AVFINPAL- Your Financial Pal

The reality of retirement planning isn’t as dramatic as it sounds. It is, in fact, easier if you start early because you never know what befalls in the future. So where do you get started? What could you possibly do effortlessly to save for your post-retirement days and not depend on other family members?  Well, We have talked about retirement planning many times before so in this post, we won't be taking up the details regarding retirement planning. In this article, we are going to be discussing one of the most famous and most ignored retirement planning instruments NPS. Yes, you have read that right I used two contradict words in the last line but apparently, it is true. NPS has become one of the most talked-about and famous investments and retirement tools. Yet a lot of us don't know what it is actually about. Hopefully, by the end of this article, you would be at least able to judge if you took the right decision by investing or ignoring the NPS. But before we start underst

When I first learned about investing, I thought you could only buy individual company stocks or bank instruments. Subsequently and in an interesting way in my childhood, I was introduced to this new asset class altogether which was paying me a certain amount (higher than bank FDs)  periodically and was much more secured than equities.  Yes, you might have guessed it by now I am talking about "Bonds". Several times during my childhood, my grandparents decided to give me government bonds as part of my birthday present and  I was inquisitive to know more about it but my curiosity was killed by telling me it isn't a thing for kids.  At the time, I definitely didn’t understand what the phrase "face value" or "YTM" or "Cupon" meant or why I couldn’t use these official-looking pieces of paper.  I guess more video games and clothes could be a better option back then.  Cut to few years, as the value of those decades-old bonds has matured, I started re