Smart ways to invest and attain early financial freedom

Dear Friends, As you probably know, the folks at Economic Times Wealth magazine take regular inputs from me and my readers. They are currently working on a story on “Financial planning tips for the new financial year” and they want to feature four types of people (preferably couples). If your situation matches any of these four profiles and if you want to be featured in this national newspaper, please get in touch with Mr Sanjay Singh of ET Wealth at sanjaysingh.journo@gmail.com. If you decide to participate in the story, you will have to undergo a photoshoot (he will send his office photographer if you live in a
As a starting point, you may like to read my last post on tax saving options -http://mbaclassdiscussions.blogspot.in/2011/12/how-to-save-tax-under-section-80c.html Not much has changed since I last wrote this - except one thing - the finance minister, Mr Jaitley, has increased the amount that you can invest under this section from Rs. 1.0 lac to Rs. 1.5 lacs per annum from this year. Tax saver Mutual funds are basically equity funds that have 60% plus exposure to equities. To avail of tax benefit, you need to stay invested in the fund for three years and that is where the catch is. In Mutual funds, I do not believe in committing to stay invested in one fund for so long. With the markets being so dynamic, I believe in keeping a check on MF’s every quarter and changing my portfolio if the situation demands.
Glad to share that today's Economic Times Wealth has featured the lead article on "Stock market investing for first time investors" where they have quoted four first time investors - and all four of them are from our Private mailing list for Equity group. Plus they have referred to me and my book and I am happy for that.  You can read a shorter version of the article here - http://bit.ly/1qTH8CV The print version is longer and has quoted and put photos of Tejas, Puneet Arora, Ashotosh Singh and Sandeep Pandita. Congratulations to all four of you for having come in a national media. Her
I have requests from my ex students who are either married or getting married shortly - the request is to share some best practices of money management post marriage. So here is my list - I am assuming that the couple is living alone.   Best practices in Financial planning If you both are working, then it is logical to have two independent bank accounts for salary and tax purposes. But once the money comes into your salary account – transfer the whole amount into a joint account that can be operated by both of you. Do not keep track of my money vs your money.
With the election results behind us – I am sure you are looking forward and wondering if you need to rebalance your portfolio. The answer is YES.If you been following my blog and investing accordingly, you should have invested in Pharma and IT sector focussed MF's.