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...

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...

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                                                                     ...

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 ...

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...