Rupakumar Pradhan, CFPCM, CWM®

Personal Financial Advisor

Practical Views on Money, Finance & Life .....

 Hot Topics
  • How Wealth Is Created? Wishing you and your family a magnificent 2019. I am writing this article after 3 months due to my CWM (Chartered Wealth Manager) Exam preparation. Thank you so much for...
  • Wealth Creation v/s Wealth Erosion Generally we are savings are likely to be held in five major categories—property, equity, debt, precious metals, and cash. Whatever the investment product, however complex it’s terminology and working, it...
  • Saving vs. Investing: Understanding the Key Differences Often, you have heard about words like ‘saving’ and ‘investment’. But did you know that savings and investment are two separate concepts? The words “Saving” and “Investing” are sometimes used...
  • Nuggets For You Some of my recent tweets in the month of April 2018 “I think this is also a great time to invest in private equity, helping companies grow from the ground...
  • LTCG Tax for Your Mutual Funds What is LTCG? LTCG or Long-Term Capital Gains refer to the gains made on any class of asset held for a particular period of time. In case of equity shares,...
    Pradhan Mantri Vaya Vandana Yojana – Should You Buy?

Pradhan Mantri Vaya Vandana Yojana – Should You Buy?

    The Pradhan Mantri Vaya Vandana Yojana (PMVVY) was formally launched on 21 July by Arun Jaitley, the Union Minister for Finance, Defence and Corporate Affairs. However, the scheme has been available for purchase since 4 May 2017. Pradhan Mantri Vaya Vandana Yojana, a pension scheme launched by Life

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    5 Reasons Why A Financial Plan Is Important

5 Reasons Why A Financial Plan Is Important

  Buying a home. Saving for child’s higher education like MBA, MBBS, Engineering etc.. Designing debt management strategy. Insurance planning. Retirement planning. We all have financial goals, but often have no idea how to make them happen. Unlike more mature markets such as the United States of America (USA), United

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    How Does Credit Card Interest Work?

How Does Credit Card Interest Work?

  Huge Interest amount! I can’t manage it boss. I have entered into a debt trap. People often ask me, “Rupakumar, how these credit card charges are calculated?” I want to provide an answer for this question through this page, as how does credit card interest work? Most people aim

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    What is a Systematic Investment Plan or SIP? How does it work?

What is a Systematic Investment Plan or SIP? How does it work?

What is SIP? How does it work? I used to interact with many people across different layers of society who comes to us for personal financial advice. It’s a question that remains central in the interaction. I want to provide an answer for this question through this page, as how

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    Warren Buffett – Money Mantras (3)

Warren Buffett – Money Mantras (3)

  Warren Buffett’s bet on Apple gained $1 billion in a Single Day. Warren Buffett’s bet on Apple gained $1 billion on Wednesday, 3rd August 2017. Buffett’s Berkshire Hathaway owns about 135 million shares of Apple. Apple released its third quarter earnings report after the bell on Tuesday (2nd August

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    Warren Buffett – Money Mantras (2)

Warren Buffett – Money Mantras (2)

  Warren Buffett ‘s  -Simple Retirement Advice Warren Buffett, has a net worth of $77.2 billion in July 2017, according to Bloomberg. Imagine sitting down with Warren Buffett, an American business magnate, investor, and philanthropist, to discuss how you should invest for retirement. A lot of questions come to mind.

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    Why ELSS Scores Over Other Tax-Saving Products?

Why ELSS Scores Over Other Tax-Saving Products?

  Planning your taxes is an integral part of your financial planning. It may be short-term, medium-term or long-term. Sec 80C of the Income Tax Act allows you to claim deductions from your taxable income by investing in certain investments. One of the most popular Sec 80C investments is in

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    Is a Written Financial Plan Necessary?

Is a Written Financial Plan Necessary?

  Managing finances is an important aspect of the life of every working individual and to ensure that one is able to lead a life free from worries, it is important that it is done properly in a planned manner. I used to interact with many young professionals who come

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