Engineer’s Finance
Blog that describes an Engineer’s Finances.
Software Engineer’s Money
Aug 9th
Have you noticed that Bangalore, once a pensioner’s paradise has become one of the costliest cities in India. I have spoken to many people and all of them attribute this change to the software world brought about by namely the two Indian MNC, Infosys and Wipro. The older generation somehow don’t like the younger generation. They have far too many complaints and also think that the youth are not responsible enough. Whenever I speak to some elder, they say things bluntly on my face that “You are an engineer and you don’t know the value of money.” Read the rest of this entry »
Beginner Series – First Step towards investing
Aug 7th
I have decided to help the beginners with the little knowledge that I have acquired. From now on, I will write one article per week that will be exclusively for the beginner who wants to invest in stock market for investing purposes and not trading. There is considerable difference. Trader buys stock and sells them at a better price where as an investor buys stock keeps it till its real value is met and he sells it. The time period is what that has to be noticed in here. Read the rest of this entry »
Mutual Fund Entry Load Abolished
Aug 6th
SEBI has abolished the Entry load for the Mutual Funds. That means after the NFO (New Fund Offer) if any investor wants to enter into that particular Fund, he had to pay certain amount as Entry Load as he is going to invest in the middle of the Fund’s life cycle. Now, SEBI has abolished it. This was not necessary for the Assets Management Company (AMC) but they thought it would be nice idea to charge the investors and now SEBI has taken a stand for the investors as in time of such financial turmoil. SEBI is more concerned about the investors and it want to bring in the faith that things are all fine. Read the rest of this entry »
Savings as an Expense
Aug 5th
I was wondering is it possible to save money with least effort. Generally for me, savings become the last option once the paycheck hits my account. I don’t think much about savings. The priority of savings is generally last or somewhere close to last. It is not a good sign and I know that. I was wondering if at all I decide to change the situation and make savings as an important priority then what could be done and it flashed to me that I consider savings as an expense and which is mandatory. I do spend the money that I earn, I thought every week I fill petrol for my bike, it is necessary similarly I will deposit some amount of money in the savings account thinking that it is necessary. Read the rest of this entry »
Laziness and Finance
Aug 4th
Have you ever wondered what the root cause of your financial problems is? I guess the answer is “You” and “Your Laziness”. Most of the time it is the lack of discipline and the laziness to learn puts us in financial trouble. I have had a word with my friend and asked him why have you invested in LIC policy and the answer I was expecting was, “It made sense to me cause it had the benefits that I was looking for” and I got the answer as, “My mom asked me to invest in it and I did and also I get tax benefit out of it”. Read the rest of this entry »
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