I met a client whose father passed away recently. He had no idea of where the investments were made by his father.After a lot of trouble, he could access a few details from his father’s email inbox and WhatsApp messages. The investments were all over the place and he was not even sure if all the assets were accounted for.Check out these mind-boggling numbers from India:- Despite tech initiatives and public awareness campaigns, the unclaimed monies held by…
Freedom. This one word I believe is the ultimate objective of all human endeavors.Freedom not only from an oppressive regime but also from everything that restricts us from expressing our true selves.Physical freedom – Our ability to move from one location to another. This needs not just the absence of external boundaries but good health that allows us to travel comfortably.Psychological freedom – Absence of fear, worries, and anxieties. When these negative emotions are gone,…
The tortoise won the race over the hare because it was consistent. Many people often ignore the power of consistency but those who follow, see remarkable success in life.People want to get rich quickly. The media also highlights the story of sudden riches, flamboyance & extravagant splurges. Whereas for a common person, the chances of success are much higher if only they are going through a boring everyday grind, silently climbing up the ladder, consistently saving and investing…
A client said – I understand market valuations are expensive but it doesn’t seem that it will correct much. Everything is positive – India’s growth story, expected cut in interest rates, and strong domestic inflows. There is nothing to worry about.The fundamental driver of market peaks and exorbitant valuations is the perception that there is nothing to worry about – there is no investment risk. Certainly, there are times when there are no known risks but many…
Team Truemind: “You have enough assets to retire today!” The sense of relief and joy on the face of our client was priceless when we shared our financial planning outcome with her. That set her free to pursue her hobbies and pet projects. The interesting part is that she was not even aware that she could retire comfortably with her current net worth. These are the beautiful words that many of us want to hear.…
We onboarded a client with a portfolio of around INR 50 Crores, earlier managed by a big & reputed wealth management company. The portfolio was constructed for retirement purposes with a 12-year investment horizon. The risk profile of the client is moderate. When we did the portfolio health check-up, we found that there were close to 50 products in the portfolio. 40% allocation in Alternative Investment Funds (AIFs) and 20% average in debt. The annualized…
The last and the seventh phase of the election will be completed on 1st June. Exit polls will be announced on that day itself and election results will be declared on 4th June.There could be the following three broader outcomes on 4th June:Outcome #1 NDA forming the government with BJP winning the full majority on its own: This is the most probabilistic scenario as per the investment community which means that this scenario is already discounted in the stock…
How much experience does it take to truly master the art of investing?3 years?Not a chance. In the last 3 years, markets have been riding high without even a 20% correction. It’s been more like a joyride than a test of skill.How about 5 years? We saw a market decline due to Covid in 2020 that threw us all in a loop. Shouldn’t it count?I don’t think it should count. You see the market went…