In fact for the problem of financial planning – which could be actually an asset liability mismatch problem, some of the tools available makes it very easy. “A financial plan for our customers, it is technically like solving a 400 plus variable problem, it helps to optimise the amount of assets that the customer has, to reach his goals. That is what we do with MATLAB daily and that’s how MATLAB makes it easy to run simulations - program it, feed the time frame of stocks and estimate the optimal size of the portfolio. I think it’s a great tool for people in this industry to get new ideas, experiment with them, refine and implement them,” Mathur says. … [Read more...] about How ICICI Securities’ advisors built an in-house financial advisory platform using MATLAB
The success of TurboTax, which Intuit zealously defends by lobbying to stop governments from offering their own tax-prep apps, may help explain why Mint has gone neglected. Patzer estimates that TurboTax generates 10 to 20 times the revenue of Mint. Intuit doesn’t break out that proportion—Heineman says, “Anything you have heard from Aaron or others is just speculation”—but its executives have left Mint out of prepared remarks for the company’s last five quarterly-earnings calls. … [Read more...] about What the hell happened to Mint?
Let’s say you apply for a home loan of Rs 1 crore with 20 years tenure. The applicable interest rate at present is 8.5 per cent, depending on your credit score. The new interest rate applicable from January 1, 2020 will be 8.25 per cent. So, the monthly instalment payable will be Rs 85,207, down from Rs 86,782. So, there is immediate saving of close to Rs 18,900 annually with the reduction in interest rates. Over the tenure of the loan, you will save around Rs 3.78 lakh. … [Read more...] about 2020 to usher in lower EMIs for SBI’s home loan customers
May took over after previous Conservative Party PM David Cameron resigned after he gambled that Brexit would be a non-event, but it came to pass.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Brexit impasse: Theresa May resigns effective June 7; process to elect new PM to begin in a few weeks
Economists and market analysts have lost no time in telling us what happened during previous pandemics. DBS Group Research’s Taimur Baig and Radhika Rao point out that the SARS (Severe Acute Respiratory Syndrome) outbreak in 2003 spread to two dozen countries and led to 774 deaths. On the economic cost of SARS, DBS Research says, "Hong Kong and Singapore saw about 100 bps decline in bond yields and a 15 percent decline in equity market valuation. The loss of GDP was as high as 2.5 percent for Hong Kong and around 0.5 percent for Singapore." … [Read more...] about Moneycontrol Pro Weekender | Waiting for Sitharaman