, Child expenses.

• On Financial Statement section, you have the INCOME, EXPENSES, ASSETS and LIABILITIES.

Your game concept is, you have to don't get bankrupt or get in to the rat race. So, Out of the Rat Race is the win for you, to be Rich or Create Wealth. 

What the game actually gives you...

• Tells and gives a Finance awareness and manage your personal cash flow.
• Get out of your comfort zone.
• To Avoid Debt, which eats your financial life.
• Learn to invest
• Making you to be an Entrepreneur mind set.
• Creating opportunities to make passive income and finally a good financial education.
• The Investing game.

At first, you can try the game in the Rich dad website, then you can purchase the cash flow game app on playstore, if you want. The Physical Board game kit also available on Amazon website.

It's not just a game, a Financial Education Initative !

Rich Investing -  www.richinvesting.blogspot.com

ETF vs Mutual Funds

ETF vs Mutual Funds

Nowadays, Mutual Funds are the favorite one among most of the people. Bank Interest rates are ticking down and the India Inflation rate also around 3 - 4 %. Many of us, keen to invest in mutual funds with a simple knowledge or as plain (Not known). Last week, one of the reader requested an answer in Quora.com , Is it the time to invest in mutual funds and how the mutual funds differ from ETF (Exchange Traded Fund). I had posted my answer on reply. So, that's why i am looking here to share the related information in my blog about ETF and mutual funds.

Generally, Mutual funds categorized as Two:

• Debt Funds

• Equity Funds

Debt funds are good, if you are looking like as a Bank FD (Fixed Deposit) or RD (Recurring). It gives a solid returns more than the Bank deposits. Indexation Benefit also available on LTCG (Long term Capital Gains), if you hold more than 3 years.

Similarly, Equity funds have a LTCG benefit, if you hold on your investment more than one year. Recently, BSE (Bombay Stock Exchange) is making a case for reinstating of long term capital gains on equity investments. (See here:  Remove long-term capital gains tax exemption: BSE )
Popularly, Equity funds are very helpful for the long term and gives a better return, stick with your financial goals.

( image courtesy: Daria Shevtsova@pexels.com )

However apart from mutual funds, ETF is also a fashionable word for the new comers on investing. ETF is nothing but, an exchange traded fund is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds and generally operates with an arbitrage mechanism. ETF are also based on market index (Sensex, Nifty), Sector wise, Gold etf, and few more.

ETF vs Mutual Funds - How it differ ?

You should understand this,

• Exchange Traded Funds (ETF) will trade throughout the day (Trading) like shares, but mutual funds trade only at the end of the day at its NAV (Net asset value).

• ETF have a charge of trading or broking commision, while buy or sell. on the other hand, mutual fund comes with the charge of Expense ratio on your investment.

• Most ETFs track to a particular index and therefore have lower operating expense than actively invested mutual funds.
• 
  

Kindly, share your views or comments with a smile :)

Rich Investing - www.richinvesting.blogspot.com

My Portfolio - Stocks - Updated on Nov - 2017

My Portfolio - Stocks - Updated on Nov - 2017

I am preferring to buy the stocks through Value Investing (Fundamental Analysis).

Here-now, i wish to report my portfolio - Stocks which is updated on November, 2017

 























You can notify that, my investment goes in different sector like Banks, Pharmaceuticals, IT - Technology, Automobiles. I have been heavily invested in Technology about 40 percent with the shares - HCL and Infosys (Infy) and the lowest in Paints with Berger Paints - 1.75 % I am also looking to invest in Energy, but not now with the current valuation.

Result Session:

• As on November 30, 2017 - My Portfolio (Stocks) returns with 10.22 %  (2017-18)

• Past three years (Financial) returns are: 10.43 % (2015-16), 12.51 % (2016-17), 10.22 % (2017-18).

• Currently, 8 of 10 stocks are Advanced (Profit) and 2 stocks are declined (Loss).

• On my stock portfolio, NALCO performed with the highest returns of  (106 % ) on my investment and the lowest with TATA MOTORS (-12 %) loss.

• I believe that Tata motors are at good valuation and will make profit on a long term investing.

Kindly share your views / comments with a smile :)

Rich Investing - www.richinvesting.blogspot.com

My Investment portfolio - updated as on Oct - 2017

My Investment portfolio - updated as on Oct - 2017

I am believing the Investment Portfolio objectives is the crucial thing not only for the wealth creation, but also gives the detailed knowledge on Investment opportunity.



Here is my Investment Portfolio ( Updated as on October 31, 2017)

I am also believes that my realty side depends on my father's asset (Non-cashflow). So this is my diversification too, rather than spending my money for owning a home. It's hard to me that i am not interesting to invest in Gold, but may consider in future. I am looking for an alternative investment(s) in the upcoming days.


On the above pic, i had mentioned the debt securities splitted as 'Debt mutual Funds' and 'Bank Deposits' and you can note that my majority of investment is behind on my Retirement savings (PPF, NPS).

Thanks for the SEBI (Investment adviser) L1 course and exam, it helps me to extract the knowledge of Asset allocation and Investment strategies.


My Financial Investment objectives are like:

• My Family Retirement planning
• My Kid's Education and other goals
• My Future Business plan
• Retire Early plan (REP)

You can also share your views / comments on this post.


Rich Investing with my investment portfolio.

#myportfolio

How is my Budget Planning today - July - Sep 2017 - PQFR

How is my Budget Planning today - July - Sep 2017 - PQFR

My paycheck also got an annual increment from the month of July 2017. Here is my PQFR (Personal Quarterly Financial Report) for the Quarter - July - September 2017.

How is my Budget Planning today - April - June 2017 - PQFR

How to set a simple Budget Planning 2017

The PQFR  is based on the Super Budget 50:30:20

Kindly note that, the fixed expenses are reduced to 53 %  and the flexible expenses at around 13 %, as i bought some Tech gadgets in the September. Usually i am increasing my savings and investing by year.  you can also try this with your own values. 

If you interest to share any comments, i wish to listen for that

Rich Investing with PQFR !