Jar 1: Long term investment – 10% - This Jar must contain money that should be invested for long term such as for ‘legacy’ which is not to be touched during your life time.
Jar 2: Necessities – 55% of your income – This Jar must contain money which you require to spend on necessities of life such as food, clothing, rent, travel expenses etc.
Jar 3: Personal Education – 10% - This Jar must contain money for your personal education such as attending Training programs, learning new skills, undertaking higher education etc. so that we can enhance our income in the future.
Jar 4: Emergencies – 10% - This Jar must contain money set aside for emergencies and unforeseen circumstances.
Jar 5: Children Education – 10% - This Jar must contain money meant for your children’s education. Allocate this money for good quality education, higher education, foreign education etc.
Jar 6: Charity – 5% - This Jar must contain money for donations and charity to less privileged people. We must always set aside money for the needy and deserving poor. Example: Donations for education, clothes for poor children, contribution to old-age homes etc.
By dividing your monthly income in the above Jars, we will be allocating our money in a much more meaningful and organized way.
Spectacular rise in the Nifty today, ending more than 100 points higher. This was expected as the global cues were extremely positive last night in Europe and US markets.
Currently, the global cues are mildly negative. The US and European markets are down by 0.5-1%.
Today's rise in the Nifty has resulted in it entering the 'buy' zone. However, it is too early to say whether this is the start of a rally or not. A few stocks have entered the buy zone too, but I personally prefer to wait and watch what happens tomorrow. The recent rise could be due to short covering, but nobody can be sure and hence I will wait for some more clarity in the situation.
Long term investors must continue to invest on a monthly basis in bluechips. Do not let the market level determine your investment. If you have decided to invest on a particular every month, then high or low on that particular day, you must invest the amount in a few bluechips for long term.
Starting from today, I will post a small investment tip so that we can all become wise and informed investors.
Jar 2: Necessities – 55% of your income – This Jar must contain money which you require to spend on necessities of life such as food, clothing, rent, travel expenses etc.
Jar 3: Personal Education – 10% - This Jar must contain money for your personal education such as attending Training programs, learning new skills, undertaking higher education etc. so that we can enhance our income in the future.
Jar 4: Emergencies – 10% - This Jar must contain money set aside for emergencies and unforeseen circumstances.
Jar 5: Children Education – 10% - This Jar must contain money meant for your children’s education. Allocate this money for good quality education, higher education, foreign education etc.
Jar 6: Charity – 5% - This Jar must contain money for donations and charity to less privileged people. We must always set aside money for the needy and deserving poor. Example: Donations for education, clothes for poor children, contribution to old-age homes etc.
By dividing your monthly income in the above Jars, we will be allocating our money in a much more meaningful and organized way.
Spectacular rise in the Nifty today, ending more than 100 points higher. This was expected as the global cues were extremely positive last night in Europe and US markets.
Currently, the global cues are mildly negative. The US and European markets are down by 0.5-1%.
Today's rise in the Nifty has resulted in it entering the 'buy' zone. However, it is too early to say whether this is the start of a rally or not. A few stocks have entered the buy zone too, but I personally prefer to wait and watch what happens tomorrow. The recent rise could be due to short covering, but nobody can be sure and hence I will wait for some more clarity in the situation.
Long term investors must continue to invest on a monthly basis in bluechips. Do not let the market level determine your investment. If you have decided to invest on a particular every month, then high or low on that particular day, you must invest the amount in a few bluechips for long term.
Starting from today, I will post a small investment tip so that we can all become wise and informed investors.
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