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  Note:   Some content of this article has been taken from the book  11 principles to achieve financial freedom - by Nandish Desai   and You were born rich - By Bob Proctor To achieve any goal in life the following three things are a MUST  1.Meticulous Planning detailing what to do, when to do , how to do , who will do what while taking into consideration various scenarios, constraints, available resources ets  2.Super Execution of the plan so as to achieve the planned impact in planned areas within the planned time, with the available resources AND  3.Continuous monitoring of the plan so as to know where have we reached , what is changed, what needs to be changed and so on. Same thing is applicable to financial plan also. Now a days every now and then we keep on reading and hearing in television, Youtube, newspaper, magazines about why financial plan is a need of the day and not a luxury. So, at some point in our life we create our own ...

An economics professor at a college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that socialism worked well since no one would be poor and no one would be rich, thus providing a great equalizer.  The professor then said, "OK, we will have an experiment in this class on the Socialist plan".... All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A.... (substituting grades for rupees - something closer to home and more readily understood by all). After the first test, the grades were averaged and everyone got a B.  The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they likewise studied little.  The second test average was a ...

  CPPI means Constant Portfolio Protection Insurance. CPPI is a more refined / advanced version of a simple capital protection strategy that is usually adopted in Capital Protection Oriented funds that we see in the market. It's aim is to try and maximise the upside from the portfolio, while sticking to the basic principle of downside protection that is a necessary feature in any capital protection strategy. Simple capital protection strategies limit the downside - and the upside too In a simple capital protection strategy for say a 3 year period, for every 100 rupees of corpus, the fund manager will typically buy around Rs. 75 worth of G-Secs, which over a 3 year period would grow to Rs.100, with the help of accrued interest. This 75 guarantees that the capital value at the end of 3 years will not fall below 100. With this comfort, the balance 25 is typically deployed in equities, with an expectation of beating fixed income returns over the next 3 years and thus delivering an over...