Casey says a backyard cottage takes about six months to build after permitting (which can take anywhere from no time to a year). The costs vary but generally fall within a range of $80,000 to $250,000. Casey estimates that 82% of his clients have family members in mind for the dwelling; some see the cottages as a good starter home for when their children move back to the area, or a good retirement home for themselves down the line, or maybe both. … [Read more...] about The Next Big Thing In Urban Planning? Backyard Cottages
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Collating all this base information, analysing it and deducing investment muscle and psychometric factors such as risk preference, requirements and the best suited plans- is a long and tenuous process. Poring over spreadsheets, manually entering data about various schemes, plans and options- it took days of study and accurate calculations to get best suited investment information for clients. Despite a good financial background and technical knowledge, they lacked a robust system that would enable them to provide better financial advice to clients and as they are not coders, creating a platform that was completely customised for their needs would be a challenge. However, there was no way out if they were to grow and provide better financial advice to more clients. … [Read more...] about How ICICI Securities’ advisors built an in-house financial advisory platform using MATLAB
Another relevant aspect in this discussion is positioning of certain funds, particularly balanced schemes, on the basis of regular dividend pay-outs. What we need to understand here is that mutual funds are not Post Office Monthly Income Schemes (MIS). A mutual fund is a vehicle for long-term wealth accumulation from the underlying market, with your preferred allocation between equity and debt. For a section of investors, for e.g., retired persons who may require regular cash flows, SWP is the better mode of withdrawal. Otherwise, the pitch of “1 per cent dividend per month plus market upside” creates an illusion for the not-so-savvy investor of higher returns. If the market is favourable, you will get even better returns in the growth option; the dividends are not anything over-and-above what is due to you. … [Read more...] about Withdrawing money from mutual funds: SWP works better than the dividend option
(The writer is the founder of StableInvestor.com)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 Tag tax-saving MF investments to specific goals
There’s even something slyly sophisticated and sexy about the pre-bed drink, summoning images of Jane Austen and Charles Dickens characters “retiring” to mahogony-lined libraries and sitting before fires checking their iPhones discussing the last matters of the day. Even the New York Times is hip to this, saying that if you should nightcap, you should “stick with the classics: top-shelf whiskey, good brandy (usually Cognac), a burnished, potent, amber liqueur.” … [Read more...] about Hate Productivity? Then Enjoy That Nightcap!