Droplet Wealth

We were worried as financial advisers about the budget. Of course the Union Budget because if the budget was perceived to the be good then the markets would rally and our investors will not get discounts on their Investments. Discounts are always good, Who knows it better than you guys! The fact is good business shall always thrive irrespective of the budget and when we choose to invest in equities we invest in businesses that will do well in future. Note that we have used the word "Perceived". Again most of the govt policies being good or bad are perceptions of the people. A good businessman would identify each of them as an opportunity. A classic example is Titan which when was forced to import Gold due to "Govt Policies", it started Tanisq and today Tanisq is one of the largest contributor to Titan's Profits.  So now lets look at the Budget from the view it would affect us.  1. As a (Citizen) Owner of the Country and  2. As a (investor) Owner of the Comp...

We just put up a whats app status and One of the replies inspired us to make that into a blog.  Of course, like with all things @ Droplet, this one is not related to Superficial things like Budget/macro economics. So if you want to know our feedback on this year's budget, here it is -  ---N-----O-------C-----O-------M------M--------E---------N---------T-------S--- It is that. Because, in our fiefdom of Personal Finance, such things do not matter. Well then, let us use this opportune time to turn your attention to a more important budget, that is your  P ersonal budget .  Below are a few simple things that you should deliver on if you are want to make your country (ie., Family) Rich, Prosperous & Wealthy.  1. Earnings - Make sure you have an active Income and work to increase that income by 10% every year. Improve you skill sets, shift jobs, start a part time venture, do anything (legal) and try to increase your income by 10% year on ...

As we beckon a new year, Droplet recommends 20 things that will help you turn a new page in your financial life. 1.  Have a monthly budget in place. 2.  Earn. Save. Spend. - Start early. Start immediately.  3.  Buy a term insurance covering 20 times of your salary. Helps your dependents largely during your absence. 4.  Have adequate medical insurance in place. You don't have to shell out cash in case of medical emergencies. 5.  Do not mix insurance with investments. 6.  Have atleast six months of your monthly expenses as contingency fund. 7.  Have a plan in place before buying a property. Such as location, accessibility, resources, so on. 8.  Don't buy a property due to peer pressure or societal pressure or for status. Buy only when you are ready and it is absolutely necessary. 9.   Buy real estate only if you have 30% cash for down payment. 10. Buy real estate only if you are confident that you would st...

A lot of us know mutual funds invest in Stock Markets. Stock markets aka  Equities aka   share markets aka companies. So a simple thought that comes to our mind, why not invest in shares by ourselves. The self-realization that we are smart than others props this thought to the next level and we commit. If not this then the greed of becoming Wealthy soon props this thought. If not now, then at some point it will. So you are caught and our job as advisors is to help you escape. Let us caution you - The very purpose of this post is not to Frighten you from Stock Markets but to frighten those who think stock market is a place to become filthy rich over night by investing based on a random tip. Read on. We have for now kept the legends who take personal loans and invest in the stock market away. We are only talking about individuals passionate about investing and want to make serious wealth by Investing in Stock Markets. By serious, we mean a number no less than a few...

Click here to read the article in Tamil   Start early.  Be it be health or wealth start early. It does not matter whether you run a full marathon or talk a small walk around the park. Starting early only matters. Likewise, start saving right away, Even Rs 500 is Okay. Avoid excessive calories & fat for a peaceful healthy life. Likewise, avoid debt. Understand the importance of compounding in life. Have a long-term mind set. Be consistent in whatever you do. Let it be gyming, Saving or investing. Only then you will achieve your desired results. Everything in life would take time. You have to believe in the process. Six packs do not appear in a month and neither does wealth. Continue the process and it would happen for sure. Have a plan in place and measure the progress at regular intervals. So you will understand where you are and what needs to be done to reach the destination on time. Understand the significance of diversification. You don't eat the same ...

    Click here to read the article in Tamil                                     Karma is a boomerang, we are sure we have to repay for the lie that the title of this blog is. But don't they also say - "Dharamam Thalai kaakkam" Lets hope when Karma boomerangs, our Duty will save our heads.  Now that we have told the title of the blog is a lie, Let's now try and make it true, Why let Karma boomerang in the first place?                                    If you have followed us, you would realize that we are obsessed with just 2 things - "Savings" & "Compounding". We will make it rhetoric until we are sure each of our readers has understood it clearly. That's "Dharma" performed. Alright then!  1. Savings - A quick check of  candidates a ged 4 0+ tell us that most of...

                Investing is simple but not easy. Meaning, anyone can step into a broking firm open a demat account and start investing. However, in reality not all those who have a demat account or someone professionally qualified have succeed dramatically in the equities market. If knowledge is the only required criteria then all the chartered accountants & finance professionals would have been millionaires and minting money on their investments.                When asked about investments & knowledge, Warren Buffet candidly replied – “If book knowledge made great investors, then the librarians would be all rich”. Ideally, it is the behavior, which differentiates successful investor from the rest of the world.                               ...

Very soon Google & Facebook's artificial intelligence-equipped robots will throw ads that will show you can save taxes up to Rs 46,500 on investment of 1.50 lacs under 80C. The second amount of the first sentence is enough for middle-class families to forget about tax saving forever. So for those not convinced about tax saving, let Droplet tell you a few important things about Tax Savings -  1. It helps you achieve a better rate of return irrespective of the instrument. (Ask us how you will be surprised to know the answer) 2. It inculcates the habit of savings.  3. It helps in retirement planning. (Oh! Seriously)  Ok, what we intend to inform our readers is -  1. Are they really eligible for Rs 46,500 savings on Tax 2. How much should they optimally invest to save Taxes under 80C.  Droplets has taken the example of 3 Salary profiles here and explained how much each of them can claim under 80C and what would be there Tax savings -  ...

Disclaimer - This blog has nothing to do with the below book. But it has got everything to do with "Rich Dad & Poor Dad". We all want to be rich but hardly 1% actually make it there. At Droplet our endeavor is to make every person investing with us to be Rich. Because, believe us, becoming rich is not that tough, it's very simple and boring. But most of us blame it on our Parents for not giving us the kind of launchpad (Like inheritance, Degree from Fancy college, things, etc.,) to become rich. Include those of you who say "Avanukku enna, avanga Appa sambachu-vechu irukkaaru..."  Before we proceed to say anything we want to bring to you 2 real stories from our beloved place ie., the Stock Market.  Of course one of the companies is Rich Dad's and Another is Poor Dad's. Below is the Sales that these companies have recorded in the last 10 Years.    As you can see the 1st company had started with huge sales figures and gradually...

This is the time of the year when fortunate of us would be running to save taxes us 80C. Fortunate because we don't have a home loan and hence we don't "Save Taxes" under 80C.  We will soon have our smartphones throwing up adds like  - " Save 46,500 in Taxes this year " blah blah... not only that we will also our Dad's/Mom's/Uncle's friends who will call up to say that we can a buy a "Money Back Guaranteed Plan" to  save taxes and insurance our life and get "smart" guaranteed returns on our investment and plan our retirements and oh my what and all they will not tell you until you s**k up..  This year Droplet is going to try to make it different and of course we need your Patience and Attention so that we can help you.  Read our Blog  here  and enlighten yourself.  For any financial Planning queries, Please contact Droplet Advisory @861 017 2018/824 836 9621 or write an email to us at dropletadvisory@gmail.com ...