Ultra Invest Venture

"If there must be trouble, let it be in my day so that my child may have peace" - Thomas Paine.  As rightly stated by Mr Paine (a famous English-American political activist, author, political theorist and revolutionary), this is what every parent wishes for. As a parent, you not only want your child to have a sound education, but also celebrations on important occasions for your little one, not to mention a grand wedding. But in order to fulfil these desires, it is imperative that you follow the right approach towards planning for your  financial goals .  While planning for your child's needs, it always pays to start early. This is because if you start saving and invest early, it will give you a larger time horizon to meet your financial goals (such as  child's education  and marriage) and even build a bigger corpus.  Consider the following examples:  Example 1) .Mr Shah has a 3 year old son, who is going to graduate after 15 years. Mr Shah intends that his son sh

What is retirement planning? Retirement planning is the process of planning and managing your short and long-term finances to help achieve your financial dreams both during your working years and retired life. It involves analysing your financial objectives, current financial position and expected future cash flowto develop a comprehensive retirement roadmap. Why is retirement planning required? Without a judicious retirement plan in place you run the risk of outliving your savings and not being able to maintain the desired lifestyle in your retirement years. You also run the risk of not being able to accumulate enough corpus for your dependants owing to unfortunate and uncertain events like death, disability etc. Retirement planning helps you determine how much to save today for retirement; how to invest your savings to get the desired returns;how to protect your assets  and provide for in case of unfortunate events and howto make judicious use of retirement income pos

Many times, you may have read the word Financial Planning and you may have many complicated definitions as well. Hope you have watched “3 IDIOTS” . When Aamir was asked the definition of machine, he said in simple language “Machine is anything that reduces human effort”. Similarly in simple language                                       “Financial Planning is the process of meeting your life                                                                 dreams/goals through                                                                                                     the proper management of your finance.” Dream of buying a new car, a dream house, getting your children married in style, or simply retiring early to Live Life King Size. There are two ways you can deal with finance in your life: 1 Without Planning wherein at some point of time in future, you will have money and then you will decide how to use that for your goals. 2 With planning, you decide

Waiting for market to correct before investing:  Greed and fear psychology is at play for investors who wait for market to correct before investing. In my experience, investors who follow stock markets are more likely to exhibit this trait as opposed to investors who do not follow markets. Investors should understand that individual stocks and mutual funds are different investment instruments. A mutual fund comprises of a portfolio of stocks. So while an individual stock in a fund portfolio may be overvalued there will also be stocks which will be undervalued. Diversification of individual company risk, also known as unsystematic risk, is the fundamental concept of a mutual fund. The strategy to wait for market to correct can theoretically work if you believe that the market itself is overvalued. However, you should understand that it is extremely difficult, if not practically impossible, to correctly call a market bottom. Many investors who exited their mutual fund investment in 2

Being an Indian citizen but living in foreign, do I need to pay my taxes in India? Or being a foreign citizen but earning income from India, when am I liable to pay taxes in India? Non-understanding of correct residential status creates a high buzz for persons residing outside India or the persons visiting foreign for most of the year. They remain confuse whether taxes are to be paid in India and quantum of such taxes, provisions if income is earned in India or outside India etc. As the saying goes in Income Tax: 'An Indian Citizen may not be resident Indian, but A Foreign Citizen may be resident Indian.' So by today's blog, we wish to make you understand the concept of residential status and how it affects tax levy.  Residential status constitutes of two main categories - Resident or Non - resident. Who is Resident in India? Upon fulfilling 'ANY ONE' of the following two conditions (known as basic conditions), the person is said to be resident i

5 Steps for Happy Retirement – Before you Retire 1) Plan for your income post retirement – Once you retire, you will not have your regular source of income. You need to plan beforehand on how to take care of your expenses post retirement. Decide on investments that will give you regular returns. Your wealth and returns should be such that they take care of living expenses taking inflation into account. You could start a side business before retirement or make the arrangements for the same so that you can work post retirement. Else you can equip yourself with some skills or brush up on your existing knowledge and skills that can be used post retirement for earning income. If you have your income post retirement sorted, you will be less stressed. You know you can take care of your expenses and fund your lifestyle and also take care of emergencies. Your investment portfolio should be such that it is diversified and protected from risks in different markets. It should be a mix