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Human civilization has an insatiable lust for gold. Because gold is dispersed widely throughout the geologic world, it became prevalent in human cultures and religious ceremonies across the globe. Dating back millennia. Last year, two large tombs were discovered and excavated at the site of the ancient city of Pylos in southern Greece. Inside the 3,500-year-old tombs, archaeologists found remains of gold jewellery and thousands of pieces of gold foil, remnants of the sheets of gold that once lined the tomb floors. The ancient Egyptians considered it a symbol of eternity and referred to it as “flesh of the gods”. Consider the tomb of the boy-king Tutankhamun. He was enshrined in three gold coffins and his finery included a gold funerary mask. Gold may no longer be used in tombs, but it does line the walls of the vaults of central banks. Gold has been a symbol of wealth and power, a store of value, a means of exchange, legal tender, and has facilitated global trade. It is evident ...

The subject of luck in investing is a fascinating one. MORGAN HOUSEL of Collaborative Fund once commented that luck and risk are the opposite sides of the same coin but we treat them very differently. Being a fan of his writings, I went through his views on “luck” and decided to reproduce a few them from 2017 to 2020. *What have you changed your mind about in the last decade? - 2017* I respect the role of luck more today than I did a decade ago. I used to view successful people as clearly having more intelligence and drive than others. I’ve come to appreciate how much of success is due to luck, not the least of which is being born into a good family in a good country. It doesn’t take a lot of imagination to see that if Bill Gates were born in Berlin in 1920, his outcome would have been different. The common rebuttal to this is “Luck is what you’re dealt, fate is how you play your cards.” Which is 100% true. But some people are born with a pair of aces. Worse, they never reali...

Financial Services Intermediaries usually focus on various factors while promoting a mutual fund to the investors, but seldom do we give any importance to the factors that warrant exiting an investment. While the benefits of investing, especially in equity funds, are derived in a longer time frame, that doesn’t mean one should forget about these investments and only take a look at them as the goal nears its target. This is because there are various factors that impact the growth journey of investments. Here I would like to highlight the importance of the right time to redeem mutual fund investments in the financial planning process and look at the major scenarios under which investors should be advised to take an informed decision to exit their mutual fund investments. *When to sell* While it’s true that mutual fund investments should be for the long term, a smart investor must also know when to make an exit and sell his or her mutual fund holdings. For most investors though, deci...

Financial temperature is a term used to define one 's personal monetary affairs. Financial temperature has many dimensions including how much savings you have, how much you put away for retirement and how much of your income you spend on fixed or non-discretionary expenses. Personal Net Worth However, the net worth of an individual can be quantified simply because he measures the tangible. By tangible like personal property, cash, art works, antiques, jewelry, collectibles, stocks , bonds, rare books, cars, the cash value of entire life insurance policies, 401ks, IRAs and other things that can be assigned a definitive monetary value. Those tangible items are described as the assets of an individual. On the other side, we have liabilities. These could include mortgages, auto loans , credit cards, installment loans , student loans and, to name a few, tax liabilities. In simple terms, the liabilities represent the debt of a person and other monetary obligations.Since the assets ...

LIC Jeevan Lakshya is a limited premium paid traditional program that is unlinked and graded as an endowment with-profits scheme. The plan became effective in March 2015. This program offers an annual income that can be helpful for the family's needs, particularly for children, in the event of the policyholder 's death before the plan's maturity. By the completion of the maturity period, a lump sum balance is always made available irrespective of the policyholder 's survival. LIC Jeevan Lakshya Key Features & Highlights The salient features of the Jeevan Lakshya plan can be mentioned as follows- Guaranteed Sum Minimum: Rs.1,00,000 Full-No Deadline Multiples- The basic assured sum can only be Rs 10,000 in multiples Benefits of LIC Jeevan Lakshya This policy, if availed, offers the following benefits - Maturity Benefit - The Maturity Benefit will include the Sum Assured on Maturity plus the vested Simple Reversion Benefits and the Final Additional ...

Life insurance companies pay death benefits to their policyholders every day,Providing them with the requisite funds, and definitely welcoming them. Essentially, life insurance offers leverage: You pay the insurance provider a fairly small sum of money in the form of a "premium," And the insurance provider must have a guaranteed payout of fairly significant amounts of money after the insured's death. Though thousands of life insurance policies are available, there are certain unpaid duties or liabilities after you, life insurance may come handy. Some life insurance companies also promise to pay for funeral expenses which after you can be a major cost to your family. Bridging the Wealth Gap A good lump sum can pay off the education fee and marriage costs for your child. Such expenses can be enormous and can be easily taken care of with Life Insurance help. When one is searching for life insurance, there are three specific things relating specifically to life insur...

LIC's JEEVAN TARUN is a participating, unlinked, restricted premium payment plan that offers an attractive combination of protection and saving features for children. This plan is specifically designed to meet growing children's educational and other needs through annual Survival Benefit payments from ages 20 to 24 years and Maturity Benefit at age 25. It is a flexible plan in which the proposer can select the proportion of Survival Benefits to be used during the policy period as per the following four options at the proposal stage: Option Survival benefits Maturity benefits Option 1 No survival benefit 100% of Sum Assured Option 2 5% of Sum Assured every year for 5 years 75% of Sum Assured Option 3 10% of Sum Assured every year for 5 years 50% of Sum Assured Option 4 15% of Sum Assured every year for 5 years 25% of Sum Assured Benefits available under an in-force po...