by Vidya Kumar | Sep 18, 2015 | Risk management, Smitha Hari
Executive Summary: The Monte Carlo Simulation is a technique of risk analysis which uses probability distribution to define the outcome of a decision. Used in various fields, the Monte Carlo Simulation is also used in financial planning – more specifically in...
by Vidya Kumar | Sep 8, 2015 | financial planning, health, Smitha Hari
Executive Summary: Sports and Financial Planning have many similarities. Goal based actions, need for commitment and discipline, getting better over time and with practice, identifying mistakes, seeking professional help and keeping out bad practices are some of the...
by Vidya Kumar | Sep 4, 2015 | Senior Citizens, Smitha Hari
Executive Summary: A senior citizen has lower cash inflows compared to those who are younger. Recognizing this, the Government and other entities offer different financial and non financial benefits to this community. Higher tax exemption limits, discounts in air and...
by Vidya Kumar | Aug 18, 2015 | Smitha Hari, women
Executive Summary: As a single mother, it is not enough if you simply earn a monthly income. Planning your finances is equally important. Financial Planning for a single mom is therefore critical. A 7 point action plan would be to: First know where you stand, replan,...
by Vidya Kumar | Aug 4, 2015 | insurance, Smitha Hari
Executive Summary: If you have a grievance against your insurance company, you must first approach your insurer. Lodge the complaint in writing and take an acknowledgement. In case the insurer does not reply within 15 days or if you are unhappy with the response, you...
by Vidya Kumar | Jul 24, 2015 | personal finance, savings, Smitha Hari
Executive Summary: An irregular income is usually cited as a reason not to plan finances. But Financial Planning becomes all the more importance when your inflows are uncertain. Have adequate emergency corpus to meet unexpected expenses. Invest surplus in a liquid...
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