Bridges are never designed for average wind speed and average traffic. They are designed for the worst so that the design can withstand adverse conditions. Retirement planning is no different. A good retirement plan should be able to withstand and overcome adverse market conditions of the future. In current retirement planning practice in India, financial […]
Half baked equity investor
A half baked equity investor thinks that it is easy to beat market and fund manager returns by investing in stocks; and only those fail to do so who are not clever enough. This false notion takes stronger hold on him when he reads books like Basant Maheshwari’s The thoughtful investor, blogs like rakesh-jhunjhunwala.in and […]
Long term asset allocation for non-enterprising investors
This article was published in freefincal.com as a guest article on June 25, 2018. Here is the link to the freefincal article. https://freefincal.com/are-you-a-conservative-investor-here-is-how-you-can-grow-your-money-smartly/ In his investment classic ‘The Intelligent Investor’, Benjamin Graham makes distinction between two type of investors; the “enterprising” and the “defensive”. Enterprising investor devotes time and effort required for the selection of […]
Most investors are better off following defensive approach of investing
Benjamin Graham makes distinction between two type of investors in his investment classic ‘The Intelligent Investor’; the “enterprising” investor who is willing to devote time and energy to continually research, select and monitor a dynamic mix of stocks, bonds or mutual funds, and the “defensive” investor who places chief emphasis on avoidance of serious mistakes […]
Why average investors don’t stick to basics of investing
After years of reading, studying and exploring personal finance and investing, one arrives at few basics of investing. These basics are simple, easy to understand and can be written on a single piece of paper. Therefore after learning about them, it is quite natural for a person to think that he knows enough of investing and […]
Some of the basics and practicalities of investing I have learned
Majority of errors in investing stem from not understanding basics of investing and straying away from them. While it is still possible to make money in the market without following basics either through special insights or out of sheer luck, retail investors and majority of advisers better not hope to have either. Investment basics are […]
My Story
This article was published in freefincal.com, on March 22, 2018, under "Fee-only adviser journey". Here is the link to the article. https://freefincal.com/fee-only-advisor-journey-swapnil-kendhes-successful-transition-into-a-sebi-ria/ On January 03, 2019, one more of my articles "Becoming a competent & effective financial advisor: My journey so far" was published in freefincal.com. Here is the link to the article. https://freefincal.com/successful-financial-advisor/ "Past [...]
Flaw in advising aggressive equity allocation to all young investors
It is conventional wisdom among financial advisers that young investors should have aggressive equity allocation of 70-90% since they have longer time horizon. A long-time horizon gives young investors much needed staying power which is essential for equity investing. While time horizon is an important factor in making asset allocation decisions and the rationale behind […]
Bad sequence of return
Much is said and written about the risk of inflation and how equity allocation in the portfolio can help protect and increase purchasing power of money. More and more investors are waking up to the necessity of having equity in their portfolios. Equity Mutual funds are increasingly becoming preferred choice of investment for retail investors. […]
Why Flat Fee-Only Model of Advisory (from an Adviser’s perspective)
Commission selling is financially more rewarding for advisers than flat fee-only model of advisory. It also brings awards, rewards and appreciation for advisers within ever growing agent and adviser community. Flat fee only model which is in its nascent stage in India, offers none of this. People like me, who are choosing flat fee only model […]